v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Current      
Cash $ 2,044,976 $ 4,072,339 $ 2,902,762
Accounts receivable 53,083 8,650 40,585
Other receivables 12,589 41,307
Prepaid expenses 235,382 257,169 106,390
Inventory 268,413 22,353 56,340
Total current assets 2,614,443 4,401,818 3,106,077
Non-current      
Property, plant and equipment, net 12,681 12,817 7,122
Operating lease right-of-use assets, net 1,667,151 1,158,776 1,317,830
Intangible assets, net 52,445,606 52,866,192 42,278,211
Prepaid royalties, non-current 339,091 339,091 344,321
Deposits 30,000 30,000 30,000
Goodwill 7,190,656 7,190,656
Total non-current assets 61,685,185 61,597,532 43,977,484
Total assets 64,299,628 65,999,350 47,083,561
Current      
Accounts payable and accrued expenses 617,041 1,596,147 478,103
Notes payable 241,392 127,798
Due to related parties 223,661 1,132,634
Operating lease obligations 418,330 277,142 243,292
Total current liabilities 1,500,424 3,133,721 721,395
Non-current      
Operating lease obligations, net of current portion 1,248,821 881,634 1,074,538
Notes payable, net of current portion 469,252
Convertible notes 842,946 26,065
Derivative liabilities 4,423,725 2,485,346
Contingent liabilities 14,935,000 11,313,000
Total non-current liabilities 21,450,492 15,175,297 1,074,538
Total liabilities 22,950,916 18,309,018 1,795,933
Commitments and contingencies (Note 10)
Stockholders’ equity:      
Preferred stock, $0.001 par value, 25,000,000 shares authorized, no shares issued and outstanding as of June 30, 2022 and December 31, 2021
Common stock, par value $0.001, 18,750,000 shares authorized, issued and outstanding shares - 10,207,212 and 10,132,212 at June 30, 2022 and December 31, 2021, respectively 10,207 10,132 8,982
Additional paid-in capital 102,210,937 95,503,763 82,104,280
Accumulated deficit (60,872,432) (47,823,563) (36,825,634)
Total stockholders’ equity 41,348,712 47,690,332 45,287,628
Total liabilities and stockholders’ equity $ 64,299,628 $ 65,999,350 $ 47,083,561