Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of assets measured at fair value on a recurring basis
          Fair value measurements at reporting
date using:		  
Description   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 and cash equivalents, March 31, 2022   $ 50,321,206     $ 50,321,206     $
-
     $
-
  
                                 
Liabilities:                                
Public Warrant liabilities, March 31, 2022   $ 625,600     $ 625,600     $
-
     $ -  
Representative Warrant liabilities, March 31, 2022   $ 41,903     $ -     $ -     $ 41,903  
                                 
Assets:                                
Cash and cash equivalents, December 31, 2021   $ 52,966,706     $ 52,966,706     $
-
     $
-
  
                                 
Liabilities:                                
Public Warrant liabilities, December 31, 2021   $ 1,361,600     $
-
     $
-
     $ 1,361,600  
Representative Warrant liabilities, December 31, 2021   $ 91,200     $ -     $ -     $ 91,200  

 
Schedule of net loss per share computed by dividing net loss by weighted average number of common shares
    Three months ended
March 31,		  
    2022     2021  
               
Stock options     600,000      
            -
 
Warrants     12,600,000      
-
  
Restricted stock units     200,000      
-
  

 
Schedule of relevant translation rates
    March 31,
2022		     December 31,
2021		  
             
Closing rate, British Pound (GBP) to US$ at period end     1.316       1.348  
Average rate, GBP to US$ for the period ended     1.341       1.371  
Closing rate, Euro (EUR) to US$ at period end     1.112       1.132  
Average rate, EUR to US$ for the period ended     1.122       1.143