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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 12,561,813 $ 17,723,884
Prepaid expenses and other current assets 2,277,187 708,053
Total current assets 14,839,000 18,431,937
Other assets:    
Property and equipment, net 638,935 677,485
Right-of-use operating lease asset 37,041 63,817
Intangible assets, net 337,498 379,686
Total other assets 1,013,474 1,120,988
Total assets 15,852,474 19,552,925
Current liabilities:    
Accounts payable 1,792,959 463,275
Accrued liabilities 1,028,182 1,705,655
Current portion of right-of-use operating lease obligation 37,044 63,820
Investment option liability 731,503 851,008
Warrant liability 134,558 185,215
Derivative liability 714,000 727,000
Total current liabilities 4,438,246 3,995,973
Commitments and contingencies (Note 8)  
Mezzanine equity    
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of March 31, 2023 and December 31, 2022
Redeemable non-controlling interest 1,008,348 885,028
Total mezzanine equity 1,008,348 885,028
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 March 31, 2023 and December 31, 2022
Common stock, $0.01 par value, 100,000,000 shares authorized, 2,078,271 shares issued and outstanding as of March 31, 2023 and December 31, 2022 20,782 20,782
Additional paid-in capital 94,805,177 94,395,662
Accumulated deficit (83,885,313) (79,207,786)
Accumulated other comprehensive loss (534,766) (536,734)
Total shareholders’ equity 10,405,880 14,671,924
Total liabilities, mezzanine equity, and shareholders’ equity $ 15,852,474 $ 19,552,925