XML 34 R11.htm IDEA: XBRL DOCUMENT v3.22.0.1
Grant Income
12 Months Ended
Dec. 31, 2021
Grant Income  
Grant Income

(4) Grant Income

In September 2019, as modified in September 2020, the Company received a Notice of Award for a $1.9 million grant from the National Institute on Aging of the National Institutes of Health (the “NIH”) to cover costs of long-term chronic toxicology studies of Buntanetap in rats and dogs. The Company began the long-term chronic toxicology studies in November 2019. The Company recognized grant income of $36,754 and $1,157,449 for the years ended December 31, 2021 and 2020, respectively, in connection with the NIH grant. The Company received payments under the grant of $36,754 and $1,892,524 during the years ended December 31, 2021 and 2020, respectively and recorded a grant receivable of $0 as of December 31, 2021 and 2020, and had no unreimbursed, eligible costs incurred under the grant. As of December 31, 2021, there were no remaining funds available under the grant.