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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue

Disaggregation of Revenue. In the following tables, revenues reported for the year ended December 31, 2021, under Topic 606, is disaggregated by type of revenue.

Schedule of Disaggregation of Revenue 

Type of Revenue
Licensing		$	11,000,000
Sales-based royalties			54,994
Minimum guaranteed royalties			4,050,000
Materials			1,035,844
Revenue		$	16,140,838

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

 Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

		Year Ended
		2021				2020
Research and development		$	280,186			$	583,212
General and administrative			323,760				789,970
		$	603,946			$	1,373,182

Schedule of Key Assumption of Fair Value of Stock Options Granted

For options granted in 2021 and 2020, the Company calculated the fair value of each option grant on the respective dates of grant using the following weighted average assumptions:

 Schedule of Key Assumption of Fair Value of Stock Options Granted

		2021				2020
Expected term			5.83 years				5.83 years
Risk-free interest rate			1.04	%			0.93	%
Expected dividend yield			—				—
Expected volatility			102.18	%			100.32	%

Schedule of Fair Value, Assets Measured on Recurring Basis

 Schedule of Fair Value, Assets Measured on Recurring Basis

		December 31,				Fair value measurements at reporting date using
		2021				Level 1 inputs				Level 2 inputs				Level 3 inputs
Assets:
Cash equivalents - money market funds		$	2,089,751			$	2,089,751			$	-			$	-
Government treasury bills			5,515,920				5,515,920				-				-
Commercial paper			15,385,634				-				15,385,634				-
Corporate bonds and notes			22,787,651				-				22,787,651				-
		$	45,778,956			$	7,605,671			$	38,173,285			$	-
Liabilities:
Warrant liability		$	795,796				-				-				795,796
		$	46,574,752			$	7,605,671			$	38,173,285			$	795,796

			December 31,				Fair value measurements at reporting date using
			2020				Level 1 inputs				Level 2 inputs				Level 3 inputs
Assets:
Cash equivalents - money market funds		$	18,399,585			$	18,399,585			$	-			$	-
Commercial paper			449,992				-				449,992				-
		$	18,849,577			$	18,399,585			$	449,992			$	-
Liabilities:
Warrant liability		$	1,170,051				-				-				1,170,051
		$	20,019,628			$	18,399,585			$	449,992			$	1,170,051

Schedule of Computation of Basic and Diluted Earnings (loss) Per Share of Common Stock

The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock for the years ended December 31, 2021 and 2020.

 Schedule of Computation of Basic and Diluted Earnings (loss) Per Share of Common Stock

		Year Ended December 31,
		2021				2020
Basic loss per share attributable to common stock:
Numerator
Net loss		$	(634,399	)		$	(20,964,819	)
Denominator
Weighted avg. common shares outstanding			86,934,618				55,688,085
Basic loss per share attributable to common stock		$	(0.01	)		$	(0.38	)
Diluted loss per share attributable to common stock:
Numerator
Net loss		$	(634,399	)		$	(20,964,819	)
Denominator
Weighted avg. common shares outstanding			86,934,618				55,688,085
Diluted loss per share attributable to common stock		$	(0.01	)		$	(0.38	)

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share for the years ended December 31, 2021 and 2020 does not include the following stock options or warrants to purchase shares in the computation of diluted earnings per share because these instruments were antidilutive:

 Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

		December 31,
		2021				2020
Stock options			4,551,205				3,564,458
Warrants			1,934,366				1,944,366

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