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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | The following table presents the Company’s cash, cash equivalents, and restricted cash as of December 31, 2021 and 2020:
|  | December 31,
|  | 2021 |  | 2020
Cash and cash equivalents |  | $ | 49,635,197 |  |  | $ | 290,670 |
Restricted cash |  | 50,389 |  |  | 50,367 |
Total cash, cash equivalents and restricted cash |  | $ | 49,685,586 |  |  | $ | 341,037 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding for the years ended December 31, 2021 and 2020, as they would be anti-dilutive:
|  | December 31,
|  | 2021 |  | 2020
Stock options |  | 506,691 |  |  | 24,830 |
Unvested restricted stock units |  | — |  |  | 45 |
Warrants |  | 5,500,000 |  |  | 160,108 |
|  | 6,006,691 |  |  | 184,983 |
Schedule of Basic and Diluted Earnings Per Share | The two-class method was more dilutive for the year ended December 31, 2020.
| Years Ended
| December 31, 2021 |  | December 31, 2020
Basic net (loss) income per common share calculation: |  |  |
Net (loss) income attributable to common shareholders | $ | (10,456,870) |  |  | $ | 6,644,465 |
Less: undistributed earnings to participating securities | — |  |  | (5,573,558) |
Net (loss) income attributable to common shareholders - basic | $ | (10,456,870) |  |  | $ | 1,070,907 |
Weighted average common shares outstanding - basic | 2,833,674 |  |  | 348,368 |
Net (loss) income per share - basic | $ | (3.69) |  |  | $ | 3.07 |
Diluted net (loss) income per common share calculation: |  |  |
Net (loss) income attributable to common shareholders | $ | (10,456,870) |  |  | $ | 6,644,465 |
Less: undistributed earnings to participating securities | — |  |  | (5,573,558) |
Less: change in fair value of convertible promissory notes and interest expense | — |  |  | (9,216,633) |
Net (loss) income attributable to common shareholders – diluted | $ | (10,456,870) |  |  | $ | (8,145,726) |
Weighted average common shares outstanding - basic | 2,833,674 |  |  | 348,368 |
Convertible securities | — |  |  | 1,706,507 |
Weighted average common shares outstanding - diluted | 2,833,674 |  |  | 2,054,875 |
Net (loss) income per share - diluted | $ | (3.69) |  |  | $ | (3.96) |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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