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SECURITY DEPOSITS AND OTHER ASSETS | 3 Months Ended
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Mar. 31, 2021
SECURITY DEPOSITS AND OTHER ASSETS [Abstract] |
SECURITY DEPOSITS AND OTHER ASSETS |
NOTE 9 | SECURITY DEPOSITS AND OTHER ASSETS
On January 24, 2020, the Company replaced the letter of credit held for lease property 654 Madison Avenue with a security deposit of $84,915. On February 9, 2017, a retainer in the amount of $300,401 to a service provider was paid, pursuant to a master services agreement (the “Master Services Agreement”) which expires in 2022. The retainer represented 10% of the amount of estimated direct costs expected to be incurred by the service provider, in connection with clinical development services provided under the Master Services Agreement. On June 14, 2018, a security deposit was paid in the amount of $63,220 pursuant to a lease agreement which expires on December 28, 2025.

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