XML 34 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Significant Accounting Policies (Details) - USD ($)
$ in Thousands
1 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2021
Aug. 31, 2020
Sep. 30, 2021
Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Percentage of royalties   5.00% 5.00%  
Revenues       $ 200,000
Liquidity discount (as a percent)     20.00%  
1st Year Anniversary of Effective Date        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     $ 100  
Liquidity discount (as a percent)     30.00%  
2nd Year Anniversary of Effective Date        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     $ 100  
Liquidity discount (as a percent)     40.00%  
1st Patient in Dose Confirmation Study        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     $ 100  
NDA Submission        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     300  
1st FDA Approval in US        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     5,000  
2nd FDA Approval in US        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     3,000  
1st Regulatory Approval Outside US        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     2,000  
2nd Regulatory Approval Outside US        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     $ 2,000  
Restricted shares        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Shares to be issued under agreement     41,000  
Restricted shares | 1st Patient in Dose Confirmation Study        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     $ 5  
Restricted shares | NDA Submission        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Milestone payment     $ 15  
Processa Pharmaceuticals, Inc        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Minimum proceeds from public offering   $ 15,000    
Shares to be issued under agreement   825,000    
Processa Pharmaceuticals, Inc | Restricted shares        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Upfront payment $ 5      
Processa Pharmaceuticals, Inc | License agreement | Restricted shares        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Shares to be issued under agreement 41      
Adjusted liquidity discount (as a percent)     5.00%  
Processa Pharmaceuticals, Inc | License agreement | Restricted shares | 1st Year Anniversary of Effective Date        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Adjusted liquidity discount (as a percent)     20.00%  
Processa Pharmaceuticals, Inc | License agreement | Restricted shares | 2nd Year Anniversary of Effective Date        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Adjusted liquidity discount (as a percent)     25.00%