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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 228,640 $ 214,824 $ 416,703 $ 362,417
Cost of revenues (193,304) (204,317) (285,517) (326,677)
Gross profit 35,336 10,507 131,186 35,740
Operating expenses:        
Research and development 2,047,839 1,936,608 3,794,607 3,246,130
General and administrative 1,382,793 1,062,558 3,924,261 2,011,876
Total operating expenses 3,430,632 2,999,166 7,718,868 5,258,006
Loss from operations (3,395,296) (2,988,659) (7,587,682) (5,222,266)
Other income (expense):        
Gain on forgiveness of PPP loan   421,584   421,584
Foreign currency transaction (loss)/gain 94,900 17,330 (13,393) 44,583
Interest expense, net (214,908) (235,736) (426,622) (449,241)
Research and development incentives (26,391) 23,671 136,981 81,052
Total other income (expense) (146,399) 226,849 (303,034) 97,978
Net loss before income taxes (3,541,695) (2,761,810) (7,890,716) (5,124,288)
Income tax benefit 1,154,935 864,742 1,154,935 864,742
Net loss applicable to common stockholders $ (2,386,760) $ (1,897,068) $ (6,735,781) $ (4,259,546)
Basic net loss per share (in Dollars per share) $ (0.06) $ (0.05) $ (0.16) $ (0.11)
Diluted net loss per share (in Dollars per share) $ (0.06) $ (0.05) $ (0.16) $ (0.11)
Basic weighted average common shares outstanding (in Shares) 43,012,206 40,074,275 42,966,378 38,455,210
Diluted weighted average common shares outstanding (in Shares) 43,012,206 40,074,275 42,966,378 38,455,210
Licensing revenue        
Revenues:        
Revenues     $ 50,000  
Contract revenue        
Revenues:        
Other revenue       $ 33,351
Grant revenue        
Revenues:        
Other revenue $ 228,640 $ 214,824 $ 366,703 $ 329,066