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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 39,505,627 $ 8,038,845
Short-term marketable debt securities 32,609,108 0
Other receivables 217,129 148,774
Prepaid expenses 4,179,468 1,449,096
Total current assets 76,511,332 9,636,715
Non-current assets    
Operating lease right-of-use assets 282,580 0
Property and equipment, net 49,389 45,739
Total non-current assets 331,969 45,739
Total assets 76,843,301 9,682,454
Current liabilities    
Trade and other payables 254,972 1,569,290
Short-term portion of operating lease liabilities 153,629 0
Short-term loans 0 15,000,000
Accrued expenses and other current liabilities 7,256,845 4,518,311
Total current liabilities 7,665,446 21,087,601
Non-current liabilities    
Long-term portion operating lease liability 128,951 0
Pension liability 282,206 239,860
Total non-current liabilities 411,157 239,860
Total liabilities 8,076,603 21,327,461
Commitments and contingencies (Note 16)
Equity (deficit)    
Treasury Shares, 1,942,837 as of December 31, 2021 0 (6,202)
Additional paid-in capital 129,192,291 42,061,984
Accumulated deficit (80,650,212) (53,643,615)
Accumulated other comprehensive income (loss) 350,946 (168,177)
Total shareholders’ equity (deficit) 48,898,296 (11,645,007)
Noncontrolling interests 19,868,402 0
Total equity (deficit) 68,766,698 (11,645,007)
Total liabilities and equity (deficit)   9,682,454
Series A Preferred Shares    
Equity (deficit)    
Series A Preferred Shares, CHF 0.10 par value; 22,880,908 authorized; 22,880,908 shares issued and outstanding as of December 31, 2021 (liquidation preference of $33.4 million); 0 72,466
Common Shares    
Equity (deficit)    
Common Shares 0 38,537
Class A Ordinary Shares    
Equity (deficit)    
Common Shares 3,898 0
Class C Ordinary Shares    
Equity (deficit)    
Common Shares $ 1,373 $ 0