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Related Party Transactions
 6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 6 – RELATED PARTY TRANSACTIONS

 

UCL

 

At June 30, 2020 and December 31, 2019, the Company owed UCL Consultants Limited ("UCL") $223,562 and $9,379, respectively, in connection with medical research performed on behalf of the Company. During the six months ending June 30, 2020 and 2019, the Company paid UCL $0 and $77,328, respectively, for medical research performed on behalf of the Company. UCL is a wholly owned subsidiary of the University of London. The Company's Chief Scientific and Manufacturing Officer is a professor at the University of London.

 

CTI

 

At June 30, 2020 and December 31, 2019, the Company owed CTI $0 and $280,723, respectively, for medical research performed on behalf of the Company. During the six months ending June 30, 2020 and 2019, the Company paid CTI $126,850 and $993,052, respectively, for medical research performed on behalf of the Company. During the six months ended June 30, 2020 and 2019, the Company paid CTI $25,392 and $24,653, respectively, pursuant to its sublease agreement with CTI. See Note 5. During the six months ended June 30, 2020, the Company recorded a capital contribution of $215,761 for the forgiveness of certain accounts payable due to CTI.