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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Schedule of Marketable Securities

The following is a description of the valuation methodologies used for assets measured at fair value as of September 30, 2022 and December 31, 2021.

Schedule of Marketable Securities

Marketable Securities: Valued using quoted prices in active markets for identical assets.

		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)				Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2)				Significant Unobservable Inputs (Level 3)
Marketable securities at September 30, 2022		$	6,774,381			$	-			$	-
Marketable securities at December 31, 2021		$	11,003,071			$	-			$	-

Schedule of Estimated Useful Lives of Property Plant and Equipment

The estimated useful lives for the current and comparative periods are as follows:

Schedule of Estimated Useful Lives of Property Plant and Equipment

		Useful Life
		(in years)
Plant and equipment		5-12
Furniture and fixtures		5-10
Computer equipment & software		3-5
Leasehold Improvements		Shorter of the remaining lease or estimated useful life

Schedule of Estimated Useful Lives of Intangible Assets

Amortization is recognized on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The estimated useful lives for the current and comparative periods are as follows:

 Schedule of Estimated Useful Lives of Intangible Assets

		Useful Life
		(in years)
Patents and trademarks		12-17

Schedule of Condensed Consolidated Balance Sheet Information Related to Operating Lease

The Company’s operating leases are comprised of the Hyde Park Lease, the 2021 Baltimore Lease and the Platt Street Lease on the Condensed Consolidated Balance Sheet. The information related to these leases are presented below:

Schedule of Condensed Consolidated Balance Sheet Information Related to Operating Lease

		As of September 30, 2022												As of December 31, 2021
		Platt Street				2021 Baltimore								Hyde Park				2021 Baltimore
Balance Sheet Location		Lease				Lease				Total				Lease				Lease				Total
Operating Lease
Lease Right of Use		$	49,797			$	105,331			$	155,128			$	12,156			$	136,853			$	149,009
Lease Payable, current			18,132				45,490				63,622				12,164				41,076				53,240
Lease Payable - net of current			31,970				61,174				93,144				-				95,911				95,911

Schedule of Lease Expense

The following provides details of the Company’s lease expense:

Schedule of Lease Expense

		Three Months Ended September 30, 2022												Three Months Ended September 30, 2021
		Platt Street				2021 Baltimore								Supera Aviation				Hyde Park				2020 Baltimore
Lease Expenses		Lease				Lease				Total				Lease				Lease				Lease				Total
Operating Leases
Lease Costs		$	5,660			$	13,600			$	19,260			$	-			$	6,257			$	6,000			$	12,257

		Nine Months Ended September 30, 2022																Nine Months Ended September 30, 2021
		Hyde Park				Platt Street				2021 Baltimore								Supera Aviation				Hyde Park				2020 Baltimore
Lease Expenses		Lease				Lease				Lease				Total				Lease				Lease				Lease				Total
Operating Leases
Lease Costs		$	6,251			$	11,321			$	40,800			$	58,372			$	150,000			$	16,830			$	19,455			$	186,285

Schedule of Other Information Related to Leases

Other information related to leases is presented below:

Schedule of Other Information Related to Leases

		As of September 30, 2022
		Hyde				Platt				2021 Baltimore
Other Information		Park Lease				Street Lease				Lease				Total
Operating Leases
Operating cash used		$	4,622			$	13,104			$	39,666			$	57,392
Average remaining lease term			-				30				26				28
Average discount rate			10.0	%			10.0	%			10.0	%			10.0	%

Schedule of Operating Lease Minimum Lease Payments

As of September 30, 2022, the annual minimum lease payments of the Company’s operating lease liabilities were as follows:

Schedule of Operating Lease Minimum Lease Payments

		Street Lease				Lease				Total
		As of September 30, 2022
		Platt				2021 Baltimore
		Street Lease				Lease				Total
For Years Ending September 30,
2022 (three months)		$	5,508			$	13,332			$	18,840
2023			22,485				54,520				77,005
2024			23,103				51,348				74,451
2025			5,814				-				5,814
Total future minimum lease payments, undiscounted		$	56,910			$	119,200			$	176,110
Less: Imputed interest			6,808				12,536				19,344
Present value of future minimum lease payments		$	50,102			$	106,664			$	156,766

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

As of September 30, 2022 and 2021, the following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

		2022				2021
		For the Three and Nine Months Ended September 30,
		2022				2021
Stock Options			4,376,737				4,188,315
Warrants to purchase common stock			6,522,461				5,316,249
Pre-funded Warrants to purchase common stock			135,135				520,270
Series D Preferred Convertible Stock			36,496				36,496
Warrants to purchase Series C Preferred stock			27,500				27,500
Total potentially dilutive shares			11,098,329				10,088,830

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

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