Annual report pursuant to Section 13 and 15(d)

Restatement of Financial Statements - Statement of Cash Flows (Details)

v3.22.2
Restatement of Financial Statements - Statement of Cash Flows (Details) - USD ($)
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Aug. 11, 2021
Jan. 03, 2020
Mar. 31, 2021
Jun. 30, 2021
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Operating Activities              
Net Loss           $ (13,770,685) $ (6,861,770)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:              
Depreciation and Amortization of Intangible Assets           45,296 33,399
Reduction of Right-of-Use Assets           181,977 166,822
Stock-Based Compensation           842,475 723,856
Expiration of Prepaid Agreement           0 159,848
Deferred Taxes           (192,603) 12,055
Paycheck Protection Program Loan Forgiveness           (278,190) 0
Goodwill Impairment           4,037,811 0
Increase (Decrease) in Operating Capital [Abstract]              
Increase (Decrease) in Prepaid Expense and Other Assets           156,951 146,971
Increase (Decrease) in Income Taxes Receivable           441,196 18,957
Increase (Decrease) in Other Operating Assets           (14,111) (18,916)
Accounts Payable           (310,665) 136,697
Lease Liabilities           (181,977) (166,822)
Accrued Expenses           40,882 (144,072)
Net Cash Used in Operating Activities           (10,675,390) (7,317,169)
Net cash used in investing activities           (157,020) (244,438)
Financing Activities              
Proceeds from Stock Offerings $ 9,800,000 $ 4,500,000       18,750,016 5,000,000
Stock Issuance Costs           (1,004,809) (498,687)
Exercise of Warrants           50,001 218,000
Net cash provided by financing activities           17,582,926 4,997,503
Effect of Exchange Rate Changes on Cash           (81,503) (26,931)
Net Cash Increase or decrease           6,669,013 (2,591,035)
Cash, Including Restricted Cash, Beginning of Year     $ 1,230,677 $ 1,230,677 $ 1,230,677 1,230,677 3,821,712
Cash, Including Restricted Cash, End of Year           7,899,690 1,230,677
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member]              
Operating Activities              
Net Loss     (2,010,618) (4,553,633) (7,588,463) (13,770,685) (6,861,770)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:              
Depreciation and Amortization of Intangible Assets     10,599 23,203 34,260 45,296 33,399
Reduction of Right-of-Use Assets     39,490 86,387 133,514 181,977 166,822
Stock-Based Compensation     216,945 479,837 629,306 842,475 723,856
Change in Fair Value of Contingent Consideration     570,203   428,480 505,675 (1,230,170)
Expiration of Prepaid Agreement             159,848
Deferred Taxes           (192,603) 12,055
Paycheck Protection Program Loan Forgiveness       (278,190) (278,190) (278,190)  
Goodwill Impairment           4,037,811  
Intangible Asset Impairment             (113,717)
Increase (Decrease) in Operating Capital [Abstract]              
Increase (Decrease) in Prepaid Expense and Other Assets     216,078 8,786 107,940 (156,951) (146,971)
Increase (Decrease) in Income Taxes Receivable     (59,706) (222,645) (335,096) (441,196) (18,957)
Increase (Decrease) in Other Operating Assets     8,073 11,153 12,826 14,111 18,916
Accounts Payable     22,583 (142,444) (9,875) (310,665) 136,697
Lease Liabilities     (39,490) (86,387) (133,514) (181,977) (166,822)
Accrued Expenses     (403,802) (315,196) 100,050 40,882 (144,072)
Net Cash Used in Operating Activities     (2,570,051) (5,485,615) (7,755,722) (10,675,390) (7,317,169)
Net cash used in investing activities     (58,119) (63,865) (63,865) (157,020) (244,438)
Financing Activities              
Proceeds from Stock Offerings     7,988,861 7,988,861 17,745,207 18,750,016  
Stock Issuance Costs           (1,004,809)  
