v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net Loss $ (11,085,164) $ (7,588,463)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 31,324 34,260
Reduction of Right-of-Use Assets 113,574 133,514
Stock-Based Compensation 417,328 629,306
Change in Fair Value of Contingent Consideration 604,348 (428,480)
Change in Fair Value of Warranty Liability 1,425,102  
Paycheck Protection Program Loan Forgiveness   (278,190)
Gain on Disposal of Equipment (4,211)  
Changes in Operating Assets and Liabilities:    
Prepaid Expenses 342,029 107,940
Tax Receivable (1,174,109) (335,096)
Other Assets 2,596 12,826
Accounts Payable 635,153 (9,875)
Lease Liabilities (124,784) (133,514)
Accrued Expenses 517,681 100,050
Net Cash Used in Operating Activities (8,299,133) (7,755,722)
Investing Activities:    
Purchases of Property and Equipment   (63,865)
Proceeds on Sale of Equipment 6,375  
Net Cash Provided by (Used in) Investing Activities 6,375 (63,865)
Financing Activities:    
Proceeds from Public Offerings, Net of Offering Costs 5,377,719 17,745,207
Exercise of Warrants   50,001
Net Cash Provided by Financing Activities 5,377,719 17,795,208
Effect of Exchange Rate Changes on Cash (133,998) (54,371)
Net (Decrease) Increase in Cash (3,049,037) 9,921,250
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 7,899,690 1,230,677
Cash, Cash Equivalents and Restricted Cash, End of Period 4,850,653 11,151,927
Supplemental Disclosures of Noncash Operating and Financing Activities    
Conversion of Preferred Stock into Common Stock 1,600 213
Amounts Owed for Fractional Shares Related to the Reverse Stock Split in Accounts Payable 15,629  
ASU 2016-02 | Cumulative Effect, Period of Adoption, Adjustment [Member]    
Supplemental Disclosures of Noncash Operating and Financing Activities    
Creation of Right-of-Use Assets and Related Lease Liabilities $ 55,415 $ 313,312

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