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Earn-out Milestone Liability (Tables)
 9 Months Ended
Sep. 30, 2020
Hercules Warrant [Member]  
Schedule of Changes in Earn-out Milestone Liability

The following is a summary of the changes in the earn-out milestone liability for the nine-month period ended September 30, 2020:

 

Balance at January 1, 2020   $ 5,717,709  
Non-cash loss from the change in fair value     1,397,291  
Balance at September 30, 2020   $ 7,115,000  
Schedule of Risk Adjustment Assessment

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

 

Date   Risk-adjustment Assessment
of Achieving each Milestone		     Discount Rate     Estimated Time
to Achieve		  
                   
September 30, 2020     80 %     9 %   0.38 to 1.38 years  
June 30, 2020     80 %     9 %   0.54 to 1.54 years  
December 31, 2019     80 %     9 %   1.12 to 2.12 years  
                       
September 30, 2019     80 %     9 %   0.92 to 1.92 years  
June 30, 2019     80 %     9 %   0.75 to 1.75 years  
December 31, 2018     80 %     9 %   1.25 years