Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 5 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,970) $ (2,803,644)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 314,665
Value of shares issued for services 750,000
Change in fair value of warrant liabilities 252,000
Changes in prepaid expenses (10,000) (496,752)
Changes in accounts payable and accrued liabilities 521,493
Net cash used in operating activities (23,970) (1,429,725)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (8,570)
Net cash used in investing activities (8,570)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash proceeds from sale of Units 33,000 21,862,200
Cash proceeds from issuance of common stock 1,208,926
Payment of offering costs (1,307,400)
Net cash provided by financing activities 33,000 21,763,726
Effect of foreign currency translation (3,762)
NET CHANGE IN CASH AND CASH EQUIVALENTS 9,030 20,321,669
Cash and cash equivalents - Beginning of period 243,650
Cash and cash equivalents - End of period $ 9,030 $ 20,565,319