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SECURITY DEPOSITS AND OTHER ASSETS
3 Months Ended
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.