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Consolidated Statements of Operations and Other Comprehensive (Loss) Income - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue $ 626,867 $ 0
Operating expenses    
Consulting fees 1,243,294 298,077
Consulting fees – related parties 188,718 124,800
General and administrative 16,900,582 1,784,766
Settlement of lighting patent purchase 1,331,814 0
Loss on operating lease right-of-use asset - lease abandonment 0 146,795
Loss on lease termination 0 53,692
Loss on disposal of property and equipment 0 135,600
Total operating expenses 19,664,408 2,543,730
Loss from operations (19,037,541) (2,543,730)
Other income (expense)    
Gain on derecognition of debt and accrued interest 0 21,179,043
Interest expense (428,249) (3,233,421)
Interest expense – related parties (418,500) (443,437)
Interest income 504 6,400
Change in fair value of patent acquisition liability 971,500 (660,000)
Foreign exchange loss (27,726) (55,210)
Other income, net 97,529 16,793,375
(Loss) income before income taxes (18,940,012) 14,249,645
Income tax benefit (36,356) 0
Net (loss) income (18,903,656) 14,249,645
Other comprehensive loss - Foreign currency translation (33,921) 0
Comprehensive (loss) income $ (18,937,577) $ 14,249,645
Net (Loss) Income Per Share:    
Basic (in dollars per share) $ (0.45) $ 0.52
Diluted (in dollars per share) $ (0.45) $ 0.45
Weighted Average Number of Shares Outstanding    
Basic (in shares) 42,417,416 27,264,072
Diluted (in shares) 42,417,416 32,732,510