Quarterly report pursuant to Section 13 or 15(d)

ROYALTY LIABILITY (Tables)

v3.10.0.1
ROYALTY LIABILITY (Tables)
6 Months Ended
Jun. 30, 2018
Royalty Liability Tables Abstract  
Summary of maximum royalty amount described

Investment parameter   Per unit royalty per $100,000 Roll-on     Per unit royalty per $100,000 Oral     Per Unit royalty per $100,000 Prescription     Maximum Royalty Amount  
Less than $400,000   $ 0.00304348     $ 0.00304348     $ 0.00347826     8 times the subscription amount  
Greater than $400,000   $ 0.00391304     $ 0.00391304     $ 0.00608696     12 times the subscription amount  

Schedule of subscribers affiliated investment amount

Affiliated Investment Amount Royalty Term End Date Max Royalty Multiple
At least But less than   (of investment amount)
$25,000 $50,000 12/31/2023 4.00
$50,000 $100,000 12/31/2023 5.00
$100,000 $150,000 12/31/2023 6.00
$150,000 $200,000 12/31/2023 7.00
$200,000 $250,000 9/30/2024 8.00
$250,000 $300,000 9/30/2024 9.00
$300,000 $350,000 9/30/2024 10.00
$350,000 $400,000 9/30/2024 11.00
$400,000 $500,000 9/30/2024 12.00
$500,000 $600,000 3/31/2025 12.25
$600,000 $700,000 3/31/2025 12.50
$700,000 $800,000 3/31/2025 12.75
$800,000 $900,000 3/31/2025 13.00
$900,000 $1,000,000 3/31/2025 13.25
$1,000,000 $1,200,000 9/30/2025 13.50
$1,200,000 $1,400,000 9/30/2025 13.75
$1,400,000 $1,600,000 3/31/2026 14.00
$1,600,000 $1,800,000 3/31/2026 14.25
$1,800,000 $2,000,000 9/30/2026 14.50
$2,000,000   9/30/2026 15.00