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Recent Developments, Liquidity and Management’s Plans (Tables) | 9 Months Ended
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Sep. 30, 2022
Recent Developments Liquidity And Managements Plans |
Schedule of Net Assets Acquired to be Allocated to Goodwill | Schedule of Net Assets Acquired to be Allocated to Goodwill
|  | Valuation Analysis |
Total Consideration |  | $ | 42,477,346 |
Cash and Cash Equivalents |  |  | 1,380,852 |
Marketable Securities |  |  | 29,480,524 |
Other Receivables |  |  | 3,026,137 |
Prepaid Expenses |  |  | 192,314 |
Investment in Oravax, Inc. |  |  | 1,500,000 |
Trade and Other Payables |  |  | (3,601,020 | )
Net Tangible Assets Acquired |  | $ | 31,978,807 |
Excess of Purchase Price Over Net Assets Acquired to be Allocated to Goodwill |  | $ | 10,498,539 |
Summary of Milestone Events Payment | Summary of Milestone Events Payment
Milestone Event |  | Milestone Payment
Market capitalization of the combined company for at least ten (10) trading days during any 20 consecutive trading day period during the Milestone Period is equal to or greater than $500,000,000 (the “First Milestone Event”). |  | $20,000,000
For every $250,000,000 incremental increase in market capitalization of the combined company after the First Milestone Event to the extent such incremental increase occurs for at least 10 trading days during any 20 consecutive trading day period during the Milestone Period, up to a $1,000,000,000 market capitalization of the combined company. |  | $10,000,000 per each incremental increase (it being understood, however, that, if such incremental increase results in market capitalization equal to $1,000,000,000, such $10,000,000 payment in respect of such incremental increase shall be payable without duplication of any amount payable in respect of a Second Milestone Event, as defined below).
Market capitalization of the combined company for at least 10 trading days during any 20 consecutive trading day period during the Milestone Period is equal to or greater than $1,000,000,000 (the “Second Milestone Event”) |  | $25,000,000
For every $1,000,000,000 incremental increase in market capitalization of the combined company after the Second Milestone Event to the extent such incremental increase occurs for at least 10 trading days during any 20 consecutive trading day period during the Milestone Period. |  | $25,000,000 per each incremental increase

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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