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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:        
Net loss $ (2,790,505) $ (908,289) $ (7,314,519) $ (4,159,000)
Adjustments to reconcile net loss to cash used in operating activities        
Change in fair value of warrant liability (1,969,922) (2,459,543) (2,245,891) (6,272,543)
Change in fair value of derivative liability 53,000 53,000
Stock-based compensation     1,446,162 4,342,498
Inducement expense 298,714
Amortization of right-of-use asset     68,910
Amortization of intangible assets 42,187 174,019 84,375 310,659
Depreciation expense 43,315 70,392
Change in operating assets and liabilities:        
Prepaid expenses and other current assets     (1,031,979) (190,757)
Accounts payable and accrued liabilities     (187,902) 486,274
Right-of-use operating lease liability     (76,686)
Net cash used in operating activities     (9,134,138) (5,184,155)
Cash Flows From Investing Activities:        
Purchases of property and equipment     (559,398)
Purchase of license agreement     (675,000)
Net cash used in investing activities     (559,398) (675,000)
Cash Flows From Financing Activities:        
Proceeds from sale of common stock and warrants, net of offering costs     9,397,884 21,614,488
Proceeds from the sale of redeemable non-controlling interest, net of offering costs (see Note 6)     958,038
Proceeds from warrant exercises     3,285,173
Net cash provided by financing activities     10,355,922 24,899,661
Effect of foreign exchange rate on cash     (9,434) (1,049)
Net increase in cash     652,952 19,039,457
Cash at beginning of period     17,355,999 1,578,460
Cash at end of period 18,008,951 $ 20,617,917 18,008,951 20,617,917
Supplemental disclosure of cash flow information:        
Cash paid for interest     4,806
Supplemental disclosure of non-cash investing and financing activities:        
Warrants issued in conjunction with common stock issuance     3,595,420
Issuance of embedded derivative     402,000
Issuance of redeemable non-controlling Series C preferred stock     527
Preferred dividends attributable to redeemable non-controlling interest (7,808)   7,808
Accretion of embedded derivative to redemption value $ (73,994)   $ 73,994