6-K

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the period ended June 30, 2022

Commission File Number: 001-12033

Nymox Pharmaceutical Corporation

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒     Form 40-F ☐

Indicate by check mark if the registrant is submitting Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(l): ☐

Indicate by check mark if the registrant is submitting Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby

furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐     No ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____________

Exhibits
99.1	Quarterly Report for the Quarter ended June 30, 2022
99.2	CEO Certifications
99.3	CFO Certifications

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NYMOX PHARMACEUTICAL CORPORATION
	(Registrant)
Date: August 15, 2022	By:	/s/ Paul Averback, MD
		Paul Averback, MD
		President and Chief Executive Officer

3

EX-99.1

EXHIBIT 99.1

MANAGEMENT'S DISCUSSION AND ANALYSIS

(in US dollars)

This is Management’s discussion and analysis (“MD&A”) comments on the Corporation’s operations, performance and financial condition as of and for the three and six months ended June 30, 2022 and 2021. This MD&A should be read together with the unaudited condensed interim Consolidated Financial Statements and the related notes. This MD&A is dated August 12, 2022. All amounts in this report are in U.S. dollars, unless otherwise noted.

Except as otherwise indicated, all financial information contained in this MD&A and in the unaudited condensed interim Consolidated Financial Statements has been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The unaudited condensed interim Consolidated Financial Statements and this MD&A were reviewed by the Corporation’s Audit Committee and were approved by our Board of Directors.

Additional information about the Corporation can be obtained on EDGAR at www.sec.gov or on SEDAR at www.sedar.com.

Overview

Corporate Profile

Nymox Pharmaceutical Corporation is a biopharmaceutical company focused on developing its drug candidate, NX-1207, for the treatment of BPH and the treatment of low-grade localized prostate cancer. Since 1989, the Corporation’s activities and resources have been directed primarily on developing certain pharmaceutical technologies. Since 2002, Nymox has been developing its novel proprietary drug candidate, NX-1207, for the treatment of benign prostatic hyperplasia (“BPH”). NX-1207 showed positive results for the treatment of BPH in Phase 1 and 2 clinical trials in the U.S. and in follow-up studies of available subjects from the completed clinical trials. In 2009, Nymox started two pivotal double blind placebo controlled Phase 3 trials for NX-1207, NX02-0017 and NX02-0018, that were conducted at investigational sites across the U.S. with a total enrollment of approximately 1,000 patients. Nymox also initiated subsequent open-label U.S. re-injection Phase 3 safety studies, NX02-0020 and NX02-0022. The NX02-0017 study completed patient enrollment and participation in December 2013 and the NX02-0018 study in May 2014. Top-line results of the Phase 3 NX02-0017 and NX02-0018 U.S. clinical trials of NX-1207 for BPH at 12 months post-treatment were not statistically significant compared to placebo.

The Corporation is in the process of further data analysis and assessments of the two studies, and expects to continue its efforts to work on the development program. Nymox is also developing NX-1207 for the treatment of low-grade localized prostate cancer. A Phase 2 study of NX-1207 for low grade localized prostate cancer was started in 2012 with positive results reported in 2014. The Corporation is in the process of working towards definitive studies for this indication. The Corporation also has an extensive patent portfolio covering its marketed products, its investigational drug as well as other therapeutic and diagnostic indications. Nymox developed the AlzheimAlert™ test, which is certified with a CE Mark in Europe. Nymox developed and markets NicAlert™ and TobacAlert™; which are tests that use urine or saliva to detect use of and exposure to tobacco products. NicAlert™ has received clearance from the FDA and is also certified with a CE Markin Europe. TobacAlert™ is the first test of its kind to accurately measure second and third hand smoke exposure in individuals.

In order to achieve its business plan and the realization of its assets and liabilities in the normal course of operations, the Corporation anticipates the need to raise additional debt or capital in the near term and/or achieve sales and other revenue-generating activities. Management has taken steps to reduce expenditures going forward in the short term by staff reductions, deferral of management salaries, and operational changes.

1

The top-line failure of the two Phase 3 studies of NX-1207 for BPH materially affects the Corporation’s current ability to fund its operations, meet its cash flow requirements, realize its assets and discharge its obligations. Management believes that current cash balances as of June 30, 2022 and planed financing will be sufficient to meet the Company’s cash needs for the next 12 months.

We have incurred operating losses throughout our history. Management believes that such operating losses will continue for at least the next few years as a result of expenditures relating to research and development of our potential therapeutic products.

On July 27, 2015 Nymox announced initial clinical results from its ongoing analysis and assessment of its Phase 3 development program in BPH. The Company announced that the U.S. long-term extension prospective double-blind Phase 3 BPH studies NX02-0017 and NX02-0018 of fexapotide triflutate (NX-1207) for BPH had successfully met the pre-specified primary endpoint of long-term symptomatic statistically significant benefit superior to placebo. Fexapotide showed an excellent safety profile with no evidence of drug-related short-term or long-term toxicity nor any significant related molecular side effects in the 2 studies. As a result of the clinical benefits observed in the long-term extension trial, the Company announced that it intends to meet with regulatory authorities in various jurisdictions around the world and in due course explore the possibility to proceed to file for approval where possible.

On May 23,2022, the company reported that it received a Refusal to File (“RTF”) letter from FDA on May 20^th, with regard to the company’s New Drug Appication(“NDA”) for Fexapotide Triflutate. The letter referred to a new outstanding issue of longer-term safety data and indicated that Nymox needed to have longer-term safety data in its NDA. Nymox’s position is that clarifications remain to be resolved at a follow-up meeting and that some significant inconsistencies were involved.

COVID-19 pandemic impact

As is generally and clearly understood, the COVID-19 pandemic has had and continues to have a major slowdown effect on worldwide business activity. Although the Company does not anticipate any fundamental change in its business plans, management does expect some degree of unavoidable slowdown due to the Company’s inherent reliance on business activities from multiple external partners, supply chains, and participation of organizations outside our control. Due to the downstream effect of these factors, it is not possible at this time to expect or to provide exact timelines for key corporate forward events. The Company cannot predict or comment on behalf of third parties (such as vendors, suppliers, partners, collaborators, etc) and their restrictions and challenges in the current business environment. However, the Company will give all relevant updates in a timely fashion.

Nymox works with and relies upon contract research organizations (CROs); the Company relies on external manufacturing activities (such as raw material suppliers; contract manufacturing vendors; specialized laboratory testing service providers); and works with other service providers in the life sciences and biotechnology sectors; any of the preceding which alone or in combination may lead to unanticipated delays in the Company's activities and projected timelines for milestones. In addition, Nymox relies on travel for many of its essential business activities, such as quality assurance and other undertakings, which are restricted during the current disruption. At this time there have been no material changes to any of the fundamental conclusions of our scientific research documentation and no material changes in past results in the reportable financial, or other business related disclosures. These COVID-19 related business effects and risks described above are additional to prior statements by the Company in regard to other risk factors that have been outlined in past SEC filings by the Company and are updated where and when appropriate.

Forward Looking Statements

Certain statements included in this MD&A may constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995and Canadian securities legislation and regulations, and are subject to important risks, uncertainties and assumptions. This forward-looking information includes amongst others, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe” or “continue” or the negatives of these terms or variations of them or similar terminology. We refer you to the Corporation’s filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, as well as the “Risk Factors” section of this MD&A, and of our Form 20-F, for a discussion of the various factors that may affect the Corporation’s future results. The results or events predicted in such forward-looking information may differ materially from actual results or events.

2

Differences between Bahamas and NASDAQ Corporate Governance Practices

Nymox Pharmaceutical Corporation is subject to corporate governance requirements imposed by NASDAQ because Nymox Pharmaceutical’s Shares are listed on the Nasdaq Capital Market.

Nymox Pharmaceutical Corporation is incorporated in the Bahamas. Under NASDAQ Marketplace Rule 5615(a)(3), NASDAQ listed non-US companies may, in general, follow their home country corporate governance practices in lieu of certain NASDAQ corporate governance requirements. A NASDAQ listed non- U.S. company is required to provide a general summary of the significant differences between its home country corporate governance practices and NASDAQ corporate governance requirements to its shareholders, either in the company’s annual report filed on Form 20-F or on the company’s website. Nymox is committed to a high standard of corporate governance. As such, Nymox endeavors to comply with most of the NASDAQ corporate governance practices, with the following exceptions. Under NASDAQ Marketplace Rule 5635(c), shareholders must be given the opportunity to vote on any material amendment to the terms of a company’s equity compensation plan (i.e., an amendment to the plan to include repricing provisions). There is no requirement under Bahamas law that equity compensation plan, or any material amendment thereto, be subject to shareholder approval. Nymox will continue to follow the Bahamas practice and require any material amendment to the terms of its plan to be subject only to approval by its board of directors.

