Recent Developments, Liquidity and Management’s Plans (Details Narrative) |
3 Months Ended | 4 Months Ended | 9 Months Ended | ||||||||||||
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Apr. 16, 2021
USD ($)
shares
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Apr. 16, 2021
USD ($)
shares
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Sep. 30, 2021
USD ($)
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Jun. 30, 2021
USD ($)
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Mar. 31, 2021
USD ($)
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Sep. 30, 2020
USD ($)
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Jun. 30, 2020
USD ($)
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Mar. 31, 2020
USD ($)
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Apr. 15, 2021
shares
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Sep. 30, 2021
USD ($)
d
$ / shares
shares
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Sep. 30, 2020
USD ($)
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Dec. 31, 2020
USD ($)
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Mar. 23, 2020 |
Dec. 31, 2019
USD ($)
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Nov. 30, 2019
USD ($)
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Cash and Cash Equivalents, at Carrying Value | $ 1,375,014 | $ 1,375,014 | $ 148,284 | ||||||||||||
[custom:DescriptionOfContributionTransaction] | cause Cystron to contribute substantially all of the assets associated with its business or developing and manufacturing Cystron’s COVID-19 vaccine candidate to Oravax. In consideration for the Company’s commitment to consummate the Contribution Transaction, Oravax issued to the Company | ||||||||||||||
Royalty payments, percentage | 0.025 | ||||||||||||||
Accounts Payable, Current | 2,053,542 | 2,053,542 | 1,801,729 | ||||||||||||
Amounts paid by related party | 3,062,444 | ||||||||||||||
Goodwill | 10,498,539 | $ 10,498,539 | |||||||||||||
Debt Instrument, Convertible, Threshold Consecutive Trading Days | d | 10 | ||||||||||||||
Debt Instrument, Redemption, Description | Milestone Shares to be issued be deemed to be less than $5.00 per share | ||||||||||||||
Marketable Securities, Current | 14,002,767 | $ 14,002,767 | |||||||||||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 5,467,281 | $ 3,122,900 | 26,649,321 | 5,199,758 | |||||||||||
[custom:WorkingCapital-0] | 13,855,132 | 13,855,132 | |||||||||||||
Stockholders' Equity Attributable to Parent | 25,891,924 | $ 31,074,335 | $ (8,346,738) | (3,765,816) | $ (3,051,439) | $ (2,664,780) | 25,891,924 | (3,765,816) | (5,257,034) | $ (2,332,831.00) | $ (1,726,363) | ||||
Retained Earnings (Accumulated Deficit) | 75,321,846 | 75,321,846 | $ 48,672,525 | ||||||||||||
Net Cash Provided by (Used in) Operating Activities | 14,704,008 | 3,415,364 | |||||||||||||
Net Income (Loss) Attributable to Parent | 5,467,281 | $ 18,092,336 | $ 3,089,704 | $ 3,122,900 | $ 1,094,909 | $ 981,949 | 26,649,321 | 5,199,758 | |||||||
Increase (Decrease) in Accounts Payable, Trade | 3,233,299 | $ 26,142 | |||||||||||||
Share-based Payment Arrangement, Noncash Expense | $ 15,036,051 | ||||||||||||||
MyMD Pharmaceuticals (Florida), Inc [Member] | |||||||||||||||
Shares issued for acquistion | shares | 32,741,622 | ||||||||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||||||
Shares vested | shares | 394,680 | 263,026 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 4.94 | ||||||||||||||
Oravax [Member] | |||||||||||||||
Accounts Payable, Current | 1,500,000 | $ 1,500,000 | |||||||||||||
Premas [Member] | |||||||||||||||
Accounts Payable, Current | 300,000 | 300,000 | |||||||||||||
Contribution Agreement [Member] | |||||||||||||||
Cash and Cash Equivalents, at Carrying Value | $ 1,500,000 | $ 1,500,000 | |||||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | shares | 390,000 | 390,000 | |||||||||||||
Contribution Agreement [Member] | Premas Biotech PVT Ltd. [Member] | |||||||||||||||
Due to related parties | $ 1,500,000 | 1,500,000 | |||||||||||||
Contribution Agreement [Member] | Pre-merger Akers Biosciences, Inc. [Member] | |||||||||||||||
Amounts paid by related party | $ 1,200,000 | ||||||||||||||
Merger Agreement [Member] | |||||||||||||||
Issuance of post reverse stock split | shares | 28,553,307 | ||||||||||||||
Exchange ratio percentage | 77.05% | ||||||||||||||
Percentage of common stock | 49.68% | 49.68% | |||||||||||||
Merger Agreement [Member] | Pre-funded Warrants [Member] | |||||||||||||||
Warrants to purchase | shares | 986,486 | 986,486 | |||||||||||||
Cystron Biotech LLC [Member] | Membership Interest Purchase Agreement [Member] | |||||||||||||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage | 100.00% | ||||||||||||||
MYMD Pharmaceuticals, Inc., [Member] | Merger Agreement [Member] | |||||||||||||||
Business acquisition description | Upon completion of the Merger and the transactions contemplated in the Merger Agreement, the Company issued 28,553,307 post reverse stock split shares of Company Common Stock to the former stakeholders of pre-Merger MyMD Florida at the Exchange Ratio. Upon completion of the Merger and the transactions contemplated in the Merger Agreement, the former stakeholders of pre-Merger MyMD Florida held approximately 77.05% of the Company’s Common Stock outstanding on a fully diluted basis, assuming the exercise in full of the pre-funded warrants to purchase 986,486 shares of Company Common Stock and including 4,188,315 shares of Company Common Stock underlying options to purchase shares of pre-Merger MyMD Florida Common Stock assumed by the company at closing and after adjustments based on the Company’s net cash at closing. Holders of pre-Merger common stock of the Company held approximately 22.95% of the outstanding equity of the Company. Also upon completion of the Merger and the transactions contemplated by the Merger Agreement, the Company assumed 4,188,315 MyMD Florida stock options subject to certain terms contained in the Merger Agreement (including, but not limited to, the amendment of such stock option to extend the term of such stock option for a period expiring on April 16, 2023, the second-year anniversary of the Merger. | ||||||||||||||
Akers Biosciences, Inc [Member] | |||||||||||||||
Business acquisition description | Akers’ valuation is based upon 8,335,627 common shares outstanding and 263,026 vested restricted stock units (“RSU’) with a fair market value of $4.94 per share, the closing price of Akers common shares on the NASDAQ Stock Exchange on April 16, 2021. | ||||||||||||||
Goodwill | $ 10,498,539 | $ 10,498,539 | |||||||||||||
Pre market capitalization | 42,477,346 | 42,477,346 | |||||||||||||
Tangible asset | $ 31,978,807 | $ 31,978,807 | |||||||||||||
Shares issued for acquistion | shares | 8,335,627 |
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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