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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:      
Net loss $ (2,478,912) $ (9,793,431) $ (6,871,406)
Adjustments to reconcile net loss to cash used in operating activities      
Change in fair value of warrant liability (1,599,623) (3,845,514) (7,077,376)
Change in fair value of investment option liability (1,809,622) (1,809,622)
Change in fair value of derivative liability 231,000 284,000
Stock-based compensation   2,091,299 4,829,484
Inducement expense 298,714
Amortization of right-of-use asset   103,365
Amortization of intangible assets 42,187 126,563 482,115
Depreciation expense 44,458 114,850 2,240
Change in operating assets and liabilities:      
Prepaid expenses and other current assets   (758,419) 320,123
Accounts payable and accrued liabilities   (106,675) 625,748
Right-of-use operating lease liability   (91,022)
Net cash used in operating activities   (13,684,606) (7,390,358)
Cash Flows From Investing Activities:      
Purchases of property and equipment   (577,972)
Purchase of Diverse Bio license agreement   (675,000)
Cash accretive acquisition of MagicMed   3,055,327
Net cash (used in) provided by investing activities   (577,972) 2,380,327
Cash Flows From Financing Activities:      
Proceeds from sale of common stock, warrants, and investment options, net of offering costs   17,222,100 21,614,488
Proceeds from the sale of redeemable non-controlling interest, net of offering costs (see Note 6)   958,038
Proceeds from warrant exercises, net of fees   3,285,164
Net cash provided by financing activities   18,180,138 24,899,652
Effect of foreign exchange rate on cash   (72,554) (19,655)
Net increase in cash   3,845,006 19,869,966
Cash at beginning of period   17,355,999 1,578,460
Cash at end of period 21,201,005 21,201,005 21,448,426
Supplemental disclosure of cash and non-cash transactions:      
Cash paid for interest   5,114 5,191
Income taxes paid  
Investment options issued in conjunction with common stock issuance   4,323,734
Modification of warrants as part of share capital raise   251,357
Warrants issued in conjunction with common stock issuance   3,595,420
Issuance of embedded derivative   402,000
Preferred dividends attributable to redeemable non-controlling interest (12,603) 20,411
Accretion of embedded derivative to redemption value $ (110,991) 184,985
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
Fair value of Ameri warrants   $ 262,492