Also under NASDAQ Marketplace Rule 5635(d), shareholders must be given the opportunity to vote prior to the issuance of securities in connection with a transaction other than a public offering involving: (1) the sale, issuance or potential issuance by the Company of common stock (or securities convertible into or exercisable for common stock) at a price less than the greater of book or market value which together with sales by officers, directors or substantial shareholders of the Company equals 20% or more of common stock or 20% or more of the voting power outstanding before the issuance; or (2) the sale, issuance or potential issuance by the Company of common stock (or securities convertible into or exercisable common stock) equal to 20% or more of the common stock or 20% or more of the voting power outstanding before the issuance for less than the greater of book or market value of the stock. There is no requirement under Bahamas law that stock issuances pursuant to private placements be subject to shareholder approval. Nymox will continue to follow the Bahamas practice and require private placement transactions to be subject only to approval by its board of directors.

Results of Operations

Six Months Ended June 30	2022			2021
Total revenues	$	-		$	-
Net loss	$	(3,745,791	)	$	(6,429,573	)
Loss per share (basic & diluted)	$	(0.04	)	$	(0.08	)

Results of Operations - the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021

Net incomes were $1,340,567, or $0.01 per share, for the quarter, and net losses were$3,745,791, or $0.04 per share, for the six months ended June 30, 2022, compared to net losses $3,990,108, or $0.05 per share, for the quarter, and $6,429,573, or $0.08 per share, for the six months ended June 30, 2021. The $2,683,782 decrease in net losses for the six months ended June 30, 2022 compared to the same period in 2021 is due to an increase of $1,651,071 in R&D expense offset with a decrease of $1,212,701 in G&A expense and an increase of $3,117,218 in other income related to NDA application fee refund . The $5,330,675 decrease in net losses for the quarter ended June 30, 2022 compared to same period in 2021 is mainly due to a decrease of $1,257,773 in R&D expense, a decrease of $ 949, 041 in G&A expense and an increase of $3,117,218 in other income related to NDA application fee refund.  The basic and diluted weighted average number of common shares outstanding for the three months ended June 30, 2022 were 90,419,933 and 105,439,009 respectively, compared to basic and diluted weighted average number of common shares of 81,489,974 and 81,489,974 respectively for the three  months ended June 30, 2021. The basic and diluted weighted average number of common shares outstanding for the six months ended June 30, 2022 were 88,235,439 and 88,235,439 respectively, compared to basic and diluted weighted average number of common shares of 79,739,454 and 79,739,454 respectively for the six months ended June 30, 2021.

3

Revenues

Revenues from sales of goods were nil for the quarter, and for the six months ended June 30, 2022 and 2021 respectively.

Research and Development

Research and development expenditures were $809,935 for the quarter, and $5,144,024 for the six months ended June 30, 2022, compared with $2,067,708 for the quarter, and $3,492,953 for the six months ended June 30, 2021. Research and development expenditures include costs incurred in advancing Nymox’s BPH product candidate NX-1207 through clinical trials, as well as costs related to its R&D pipeline. Research and development expenditures also include stock compensation charges of $44,610 for the quarter and $108,113 in the six months ended June 30, 2022 compared with $145,272 for the quarter, and $312,724 for the six months ended June 30, 2021. The $1,651,071 increase in R&D expense for the six months ended June 30, 2022 compared to the same period in 2021 is mainly due to an increase of $3,117,218 in NDA application fee offset with a decrease of $1,185,762 in lab service expenditures and a decrease of 204,612 in stock based compensation. The $1,257,773 decrease in R&D expense for the quarter ended June 30, 2022 compared to same period in 2021 is mainly due to a decrease of $818,385 in lab service expenditure, a decrease of $204,160 in professional fee and a decrease of $100,662 in stock-based compensation.

Marketing Expenses

Marketing expenditures were nil for the quarters and for the six months ended June 30, 2022 and 2021, respectively. The Corporation expects that marketing expenditures will increase when new products are launched on the market.

General and Administrative Expenses

General and administrative expenses were $962,607 for the quarter, and $1,702,729 for the six months ended June 30, 2022, compared with $1,911,647 for the quarter, and $2,915,430 for the six months ended June 30, 2021. General and administrative expenditures included stock compensation charges of $337,018 for the quarter and $368,151 for the six months ended June 30, 2022 compared with $1,280,372 for the quarter, and $1,394,966 in the comparative period in 2021. The decrease of $1,212,701 in general and administrative expenses for the six month period is primarily attributable to a decrease of $1,026,815 in stock compensation charges and a decrease of $150,038 in professional fees. The decrease in general and administrative expenses of $949,041 for the quarter ended June 30, 2022 is mainly attributable to a decrease of $943,355 in stock compensation charges compared to 2021. The Corporation expects that general and administrative expenditures (exclusive of stock compensation costs) will increase as new product development leads to expanded operations.

Finance costs

Net finance expense were $4,110 for the quarter and net finance expense were $16,256 for the six months ended June 30, 2022, compared with net finance expense of $10,752 for the quarter and net finance expense of $21,191 for the six months ended June 30, 2021. The finance expense decrease of $4,935 for the six months ended June 30, 2022 is mainly attributable to an increase of $2,673 in interest income and a decrease of $2,159 in finance charges.

The Corporation incurs expenses in the local currency of the countries in which it operates, which include the United States, Canada and the Bahamas. Foreign exchange fluctuations had no meaningful impact on the Corporation’s results in 2022 or 2021.

4

Inflation

The Corporation does not believe that inflation has had a significant impact on its results of operations.

Contractual Obligations Commitment

Nymox has no contractual obligations of significance other than its accounts payable, accrued liabilities and the following:

Contractual Obligations	Total		Less than 1 year		1-3 years		4-5 years
Operating lease and rent for office space and equipment	$	292,848	$	238,131	$	54,717	$	0
Insurance premium installments	$	2,163	$	2,163	$	0	$	0
Total contractual obligations other than accounts payable and accrued liabilities	$	295,011	$	240,294	$	54,717	$	0

Off-Balance Sheet Arrangements

The Corporation has no binding commitments for the purchase of property, equipment or intellectual property. Effective for annual reporting periods beginning on January 1, 2019, IFRS 16 introduces a new approach to lessee accounting that requires a lessee to recognize assets and liabilities for the rights and obligations created by lease. IFRS 16 requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months and for which the underlying asset value is not of low value. The Corporation adopted IFRS 16 on January 1, 2019. The corporation has no commitments that are not reflected in the statement of financial position except for insurance premium installments and copier rent.

Transactions with Related Parties

The Corporation had no transactions with related parties in 2022 and 2021 other than those disclosed for key management personnel in note 7 of the unaudited condensed interim Consolidated Financial Statements.

Financial Position

Liquidity and Capital Resources

As of June 30, 2022, cash and receivables including tax credits receivable totaled $4,079,000 compared with $843,000 at December 31, 2021.

We used cash in our operating activities in the amounts of $2,650,358 and $4,571,675 for the six months ended June 30, 2022 and 2021, respectively.

Investing activities have been insignificant and substantially all cash flows have been provided by financing activities, specifically proceeds from the issuance of common stock.

On February 17, 2022, the Corporation completed four retail private placements through one placement agent to various accredited investors for a total of $64,870 net proceeds after deducting placement agent fees and offering expenses. A total of 46,339 shares were issued.

On March 10, 2022, the Corporation completed three retail private placements through one placement agent to various accredited investors for a total of $104,674 net proceeds after deducting placement agent fees and offering expenses. A total of 58,791 shares were issued.

On March 22, 2022, the Corporation completed one private placements through one placement agent to various accredited investors for a total of $ 3,938,002 net proceeds after deducting placement agent fees and various offering expenses and a share subscription receivable of 1.9M. A total of 3,878,789 investor warrants to purchase up to an aggregate of 3,878,789 shares of common stock and a total of 193,939 placement agent warrants to purchase up to an aggregate of 193,939 shares were issued. The corporation received the share subscription fund of total 1.9M from one of directors, James G. Robinson in April, 2022.

5

As of June 30, 2022, the Corporation made principle repayment of operating lease at a total of $117,039.

We have incurred substantial operating losses since our inception due in large part to expenditures for our research and development activities and expense charges related to the issuance of stock and stock options to our key employees. As at June 30, 2022, we had an accumulated deficit of $196,308,105 and we have negative cash flows from operations. The Corporation’s working capital is $1,994,854, at June 30, 2022. Our current level of annual expenditures exceeds the anticipated revenues from sales of goods, however, we have totaling over $4.1 million at our bank as of June 30, 2022.

Management has implemented steps to reduce expenditures, including deferral of management salaries, and other operational changes. There is no assurance these actions will be successful; however management believes the use of the going concern assumption is appropriate.

