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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2021
Jun. 30, 2020
Operating expenses:      
Research and development $ 4,659,280 $ 7,567,984 $ 1,994,709
General and administrative 12,457,534 14,558,936 1,141,390
Settlement expense   21,365,641  
Reimbursement of expenses from Relief Therapeutics   (771,244) (2,020,931)
Total operating expenses 17,116,814 42,721,317 1,115,168
Income (loss) from operations (17,116,814) (42,721,317) (1,115,168)
Other (income) expenses:      
Gain on extinguishment of debt   (120,810)  
Interest expense 5,107 10,288 38,800
Change in fair value of warrant liability (1,468,649) (1,468,649)  
Change in fair value of Earnout Cash liability 354,701 354,701  
Change in fair value of embedded put     27,160
Loss on conversion of convertible notes payable     306,641
Total other (income) expenses (1,108,841) (1,224,470) 372,601
Loss before tax (16,007,973) (41,496,847) (1,487,769)
Provision for income taxes   0  
Net loss (16,007,973) (41,496,847) (1,487,769)
Deemed dividend - warrants (2,691,799) (2,691,799)  
Deemed dividend - Earnout Shares 253,130,272 253,130,272  
Net income (loss) attributable to common stockholders $ (271,830,043) $ (297,318,917) $ (1,487,769)
Net earnings (loss) per share:      
Basic $ (0.38) $ (1.07) $ (0.04)
Diluted (0.38) (1.07) (0.04)
Net earnings (loss) per share attributable to common stockholders:      
Basic (6.51) (7.68) (0.04)
Diluted $ (6.51) $ (7.68) $ (0.04)
Weighted average common shares outstanding:      
Basic 41,727,480 38,709,614 33,799,503
Diluted 41,727,480 38,709,614 33,799,503