v3.26.1
Asset Purchase Agreement (Tables)
3 Months Ended
Mar. 31, 2026
Asset Purchase Agreement [Abstract]  
Schedule of Development Milestones
Development Milestones       Milestone
payment
First Patient Dosed in Phase 2 Initiated with Frunexian or EP-7327   $500,000 per compound
First Patient Dosed in Phase 1 Initiated with EP-7327 $500,000 per compound
First Patient Dosed in Phase 3 Initiated with Frunexian or EP-7327   $1,000,000 per compound
FDA Approval of New Drug Application for Frunexian or EP-7327   $6,000,000 per compound
Development Milestones  Milestone
payment
 
First Patient Dosed in the First Clinical Trial with CAD-1005   $2,000,000 
First regulatory filing approval to market a pharmaceutical product for human use containing a Compound that is covered by a patent owned or licensed by Veralox (the “Product”) in the United States      $8,000,000 
First regulatory filing approval to market a Product outside the United States   $2,000,000 
Regulatory filing approval to market a Product for a subsequent indication in the United States   $2,000,000 
Regulatory filing approval to market a Product for a subsequent indication outside the United States   $1,000,000 
Schedule of Initial Purchase Price of the Assets Acquired The following table summarizes the initial purchase price of the assets acquired:
In process research and development  $50,000 
Transaction costs   151,216 
Total     $201,216 
The following table summarizes the initial purchase price of the assets acquired:
In process research and development  $200,000 
Transaction costs   131,797 
Total  $331,797