The unaudited interim consolidated financial statements for the three months ended June 30, 2022, do not include any adjustments or disclosures that may be necessary should the Corporation not be able to continue as a going concern. Should the going concern assumption not be appropriate, then adjustments may be necessary to the carrying value and classification of assets and liabilities and reported results of operations and such adjustments could be material.

Capital disclosures

The Corporation's objective in managing capital is to ensure a sufficient liquidity position to finance its research and development activities, general and administrative expenses, working capital and overall capital expenditures, including those associated with patents. The Corporation makes every attempt to manage its liquidity to minimize shareholder dilution when possible.

The capital management objectives remain the same as for the previous fiscal year. When possible, the Corporation tries to optimize its liquidity needs by non-dilutive sources, including sales, collaboration agreements, and interest income. The Corporation's general policy on dividends is to retain cash to keep funds available to finance its research and development and operating expenses.

The Corporation is not subject to any capital requirements imposed by external parties other than the Nasdaq Capital Market requirements related to the Listing Rules.

Disclosure Controls and Procedures

Disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed is accumulated and communicated to senior management on a timely basis so that appropriate decisions can be made regarding public disclosure. The Corporation’s Chief Executive Officer and its Chief Operation Officer are responsible for establishing and maintaining disclosure controls and procedures. They are assisted in this responsibility by the Corporation’s audit committee. Based on an evaluation of the Corporation’s disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934 and National Instrument 52-109), the Chief Executive Officer and Chief Financial Officer have concluded that the disclosure controls and procedures are effective as of June 30, 2022.

TPS Thayer Company, LLC, our auditors, expressed their opinion that the effectiveness of the Corporation’s internal control over financial reporting as of December 31, 2021, was effective and their opinion was not modified in any way.

6

Changes in Internal Controls over Financial Reporting

We have made significant improvements in Internal Controls over Financial Reporting since year 2017.

Management believes that proper segregation of duties is critical to a properly designed and operating internal control environment for financial reporting. The Corporation developed a remediation plan, with oversight from the Audit Committee, to remediate the following material weaknesses in internal controls over financial reporting, first identified in 2015

The Corporation did not employ a sufficient complement of finance and accounting personnel to ensure that there was proper segregation of duties related to certain processes, primarily impacting the expenditures/disbursements processes and information technology general controls (“ITGC”) and sufficient compensating controls did not exist in these areas. To improve the weakness in these areas, the Corporation has implemented following remediation plan.

· The Corporation hired an external accounting expert, functioning in a controller’s role, at the beginning of 2017 to assist in the accounting for non-routine complex accounting matters and to enhance oversight of the financial reporting process. However, the Chief Financial Officer and Chief Operation Officer continued to have final say in what would be included or excluded from our financial statements and related disclosures thereto.

· The accounting system was transferred to a new general ledger software system on a secure cloud platform.

· Additionally, we contracted with a Managed Service Provider to maintain our IT infrastructure.

Internal control over financial reporting has inherent limitations. Internal control over financial reporting is a process that involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of such limitations, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate this risk.

7

NYMOX PHARMACEUTICAL CORPORATION

Condensed Interim Consolidated Financial Statements

(Unaudited)

Financial Statements

Consolidated Statements of Operations (Unaudited)	9
Consolidated Statements of Financial Position as of June 30, 2022 and December 31, 2021 (Unaudited)	10
Consolidated Statements of Cash Flows (Unaudited)	11
Consolidated Statements of Changes in Equity (Unaudited)	12

Notes to Interim Consolidated Financial Statements(Unaudited)

1.	Basis of preparation	13
2.	Liquidity, going concern and management’s response	13
3.	Share capital	14
4.	Earnings per share	16
5.	Operating lease and other commitment	16
6.	New Drug Application (NDA) refund	17
7.	Related party transactions	17
8.	Subsequent event	18

8

NYMOX PHARMACEUTICAL CORPORATION

Consolidated Statements of Operations (Unaudited)

Three and Six-month periods ended June 30, 2022 and 2021

(In Thousands of US dollars Other Than Per Share Amounts and Thousands of Shares)

			Three months ended June 30,						Six months ended June 30,
	Note		2022			2021			2022			2021
Revenues
Sales of goods			$	-		$	-		$	-		$	5
Total revenues				-			-			-			5
Operating expenses
Research and development				810			2,068			5,144			3,493
General and administrative				963			1,912			1,703			2,915
Marketing				-			-			-			-
Cost of sales				-			-			-			4
Total expenses				1,773			3,980			6,847			6,408
Loss from operations				(1,773	)		(3,980	)		(6,847	)		(6,408	)
Other Income/Expense Other income				3,117						3,117
Operating lease and financial obligations				(3	)		(4	)		(10	)		(10	)
Interest income (cost)				(1	)		(6	)		(6	)		(11	)
Loss before income tax			$	1,340		$	(3,990	)	$	(3,746	)	$	(6,429	)
Income tax provision (recovery)				-			-			-			-
Net loss				1,340			(3,990	)		(3,746	)		(6,429	)
Net income(loss) per share Basic		4	$	0.01		$	(0.05	)	$	(0.04	)		(0.08	)
Weighted average number of common shares outstanding		4		90,420			81,490			88,235			79,739
Net income(loss) per share Diluted			$	0.01		$	(0.05	)	$	(0.04	)	$	(0.08	)
Weighted average number of diluted shares outstanding				105,439			81,490			88,235			79,739

See accompanying notes to the unaudited consolidated financial statements.

9

NYMOX PHARMACEUTICAL CORPORATION

Consolidated Statements of Financial Position (Unaudited)

June 30, 2022 and December 31, 2021

(In Thousands of US dollars and Thousands of Shares)

			June 30,			December 31,
	Note		2022			2021
ASSETS
Current assets
Cash at bank			$	4,070		$	830
Other receivables				9			13
Inventory				34			34
Security deposit				28			28
Prepaid expenses and other current assets				44			132
Total current assets				4,185			1,037
Non-current assets
Property and equipment				16			22
Operating lease right-of-use asset, net		5		273			384
Total assets			$	4,474		$	1,443
LIABILITIES AND EQUITY
Current liabilities
Accounts payable and accrued liabilities			$	1,958		$	1,558
Operating lease liability due within one year		5		232			228
Total current liability				2,190			1,786
Long term operating lease liability		5		52			163
Total liabilities				2,242			1,949
Equity
Share capital - unlimited authorized shares at no par value 91,265 and 85,546 shares outstanding at June 30, 2022 and December 31, 2021, respectively		3		172,260			165,061
Share capital subscription receivable				(589	)		(589	)
Additional paid-in capital		3		26,869			27,584
Accumulated deficit				(196,308	)		(192,562	)
Total stockholders’ equity				2,232			(506	)
Total liabilities and stockholders’ equity			$	4,474		$	1,443

See accompanying notes to the unaudited consolidated financial statements.

10

NYMOX PHARMACEUTICAL CORPORATION

Consolidated Statements of Cash Flows (Unaudited)

Six-month periods ended June 30, 2022 and 2021

(In Thousands of US Dollars )

		2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$	(3,746	)	$	(6,429	)
Adjustments for:
Stock-based compensation	3(c)		476			1,708
Depreciation			6			6
Amortization and others			121			121
Changes in non-cash operating balances:
Accounts receivable and other receivables			4			5
Prepaid expenses and other current asset			89			143
Accounts payable and accrued liabilities			400			(125	)
Net cash used in operating activities			(2,650	)		(4,571	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment			-			(2	)
Net cash flows used in investing activities			-			(2	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of share capital			6,007			7,283
Repayment of operating lease and financing obligation			(117	)		(120	)
Net cash flows used in financing activities			5,890			7,163
Net increase in cash and cash equivalents			3,240			2,590
CASH AT BANK
Beginning of the period			830			3,611
End of the period		$	4,070		$	6,201
Supplemental Disclosure
NON-CASH INVESTING AND FINANCING ACTIVITIES
Operating lease right-of-use asset and related liability		$	-		$	-

See accompanying notes to the unaudited consolidated financial statement.

