Annual report pursuant to Section 13 and 15(d)

9. Commitments and Contingencies (Details)

v3.7.0.1
9. Commitments and Contingencies (Details)
Dec. 31, 2016
USD ($)
Future minimum operating lease commitment, 2017 $ 4,000 [1]
Future minimum operating lease commitment, 2018 0
Future minimum operating lease commitment, 2019 0
Future minimum operating lease commitment, 2020 0
Future minimum operating lease commitment, 2021 0
Future minimum operating lease commitment 4,000 [1]
License Agreements [Member]  
Other commitment, 2017 187,500
Other commitment, 2018 187,500
Other commitment, 2019 187,500
Other commitment, 2020 187,500
Other commitment, 2021 187,500
Other commitment 937,500 [2]
Compensation Agreements [Member]  
Other commitment, 2017 536,300
Other commitment, 2018 598,400
Other commitment, 2019 149,600
Other commitment, 2020 0
Other commitment, 2021 0
Other commitment $ 1,284,300 [3]
[1] Consists of rent for the Company's Santa Barbara Hollister office expiring on May 31, 2017.
[2] Consists of license maintenance fees to Temple University in the amount of $187,500 paid annually through the life of the underlying patents or until otherwise terminated by either party.
[3] Consists of base salary and certain contractually-provided benefits, to i) an executive officer, pursuant to an employment agreement at a base annual salary of $290,000 through March 31, 2017 and severance in the amount of $580,000 that will be paid through March 31, 2019 pursuant to a separation agreement effective April 1, 2017; ii) an executive officer, pursuant to a two-year employment agreement effective April 1, 2017 at a base annual salary of $150,000 per year under a two-year contract effective April 1, 2017; iii) an executive officer, pursuant to an employment agreement at a base annual salary of $158,400 per year; and iv) and a severance agreement of a former officer in the amount of $15,000.