XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating expenses    
Research and development costs $ 4,788,807 $ 174,083
General and administrative expenses 20,499,052 5,322,362
Impairment of intangible assets and goodwill 38,678,918
Depreciation and amortization 656,643 120,872
Total operating expenses 64,623,420 5,617,317
Loss from operations (64,623,420) (5,617,317)
Other income (expense)    
Interest expense (10,316) (445,250)
Change in fair value of warrant liabilities 9,327,326
Inducement expense (1,125,291) (802,109)
Total other income (expense) 8,191,719 (1,247,359)
Net loss before income taxes (56,431,701) (6,864,676)
Income tax benefit 7,454,805
Net loss after income tax benefit (48,976,896) (6,864,676)
Other comprehensive gain (loss)    
Foreign currency translation gain (loss) 150,475 (169,655)
Comprehensive loss $ (48,826,421) $ (7,034,331)
Net loss per share – basic and diluted $ (2.07) $ (1.19)
Weighted average shares outstanding, basic and diluted 23,617,104 5,753,598