11

NYMOX PHARMACEUTICAL CORPORATION

Consolidated Statements of Changes in (Deficit) Equity (Unaudited)

Six-month period ended June 30, 2022 and 2021

(In Thousands of US dollars and Thousands of Shares)

Six-month period ended June 30, 2022

(In Thousands of US dollars and Thousands of Shares)

	Common Shares		Amount		Share capital subscription			Additional paid-in capital			Accumulated Deficit			Total
Balance, December 31, 2021		85,546	$	165,061	$	(589	)	$	27,584		$	(192,562	)	$	(506	)
Share issuance for cash and share subscription		3,984		4,834					(568	)					4,266
Warrants issued									1,741						1,741
Stock-based compensation and service fee		1,735		2,365					(1,888	)		-			477
Net loss		-		-		-			-			(3,746	)		(3,746	)
Balance, June 30, 2022		91,265		172,260	$	(589	)	$	26,869		$	(196,308	)	$	2,232

Six-month period ended June 30, 2021

(In Thousands of US dollars and Thousands of Shares)

	Common Shares		Amount		Share capital subscription			Additional paid-in capital			Accumulated Deficit			Total
Balance, December 31, 2020		77,961	$	151,722	$	(589	)	$	31,037		$	(180,025	)	$	2,145
Share issuance for cash and share subscription		3,670		7,670					(717	)					6,953
Warrants issued									330						330
Stock-based compensation and service fee		2,100		3,072					(1,364	)		-			1,708
Net loss		-		-		-			-			(6,429	)		(6,429	)
Balance, June 30, 2021		83,731		162,464	$	(589	)	$	29,286		$	(186,454	)	$	4,707

See accompanying notes to the condensed unaudited interim consolidated financial statements.

12

NYMOX PHARMACEUTICAL CORPORATION

Notes to Unaudited Consolidated Financial Statements

Three and Six-month periods ended June 30, 2022 and 2021

(US dollars)

1. Basis of preparation:

(a)

Statement of compliance:

The consolidated condensed unaudited interim consolidated financial statements of the Corporation have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and its interpretations as issued by the International Accounting Standards Board (“IASB”) and in accordance with IAS 34, Interim Financial Reporting. The condensed unaudited interim consolidated financial statements do not include all of the information required for full annual financial statements and accordingly should be read in conjunction with the previously issued annual financial statements of the Corporation for the fiscal year ended December 31, 2021 and notes thereto contained in the Corporation’s Annual Report on Form 20-F. The consolidated condensed interim consolidated financial statements were authorized for issuance by the Board of Directors on August 12, 2022.

(b)	Basis of measurement:
	The condensed unaudited interim consolidated financial statements have been prepared on a going concern and on the historical cost basis. The functional currency of the Corporation is the US dollar.
(c)	Use of estimates and judgments:
	The preparation of the consolidated financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Information about critical judgments in applying accounting policies and assumption and estimation uncertainties that have the most significant effect on the amounts recognized in the consolidated financial statements is noted below: Significant estimates include, but are not limited to, the estimation of useful lives of equipment for purposes of depreciation, useful life of lease for purpose of amortization and the valuation of common shares and stock option issued for services.

2. Liquidity, Going Concern and Management’s Response:

Management believes that current cash balances as of June 30, 2022 and planed fund raising is sufficient to finance the Company’s operations for at least the next 12 months. However, if necessary, the Company intends to seek additional equity or other financing, should the Company’s liquidity need change.

Considering recent developments and the need for additional financing, there exists a material uncertainty that casts substantial doubt about the Corporation’s ability to continue as a going concern. These financial statements do not reflect adjustments that would be necessary. If the going concern assumption is not appropriate, then adjustments may be necessary to the carrying value and classification of assets and liabilities and reported results of operations and such an adjustment could be material.

13

NYMOX PHARMACEUTICAL CORPORATION

Notes to Unaudited Consolidated Financial Statements

Three and Six-month periods ended June 30, 2022 and 2021

(US dollars)

3. Share Capital:

The holders of common shares are entitled to receive dividends as declared, which is at the discretion of the Corporation, and are entitled to one vote per share at the annual general meeting of the Corporation. The Corporation has never paid any dividends.

(a)

Private placements:

On March 18, 2022, the company entered into a definitive agreement with institutional investors in a private placement of 3,878,789 shares of common stock and warrants to purchase 3,878,789 shares of common stock at a combined purchase price of $1.65 per share for gross proceeds of approximately $6,400,000 before deducting fees and other estimated offering expenses. The investor warrants have an exercise price of $2.00 per share, is immediately exercisable and will expire five years from the Effective Date.  A.G.P./Alliance Global Partners is acting as sole placement agent for the private placement. On March 22, the company closed its financing.

(b)

Stock options:

The Corporation has established a stock option plan (the “Plan”) for its key employees, its officers and directors, and certain consultants. The Plan is administered by the Board of Directors of the Corporation. The Board may from time to time designate individuals to whom options to purchase common shares of the Corporation may be granted, the number of shares to be optioned to each, and the option price per share. The option price per share cannot involve a discount to the market price at the time the option is granted. The maximum number of shares which may be optioned under the stock option plan is 15,000,000. The maximum number of shares which may be optioned to any one individual is 15% of the total issued and outstanding common shares. Options under the Plan expire ten years after the grant date and vest either immediately or over periods up to six years, and are equity-settled. As of June 30, 2022, 8,572,000 options could still be granted by the Corporation. The following table provides the activity of stock option awards during the six-month period ended June 30, 2022 and for options outstanding and exercisable at the end of the six-month period ended June 30, 2022, the weighted average exercise price and the weighted average years to expiration.

			Outstanding		Weighted
			Weighted		average
			average		remaining
			exercise		contractual
	Number		Price		life (in years)
Outstanding, December 31, 2021		6,428,000	$	1.81		3.86
Expired / Cancelled		-		-		-
Granted		-		-		-
Outstanding, June 30, 2022		6,428,000	$	1.81		3.36
Options exercisable		6,373,833	$	1.80		3.32

14

NYMOX PHARMACEUTICAL CORPORATION

Notes to Unaudited Consolidated Financial Statements

Three and Six-month periods ended June 30, 2022 and 2021

(US dollars)

(c) Stock-based compensation:   Stock -based compensation includes stock and stock option granted to employees and contractors

	Three months				Six months
	ended June 30,				ended June 30,
Employee expenses	2022		2021		2022		2021
Stock options and compensation granted in:
2015		24,482		184,827		86,749		414,015
2020		32,369		52,858		64,738		105,716
2021		-		1,187,959		-		1,187,959
2022		324,777		-		324,777		-
Total stock-based compensation expense recognized	$	381,628	$	1,425,644	$	476,264	$	1,707,690

The stock-based compensation expense is disaggregated in the statements of operations and comprehensive loss as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Stock-based compensation pertaining to general and administrative	$	337,018	$	1,280,372	$	368,151	$	1,394,966
Stock-based compensation pertaining to research and development		44,610		145,272		108,113		312,724
Total	$	381,628	$	1,425,644	$	476,264	$	1,707,690

(d)

Warrants :

In the first quarter of 2019, the Corporation issued 2,500,000 warrants in connection with one private placement. Each warrant entitles the holder to acquire one common share of the Corporation at an exercise price of $8.00 with a seven years term. The warrant was valued at $200,000 and recorded as part of additional paid in capital. In the second quarter of 2021, the Corporation issued 2,018,348 warrants in connection with one private placement.   Each warrant entitles the holder to acquire one common share of the Corporation at an exercise price of $2.50 with a five year term. The warrant was recorded as part of additional paid in capital at a total of $330,277. In the first quarter of 2022, the Corporation issued 3,878,789 investor warrants in connection with one private placement.   Each warrant entitles the holder to acquire one common share of the Corporation at an exercise price of $2.00 with a five year term.  In addition, the Company issued Placement Agent (or its assigns) warrants to purchase up to 193,939 shares of common stock at an exercise price of $2.06 per share, The Placement Agent Warrants are immediately exercisable and will expire on the five-year anniversary of the Effective Date. The warrants were recorded as part of additional paid in capital at a total of $1,877,608.

15

NYMOX PHARMACEUTICAL CORPORATION

Notes to Unaudited Consolidated Financial Statements

Three and Six-month periods ended June 30, 2022 and 2021

(US dollars)

4. Earnings per Share:

Weighted average number of common shares outstanding:

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Issued common shares at beginning  of period	90.279,794			78,711,151		85,545,875		77,961,151
Effect of shares issued		140,139		2,778,823		2,689,564		1,778,303
Weighted average number of common shares outstanding - basic		90,419,933		81,489,974		88,235,439		79,739,454
Weighted average number of shares outstanding - diluted		105,439,009		81,489,974		88,235,439		79,739,454

There is no difference in diluted as compared to basic earnings per share for the period when the company has a net loss as the impact would be antidilutive.

5. Operating leases and other commitments

Effective for annual reporting periods beginning on or after January 1, 2019, IFRS 16 introduced a new approach to lessee accounting that requires a lessee to recognize assets and liabilities for the rights and obligations created by leases. IFRS 16 requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months. The IASB concluded that such an approach will result in a more faithful representation of a lessee’s assets and liabilities and, together with enhanced disclosures, greater transparency of a lessee’s financial leverage and capital employed.

