Commitments and Contingencies (Details Narrative) $ / shares in Units, $ in Thousands |
3 Months Ended | ||
---|---|---|---|
Feb. 23, 2018
$ / shares
shares
|
Mar. 31, 2018
USD ($)
Integer
shares
|
Dec. 31, 2017
USD ($)
|
|
Escrow deposit | $ | $ 2,500 | ||
Mr. Karkus [Member] | |||
Number of stock options granted to purchase common shares | shares | 2,300,000 | ||
Stock option exercise price per share | $ / shares | $ 3.00 | ||
Stock option vest and be exercisable, number of installments | Integer | 35 | ||
Stock option vested and exercisable, shares | shares | 63,888 | ||
Mr. Karkus [Member] | 2018 Stock Incentive Plan [Member] | |||
Stock option exercisable term | 5 years | ||
Mr. Karkus [Member] | One Month Installment [Member] | |||
Stock option vested and exercisable, shares | shares | 63,290 | ||
Mr. Karkus [Member] | Maximum [Member] | 2018 Stock Incentive Plan [Member] | |||
Number of shares authorized under plan | shares | 2,300,000 | ||
2015 Employment Agreements [Member] | Mr. Karkus [Member] | |||
Base salary | $ | $ 125 | ||
Employment agreement description | Pursuant to the terms of the Amended Employment Agreement, Mr. Karkus voluntarily agreed to reduce his base salary from the rate set forth in the 2015 Employment Agreement (i.e., not less than $675,000 per annum) to a base salary of $125,000 per annum (the Term Base Salary) through February 22, 2021. Unless otherwise determined by the mutual agreement of the Company and Mr. Karkus, on February 22, 2021 and thereafter, Mr. Karkus salary will increase from the Term Base Salary to not less than $675,000 per annum. | ||
2015 Employment Agreements [Member] | Mr. Karkus [Member] | Maximum [Member] | |||
Base salary | $ | $ 675 | ||
Mylan and Escrow Agent [Member] | Escrow Agreement [Member] | |||
Escrow deposit | $ | $ 5,000 | ||
Escrow receivable, description | If, on the 18th month anniversary of the closing date, there are funds remaining in the escrow account, then the escrow account will be reduced by the difference, if a positive number, of (i) $2.5 million minus (ii) the aggregate amount of all escrow claims asserted by Mylan prior to this date that have either been paid out of the escrow account or are pending as of such date, and, within two business days of such date, the Escrow Agent will disburse such difference, if a positive number, to us. Within two business days of the second anniversary of the closing date, the Escrow Agent will release any funds remaining in the escrow account to us minus any amounts being reserved for escrow claims asserted by Mylan prior to such date. Upon the resolution of any pending escrow claims, the Escrow Agent will, within two business days of receipt of joint instructions or a final order from a court (as described in the Escrow Agreement) disburse such reserved amount to the parties entitled to such funds. | ||
Agreement termination date | Mar. 29, 2022 |