Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.21.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Schedule of Royalty Percentage of Revenue

On a quarterly basis, the Company remitted a royalty percentage (see table below) of company revenues less the retainer amounts.

 

Revenues   Royalty Percentage  
$0 - $25,000,000     3 %
$25,000,000 - $50,000,000     2 %
$50,000,000 - $100,000,000     1 %
Over $100,000,001     0.5 %