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RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
SCHEDULE OF RELATED PARTY LICENSE AGREEMENT

 

Milestones  Transaction Value   Actions
        
Tranche 1  $1,000,000   Upon the earlier to occur of: (i) the Company receiving an investment of at least $20 million, and (ii) the uplisting of the Company’s common stock to any NASDAQ market or the New York Stock Exchange.
         
Tranche 2  $2,000,000   Upon approval by the United States Food and Drug Administration of the Company’s 505(b)2 application for purposes of treating PD.
         
Tranche 3  $2,000,000   Upon first patient in (“FPI”) for any clinical trial supporting the use of AL-101 for the treatment of PD or ED.
         
Tranche 4  $2,500,000   Upon FPI for phase 2 clinical trials supporting the use of AL-101 to treat FSD.
         
Tranche 5  $2,500,000   Upon FPI for phase 3 clinical trials supporting the use of AL-101 to treat FSD
         
Tranche 6  $10,000,000   Upon Marketing approval for the use of AL-101 to treat PD.
         
Tranche 7  $10,000,000   Upon Marketing approval for the use of AL-101 to treat ED.
         
Tranche 8  $10,000,000   Upon Marketing approval for the use of AL-101 to treat FSD
         
Tranche 9  $10,000,000   Upon the earlier of: (i) the Company entering into a licensing agreement with a third party for the use of AL-101 for the treatment of PD, ED or FSD with an aggregate licensing value of at least $50 million; and (ii) the Company’s gross revenue derived from sales of AL-101 for the treatment of PD, ED or FSD reaches at least $50.0 million.