Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Details Narrative)

v3.20.2
Commitments and Contingencies (Details Narrative)
9 Months Ended
Aug. 15, 2020
USD ($)
Dec. 13, 2019
USD ($)
$ / shares
shares
Aug. 07, 2019
Sep. 30, 2020
USD ($)
Sep. 30, 2020
EUR (€)
Sep. 30, 2020
EUR (€)
Dec. 31, 2019
USD ($)
Texas A&M University [Member]              
Agreement description       the Company entered into an agreement with TAMU for provision of in kind services of personnel, animal samples and laboratory equipment in exchange for a non-controlling interest of 7.5% in Volition Vet with an additional 5%, vesting in a year from the date of the agreement, giving TAMU in aggregate, a 12.5% equity interest the Company entered into an agreement with TAMU for provision of in kind services of personnel, animal samples and laboratory equipment in exchange for a non-controlling interest of 7.5% in Volition Vet with an additional 5%, vesting in a year from the date of the agreement, giving TAMU in aggregate, a 12.5% equity interest    
Operating Lease Right of Use Obligations [Member]              
Weighted average discount rate       4.48%   4.48%  
Weighted average remaining lease term       24 months 24 months    
Operating lease right-of-use assets and liabilities       $ 257,903     $ 266,101
Payment of lease liabilities       184,796      
Operating lease expense       185,077      
Short term lease costs       10,737      
Managing Director's Agreement [Member]              
Total long-term debt       211,028      
Stock based compensation expenses       753,000      
Amount payable       $ 229      
Royality       6.00% 6.00%    
Transaction agreement description       In connection with the transaction agreement, the Company also entered into a 2-year Managing Director’s agreement with the founder of Octamer to continue to manage Volition Germany for a payment of €288,000 Euros payable in equal monthly installments over such 2-year period and a royalty agreement with the founder providing for the payment of royalties in the amount of 6% of net sales of Volition Germany’s nucleosomes as reagents to pharmaceutical companies for use in the development, manufacture and screening of molecules for use as therapeutic drugs for a period of 5 years post-closing. In connection with the transaction agreement, the Company also entered into a 2-year Managing Director’s agreement with the founder of Octamer to continue to manage Volition Germany for a payment of €288,000 Euros payable in equal monthly installments over such 2-year period and a royalty agreement with the founder providing for the payment of royalties in the amount of 6% of net sales of Volition Germany’s nucleosomes as reagents to pharmaceutical companies for use in the development, manufacture and screening of molecules for use as therapeutic drugs for a period of 5 years post-closing.    
Due to related party       $ 277,794      
Novis Animal Solutions LLC [Member]              
sales commission 5.00%            
consultancy fees $ 20,000            
Potential Equity Interest 2.00%            
Novis Animal Solutions LLC [Member] | Consulting Services Agreement [Member]              
Potential Equity Interest     0.05%        
1 October 2020 [Member]              
Total Collaborative Agreement Obligations       1,960,000      
Total long-term debt       2,675,755      
Common stock, restricted shares issued in exchange of purchased outstanding shares, value   $ 333,969   73,263      
Common stock, restricted shares issued in exchange of purchased outstanding shares, shares | shares   73,263          
Weighted trading price | $ / shares   $ 4.56          
Repayment of debt   $ 350,000   $ 357,000      
Holdback period       9 months 9 months    
Net liabilities   $ 6,535         $ 55,404
Stock based compensation expenses       $ 165,464      
On September 16,2020[Member] | Bioinformatic Analytics Of Cell Free DNA [Member]              
Total long-term debt       64,338      
Repayment of long-term loan amount | €         € 54,879    
In 2019 [Member] | Taxes A&M University [Member]              
Total long-term debt       $ 329,986      
Repayment of long-term loan amount | €         € 400,000    
Loan agreement term       5 years 5 years    
In 2019 [Member] | Biomerica Inc. [Member]              
Total long-term debt       $ 54,663      
Repayment of long-term loan amount | €         € 160,000    
In 2019 [Member] | Namur Invest [Member] | Loan Agreement [Member] | Long-term Debt [Member]              
Total long-term debt       $ 2,596,172      
Repayment of long-term loan amount | €         € 500,000    
Loan agreement term       4 years 4 years    
Principal balance payable       $ 586,189      
Maturity date       Sep. 30, 2023 Sep. 30, 2023    
In 2018 [Member] | Long-term Debt [Member] | Namur Innovation and Growth [Member]              
Fixed interest rate on lease       4.00%   4.00%  
In 2018 [Member] | Loan Agreement [Member] | Long-term Debt [Member] | Namur Innovation and Growth [Member]              
Total long-term debt       $ 317,254      
Repayment of long-term loan amount | €         € 500,000    
Loan agreement term       4 years 4 years    
In 2017 [Member] | Namur Invest [Member] | Long-term Debt [Member]              
Fixed interest rate on lease       0.04%   0.04%  
In 2017 [Member] | Namur Invest [Member] | Loan Agreement [Member] | Long-term Debt [Member]              
Total long-term debt       $ 102,962      
Repayment of long-term loan amount | €         € 350,000    
Loan agreement term       4 years 4 years    
