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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (2,954,131) $ (3,632,547)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation 665,993 1,300,590
Change in fair value of the derivative liability (83,670)
Realized loss on sale of marketable securities 39,986
Amortization of debt discount 85,343 378,293
Changes in operating assets and liabilities    
Prepaid expenses 587,084 (594,260)
Accounts payable and accrued expenses (237,153) 238,069
NET CASH USED IN OPERATING ACTIVITIES (1,812,878) (2,393,525)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 1,538,567
Purchase of marketable securities (103,359) (10,395,547)
NET CASH PROVIDED BY INVESTING ACTIVITIES 1,435,208 (10,395,547)
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)
NET CASH PROVIDED BY FINANCING ACTIVITIES 12,577,664
Effect of exchange rate changes on cash (5,178) 432
NET CHANGE IN CASH (382,848) (210,976)
CASH, BEGINNING OF THE PERIOD 541,171 671,091
CASH, END OF THE PERIOD 158,323 460,115
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 94,985 1,275,420
Unrealized loss on marketable securities $ 360,500 $ 974