Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Investment in Affiliated Company, Net - Schedule of Investment in Affiliated Company (Details)

v3.20.1
Investment in Affiliated Company, Net - Schedule of Investment in Affiliated Company (Details) - USD ($)
Dec. 31, 2019
Feb. 27, 2019
Dec. 31, 2018
[3]
Investments, All Other Investments [Abstract]      
Investment in affiliated company, net $ (447,621) [1] $ 1,345,180  
Non-current loans [2] 447,621    
Total Investment in affiliated company, net  
[1] The investment in affiliated company as follows: Investment in Affiliated Company As of the Closing Date $ 1,345,180 Less amortization of In-Process Research and Development asset (1,345,180) Less accumulated net losses (447,621) As of December 31, 2019 (447,621)
[2] As part of the Joint Venture Agreement, during the year ended December 31, 2019, the Company provided Breakthrough with an interest-free loan with no maturity date in total amount of $447,621. Following the reduction of the investment in affiliated company to zero amount, the Company considered to recognized additional losses to other investments (non-current loans) based on the seniority of such other investments and the percentage ownership interest applicable for such other investment.
[3] Representing an amount less than $1,000.