In 2017 [Member] | SOFINEX [Member] | Long-term Debt [Member]              
Fixed interest rate on lease       4.50%   4.50%  
In 2017 [Member] | SOFINEX [Member] | Loan Agreement [Member] | Long-term Debt [Member]              
Total long-term debt       $ 1,055,139      
Repayment of long-term loan amount | €         € 1,000,000    
Loan agreement term       7 years 7 years    
In 2017 [Member] | University of Michigan [Member] | Clinical Study Research Agreement [Member]              
Lease agreement expire period       3 years 3 years    
Collaborative obligations amount | €           € 3,000,000  
Collaborative obligations amount due       $ 138,000      
In 2017 [Member] | Munich University [Member] | Collaborative Research Agreement [Member]              
Lease agreement expire period       3 years 3 years    
Collaborative obligations amount | €           € 360,000  
Collaborative obligations amount due       $ 0      
In 2016 [Member] | Namur Invest [Member] | Long-term Debt [Member]              
Fixed interest rate on lease       4.85%   4.85%  
In 2016 [Member] | Namur Invest [Member] | Loan Agreement [Member] | Long-term Debt [Member]              
Total long-term debt       $ 284,741      
Repayment of long-term loan amount | €         € 440,000    
Loan agreement term       7 years 7 years    
In 2016 [Member] | ING [Member] | Long-term Debt [Member]              
Fixed interest rate on lease       2.62%   2.62%  
In 2016 [Member] | ING [Member] | Loan Agreement [Member] | Long-term Debt [Member]              
Total long-term debt       $ 249,887      
Repayment of long-term loan amount | €         € 270,000    
Loan agreement term       15 years 15 years    
In 2016 [Member] | DKFZ [Member] | Research Co-operation Agreement [Member]              
Lease agreement expire period       5 years 5 years    
Collaborative obligations amount | €           € 400,000  
Collaborative obligations amount due       $ 234,475      
In 2015 [Member] | Finance Lease Obligations [Member] | Automated Liquid Handling Robots [Member]              
Maturity date       May 31, 2020 May 31, 2020    
Amount payable       $ 0      
Purchase price for the property | €           550,454  
In 2018 [Member] | Finance Lease Obligations [Member] | BNP Paribas leasing solutions [Member]              
Maturity date       Jan. 31, 2022 Jan. 31, 2022    
Amount payable       $ 13,575      
Purchase price for the property | €           25,000  
Leased equipment amortized term       5 years 5 years    
In 2018 [Member] | Walloon Region Government [Member] | Colorectal Cancer Research Agreement [Member]              
Amount payable       $ 212,786      
Grant receivable | €           605,000  
Repayment of grants | €           181,500  
Terms of agreement description       it is due to pay a 3.53% royalty on such revenue to the Walloon Region. The maximum amount payable to the Walloon Region, in respect of the aggregate of the amount repayable of €181,500 Euros and the 3.53% royalty on revenue, is equal to the amount of funding received. it is due to pay a 3.53% royalty on such revenue to the Walloon Region. The maximum amount payable to the Walloon Region, in respect of the aggregate of the amount repayable of €181,500 Euros and the 3.53% royalty on revenue, is equal to the amount of funding received.    
Total grants repayable       $ 315,259      
In 2018 [Member] | University of Taiwan [Member] | Clinical Study Research Agreement [Member]              
Lease agreement expire period       3 years 3 years    
Collaborative obligations amount       $ 2,550,000      
Collaborative obligations amount due       $ 892,500      
In 2016 [Member] | Finance Lease Obligations [Member] | ING Asset Finance Belgium S.A. [Member]              
Maturity date       May 31, 2031 May 31, 2031    
Amount payable       $ 635,130      
Purchase price for the property | €           1,120,000  
In 2010 [Member] | Walloon Region Government [Member]              
Amount payable       $ 102,473      
Grant receivable | €           1,050,000  
Repayment of grants | €           314,406  
Terms of agreement description       it is due to pay a 6% royalty on such revenue to the Walloon Region. The maximum amount payable to the Walloon Region, in respect of the aggregate of the amount repayable of €314,406 Euros and the 6% royalty on revenue, is equal to twice the amount of funding received. it is due to pay a 6% royalty on such revenue to the Walloon Region. The maximum amount payable to the Walloon Region, in respect of the aggregate of the amount repayable of €314,406 Euros and the 6% royalty on revenue, is equal to twice the amount of funding received.    
In 2015 [Member] | DKFZ [Member] | Research Sponsorship Agreement [Member]              
Lease agreement expire period       3 years 3 years    
Collaborative obligations amount | €           € 338,984  
Collaborative obligations amount due       $ 87,928      
May 1, 2019 [Member] | Collaborative Arrangement, Co-promotion [Member]              
Collaborative obligations amount due       $ 160,000      
Research collaboration agreement description       the Company entered into a research collaboration agreement with the University of Taiwan for a 2-year period to collect a total of 1,200 samples for a cost to the Company of up to $320,000 payable over such period the Company entered into a research collaboration agreement with the University of Taiwan for a 2-year period to collect a total of 1,200 samples for a cost to the Company of up to $320,000 payable over such period