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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities:        
Net loss $ (6,356,053) $ (2,790,505) $ (11,033,580) $ (7,314,519)
Adjustments to reconcile net loss to cash used in operating activities        
Change in fair value of warrant liability 233,821 (1,969,922) 183,164 (2,245,891)
Change in fair value of investment option liability 1,082,141 962,636
Change in fair value of derivative liability (714,000) 53,000 (727,000) 53,000
Stock-based compensation     1,412,573 1,446,162
Amortization of right-of-use asset     54,703 68,910
Amortization of intangible assets 42,187 42,187 84,375 84,375
Depreciation expense 44,331 43,315 88,629 70,392
Gain on disposal of property and equipment     (4,212)
Change in operating assets and liabilities:        
Prepaid expenses and other current assets     (1,111,913) (1,031,979)
Accounts payable and accrued liabilities     542,397 (187,902)
Right-of-use operating lease liability     (54,702) (76,686)
Net cash used in operating activities     (9,602,930) (9,134,138)
Cash Flows From Investing Activities:        
Purchases of property and equipment     (5,187) (559,398)
Proceeds from disposal of property and equipment     16,872
Net cash used in investing activities     11,685 (559,398)
Cash Flows From Financing Activities:        
Proceeds from sale of common stock, warrants, and investment options, net of offering costs     9,397,884
Redemption of Series A Preferred Stock (see Note 8)     (1,052,057)
Proceeds from the sale of redeemable non-controlling interest, net of offering     958,038
Net cash (used in) provided by financing activities     (1,052,057) 10,355,922
Effect of foreign exchange rate on cash     826 (9,434)
Net (decrease) increase in cash     (10,642,476) 652,952
Cash at beginning of period     17,723,884 17,355,999
Cash at end of period 7,081,408 18,008,951 7,081,408 18,008,951
Supplemental disclosure of cash and non-cash transactions:        
Cash paid for interest     11 4,806
Income taxes paid    
Warrants issued in conjunction with common stock issuance     3,595,420
Issuance of embedded derivative     402,000
Issuance of redeemable non-controlling Series C preferred stock     527
Preferred dividends attributable to redeemable non-controlling interest   7,808 19,041 7,808
Accretion of embedded derivative to redemption value $ 36,997 $ 73,994 $ 147,988 $ 73,994