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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net Loss $ (48,976,896) $ (6,864,676)
Adjustments to reconcile net loss to cash used in operating activities    
Change in fair value of warrant liability (9,327,326)
Stock issued in lieu of cash for services 33,467
Stock-based compensation 12,597,001 1,977,155
Accrued interest 156,619
Amortization of debt discount 288,631
Inducement expense 1,125,291 802,109
Amortization of right-of-use operating lease asset 24,969
Depreciation expense 13,310
Impairment of intangible assets and goodwill 38,678,918
Amortization of intangible assets 643,333 120,872
Non-cash income tax benefit (7,454,805)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 826,837 (636,497)
Accounts payable, and accrued liabilities 383,199 267,002
Right-of-use operating lease liability (24,969)
Net cash used in operating activities (11,457,671) (3,888,785)
Cash flows from investing activities:    
Purchase of license agreements (675,000) (44,143)
Cash accretive acquisition of MagicMed 3,055,328
Equipment purchases (189,719)
Net cash (used in) provided by investing activities 2,190,609 (44,143)
Cash flows from financing activities:    
Proceeds from convertible notes payable 50,000
Proceeds from note payable, net of offering costs 1,812,410
Offering and reverse merger proceeds 3,372,500
Proceeds from sales of common stock and warrants, net 21,614,488 488,000
Proceeds from exercise of cash warrants 3,285,171
Repayment of note payable (191,640)
Net cash provided by financing activities 24,899,659 5,531,270
Effect of foreign exchange rate on cash 144,942 (63,596)
Net increase in cash 15,777,539 1,534,746
Cash – beginning of the year 1,578,460 43,714
Cash – end of the year 17,355,999 1,578,460
Supplemental disclosure of non-cash transactions:    
Right-of-use assets obtained in exchange for lease liabilities 201,653
Supplemental non-cash financing activities:    
Issuance of Common Stock pursuant to MagicMed amalgamation 39,042,282
Deferred tax liability incurred due to MagicMed amalgamation 9,061,927
Conversion of preferred stock to common stock 32,754
Fair value of warrants issued 9,981,000
Beneficial conversion feature issued with note payable 17,851
Warrants issued in conjunction with notes payable 32,149
Common stock issued for accounts payable 756,523
Common stock issued in conjunction with note payable modification 101,713
Conversion of related party advances and notes payable into common stock 679,569
Common stock issued for skincare license 1,900,546
Supplemental cash financing activities:    
Cash paid for interest $ 10,316