v3.22.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Expenses:        
Research and development $ 446,358 $ 246,613 $ 1,105,297 $ 372,744
Research and development - related parties 57,336 747,883 105,054 988,704
General and administrative 4,018,154 2,678,231 6,987,305 5,220,462
General and administrative - related parties 340,442 5,261 379,562
Total Operating Expenses 4,521,848 4,013,169 8,202,917 6,961,472
Loss From Operations (4,521,848) (4,013,169) (8,202,917) (6,961,472)
Other Income (Expense):        
(Loss) gain on settlement of liabilities (268,743) 455,021
Interest expense (7,355) (12,246) (14,769) (125,179)
Interest (expense) income – related parties (1,531) (14,129) 3,031 (28,078)
Loss on extinguishment of convertible notes payable, net (9,737)
Change in fair value of derivative liabilities 7,487,538 (19,156,420) 12,717,652 (32,385,728)
Change in fair value of accrued issuable equity (17,520)   (9,405)
Offering costs allocated to warrant liabilities (604,118)
Total Other Income (Expense), Net 7,461,132 (19,451,538) 12,705,914 (32,707,224)
Income (Loss) Before Income Taxes 2,939,284 (23,464,707) 4,502,997 (39,668,696)
Income tax benefit 5,571 10,975
Net Income (Loss) 2,939,284 (23,459,136) 4,502,997 (39,657,721)
Other Comprehensive (Loss) Income:        
Foreign currency translation adjustments (1,908,051) 406,487 (2,636,132) 595,835
Total Comprehensive Income (Loss) $ 1,031,233 $ (23,052,649) $ 1,866,865 $ (39,061,886)
Basic and Diluted Net Income (Loss)per Common Share        
Basic (in Dollars per share) $ 0.09 $ (0.75) $ 0.13 $ (1.33)
Diluted (in Dollars per share) $ 0.09 $ (0.75) $ 0.13 $ (1.33)
Weighted Average Number of Common Shares Outstanding:        
Basic (in Shares) 34,112,566 31,459,199 34,086,392 29,597,488
Diluted (in Shares) 34,112,566 31,459,199 34,086,392 29,597,488

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