Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of measured at fair value on a recurring basis
    Fair value     Quoted prices
in active
markets
for identical
liabilities
(Level 1)		     Significant
other
observable
inputs
(Level 2)		     Significant
unobservable
inputs
(Level 3)		  
Assets:                        
Cash equivalents   $ 10,001,263     $ 10,001,263     $     -     $ -  
                                 
Liabilities:                                
Public warrant liabilities, March 31, 2023   $ 176,000     $ 176,000     $ -     $ -  
Representative warrant liabilities, March 31, 2023   $ 11,481     $ -     $ -     $ 11,481  
                                 
Liabilities:                                
Public warrant liabilities, December 31, 2022   $ 132,000     $ 132,000     $ -     $ -  
Representative warrant liabilities, December 31, 2022   $ 8,611     $ -     $ -     $ 8,611  

 
Schedule of reconciliation of the Level 3 representative warrant liabilities
Representative warrant liabilities, December 31, 2021   $ 91,200  
Issuances    
-
  
Exercises    
-
  
Change in fair value     (49,297 )
Representative warrant liabilities, March 31, 2022   $ 41,903  

 

Representative warrant liabilities, December 31, 2022   $ 8,611  
Issuances    
-
  
Exercises    
-
  
Change in fair value     2,870  
Representative warrant liabilities, March 31, 2023   $ 11,482  

 
Schedule of net loss per share
    Three months ended
March 31,		  
    2023     2022  
Stock options     2,180,000       600,000  
Warrants     15,356,000       12,600,000  
Restricted stock units     116,666       200,000  

 
Schedule of relevant translation rates
    3/31/2023     12/31/2022  
Closing rate, British Pound (GBP) to $USD at period end     1.2364       1.2039  
Average rate, GBP to $USD for the period ended     1.2152       1.2362  
Closing rate, Euro (EUR) to $USD at period end     0.9200       0.9367  
Average rate, EUR to $USD for the period ended     0.9320       0.9517