Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited) - Statement of Operations and Comprehensive Loss (Details)

v3.22.2
Quarterly Financial Information (Unaudited) - Statement of Operations and Comprehensive Loss (Details) - USD ($)
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2021
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS              
Research and Development           $ 5,350,264 $ 3,566,045
General and Administrative           5,323,649 4,658,769
Change in fair value of contingent consideration           (475,956) (1,230,170)
Total Operating Expenses           14,235,768 6,880,927
Operating Loss before Other Income           (14,235,768) (6,868,868)
Other Income, net:              
Gain on Forgiveness of Loan           278,190 0
Interest Income           1,141 23,339
Interest Expense           (6,851) (4,186)
Total other (expense) income           272,480 19,153
Loss Before Income Tax Benefit (Expense)           (13,963,288) (6,849,715)
Income Tax Benefit (Expense)           (192,603) 12,055
Net Loss           $ (13,770,685) $ (6,861,770)
Weighted-Average Shares Outstanding- Basic           9,643,961 4,591,491
Weighted-Average Shares Outstanding- Diluted         8,504,465 9,643,961 4,591,491
Net Loss per Common Share - Basic           $ (1.43) $ (1.49)
Net Loss per Common Share - Diluted         $ (0.89) $ (1.43) $ (1.49)
Other comprehensive loss:              
Net Loss           $ (13,770,685) $ (6,861,770)
Foreign Currency Translation Adjustments           (85,629) (26,550)
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member]              
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS              
Research and Development $ 1,628,467 $ 1,439,922 $ 1,280,242 $ 2,720,164 $ 4,348,631 5,350,264 3,566,045
General and Administrative 1,338,616 1,305,865 1,300,143 2,606,008 3,944,624 5,323,649 4,658,769
Contingent Consideration Expense (Recovery)     (570,203)        
Change in fair value of contingent consideration       (496,486) (428,480) 475,956 (1,230,170)
Total Operating Expenses 3,035,089 2,819,504 2,010,182 4,829,686 7,864,775 14,235,768 6,880,927
Operating Loss before Other Income (3,035,089) (2,819,504) (2,010,182) (4,829,686) (7,864,775) (14,235,768) (6,868,868)
Other Income, net:              
Gain on Forgiveness of Loan   278,190   278,190 278,190 278,190  
Interest Income 259 332 250 582 841 1,141 23,339
Interest Expense   (2,033) (686) (2,719) (2,719) 6,851 4,186
Total other (expense) income 259 276,489 (436) 276,053 276,312 272,480 19,153
Loss Before Income Tax Benefit (Expense) $ (3,034,830) $ (2,543,015) (2,010,618) (4,553,633) (7,588,463) (13,963,288) (6,849,715)
Income Tax Benefit (Expense)           192,603 (12,055)
Net Loss     $ (2,010,618) $ (4,553,633) $ (7,588,463) $ (13,770,685) $ (6,861,770)
Weighted-Average Shares Outstanding- Basic 10,668,569 7,466,211 7,357,899 7,409,363 8,504,465 9,643,961 4,591,491
Weighted-Average Shares Outstanding- Diluted 10,668,569 7,466,211 7,357,899 7,409,363   9,643,961 4,591,491
Net Loss per Common Share - Basic $ (0.28) $ (0.34) $ (0.27) $ (0.61) $ (0.89) $ (1.43) $ (1.49)
Net Loss per Common Share - Diluted $ (0.28) $ (0.34) $ (0.27) $ (0.61)   $ (1.43) $ (1.49)
Other comprehensive loss:              
Net Loss     $ (2,010,618) $ (4,553,633) $ (7,588,463) $ (13,770,685) $ (6,861,770)
