XML 62 R47.htm IDEA: XBRL DOCUMENT v3.21.2
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Feb. 06, 2021
Jul. 09, 2019
Jan. 31, 2021
Jan. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Nov. 15, 2019
Net Investment Income [Line Items]              
Research and development expenses         $ 15,538,122 $ 4,694,349  
Up-front payment         10,000,000   $ 10,000,000
Payment for expenditures         $ 760,000   $ 760,000
Common stock received         185,053    
Common stock issued         59,835    
Common stock reserved for issuance         17,414 82,237  
Compensation description         The Company had an agreement with Dr. Dybul, the Company’s Executive Vice-Chair, whereby he fulfilled the duties as prescribed by the Company’s bylaws and received annual compensation in the amount of $430,000, plus options to purchase 300,000 shares of Common Stock that vested immediately. Dr. Dybul was given a one-time grant of options to purchase 450,000 shares of Common Stock at a strike price of $8.00 per share on June 11, 2020. As of July 1, 2021, this agreement was terminated upon Dr. Dybul becoming the Company’s full-time CEO (see Note 10.) The Company has a consulting agreement for services of a Senior Medical Advisor for $210,000 per year on a part-time basis.    
G-Tech [Member] | License Agreement [Member]              
Net Investment Income [Line Items]              
Payment for license $ 1,200,000     $ 1,200,000      
Royalty Percentage     $ 0.02        
Consulting Agreement [Member] | G-Tech [Member]              
Net Investment Income [Line Items]              
Consulting expenses   $ 130,000          
Monthly consulting fee         $ 25,000    
Research and development expenses         275,000 $ 1,125,000  
Monthly research costs         144,500    
Payment for scientific staffing resources         $ 2,409,000 $ 1,022,000