v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,574,240) $ (549,609)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,014
Stock-based compensation 135,630
Change in fair value of warrant liabilities (785,297)
Changes in operating assets and liabilities:    
Changes in prepaid expenses (294,989) (65,086)
Changes in accounts payable and accrued liabilities (13,596) 232,850
Net cash used in operating activities (2,527,478) (381,845)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (113,867)
Net cash used in investing activities (113,867)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash proceeds from issuance of common stock 1,208,926
Net cash provided by financing activities 1,208,926
Effect of foreign currency translation on cash (4,155)
NET CHANGE IN CASH (2,645,500) 827,081
Cash - Beginning of period 52,966,706 243,650
Cash - End of period $ 50,321,206 $ 1,070,731

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