v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net Loss $ (5,965,825) $ (4,553,633)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 21,054 23,203
Reduction of Right-of-Use Assets 87,242 86,387
Stock-Based Compensation 287,175 479,837
Change in Fair Value of Contingent Consideration 266,833 (496,486)
Paycheck Protection Program Loan Forgiveness   (278,190)
Gain on Disposal of Equipment (4,211)  
Changes in Operating Assets and Liabilities:    
Prepaid Expenses (838,528) 8,786
Tax Receivable (68,046) (222,645)
Other Assets (3,397) 11,153
Accounts Payable 641,443 (142,444)
Lease Liabilities (96,682) (86,387)
Accrued Expenses 341,616 (315,196)
Net Cash Used in Operating Activities (5,331,325) (5,485,615)
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 Stock Offerings, Net of Offering Costs 0 7,988,861
Exercise of Warrants   50,001
Net Cash Provided by Financing Activities 0 8,038,862
Effect of Exchange Rate Changes on Cash (97,530) (11,835)
Net (Decrease) Increase in Cash (5,422,481) 2,477,547
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 7,899,690 1,230,677
Cash, Cash Equivalents and Restricted Cash, End of Period 2,477,209 3,708,224
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 $ 201,089

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