QSAM Biosciences, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

COMMITMENTS AND CONTINGENCIES (Details Narrative)

v3.21.2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Apr. 30, 2017	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2018
Loss Contingencies [Line Items]
Number of warrants				6,000
Warrants and Rights Outstanding, Term				5 years
Exercise price per share				$ 1.00
License Agreement [Member] \| QSAM Therapeutics Inc [Member]
Loss Contingencies [Line Items]
Payments for milestone	$ 60,000
Other Expenses	$ 150,000		$ 60,000
Equity Method Investment, Ownership Percentage	5.00%
Royalty percentage	4.50%
Consulting fee			8,500
Payment for license fees			60,000
License Agreement [Member] \| QSAM Therapeutics Inc [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Royalty percentage	50.00%
License Agreement [Member] \| QSAM Therapeutics Inc [Member] \| Upon Commercialization [Member]
Loss Contingencies [Line Items]
Other Expenses	$ 1,500,000
License Agreement [Member] \| QSAM Therapeutics Inc [Member] \| Drug Development Costs Paid to Service Providers [Member]
Loss Contingencies [Line Items]
Development Costs, Period Cost		$ 147,453	$ 221,407
Services Agreement [Member]
Loss Contingencies [Line Items]
Number of warrants				6,000
Warrants and Rights Outstanding, Term				5 years
Exercise price per share				$ 1.00

- Definition

Consulting fee.

+ References

No definition available.

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- Definition

Payment for license fees.

+ References

No definition available.

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- Definition

Payments for milestone.

+ References

No definition available.

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- Definition

Royalty percentage.

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- Definition

Exercise price per share or per unit of warrants or rights outstanding.

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-Section 50
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Number of warrants or rights outstanding.

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The capitalized costs incurred during the period (excluded from amortization) to obtain access to proved reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas.

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The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount of expense classified as other.

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Period between issuance and expiration of outstanding warrant and right embodying unconditional obligation requiring redemption by transferring asset at specified or determinable date or upon event certain to occur, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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