ROCHAL ASSET ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

SCHEDULE OF TOTAL PURCHASE PRICE

Description	Amount
Net cash consideration	$	496,100
Equity consideration (fair value)		584,244
Net liabilities assumed		3,900
Transaction costs		78,586
Total purchase consideration	$	1,162,830

SCHEDULE OF TOTAL PURCHASE CONSIDERATION FAIR VALUE OF SUCH ASSETS

The purchase consideration, plus transaction costs, was allocated to the individual assets according to their fair values as a percentage of the total fair value of the assets purchased, with no goodwill recognized. Based on the Company’s internal valuation performed, the total fair value of the net assets acquired was attributable to the intellectual property (i.e., patents) and assembled workforce. Due to the de minimis estimated fair value of furniture and equipment acquired, the Company did not allocate any amounts to such assets. The total purchase consideration was allocated based on the relative estimated fair value of such assets as follows:

Description	Amount		Percent of Total
Patents and Intellectual Property	$	1,099,801		94.6	%
Assembled Workforce		63,029		5.4	%
Total purchase consideration	$	1,162,830		100.0	%