XML 58 R40.htm IDEA: XBRL DOCUMENT v3.20.4
Collaborative Agreements (Details) - USD ($)
1 Months Ended 12 Months Ended
Dec. 24, 2018
Sep. 30, 2017
Sep. 25, 2017
May 26, 2017
Aug. 31, 2016
Jul. 27, 2016
Dec. 31, 2015
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Oct. 30, 2020
Aug. 05, 2019
Jun. 30, 2019
Collaborative Agreements (Textual)                            
Share price                       $ 2    
Outstanding balance               $ 696,255 $ 333,682          
Milestone payments royalty percentage               12.00% 12.00%          
BHK Co-Development Agreement [Member]                            
Collaborative Agreements (Textual)                            
Description of payment settlement           ● Upon the signing of the BHK Co-Development Agreement: $1 million, or 10% of total payment ● Upon the first Investigational New Drug (IND) submission and BioLite Taiwan will deliver all data to BHK according to FDA Reviewing requirement: $1 million, or 10% of total payment ● At the completion of first phase II clinical trial: $1 million, or 10% of total payment ● At the initiation of phase III of clinical trial research: $3 million, or 30% of total payment ● Upon the New Drug Application (NDA) submission: $4 million, or 40% of total payment.                
Upfront payments           $ 1,000,000 $ 1,000,000              
Percentage of payments under co-development agreement           10.00% 10.00%              
Milestone payments to BioLite in cash         $ 31,649,000 $ 10,000,000                
Common stock newly issued, value         $ 1,000,000   $ 10,000,000              
Collaborative agreements, description             The Company recognized the cash receipt in a total of NT$50 million, approximately equivalent to $1.6 million, as collaboration revenue when all research, technical, and development data was delivered to BHK. In addition to the total of NT$50 million, approximately equivalent to $1.60 million, BioLite Taiwan is entitled to receive 50% of the future net licensing income or net sales profit. As of December 31, 2020 and 2019, the Company has not earned the royalty under the BHK Collaborative Agreements.            
Co-Dev Agreement [Member]                            
Collaborative Agreements (Textual)                            
Amount received from BriVision   $ 3,000,000   $ 3,000,000             $ 450,000      
Percentage of payments under co-development agreement       50.00%                    
Company cash payments   $ 3,000,000   $ 3,000,000                    
Co-Dev agreement, description The Company received the remaining balance of $2,550,000 in the form of newly issued shares of Rgene’s Common Stock, at the price of NT$50 (approximately equivalent to $1.60 per share), for an aggregate number of 1,530,000 shares, which accounted for equity method long-term investment as of December 31, 2018. During the year ended December 31, 2018, the Company has recognized investment loss of $549.                          
BioFirst Stock Purchase Agreement [Member]                            
Collaborative Agreements (Textual)                            
Amount received from BriVision                         $ 2,902,911 $ 3,000,000
Shares issued                         414,702 428,571
Collaborative Arrangement [Member]                            
Collaborative Agreements (Textual)                            
Percentage of payments under co-development agreement                   50.00%        
Common stock newly issued, value                   $ 3,000,000        
Licensing rights     $ 3,000,000                      
Company cash payments                   $ 3,000,000        
Research and development expense                     $ 3,000,000