SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Deferred Revenue

Deferred revenue for the nine months ended September 30, 2023 was as follows:

Balance as of January 1, 2023	$	13,000
Additions		29,350
Recognized as revenue		(42,350	)
Balance as of September 30, 2023	$	-

Net Loss Attributable to Common Shareholders

Net loss attributable to common shareholders for the three and nine months ended September 30, 2023 was as follows:

	Three months ended			Nine months ended
	September 30, 2023			September 30, 2023
Net Loss	$	(1,909,273	)	$	(11,906,097	)
Down round deemed dividend		-			(11,653,986	)
Net Loss attributable to common shareholders		(1,909,273	)		(23,560,083	)
Earnings Per Share (Basic and Diluted)		(4.04	)		(66.40	)

Cumulative Effect of Changes in Fianancial Statement

The cumulative effect of the changes made to the Company’s January 1, 2023, unaudited condensed balance sheet for the adoption of ASU 2020-06 is as follows:

	Balance at December 31, 2022			Adjustments Due to Adoption			Balance at January 1, 2023
Liabilities
Non-current convertible notes, net	$	5,268,399		$	3,686,243		$	8,954,642
Shareholders' equity
Additional paid in capital		452,135,653			(3,795,874	)		448,339,779
Accumulated deficit		(447,537,493	)		109,631			(447,427,862	)

The impact due to the change in accounting principle on net income and earnings per share for the three and nine months ended September 30, 2023 is as follows:

	Post ASU 2020-06			Pre ASU 2020-06			Difference
Three months ended September 30, 2023
Net Loss	$	(1,909,273	)	$	(5,668,147	)	$	3,758,874
Net Loss attributable to common shareholders		(1,909,273	)		(5,668,147	)		3,758,874
Earnings Per Share (Basic and Diluted)		(4.04	)		(11.98	)		(7.94	)
Nine months ended September 30, 2023
Net Loss	$	(11,906,097	)	$	(20,553,708	)	$	8,647,611
Net Loss attributable to common shareholders		(23,560,083	)		(32,207,694	)		8,647,611
Earnings Per Share (Basic and Diluted)		(66.40	)		(90.77	)		(24.37	)