v3.26.1
Asset Purchase Agreement (Tables)
6 Months Ended
Jun. 30, 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