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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (17,995,711) $ 1,283,241
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Amortization of intangible assets 172,032 172,032
Stock based compensation - restricted stock 384,454
Stock based compensation expense - stock options 4,004,718 2,340,533
Amortization of financing costs 56,740
Accretion of unearned loan discount 533,815 537,275
Accretion of loan premium 94,444
Amortization of operating lease, net (77)
Change in fair value of derivative liabilities (1,168,804) (8,279,919)
Changes in operating assets and liabilities:    
Other assets (191,480) 332,930
Accounts payable and accrued expenses 209,949 169,228
Other liabilities 774,167
Net cash used in operating activities (13,125,753) (3,444,680)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock 18,511,009 15,628,010
Payment of convertible debenture - related party (1,821,818)
Proceeds from convertible debenture - related party 436,000
Proceeds from exercise of warrants 516,551
Proceeds from note payable net of financing costs 14,609,915
Net cash provided by financing activities 33,120,924 14,758,743
Net increase in cash 19,995,171 11,314,063
Cash, beginning of period 4,511,642 37,195
Cash, end of period 24,506,813 11,351,258
SUPPLEMENTAL CASH FLOW INFORMATION:    
  Cash paid for interest 551,011 22,180
  Cash paid for taxes
   Deemed dividends - related party 53,598,320
   Right of use assets obtained in exchange for lease obligations $ 130,039