XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 21,201,005 $ 17,355,999
Prepaid expenses and other current assets 1,065,795 380,838
Total current assets 22,266,800 17,736,837
Other assets:    
Property and equipment, net 712,944 294,430
Right-of-use operating lease asset 88,768 176,304
Intangible assets, net 6,318,509 6,923,928
Goodwill 1,468,389 1,587,634
Total other assets 8,588,610 8,982,296
Total assets 30,855,410 26,719,133
Current liabilities:    
Accounts payable 710,314 683,393
Accrued liabilities 1,113,145 1,292,721
Current portion of right-of-use operating lease obligation 88,769 107,442
Derivative liability 686,000
Total current liabilities 2,598,228 2,083,556
Non-current liabilities:    
Non-current portion of right-of-use operating lease obligation 68,861
Deferred tax liability 1,486,413 1,607,122
Investment option liability 2,514,112
Warrant liability 654,937 653,674
Total non-current liabilities 4,655,462 2,329,657
Total liabilities 7,253,690 4,413,213
Commitments and contingencies (Note 7)
Mezzanine equity    
Redeemable non-controlling interest 761,434
Total mezzanine equity 761,434
Shareholders’ equity    
Preferred stock, $0.01 par value, 20,000,000 shares authorized; Series B preferred stock, $0.01 par value, 3,600,000 shares authorized, 0 shares issued and outstanding as of September 30, 2022 and December 31, 2021
Common stock, $0.01 par value, 100,000,000 shares authorized, 2,078,271 and 651,921 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 20,782 6,519
Additional paid-in capital 93,989,885 83,066,656
Accumulated deficit (70,529,884) (60,736,453)
Accumulated other comprehensive loss (640,497) (30,802)
Total shareholders’ equity 22,840,286 22,305,920
Total liabilities, mezzanine equity, and shareholders’ equity $ 30,855,410 $ 26,719,133