We adopted this standard on January 1, 2019, with an immaterial cumulative adjustment of $11,667 to accumulated deficit rather than retrospectively adjusting prior periods. We used an incremental borrowing rate as a discount rate for our operating leases. The discount rate ranges from 4.75% to 5.00%. The average remaining years for our lease are 1.21 years as of June 30, 2022. 

The following table provides the changes in the Corporation’s operating lease right-of-use assets for the six months ended June 30, 2022 and year end of  December 31, 2021 respectively:

(amounts in dollars)	Total
Balances as of January 1, 2022	$	383,969
Renewed office lease		-
Accumulated amortization		(110,997	)
Balances as of June 30, 2022	$	272,972

(amounts in dollars)	Total
Balances as of January 1, 2021	$	422,297
Renewed office lease		184,160
Accumulated amortization		(222,488	)
Balances as of December 31, 2021	$	383,969

16

NYMOX PHARMACEUTICAL CORPORATION

Notes to Unaudited Consolidated Financial Statements

Three and Six-month periods ended June 30, 2022 and 2021

(US dollars)

The following table provides the changes in the Corporation’s operating lease liability for the six months ended June 30, 2022 and year end of 2021 respectively:

(amounts in dollars)	Total
Balances as of January 1, 2022	$	391,459
Renewed office lease		-
Repayments of lease liability		(117,039	)
Other		9,657
Balances as of June 30, 2022	$	284,077
Lease liability due within one year	$	232,222
Lease liability long term	$	51,855

(amounts in dollars)	Total
Balances as of January 1, 2021	$	425,620
Renewed office lease		184,160
Repayments of lease liability		(237,574	)
Other		19,253
Balances as of December 31, 2021	$	391,459
Lease liability due within one year	$	228,651
Lease liability long term	$	162,808

The total future commitment payment amount for above lease is $292,240 comparing an outstanding lease liability of $284,077 as of June 30, 2022. The difference is due to interest expense.

In addition to the lease commitment, the corporation has a future insurance premium payment and copier rent of $2,771 as of June, 30,2022.

6. New Drug Application (NDA) fee refund:

In March, 2022, the Company submitted it’s New Drug Application (NDA) to the FDA for Fexapotide Triflutate to seek marketing approval in the U.S. for Fexapotide Triflutate for the treatment of men with benign prostatic hyperplasia (BPH).  The company paid a total of $3,117,218 for the application fee and recorded as R&D expense.  Following the FDA guidance of industry user fee waivers, reductions and refund for drug products, the Company expects it will receive a full refund for the application fee. In May, 2022, the company received a full refund of the NDA fee and recorded it as other income.

7. Related Party Transactions:

The transactions we have with related parties include compensation arrangements for current compensation, share based compensation, and compensation under options, and share purchase as investor.

Executive officers and directors participate in the Corporation’s stock option plan. Certain Executive officers are covered under the Corporation’s health plan.

17

NYMOX PHARMACEUTICAL CORPORATION

Notes to Unaudited Consolidated Financial Statements

Three and Six-month periods ended June 30, 2022 and 2021

(US dollars)

Key management personnel compensation is comprised of:

	Three months				Six months
	ended June 30,				ended June 30,
	2022		2021		2022		2021
Salaries and bonus		60,000		-		360,000		250,000
Short-term employee benefits		598		602		1,181		1,185
Stock-based compensation		349,259		184,827		411,526		414,015
	$	409,857	$	185,429	$	772,707		665,200

Total honorariums to the independent directors of the Corporation for participating in Board and Committee meetings were nil for the period ended June 30, 2022 and 2021, respectively.

On June 28, 2022, the company accepted the resignation of the CFO. The former Chief Financial Officer received no compensation as an individual and received no deferred or incentive compensation. We do make payments based on contract for services rendered to a corporation controlled by him. Amounts paid under this arrangement were $40,000 for the period ended June 30, 2022 and $240,000 for the period ended June 30, 2021, respectively.

On May 11, 2022, the company issued 235,346 shares to James G. Robinson in consideration for his long and outstanding service to the company. The total value of the compensation shares is $324,777

.

Our Corporate Legal Counsel receives no salary compensation as an individual and receives no deferred or incentive compensation. We do make payments based on contract for services rendered to a corporation controlled by him.  Amounts paid under this arrangement were $242,500 for the period ended June 30, 2022 and $173,464 for the period ended June 30, 2021, respectively.

One of directors, James G. Robinson, purchased 1,151,515 shares of common stock at a purchase price of $1.65 per share for a total value of 1.9M in the company’s financing in March, 2022. Concurrently with the closing of the Offering, he received warrants to purchase up to an aggregate of 1,151,515 shares of common stock, at an initial exercise price equal to $2.00 per share and will expire on the five-year anniversary of the Effective Date.

8. Subsequent events:

The Corporation has evaluated subsequent events through August 12, 2022, the date the financial statements were authorized for issuance by the Audit Committee of the Board of Directors.  The Corporation has determined there are no subsequent events.

18

EX-99.2

EXHIBIT 99.2

CERTIFICATION

I, Paul Averback, President and CEO of Nymox Pharmaceutical Corporation, certify that:

1.	I have reviewed this quarterly report for the period ended June 30, 2022 of Nymox Pharmaceutical Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;
4.	The company’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a – 15(e) and 15d – 15(e)), and internal control over financial reporting (as defined in the Exchange Act Rules 13a–15(f) and 15d–15(f)) for the company based on the COSO 1992 framework and we have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with international financial reporting standards;
c)	evaluated the effectiveness of the company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the company’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting; and

5. The company’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company’s auditors and the audit committee of the company’s board of directors (or persons performing the equivalent function):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the company’s internal control over financial reporting.

Date: August 15, 2022

By:	/s/ Paul Averback, MD
	Paul Averback, MD
	President and Chief Executive Officer
	Nymox Pharmaceutical Corporation

1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Paul Averback, President and CEO of Nymox Pharmaceutical Corporation, do hereby certify that, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the information contained in the Quarterly Report for the period ended June 30, 2022 of Nymox Pharmaceutical Corporation and filed with the Securities and Exchange Commission, fully complies with the requirements of Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934 and the information contained in such report fairly presents, in all material respects, the financial condition and results of operations of Nymox Pharmaceutical Corporation

Date: August 15, 2022

By:	/s/ Paul Averback, MD
	Paul Averback, MD
	President and Chief Executive Officer
	Nymox Pharmaceutical Corporation

2

EX-99.3

 EXHIBIT 99.3

CERTIFICATION

I, Randall J, Lanham, COO of Nymox Pharmaceutical Corporation, certify that:

1.	I have reviewed this quarterly report for the period ended June 30, 2022 of Nymox Pharmaceutical Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;
4.	The company’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a – 15(e) and 15d – 15(e)), and internal control over financial reporting (as defined in the Exchange Act Rules 13a–15(f) and 15d–15(f)) for the company based on the COSO 1992 framework and we have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with international financial reporting standards;
c)	evaluated the effectiveness of the company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the company’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting; and

5. The company’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company’s auditors and the audit committee of the company’s board of directors (or persons performing the equivalent function):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the company’s internal control over financial reporting.

Date: August 15, 2022

By:	/s/ Randall J. Lanham
	Randall J. Lanham
	Chief Operation Officer
	Nymox Pharmaceutical Corporation

1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Randall J, Lanham, COO of Nymox Pharmaceutical Corporation, do hereby certify that, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the information contained in the Quarterly Report for the period ended June 30, 2022 of Nymox Pharmaceutical Corporation and filed with the Securities and Exchange Commission, fully complies with the requirements of Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934 and the information contained in such report fairly presents, in all material respects, the financial condition and results of operations of Nymox Pharmaceutical Corporation

Date: August 15, 2022

By:	/s/ Randall J. Lanham
	Randall J, Lanham
	Chief Operation Officer
	Nymox Pharmaceutical Corporation

2

XML

Cover	6 Months Ended
	Jun. 30, 2022
Cover [Abstract]
Entity Registrant Name	Nymox Pharmaceutical Corporation
Entity Central Index Key	0001018735
Document Type	6-K
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Entity File Number	001-12033
Entity Address Postal Zip Code	20549

XML

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Sales of goods	$ 0	$ 0	$ 0	$ 5
Total revenues	0	0	0	5
Operating expenses
Research and development	810	2,068	5,144	3,493
General and administrative	963	1,912	1,703	2,915
Marketing	0	0	0	0
Cost of sales	0	0	0	4
Total expenses	1,773	3,980	6,847	6,408
Loss from operations	(1,773)	(3,980)	(6,847)	(6,408)
Other Income/Expense
Other income	3,117		3,117
Operating lease and financial obligations	(3)	(4)	(10)	(10)
Interest income (cost)	(1)	(6)	(6)	(11)
Loss before income tax	1,340	(3,990)	(3,746)	(6,429)
Income tax provision (recovery)	0	0	0	0
Net loss	$ 1,340	$ (3,990)	$ (3,746)	$ (6,429)
Net income(loss) per share Basic	$ 0.01	$ (0.05)	$ (0.04)	$ (0.08)
Weighted average number of common shares outstanding	90,420	81,490	88,235	79,739
Net income(loss) per share Diluted	$ 0.01	$ (0.05)	$ (0.04)	$ (0.08)
Weighted average number of diluted shares outstanding	105,439	81,490	88,235	79,739

