Commitments (Details Narrative) - USD ($) $ in Thousands |
12 Months Ended | |
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Dec. 31, 2020 |
Dec. 31, 2019 |
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License Agreement | ||
Royalty expenses | $ 10 | $ 10 |
Technical Service and Training Agreements | ||
Technical research services fees payable in future | 10 | 10 |
Software License Agreement | ||
Royalty expenses | $ 10 | $ 10 |
Cardiac EP Business Participation Plan Agreements | ||
Initial participation interest | 6.60% | |
Revised participation interest | 0.29% | |
Termination date | Jun. 30, 2025 | |
Key Personnel Incentive Program | ||
Description of participants | Two participants, one a consultant to the Company and a former non-employee director of the Company, and the other a former employee of the Company. | |
Payment in the event of a sale of the company | $ 1,000 | |
Description of sale of company transaction | One of the participants will be entitled to receive a payment equal to $700,000 in the event the net proceeds from a sale of the Company exceeds $50,000,000. If a sale of the Company has not occurred by December 31, 2025, KPIP will terminate. |
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- Definition It refers to the description of sale of company. No definition available.
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- Definition It refers to the percentage of initial participation interest. No definition available.
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- Definition Amount of payment from sale of company during the given period. No definition available.
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- Definition It refers to the percentage of revised participation interest. No definition available.
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- Definition Date when the plan will terminate, in CCYY-MM-DD format. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of terms of share-based payment arrangement. Includes, but is not limited to, type of award or grantee and reason for issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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