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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING AND ADMINISTRATIVE EXPENSES        
Research and development $ 160,515 $ 140,592 $ 830,353 $ 732,943
General and administrative 476,159 1,168,241 1,147,597 1,782,080
TOTAL OPERATING AND ADMINISTRATIVE EXPENSES 636,674 1,308,833 1,977,950 2,515,023
LOSS FROM OPERATIONS (636,674) (1,308,833) (1,977,950) (2,515,023)
OTHER (EXPENSE) INCOME        
Interest income 32,900 227 50,867 232
Interest expense (39,697) (239,190) (73,541) (323,127)
Realized gain on marketable securities (23,246) (28,202)
Change in fair value of derivative liability 83,670
TOTAL OTHER INCOME (EXPENSES) (30,043) (238,963) (50,876) (239,225)
LOSS BEFORE TAX (666,717) (1,547,796) (2,028,826) (2,754,248)
INCOME TAX EXPENSE
NET LOSS (666,717) (1,547,796) (2,028,826) (2,754,248)
Other Comprehensive Loss - net of tax        
Net unrealized gain (loss) on marketable securities (43,417) 482 (194,587)
Foreign exchange translation income (loss) (6,903) (6,743) 973
TOTAL COMPREHENSIVE LOSS $ (717,037) $ (1,547,314) $ (2,230,156) $ (2,753,275)
Net loss per common share - Basic and Diluted $ (0.04) $ (0.11) $ (0.12) $ (0.22)
Weighted average common shares - Basic and Diluted 17,280,692 14,487,277 17,257,434 12,488,906