Exercise of Warrants     50,001 50,001 50,001 50,001  
Net cash provided by financing activities     8,038,862 8,038,862 17,795,208 17,582,926 4,997,503
Effect of Exchange Rate Changes on Cash     14,123 (11,835) (54,371) (81,503) (26,931)
Net Cash Increase or decrease     5,424,815 2,477,547 9,921,250 6,669,013 (2,591,035)
Cash, Including Restricted Cash, Beginning of Year     1,230,677 1,230,677 1,230,677 1,230,677 3,821,712
Cash, Including Restricted Cash, End of Year     6,655,492 3,708,224 11,151,927 7,899,690 1,230,677
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | As reported              
Operating Activities              
Net Loss     (2,580,821) (5,050,119) (8,016,943) (16,394,919) (8,091,940)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:              
Depreciation and Amortization of Intangible Assets     10,599 23,203 34,260 45,296 33,399
Reduction of Right-of-Use Assets     39,490 86,387 133,514 181,977 166,822
Stock-Based Compensation     216,945 479,837 629,306 842,475 723,856
Change in Fair Value of Contingent Consideration           212,281  
Expiration of Prepaid Agreement             159,848
Deferred Taxes           (304,782) 12,055
Paycheck Protection Program Loan Forgiveness           (278,190)  
Goodwill Impairment           4,498,234  
Intangible Asset Impairment           1,770,314  
Increase (Decrease) in Operating Capital [Abstract]              
Increase (Decrease) in Prepaid Expense and Other Assets     216,078 8,786 107,940 (156,951) (146,971)
Increase (Decrease) in Income Taxes Receivable     (59,706) (222,645) (335,096) (441,196) (18,957)
Increase (Decrease) in Other Operating Assets     8,073 11,153 12,826 14,111 18,916
Accounts Payable     22,583 (142,444) (9,875) (310,665) 136,697
Lease Liabilities     (39,490) (86,387) (133,514) (181,977) (166,822)
Accrued Expenses     (403,802) (315,196) 100,050 40,882 (144,072)
Net Cash Used in Operating Activities     (2,570,051) (5,207,425) (7,477,532) (10,887,672) (7,317,169)
Net cash used in investing activities     (58,119) (63,865) (63,865) (157,020) (244,438)
Financing Activities              
Proceeds from Stock Offerings     7,988,861 7,988,861 17,745,207 18,750,016  
Stock Issuance Costs           (1,004,809)  
Exercise of Warrants     50,001 50,001 50,001 50,001  
Net cash provided by financing activities     8,038,862 7,760,672 17,517,018 17,795,208 4,997,503
Effect of Exchange Rate Changes on Cash     14,123 (11,835) (54,371) (81,503) (26,931)
Net Cash Increase or decrease     5,424,815 2,477,547 9,921,250 6,669,013 (2,591,035)
Cash, Including Restricted Cash, Beginning of Year     1,230,677 1,230,677 1,230,677 1,230,677 3,821,712
Cash, Including Restricted Cash, End of Year     6,655,492 3,708,224 11,151,927 7,899,690 1,230,677
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | 2020 Restatement Adjustment              
Operating Activities              
Net Loss             1,230,170
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:              
Intangible Asset Impairment             (113,717)
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | 2021 Restatement Adjustment              
Operating Activities              
Net Loss     570,203 496,486 428,480 2,624,234 1,230,170
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:              
Change in Fair Value of Contingent Consideration     $ 570,203   428,480 293,394 $ (1,230,170)
Deferred Taxes           112,179  
Paycheck Protection Program Loan Forgiveness       (278,190) (278,190)    
Goodwill Impairment           (460,423)  
Intangible Asset Impairment           (1,770,314)  
Increase (Decrease) in Operating Capital [Abstract]              
Net Cash Used in Operating Activities       (278,190) (278,190) 212,282  
Financing Activities              
Net cash provided by financing activities       $ 278,190 $ 278,190 $ (212,282)