Quarterly report pursuant to Section 13 or 15(d)

Recent Developments, Liquidity and Management???s Plans (Details Narrative)

v3.21.2
Recent Developments, Liquidity and Management’s Plans (Details Narrative)
3 Months Ended 4 Months Ended 6 Months Ended
Apr. 16, 2021
USD ($)
shares
Apr. 16, 2021
USD ($)
shares
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Apr. 15, 2021
shares
Jun. 30, 2021
USD ($)
Integer
$ / shares
shares
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Mar. 23, 2020
Dec. 31, 2019
USD ($)
Dec. 29, 2019
USD ($)
Multiemployer Plan [Line Items]                          
Cash and Cash Equivalents, at Carrying Value     $ 2,127,372         $ 2,127,372   $ 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     3,298,637         3,298,637   1,801,729      
Amounts paid by related party               3,062,444        
Goodwill     10,498,539         $ 10,498,539        
Shares issued for acquistion | shares               8,335,627          
Debt Instrument, Convertible, Threshold Consecutive Trading Days | Integer               10          
Debt Instrument, Redemption, Description               Milestone Shares to be issued be deemed to be less than $5.00 per share          
Marketable Securities, Current     19,503,001         $ 19,503,001        
Loss Before Income Tax     18,092,336   $ 1,094,909     21,182,040 2,076,858        
Working capital     19,026,775         19,026,775          
Stockholder's equity     31,074,335 $ (8,346,738) (3,051,439) $ (2,664,780)   31,074,335 (3,051,439) (5,257,034)   $ (2,332,831.00) $ (1,726,363)
Accumulated deficit     69,854,565         69,854,565   $ 48,672,525      
Net cash used by operating activities               8,258,496 2,130,087        
Net loss     18,092,336 $ 3,089,704 $ 1,094,909 $ 981,949   21,182,040 2,076,858        
Decrease in trade and other payables               1,988,204 $ 454,951        
Share based compensation               $ (15,036,051)          
MyMD Pharmaceuticals (Florida), Inc [Member]                          
Multiemployer Plan [Line Items]                          
Shares issued for acquistion | shares 32,741,622                        
Restricted Stock Units (RSUs) [Member]                          
Multiemployer Plan [Line Items]                          
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]                          
Multiemployer Plan [Line Items]                          
Accounts Payable, Current     1,500,000         $ 1,500,000          
Premas [Member]                          
Multiemployer Plan [Line Items]                          
Accounts Payable, Current     300,000         300,000          
Contribution Agreement [Member]                          
Multiemployer Plan [Line Items]                          
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]                          
Multiemployer Plan [Line Items]                          
Due to related parties     $ 1,500,000         1,500,000          
Contribution Agreement [Member] | Pre-merger Akers Biosciences, Inc. [Member]                          
Multiemployer Plan [Line Items]                          
Amounts paid by related party               $ 1,200,000          
Merger Agreement [Member]                          
Multiemployer Plan [Line Items]                          
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]                          
Multiemployer Plan [Line Items]                          
Warrants to purchase | shares 986,486 986,486                      
Cystron Biotech LLC [Member] | Membership Interest Purchase Agreement [Member]                          
Multiemployer Plan [Line Items]                          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage                     100.00%    
MYMD Pharmaceuticals, Inc., [Member] | Merger Agreement [Member]                          
Multiemployer Plan [Line Items]                          
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]                          
Multiemployer Plan [Line Items]                          
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