Net Loss $ (3,034,830) $ (2,543,015) (2,010,618) (4,553,633) (7,588,463)    
Foreign Currency Translation Adjustments (44,734) (24,807) 10,473 (14,334) (59,068) (85,629) (26,550)
Comprehensive Loss (3,079,564) (2,567,822) (2,000,145) (4,567,967) (7,647,531)    
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | As reported              
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS              
Research and Development 1,628,467 1,439,922 1,280,242 2,720,164 4,348,631 5,350,264 3,566,045
General and Administrative 1,338,616 1,305,865 1,300,143 2,606,008 3,944,624 5,323,649 4,658,769
Total Operating Expenses 2,967,083 2,745,787 2,580,385 5,326,172 8,293,255 16,942,461 8,224,814
Operating Loss before Other Income (2,967,083) (2,745,787) (2,580,385) (5,326,172) (8,293,255) (16,942,461) (8,212,755)
Other Income, net:              
Gain on Forgiveness of Loan   278,190   278,190 278,190 278,190  
Interest Income 259 332 250 582 841 1,141 23,339
Interest Expense   (2,033) (686) (2,719) (2,719) 6,851 4,186
Total other (expense) income 259 276,489 (436) 276,053 276,312 242,761 132,870
Loss Before Income Tax Benefit (Expense) $ (2,966,824) $ (2,469,298) (2,580,821) (5,050,119) (8,016,943) (16,699,700) (8,079,885)
Income Tax Benefit (Expense)           304,781 (12,055)
Net Loss     $ (2,580,821) $ (5,050,119) $ (8,016,943) $ (16,394,919) $ (8,091,940)
Weighted-Average Shares Outstanding- Basic 10,265,108 7,062,750 6,954,438 7,005,902 8,101,004 9,240,500 4,576,058
Weighted-Average Shares Outstanding- Diluted 10,265,108 7,062,750 6,954,438 7,005,902 8,101,004 9,240,500 4,576,058
Net Loss per Common Share - Basic $ (0.29) $ (0.35) $ (0.37) $ (0.72) $ (0.99) $ (1.77) $ (1.77)
Net Loss per Common Share - Diluted $ (0.29) $ (0.35) $ (0.37) $ (0.72) $ (0.99) $ (1.77) $ (1.77)
Other comprehensive loss:              
Net Loss     $ (2,580,821) $ (5,050,119) $ (8,016,943) $ (16,394,919) $ (8,091,940)
Net Loss $ (2,966,824) $ (2,469,298) (2,580,821) (5,050,119) (8,016,943)    
Foreign Currency Translation Adjustments (44,734) (24,807) 10,473 (14,334) (59,068) (85,629) (26,550)
Comprehensive Loss (3,011,558) (2,494,105) (2,570,348) (5,064,453) (8,076,011)    
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | 2021 Restatement Adjustment              
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS              
Contingent Consideration Expense (Recovery)     (570,203)        
Change in fair value of contingent consideration       (496,486) (428,480) 475,956  
Total Operating Expenses 68,006 73,717 (570,203) (496,486) (428,480) (2,706,693)  
Operating Loss before Other Income (68,006) (73,717) 570,203 496,486 428,480 2,706,693  
Other Income, net:              
Total other (expense) income           29,719  
Loss Before Income Tax Benefit (Expense) $ (68,006) $ (73,717) 570,203 496,486 428,480 2,736,412  
Income Tax Benefit (Expense)           (112,178)  
Net Loss     $ 570,203 $ 496,486 $ 428,480 $ 2,624,234 1,230,170
Weighted-Average Shares Outstanding- Basic 403,461 403,461 403,461 403,461 403,461 403,461  
Weighted-Average Shares Outstanding- Diluted 403,461 403,461 403,461 403,461 403,461 403,461  
Other comprehensive loss:              
Net Loss     $ 570,203 $ 496,486 $ 428,480 $ 2,624,234 $ 1,230,170
Net Loss $ (68,006) $ (73,317) 570,203 496,486 428,480    
Comprehensive Loss $ (68,006) $ (73,317) $ 570,203 $ 496,486 $ 428,480