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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (4,522,934) $ (2,548,735)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 286
Stock based compensation 1,518,756 1,654,754
Change in fair value of the derivative liability (83,670) (248,552)
Gain on sale of marketable securities 2,486
Amortization of debt discount 427,137 154,899
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (480,510) (164,802)
Accounts payable and accrued expenses 340,121 (196,629)
NET CASH USED IN OPERATING ACTIVITIES (2,798,614) (1,348,779)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of marketable securities 485,946
Purchase of marketable securities (10,395,547)
NET CASH USED IN INVESTING ACTIVITIES (9,909,601)
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of warrants for cash 327,125
Exercise of options for cash 542,500
Issuance of shares and warrants from offering, net of offering costs 11,708,039
Proceeds from notes payable 100,000
Repayment of notes payable (100,000)
Debt discount from issuance costs paid on PIK convertible notes (104,090)
Proceeds from PIK convertible notes 1,177,500
Proceeds from PIK convertible notes - related party 150,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 12,577,664 1,223,410
Effect of exchange rate on cash 631 (2,163)
NET DECREASE IN CASH (129,920) (127,532)
CASH, BEGINNING OF THE YEAR 671,091 798,623
CASH, END OF THE YEAR 541,171 671,091
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest expense
Cash paid for income taxes
NONCASH FINANCING AND INVESTING TRANSACTIONS    
Shares issued for conversion of notes and interest 1,594,968
Debt discount from beneficial conversion feature 104,204
Debt discount from warrants issued to placement agents 179,679
Issuance of options for settlement of accrued payroll 93,950
Unrealized loss on marketable securities $ 77,029