XML

Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash at bank	$ 4,070	$ 830
Other receivables	9	13
Inventory	34	34
Security deposit	28	28
Prepaid expenses and other current assets	44	132
Total current assets	4,185	1,037
Non-current assets
Property and equipment	16	22
Operating lease right-of-use asset, net	273	384
Total assets	4,474	1,443
Current liabilities
Accounts payable and accrued liabilities	1,958	1,558
Operating lease liability due within one year	232	228
Total current liability	2,190	1,786
Long term operating lease liability	52	163
Total liabilities	2,242	1,949
Equity
Share capital - unlimited authorized shares at no par value 91,265 and 85,546 shares outstanding at June 30, 2022 and December 31, 2021, respectively	172,260	165,061
Share capital subscription receivable	(589)	(589)
Additional paid-in capital	26,869	27,584
Accumulated deficit	(196,308)	(192,562)
Total stockholders' equity	2,232	(506)
Total liabilities and stockholders' equity	$ 4,474	$ 1,443

XML

Consolidated Statements of Financial Position (Parenthetical) - shares shares in Thousands	Jun. 30, 2022	Dec. 31, 2021
Consolidated Statements of Financial Position (Unaudited)
Share capital, shares outstanding	91,265	85,546

XML

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (3,746)	$ (6,429)
Adjustments for:
Stock-based compensation	476	1,708
Depreciation	6	6
Amortization and others	121	121
Changes in non-cash operating balances:
Accounts receivable and other receivables	4	5
Prepaid expenses and other current asset	89	143
Accounts payable and accrued liabilities	400	(125)
Net cash used in operating activities	(2,650)	(4,571)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	0	(2)
Net cash flows used in investing activities	0	(2)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of share capital	6,007	7,283
Repayment of operating lease and financing obligation	(117)	(120)
Net cash flows used in financing activities	5,890	7,163
Net increase in cash and cash equivalents	3,240	2,590
CASH AT BANK
Beginning of the period	830	3,611
End of the period	4,070	6,201
NON-CASH INVESTING AND FINANCING ACTIVITIES
Operating lease right-of-use asset and related liability	$ 0	$ 0

XML

Consolidated Statements of Changes in (Deficit) Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Number of Common Shares	Share Capital Subscription	Accumulated Deficit	Additional Paid-In Capital
Balance, shares at Dec. 31, 2020		77,961
Balance, amount at Dec. 31, 2020	$ 2,145	$ 151,722	$ (589)	$ (180,025)	$ 31,037
Statement [Line Items]
Share issuance for cash and share subscription, shares		3,670
Share issuance for cash and share subscription, amount	6,953	$ 7,670			(717)
Warrants issued	330				330
Stock-based compensation and service fee, shares		2,100
Stock-based compensation and service fee, amount	1,708	$ 3,072		0	(1,364)
Net loss	(6,429)	0	0	(6,429)	0
Balance, amount at Jun. 30, 2021	4,707	$ 162,464	(589)	(186,454)	29,286
Balance, shares at Jun. 30, 2021		83,731
Balance, shares at Dec. 31, 2021		85,546
Balance, amount at Dec. 31, 2021	(506)	$ 165,061	(589)	(192,562)	27,584
Statement [Line Items]
Share issuance for cash and share subscription, shares		3,984
Share issuance for cash and share subscription, amount	4,266	$ 4,834			(568)
Warrants issued	1,741				1,741
Stock-based compensation and service fee, amount	477	2,365		0	(1,888)
Net loss	(3,746)	$ 0	0	(3,746)	0
Stock-based compensation and service fee, shares		1,735
Balance, amount at Jun. 30, 2022	$ 2,232	$ 172,260	$ (589)	$ (196,308)	$ 26,869
Balance, shares at Jun. 30, 2022		91,265

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Basis of preparation

6 Months Ended

Jun. 30, 2022

Basis of preparation

1. Basis of preparation:

(a)

Statement of compliance:

The consolidated condensed unaudited interim consolidated financial statements of the Corporation have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and its interpretations as issued by the International Accounting Standards Board (“IASB”) and in accordance with IAS 34, Interim Financial Reporting. The condensed unaudited interim consolidated financial statements do not include all of the information required for full annual financial statements and accordingly should be read in conjunction with the previously issued annual financial statements of the Corporation for the fiscal year ended December 31, 2021 and notes thereto contained in the Corporation’s Annual Report on Form 20-F. The consolidated condensed interim consolidated financial statements were authorized for issuance by the Board of Directors on August 12, 2022.

(b)	Basis of measurement:
	The condensed unaudited interim consolidated financial statements have been prepared on a going concern and on the historical cost basis. The functional currency of the Corporation is the US dollar.
(c)	Use of estimates and judgments:
	The preparation of the consolidated financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Information about critical judgments in applying accounting policies and assumption and estimation uncertainties that have the most significant effect on the amounts recognized in the consolidated financial statements is noted below: Significant estimates include, but are not limited to, the estimation of useful lives of equipment for purposes of depreciation, useful life of lease for purpose of amortization and the valuation of common shares and stock option issued for services.

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Liquidity, Going Concern and Managements Response

6 Months Ended

Jun. 30, 2022

Liquidity, Going Concern and Management's Response

2. Liquidity, Going Concern and Management’s Response:

Management believes that current cash balances as of June 30, 2022 and planed fund raising is sufficient to finance the Company’s operations for at least the next 12 months. However, if necessary, the Company intends to seek additional equity or other financing, should the Company’s liquidity need change.

Considering recent developments and the need for additional financing, there exists a material uncertainty that casts substantial doubt about the Corporation’s ability to continue as a going concern. These financial statements do not reflect adjustments that would be necessary. If the going concern assumption is not appropriate, then adjustments may be necessary to the carrying value and classification of assets and liabilities and reported results of operations and such an adjustment could be material.

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Share capital

6 Months Ended

Jun. 30, 2022

Share capital

3. Share Capital:

The holders of common shares are entitled to receive dividends as declared, which is at the discretion of the Corporation, and are entitled to one vote per share at the annual general meeting of the Corporation. The Corporation has never paid any dividends.

(a)

Private placements:

On March 18, 2022, the company entered into a definitive agreement with institutional investors in a private placement of 3,878,789 shares of common stock and warrants to purchase 3,878,789 shares of common stock at a combined purchase price of $1.65 per share for gross proceeds of approximately $6,400,000 before deducting fees and other estimated offering expenses. The investor warrants have an exercise price of $2.00 per share, is immediately exercisable and will expire five years from the Effective Date.  A.G.P./Alliance Global Partners is acting as sole placement agent for the private placement. On March 22, the company closed its financing.

(b)

Stock options:

The Corporation has established a stock option plan (the “Plan”) for its key employees, its officers and directors, and certain consultants. The Plan is administered by the Board of Directors of the Corporation. The Board may from time to time designate individuals to whom options to purchase common shares of the Corporation may be granted, the number of shares to be optioned to each, and the option price per share. The option price per share cannot involve a discount to the market price at the time the option is granted. The maximum number of shares which may be optioned under the stock option plan is 15,000,000. The maximum number of shares which may be optioned to any one individual is 15% of the total issued and outstanding common shares. Options under the Plan expire ten years after the grant date and vest either immediately or over periods up to six years, and are equity-settled. As of June 30, 2022, 8,572,000 options could still be granted by the Corporation. The following table provides the activity of stock option awards during the six-month period ended June 30, 2022 and for options outstanding and exercisable at the end of the six-month period ended June 30, 2022, the weighted average exercise price and the weighted average years to expiration.

