Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes In Stockholders??? (Deficiency) Equity

v3.21.2
Consolidated Statements of Changes In Stockholders’ (Deficiency) Equity - USD ($)
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Balance at Dec. 31, 2018 $ 104 $ 4,088,937 $ 313,548 $ (12,079,534) $ (7,676,945)
Balance (in Shares) at Dec. 31, 2018 1,046,471        
Beneficial conversion feature on convertible debt issued   250,839     250,839
Issuances of common stock for:          
Cash and services [1] $ 6 1,463,796 1,463,802
Cash and services (in Shares) [1] 64,657        
Satisfaction of accrued issuable equity and investor deposits $ 285 12,992,185     12,992,470
Satisfaction of accrued issuable equity and investor deposits (in Shares) 2,854,012        
Modification of stock award - related party   12,959,360     12,959,360
Shares issued in connection with reorganization $ 989 45,865,510     45,866,499
Shares issued in connection with reorganization (in Shares) 9,881,785        
Effect of reverse acquisition   (1,730,332)     (1,730,332)
Comprehensive loss:          
Net loss       (25,394,046) (25,394,046)
Other comprehensive loss     (160,745)   (160,745)
Balance at Dec. 31, 2019 $ 1,384 75,890,295 152,803 (37,473,580) 38,570,902
Balance (in Shares) at Dec. 31, 2019 13,846,925        
Common stock issued for cash $ 1 72,499     72,500
Common stock issued for cash (in Shares) 12,292        
Shares issued upon conversion of KBL debt $ 152 4,164,833     4,164,985
Shares issued upon conversion of KBL debt (in Shares) 1,519,628        
Shares issued upon conversion of 180 debt $ 48 2,117,270     2,117,318
Shares issued upon conversion of 180 debt (in Shares) 482,894        
Shares issued upon the conversion of the Series A convertible preferred stock $ 162 4,348,873     4,349,035
Shares issued upon the conversion of the Series A convertible preferred stock (in Shares) 1,619,144        
Shares issued upon exchange of common stock equivalents $ 153 (153)      
Shares issued upon exchange of common stock equivalents (in Shares) 1,521,157        
Beneficial conversion feature on convertible debt issued   329,300     329,300
Deemed dividend on Series A convertible preferred stock:          
Extinguishment loss   (565,659)     (565,659)
Make-whole dividend   (333,333)     (333,333)
Beneficial conversion feature   (223,710)     (223,710)
Stock based compensation:          
Common stock $ 24 1,057,965     1,057,989
Common stock (in Shares) 240,540        
Options   7,798     7,798
Effect of reverse recapitalization, net of cash acquired $ 693 (8,860,974)     (8,860,281)
Effect of reverse recapitalization, net of cash acquired (in Shares) 6,928,645        
Comprehensive loss:          
Net loss       (10,884,058) (10,884,058)
Other comprehensive loss     484,083   484,083
Balance at Dec. 31, 2020 $ 2,617 $ 78,005,004 $ 636,886 $ (48,357,638) $ 30,286,869
Balance (in Shares) at Dec. 31, 2020 26,171,225        
[1] Includes $1,130,656 of cash consideration.