v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (11,250,480) $ (11,891,791)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 23,899 2,791
Amortization expense 227,418 0
Noncash equity expense 0 235,538
Stock based compensation (613,147) 3,779,199
Noncash lease expense 733 711
Services obtained for common shares 355,200 299,000
Changes in operating assets and liabilities:    
Other current assets 547,369 (196,542)
Accounts receivable (2,151) 0
Short term investments (28,502) 0
Prepaid expenses 734,892 0
Contract asset (63,850) 0
Accounts payable and accrued expenses 5,961,805 2,157,297
Deferred revenue 176,747 0
Net cash used in operating activities (3,930,067) (5,613,797)
Cash flows from investing activities:    
Purchase of property and equipment (6,454) (22,790)
Acquired net assets 0 537,751
Net cash provided by (used in) investing activities (6,454) 514,961
Cash flows from financing activities:    
Proceeds from issuance of common 6,405,195 0
Proceeds from issuance of preferred shares 0 5,685,113
Proceeds from issuance of long-term debt 500,000 14,870,740
Payment of debt issuance costs 0 (329,260)
Repayments on notes payable (9,303,514) 0
Net cash provided by (used in) financing activities (2,398,319) 20,226,593
Effect of exchange rate change on cash and equivalents 43,862 0
Increase (decrease) in cash and cash equivalents (6,290,978) 15,127,757
Cash, cash equivalents, and restricted cash, beginning of year 6,844,732 593,869
Cash, cash equivalents, and restricted cash end of year 553,754 15,721,626
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 539,842 279,329
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Right of use asset exchanged for lease liability 1,099 229,868
Non-cash consideration of acquisition of ImQuest through the issuance of preferred stock 0 15,332,495
Non-cash equity fees 0 365,408
Debt Principal Converted to Equity [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal converted 0 1,804,500
Debt Interest Converted to Equity [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal converted $ 0 $ 490,470