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Earn-out Milestone Liability (Tables)
 9 Months Ended
Sep. 30, 2018
Earn-out Milestone Liability  
Schedule of Changes in Earn-out Milestone Liability

The following is a summary of the changes in the earn-out milestone liability for 2018:

 

Balance at January 1, 2018   $ 12,538,525  
Non-cash gain from the adjustment for the change in fair value     (3,567,671 )
Balance at September 30, 2018   $ 8,970,854  
Schedule of Milestone Risk Adjustment Assessment

The following is a schedule of the Company’s risk-adjustment assessment of each milestone:

 

Date  

Risk-adjustment Assessment

of each Milestone

     Discount Rate    

Estimated Time

to Achieve

                 
September 30, 2018     0% to 80%       9%     0.00 to 1.17 year
June 30, 2018     35% to 80%       9%     0.83 to 1.00 years
December 31, 2017     35% to 80%       9%     1.33 to 1.50 years
                     
September 30, 2017     35% to 80%       9%     1.25 to 1.75 years
June 30, 2017     50% to 80%       9%     1.50 to 2.00 years
December 31, 2016     50% to 80%       9%     2.00 to 2.50 years