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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING AND ADMINISTRATIVE EXPENSES        
Research and development $ 501,366 $ 257,279 $ 1,331,719 $ 990,222
General and administrative 422,694 506,892 1,570,291 2,288,972
TOTAL OPERATING AND ADMINISTRATIVE EXPENSES 924,060 764,171 2,902,010 3,279,194
LOSS FROM OPERATIONS (924,060) (764,171) (2,902,010) (3,279,194)
OTHER (EXPENSE) INCOME        
Interest income 42,496 336 93,363 568
Interest expense (31,957) (114,464) (105,498) (437,591)
Realized gain on marketable securities (11,784) (39,986)
Change in fair value of derivative liability 83,670
TOTAL OTHER INCOME (EXPENSES) (1,245) (114,128) (52,121) (353,353)
LOSS BEFORE TAX (925,305) (878,299) (2,954,131) (3,632,547)
INCOME TAX EXPENSE
NET LOSS (925,305) (878,299) (2,954,131) (3,632,547)
Other Comprehensive Loss - net of tax        
Net unrealized loss on marketable securities (165,913) (974) (360,500) (974)
Foreign exchange translation income (loss) 481 (791) (6,262) 182
TOTAL COMPREHENSIVE LOSS $ (1,090,737) $ (880,064) $ (3,320,893) $ (3,633,339)
Net loss per common share - Basic and Diluted $ (0.05) $ (0.05) $ (0.17) $ (0.26)
Weighted average common shares - Basic and Diluted 17,285,261 16,521,882 17,266,846 13,939,400