			Outstanding		Weighted
			Weighted		average
			average		remaining
			exercise		contractual
	Number		Price		life (in years)
Outstanding, December 31, 2021		6,428,000	$	1.81		3.86
Expired / Cancelled		-		-		-
Granted		-		-		-
Outstanding, June 30, 2022		6,428,000	$	1.81		3.36
Options exercisable		6,373,833	$	1.80		3.32

(c) Stock-based compensation:   Stock -based compensation includes stock and stock option granted to employees and contractors

	Three months				Six months
	ended June 30,				ended June 30,
Employee expenses	2022		2021		2022		2021
Stock options and compensation granted in:
2015		24,482		184,827		86,749		414,015
2020		32,369		52,858		64,738		105,716
2021		-		1,187,959		-		1,187,959
2022		324,777		-		324,777		-
Total stock-based compensation expense recognized	$	381,628	$	1,425,644	$	476,264	$	1,707,690

The stock-based compensation expense is disaggregated in the statements of operations and comprehensive loss as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Stock-based compensation pertaining to general and administrative	$	337,018	$	1,280,372	$	368,151	$	1,394,966
Stock-based compensation pertaining to research and development		44,610		145,272		108,113		312,724
Total	$	381,628	$	1,425,644	$	476,264	$	1,707,690

(d)

Warrants :

In the first quarter of 2019, the Corporation issued 2,500,000 warrants in connection with one private placement. Each warrant entitles the holder to acquire one common share of the Corporation at an exercise price of $8.00 with a seven years term. The warrant was valued at $200,000 and recorded as part of additional paid in capital. In the second quarter of 2021, the Corporation issued 2,018,348 warrants in connection with one private placement.   Each warrant entitles the holder to acquire one common share of the Corporation at an exercise price of $2.50 with a five year term. The warrant was recorded as part of additional paid in capital at a total of $330,277. In the first quarter of 2022, the Corporation issued 3,878,789 investor warrants in connection with one private placement.   Each warrant entitles the holder to acquire one common share of the Corporation at an exercise price of $2.00 with a five year term.  In addition, the Company issued Placement Agent (or its assigns) warrants to purchase up to 193,939 shares of common stock at an exercise price of $2.06 per share, The Placement Agent Warrants are immediately exercisable and will expire on the five-year anniversary of the Effective Date. The warrants were recorded as part of additional paid in capital at a total of $1,877,608.

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Earnings per share

6 Months Ended

Jun. 30, 2022

Earnings per share

Earnings per share:

4. Earnings per Share:

Weighted average number of common shares outstanding:

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Issued common shares at beginning  of period	90.279,794			78,711,151		85,545,875		77,961,151
Effect of shares issued		140,139		2,778,823		2,689,564		1,778,303
Weighted average number of common shares outstanding - basic		90,419,933		81,489,974		88,235,439		79,739,454
Weighted average number of shares outstanding - diluted		105,439,009		81,489,974		88,235,439		79,739,454

There is no difference in diluted as compared to basic earnings per share for the period when the company has a net loss as the impact would be antidilutive.

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Operating leases and other commitments

6 Months Ended

Jun. 30, 2022

Operating leases and other commitments

5. Operating leases and other commitments

Effective for annual reporting periods beginning on or after January 1, 2019, IFRS 16 introduced a new approach to lessee accounting that requires a lessee to recognize assets and liabilities for the rights and obligations created by leases. IFRS 16 requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months. The IASB concluded that such an approach will result in a more faithful representation of a lessee’s assets and liabilities and, together with enhanced disclosures, greater transparency of a lessee’s financial leverage and capital employed.

We adopted this standard on January 1, 2019, with an immaterial cumulative adjustment of $11,667 to accumulated deficit rather than retrospectively adjusting prior periods. We used an incremental borrowing rate as a discount rate for our operating leases. The discount rate ranges from 4.75% to 5.00%. The average remaining years for our lease are 1.21 years as of June 30, 2022. 

The following table provides the changes in the Corporation’s operating lease right-of-use assets for the six months ended June 30, 2022 and year end of  December 31, 2021 respectively:

(amounts in dollars)	Total
Balances as of January 1, 2022	$	383,969
Renewed office lease		-
Accumulated amortization		(110,997	)
Balances as of June 30, 2022	$	272,972

(amounts in dollars)	Total
Balances as of January 1, 2021	$	422,297
Renewed office lease		184,160
Accumulated amortization		(222,488	)
Balances as of December 31, 2021	$	383,969

The following table provides the changes in the Corporation’s operating lease liability for the six months ended June 30, 2022 and year end of 2021 respectively:

(amounts in dollars)	Total
Balances as of January 1, 2022	$	391,459
Renewed office lease		-
Repayments of lease liability		(117,039	)
Other		9,657
Balances as of June 30, 2022	$	284,077
Lease liability due within one year	$	232,222
Lease liability long term	$	51,855

(amounts in dollars)	Total
Balances as of January 1, 2021	$	425,620
Renewed office lease		184,160
Repayments of lease liability		(237,574	)
Other		19,253
Balances as of December 31, 2021	$	391,459
Lease liability due within one year	$	228,651
Lease liability long term	$	162,808

The total future commitment payment amount for above lease is $292,240 comparing an outstanding lease liability of $284,077 as of June 30, 2022. The difference is due to interest expense.

In addition to the lease commitment, the corporation has a future insurance premium payment and copier rent of $2,771 as of June, 30,2022.

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New Drug Application (NDA) fee refund

6 Months Ended

Jun. 30, 2022

New Drug Application (NDA) fee refund

6. New Drug Application (NDA) fee refund:

In March, 2022, the Company submitted it’s New Drug Application (NDA) to the FDA for Fexapotide Triflutate to seek marketing approval in the U.S. for Fexapotide Triflutate for the treatment of men with benign prostatic hyperplasia (BPH).  The company paid a total of $3,117,218 for the application fee and recorded as R&D expense.  Following the FDA guidance of industry user fee waivers, reductions and refund for drug products, the Company expects it will receive a full refund for the application fee. In May, 2022, the company received a full refund of the NDA fee and recorded it as other income.

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Related Party Transactions

6 Months Ended

Jun. 30, 2022

Related Party Transaction

7. Related Party Transactions:

The transactions we have with related parties include compensation arrangements for current compensation, share based compensation, and compensation under options, and share purchase as investor.

Executive officers and directors participate in the Corporation’s stock option plan. Certain Executive officers are covered under the Corporation’s health plan.

Key management personnel compensation is comprised of:

	Three months				Six months
	ended June 30,				ended June 30,
	2022		2021		2022		2021
Salaries and bonus		60,000		-		360,000		250,000
Short-term employee benefits		598		602		1,181		1,185
Stock-based compensation		349,259		184,827		411,526		414,015
	$	409,857	$	185,429	$	772,707		665,200

Total honorariums to the independent directors of the Corporation for participating in Board and Committee meetings were nil for the period ended June 30, 2022 and 2021, respectively.

On June 28, 2022, the company accepted the resignation of the CFO. The former Chief Financial Officer received no compensation as an individual and received no deferred or incentive compensation. We do make payments based on contract for services rendered to a corporation controlled by him. Amounts paid under this arrangement were $40,000 for the period ended June 30, 2022 and $240,000 for the period ended June 30, 2021, respectively.

On May 11, 2022, the company issued 235,346 shares to James G. Robinson in consideration for his long and outstanding service to the company. The total value of the compensation shares is $324,777

.

Our Corporate Legal Counsel receives no salary compensation as an individual and receives no deferred or incentive compensation. We do make payments based on contract for services rendered to a corporation controlled by him.  Amounts paid under this arrangement were $242,500 for the period ended June 30, 2022 and $173,464 for the period ended June 30, 2021, respectively.

One of directors, James G. Robinson, purchased 1,151,515 shares of common stock at a purchase price of $1.65 per share for a total value of 1.9M in the company’s financing in March, 2022. Concurrently with the closing of the Offering, he received warrants to purchase up to an aggregate of 1,151,515 shares of common stock, at an initial exercise price equal to $2.00 per share and will expire on the five-year anniversary of the Effective Date.

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Subsequent events

6 Months Ended

Jun. 30, 2022

Subsequent events

8. Subsequent events:

The Corporation has evaluated subsequent events through August 12, 2022, the date the financial statements were authorized for issuance by the Audit Committee of the Board of Directors.  The Corporation has determined there are no subsequent events.

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Basis of preparation (Policies)

6 Months Ended

Jun. 30, 2022

Statement of compliance

The consolidated condensed unaudited interim consolidated financial statements of the Corporation have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and its interpretations as issued by the International Accounting Standards Board (“IASB”) and in accordance with IAS 34, Interim Financial Reporting. The condensed unaudited interim consolidated financial statements do not include all of the information required for full annual financial statements and accordingly should be read in conjunction with the previously issued annual financial statements of the Corporation for the fiscal year ended December 31, 2021 and notes thereto contained in the Corporation’s Annual Report on Form 20-F.

The consolidated condensed interim consolidated financial statements were authorized for issuance by the Board of Directors on August 12, 2022.

Basis of measurement

The condensed unaudited interim consolidated financial statements have been prepared on a going concern and on the historical cost basis. The functional currency of the Corporation is the US dollar.

