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RESEARCH AND DEVELOPMENT ACTIVITY (Tables) | 12 Months Ended
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Dec. 31, 2018
Research and Development [Abstract] |
Schedule of milestone payments in consideration for the patent rights |
Each Phase I initiation |  | $ | 25,000 |
Each Phase II initiation |  | $ | 250,000 |
Each Phase III initiation |  | $ | 350,000 |
Each NDA/EMA filing |  | $ | 1,000,000 |
Each NDA/EMA awarded |  | $ | 9,000,000 |
Schedule of consideration of annual maintenance fees under the PITT Agreement |
June 26 of each year 2018-2022 |  | $ | 5,000 |
June 26 of each year 2023-2024 |  | $ | 10,000 |
June 26 of each year 2025 until first commercial sale |  | $ | 25,000 |
Schedule of Licensee required to make milestone payments |
Each Phase I initiation |  | $ | 50,000 |
Each Phase III initiation |  | $ | 500,000 |
First commercial sale of product making use of licensed technology |  | $ | 1,250,000 |

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- Definition Tabular disclosure of the entity's accounting policy for the recognition of revenue under the milestone method. Includes: (1) a description of the overall arrangement; (2) a description of each milestone and related contingent consideration; (3) a determination of whether each milestone is considered substantive; (4) the factors that the entity considered in determining whether the milestone or milestones are substantive; and (5) the amount of consideration recognized during the period for the milestone or milestones. + References No definition available. + Details
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