Quarterly report pursuant to Section 13 or 15(d)

Systat Licensing Agreement (Details Textual)

v3.20.2
Systat Licensing Agreement (Details Textual) - Systat [Member]
$ in Thousands
1 Months Ended
Jun. 19, 2020
USD ($)
Amount of note assigned in transaction $ 3,000
Additional amount of note to be assigned in periodic installments for transaction $ 3,300
Consideration payable for the rights granted under the license (i) $1.3 million on the three month anniversary of the Closing Date; (ii) $1.0 million on the six month anniversary of the Closing Date; and (iii) $1.0 million on the nine month anniversary of the Closing Date. In addition, the cash consideration of $2.2 million was delivered on July 8, 2020.
Term of license grant 15 years
Total transaction purchase price $ 2,200
Cash portion of transaction purchase price $ 2,200