Use of estimates and judgments

The preparation of the consolidated financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Information about critical judgments in applying accounting policies and assumption and estimation uncertainties that have the most significant effect on the amounts recognized in the consolidated financial statements is noted below:

Significant estimates include, but are not limited to, the estimation of useful lives of equipment for purposes of depreciation, useful life of lease for purpose of amortization and the valuation of common shares and stock option issued for services.

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Share capital (Tables)

6 Months Ended

Jun. 30, 2022

Summary of Stock option award

			Outstanding		Weighted
			Weighted		average
			average		remaining
			exercise		contractual
	Number		Price		life (in years)
Outstanding, December 31, 2021		6,428,000	$	1.81		3.86
Expired / Cancelled		-		-		-
Granted		-		-		-
Outstanding, June 30, 2022		6,428,000	$	1.81		3.36
Options exercisable		6,373,833	$	1.80		3.32

Summary of stock option-based compensation

	Three months				Six months
	ended June 30,				ended June 30,
Employee expenses	2022		2021		2022		2021
Stock options and compensation granted in:
2015		24,482		184,827		86,749		414,015
2020		32,369		52,858		64,738		105,716
2021		-		1,187,959		-		1,187,959
2022		324,777		-		324,777		-
Total stock-based compensation expense recognized	$	381,628	$	1,425,644	$	476,264	$	1,707,690

Summary of stock option-based compensation expense

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Stock-based compensation pertaining to general and administrative	$	337,018	$	1,280,372	$	368,151	$	1,394,966
Stock-based compensation pertaining to research and development		44,610		145,272		108,113		312,724
Total	$	381,628	$	1,425,644	$	476,264	$	1,707,690

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Earning Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Weighted average number of common shares outstanding

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Issued common shares at beginning  of period	90.279,794			78,711,151		85,545,875		77,961,151
Effect of shares issued		140,139		2,778,823		2,689,564		1,778,303
Weighted average number of common shares outstanding - basic		90,419,933		81,489,974		88,235,439		79,739,454
Weighted average number of shares outstanding - diluted		105,439,009		81,489,974		88,235,439		79,739,454

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Operating leases and other commitment (Tables)

6 Months Ended

Jun. 30, 2022

Summary of Operating lease right-of-use assets

(amounts in dollars)	Total
Balances as of January 1, 2022	$	383,969
Renewed office lease		-
Accumulated amortization		(110,997	)
Balances as of June 30, 2022	$	272,972

(amounts in dollars)	Total
Balances as of January 1, 2021	$	422,297
Renewed office lease		184,160
Accumulated amortization		(222,488	)
Balances as of December 31, 2021	$	383,969

Summary of operating lease liability

(amounts in dollars)	Total
Balances as of January 1, 2022	$	391,459
Renewed office lease		-
Repayments of lease liability		(117,039	)
Other		9,657
Balances as of June 30, 2022	$	284,077
Lease liability due within one year	$	232,222
Lease liability long term	$	51,855

(amounts in dollars)	Total
Balances as of January 1, 2021	$	425,620
Renewed office lease		184,160
Repayments of lease liability		(237,574	)
Other		19,253
Balances as of December 31, 2021	$	391,459
Lease liability due within one year	$	228,651
Lease liability long term	$	162,808

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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of key management personnel compensation

	Three months				Six months
	ended June 30,				ended June 30,
	2022		2021		2022		2021
Salaries and bonus		60,000		-		360,000		250,000
Short-term employee benefits		598		602		1,181		1,185
Stock-based compensation		349,259		184,827		411,526		414,015
	$	409,857	$	185,429	$	772,707		665,200

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Share capital (Details) - Equity Option [Member]	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Statement [Line Items]
Number of outstanding balance, Beginning | shares	6,428,000
Expired / Cancelled | shares	0
Granted | shares	0
Number of outstanding balance, Ending | shares	6,428,000
Options exercisable | shares	6,373,833
Weighted average exercise price, Beginning | $ / shares	$ 1.81
Weighted average exercise price, Expired / Cancelled | $ / shares	0
Weighted average exercise price, Granted | $ / shares	0
Weighted average exercise price, Ending | $ / shares	1.81
Weighted average exercise price, Options exercisable | $ / shares	$ 1.80
Weighted average remaining contractual life (in years), Beginning	3 years 10 months 9 days
Weighted average remaining contractual life (in years), Granted	0 years
Weighted average remaining contractual life (in years), Ending	3 years 4 months 9 days
Weighted average remaining contractual life options exercisable (in years)	3 years 3 months 25 days

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Share capital (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
2020 [Member]
Statement [Line Items]
Shares based compensation recognized expense	$ 32,369	$ 52,858	$ 64,738	$ 105,716
2021 [Member]
Statement [Line Items]
Shares based compensation recognized expense	0	1,187,959	0	1,187,959
2022 [Member]
Statement [Line Items]
Shares based compensation recognized expense	324,777	0	324,777	0
2015 [Member]
Statement [Line Items]
Shares based compensation recognized expense	24,482	184,827	86,749	414,015
Total [Member]
Statement [Line Items]
Shares based compensation recognized expense	$ 381,628	$ 1,425,644	$ 476,264	$ 1,707,690

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Share capital (Details 2) - Equity Option [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement [Line Items]
Stock-based compensation pertaining to general and administrative expenses	$ 337,018	$ 1,280,372	$ 368,151	$ 1,394,966
Stock-based compensation pertaining to research and development expenses	44,610	145,272	108,113	312,724
Total	$ 381,628	$ 1,425,644	$ 476,264	$ 1,707,690

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Share capital (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jun. 30, 2022	Jun. 30, 2021
Private Placements [Member]
Statement [Line Items]
Warrants issued	2,500,000	3,878,789	2,018,348
Combined purchase price		$ 1.65
Warrant value	$ 200,000		$ 330,277
Exercise price or warrants	$ 8	$ 2	$ 2.50
Gross proceeds of before deducting fees		$ 6,400,000
Common stock shares issued		193,939
Common stock exercise price		$ 2.06
Warrants of additional paid in capital		$ 1,877,608
Private Placements [Member] | Investor [Member]
Statement [Line Items]
Warrants issued		3,878,789
Stock Option [Member]
Statement [Line Items]
Options available for granting		8,572,000
Shares issuable upon exercise of warrants, maximum		15,000,000
Percentage of issued and outstanding shares issuable maximum to one individual		15.00%

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Earnings per share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Issued common shares at beginning of period	90,279,794	78,711,151	85,545,875	77,961,151
Effect of shares issued	140,139	2,778,823	2,689,564	1,778,303
Weighted average number of common shares outstanding - basic	90,419,933	81,489,974	88,235,439	79,739,454
Weighted average number of shares outstanding - diluted	105,439,009	81,489,974	88,235,439	79,739,454

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Operating leases and other commitment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Begininng balance	$ 383,969	$ 422,297
Renewed office lease	0	184,160
Accumulated amortization	(110,997)	(222,488)
Ending balance	$ 272,972	$ 383,969

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Operating leases and other commitment (Details 1) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Beginning balance	$ 391,459	$ 425,620
Renewed office lease	0	184,160
Repayments of lease liability	(117,039)	(237,574)
Other	9,657	19,253
Ending balance	284,077	391,459
Lease liability due within one year	232,222	228,651
Lease liability long term	$ 51,855	$ 162,808

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Operating leases and other commitment (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Operating lease liability	$ 284,077	$ 391,459	$ 425,620
Future payment amount and copier rent	2,771
Future payment amount	292,240
January 1, 2019 [Member]
Statement [Line Items]
Immaterial cumulative adjustment	$ 11,667
Description average remaining life and discount rate	The discount rate ranges from 4.75% to 5.00%. The average remaining years for our lease are 1.21 years as of June 30, 2022

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New Drug Application (Details Narrative)	6 Months Ended
	Jun. 30, 2022 USD ($)
R&D expense	$ 3,117,218

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Related Party Transactions (Details) - Director [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement [Line Items]
Salaries	$ 60,000	$ 0	$ 360,000	$ 250,000
Short-term employee benefits	598	602	1,181	1,185
Stock-based compensation	349,259	184,827	411,526	414,015
Total	$ 409,857	$ 185,429	$ 772,707	$ 665,200

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Related Party Transactions (Details Narrative) - USD ($)		6 Months Ended
	May 11, 2022	Jun. 30, 2022	Jun. 30, 2021
Corporate Legal Counsel [Member]
Statement [Line Items]
Amounts paid contract for services		$ 242,500	$ 173,464
Chief Financial Officers [Member]
Statement [Line Items]
Amounts paid contract for services		$ 40,000	$ 240,000
James G. Robinson [Member]
Statement [Line Items]
Compensation shares	324,777
Issued shares of long and outstanding service	235,346
Purchase price		$ 1.65
Total value		$ 1,900,000
Warrants purchase		1,151,515
Purchase shares of common stock		1,151,515
Exercise price		$ 2