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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 166,140 $ 186,198 $ 582,843 $ 548,615
Cost of revenues (129,440) (166,265) (414,957) (492,942)
Gross profit 36,700 19,933 167,886 55,673
Operating expenses:        
Research and development 1,791,695 2,237,565 5,586,302 5,483,695
General and administrative 1,326,249 1,147,279 5,250,510 3,159,155
Total operating expenses 3,117,944 3,384,844 10,836,812 8,642,850
Loss from operations (3,081,244) (3,364,911) (10,668,926) (8,587,177)
Other income (expense):        
Gain on forgiveness of PPP loan       421,584
Foreign currency transaction (loss)/gain (12,613) (66,967) (26,006) (22,384)
Interest expense, net (215,146) (227,271) (641,768) (676,512)
Research and development incentives   40,844 136,981 121,896
Other income (expense)   30,754   30,754
Total other income (expense) (227,759) (222,640) (530,793) (124,662)
Net loss before income taxes (3,309,003) (3,587,551) (11,199,719) (8,711,839)
Income tax benefit 1,154,935 864,742 1,154,935 864,742
Net loss applicable to common stockholders $ (3,309,003) $ (3,587,551) $ (10,044,784) $ (7,847,097)
Basic net loss per share (in Dollars per share) $ (0.08) $ (0.09) $ (0.23) $ (0.20)
Diluted net loss per share (in Dollars per share) $ (0.08) $ (0.09) $ (0.23) $ (0.20)
Basic weighted average common shares outstanding (in Shares) 43,083,690 40,697,888 43,005,912 39,210,984
Diluted weighted average common shares outstanding (in Shares) 43,083,690 40,697,888 43,005,912 39,210,984
Licensing revenue        
Revenues:        
Revenues     $ 50,000  
Contract revenue        
Revenues:        
Other revenue       $ 33,351
Grant revenue        
Revenues:        
Other revenue $ 166,140 $ 186,198 $ 532,843 $ 515,264