Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Summary of Significant Accounting Policies  
Schedule of anti dilutive net loss per common shares

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Net loss

 

 $ (7,902,477 )

 

 $ (3,236,530 )

Deemed dividend upon redemption of 5,221,156 shares of Series 1c convertible preferred stock

 

 $ 269,038

 

 

 $ -

 

Deemed dividend upon amendment of the terms to the Series 1d convertible preferred stock

 

 $ 2,293,199

 

 

 $ -

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

 $ (10,464,714 )

 

 $ (3,236,530 )

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per common unit/share

 

 $ (2.43 )

 

 $ (1.69 )

Weighted-average basic and diluted common units/shares

 

 

 4,302,232

 

 

 

 1,911,009

 
Schedule of potentially dilutive securities

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Series 1 Preferred Units/Shares

 

 

 -

 

 

 

 336,882

 

Series 1a Preferred Units/Shares

 

 

 -

 

 

 

 244,811

 

Series 1a Preferred Warrant

 

 

 -

 

 

 

 69,212

 

Series 1b Preferred Units/Shares

 

 

 -

 

 

 

 317,058

 

Series 1c Preferred Units/Shares

 

 

 -

 

 

 

 2,270,866

 

Series 1d Preferred Units/Shares

 

 

 -

 

 

 

 -

 

Class B Common Units Profits Interests

 

 

 -

 

 

 

 365,245

 

Common Stock Options

 

 

 523,199

 

 

 

 -

 

Common Stock Warrants

 

 

 3,091,657

 

 

 

 -

 

Total potentially dilutive securities

 

 

 3,614,856

 

 

 

 3,604,074