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v3.22.2.2

Recent Developments, Liquidity and Management’s Plans (Details Narrative) - USD ($) |  |  | 3 Months Ended | 9 Months Ended | 12 Months Ended |  |  |
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Apr. 16, 2022 | Apr. 16, 2021 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Aug. 17, 2022 | Dec. 31, 2020 | Mar. 23, 2020
Goodwill |  |  | $ 10,498,539 |  |  |  |  |  | $ 10,498,539 |  | $ 10,498,539 |  |  |
Fair market value price per share |  |  |  |  |  |  |  |  |  |  |  | $ 4.25 |  |
Cash on hand |  |  | 309,926 |  |  |  |  |  | 309,926 |  | 555,967 |  |  |
Marketable securities |  |  | 6,774,381 |  |  |  |  |  | 6,774,381 |  | 11,003,071 |  |  |
Loss from operations |  |  | 3,693,741 |  |  | $ 5,467,281 |  |  | 11,451,818 | $ 26,649,321 |  |  |  |
Working capital |  |  | 6,296,506 |  |  |  |  |  | 6,296,506 |  |  |  |  |
Stockholders' equity |  |  | 18,327,047 | $ 16,118,343 | $ 19,622,140 | 25,891,924 | $ 31,074,335 | $ (8,346,738) | 18,327,047 | 25,891,924 | 23,647,174 |  | $ (5,257,034) |
Accumulated deficit |  |  | 90,013,386 |  |  |  |  |  | 90,013,386 |  | 78,561,568 |  |  |
Net cash provided by operating activities |  |  |  |  |  |  |  |  | 10,021,664 | 14,704,008 |  |  |  |
Net loss |  |  | 3,693,741 | $ 3,636,043 | $ 4,122,034 | 5,467,281 | $ 18,092,336 | $ 3,089,704 | 11,451,818 | 26,649,321 |  |  |  |
Non cash share based compensation |  |  | $ 352,417 |  |  |  |  |  | 581,663 | 15,036,051 |  |  |  |
Increase in trade and other payables |  |  |  |  |  |  |  |  | $ 730,683 | $ (3,234,057) |  |  |  |
Restricted Stock Units (RSUs) [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non cash share based compensation |  | $ 979,758 |  |  |  |  |  |  |  |  |  |  |  |
Contribution Agreement [Member] | Premas Biotech PVT Ltd [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount owed on investments |  |  |  |  |  |  |  |  |  |  | 1,500,000 |  |  |
Payments to investments |  |  |  |  |  |  |  |  |  |  | $ 1,200,000 |  |  |
Merger Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuance of post reverse stock split |  | 28,553,307 |  |  |  |  |  |  |  |  |  |  |  |
Exchange ratio percentage |  | 77.05% |  |  |  |  |  |  |  |  |  |  |  |
Percentage of common stock | 49.68% |  |  |  |  |  |  |  |  |  |  |  |  |
Merger Agreement [Member] | Pre-funded Warrants [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrants to purchase |  | 986,486 |  |  |  |  |  |  |  |  |  |  |  |
Cystron Biotech LLC [Member] | Membership Interest Purchase Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired membership interests, percentage |  |  |  |  |  |  |  |  |  |  |  |  |  | 100.00%
MYMD Pharmaceuticals, Inc., [Member] | Merger Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business acquisition description |  | Upon completion of the Merger and the transactions contemplated in the Merger Agreement, the Company issued 28,553,307 post reverse stock split shares of Company Common Stock to the former stakeholders of pre-Merger MyMD Florida at the Exchange Ratio. Upon completion of the Merger and the transactions contemplated in the Merger Agreement, the former stakeholders of pre-Merger MyMD Florida held approximately 77.05% of the Company’s Common Stock outstanding on a fully diluted basis, assuming the exercise in full of the pre-funded warrants to purchase 986,486 shares of Company Common Stock and including 4,188,315 shares of Company Common Stock underlying options to purchase shares of pre-Merger MyMD Florida Common Stock assumed by the company at closing and after adjustments based on the Company’s net cash at closing. Holders of pre-Merger common stock of the Company held approximately 22.95% of the outstanding equity of the Company. Also upon completion of the Merger and the transactions contemplated by the Merger Agreement, the Company assumed 4,188,315 MyMD Florida stock options subject to certain terms contained in the Merger Agreement (including, but not limited to, the amendment of such stock option to extend the term of such stock option for a period expiring on April 16, 2023, the second-year anniversary of the Merger |  |  |  |  |  |  |  |  |  |  |  |
Akers Biosciences, Inc [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ 10,498,539 |  |  |  |  |  |  |  |  |  |  |  |
Pre market capitalization |  | 42,477,346 |  |  |  |  |  |  |  |  |  |  |  |
Tangible asset |  | $ 31,978,807 |  |  |  |  |  |  |  |  |  |  |  |
Common shares outstanding |  | 8,335,627 |  |  |  |  |  |  |  |  |  |  |  |
Akers Biosciences, Inc [Member] | Restricted Stock Units (RSUs) [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vested restricted stock unit |  | 263,026 |  |  |  |  |  |  |  |  |  |  |  |
Fair market value price per share |  | $ 4.94 |  |  |  |  |  |  |  |  |  |  |  |

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