Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future milestone payments are shown in the table below, converted to dollars from euros
Milestone Event   Percent
Milestone
Fees
    Amount  
90% of case report form pages monitored     5 %   $ 153,473  
PE analysis     5 %   $ 153,473  
Database is locked     10 %   $ 306,946  

Schedule of components of lease expense
  Year
ended
December 31,
2021
 
Components of total lease cost:      
Operating lease expense   $ 75,116  
Short-term lease expense    
 
Total lease cost   $ 75,116  

 

Schedule of supplemental cash flow information related to leases
  Year
ended
December 31,
2021
 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows for operating leases   $ 67,719  
         
Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets   $ 294,294  

Schedule of supplemental balance sheet information related to leases
  As of
December 31,
2021
 
Assets        
Lease right of use assets   $ 246,209  
Total lease assets   $ 246,209  
         
Liabilities        
Current liabilities:        
Lease liability - current portion   $ 49,585  
Noncurrent liabilities:        
Lease liability, net of current portion     207,375  
Total lease liability   $ 256,960  

 

Schedule of weighted-average remaining lease term
    As of
December 31,
2021
 
Weighted average remaining lease term (in years) - operating leases     4.08  
Weighted average discount rate - operating leases     9.00 %

 

Schedule of future lease payments included in the measurement of lease liabilities
Year ending December 31,   Operating Leases  
2022     70,202  
2023     72,687  
2024     75,231  
2025     77,864  
2026 and thereafter     6,508  
Total Minimum Lease Payments   $ 302,492  
Less effects of discounting     (45,532 )
Present value of future minimum lease payments   $ 256,960