| SCHEDULE REVISION OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS |
|
CONSOLIDATED STATEMENT OF OPERATIONS
for the Year Ending December 31, 2020
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
General and Administrative |
|
$ |
4,820,762 |
|
|
$ |
(57,086 |
) |
|
$ |
4,763,676 |
|
Research and Development |
|
|
3,754,913 |
|
|
|
(494,141 |
) |
|
|
3,260,772 |
|
Total costs and expenses |
|
|
8,575,675 |
|
|
|
(551,227 |
) |
|
|
8,024,448 |
|
LOSS FROM OPERATIONS |
|
|
(8,575,675 |
) |
|
|
551,227 |
|
|
|
(8,024,448 |
) |
NET LOSS |
|
|
(9,105,729 |
) |
|
|
551,227 |
|
|
|
(8,554,502 |
) |
BASIC AND DILUTED LOSS PER SHARE |
|
$ |
(1.79 |
) |
|
$ |
0.11 |
|
|
$ |
(1.68 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
for the Three Months Ended March 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
General and Administrative |
|
$ |
1,436,822 |
|
|
$ |
(13,272 |
) |
|
$ |
1,423,550 |
|
Research and Development |
|
|
646,752 |
|
|
|
(63,659 |
) |
|
|
583,093 |
|
Total costs and expenses |
|
|
2,083,574 |
|
|
|
(76,931 |
) |
|
|
2,006,643 |
|
LOSS FROM OPERATIONS |
|
|
(2,083,574 |
) |
|
|
76,931 |
|
|
|
(2,006,643 |
) |
NET LOSS |
|
|
(2,218,978 |
) |
|
|
76,931 |
|
|
|
(2,142,047 |
) |
BASIC AND DILUTED LOSS PER SHARE |
|
$ |
(0.43 |
) |
|
$ |
0.02 |
|
|
$ |
(0.41 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
for the Three Months Ended June 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
General and Administrative |
|
$ |
1,281,488 |
|
|
$ |
972 |
|
|
$ |
1,282,460 |
|
Research and Development |
|
|
467,918 |
|
|
|
(49,447 |
) |
|
|
418,471 |
|
Total costs and expenses |
|
|
1,749,406 |
|
|
|
(48,475 |
) |
|
|
1,700,931 |
|
LOSS FROM OPERATIONS |
|
|
(1,749,406 |
) |
|
|
48,475 |
|
|
|
(1,700,931 |
) |
NET LOSS |
|
|
(1,845,648 |
) |
|
|
48,475 |
|
|
|
(1,797,173 |
) |
BASIC AND DILUTED LOSS PER SHARE |
|
$ |
(0.28 |
) |
|
$ |
0.00 |
|
|
$ |
(0.28 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
for the Six Months Ended June 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
General and Administrative |
|
$ |
2,718,310 |
|
|
$ |
(12,300 |
) |
|
$ |
2,706,010 |
|
Research and Development |
|
|
1,114,670 |
|
|
|
(113,106 |
) |
|
|
1,001,564 |
|
Total costs and expenses |
|
|
3,832,980 |
|
|
|
(125,406 |
) |
|
|
3,707,574 |
|
LOSS FROM OPERATIONS |
|
|
(3,832,980 |
) |
|
|
125,406 |
|
|
|
(3,707,574 |
) |
NET LOSS |
|
|
(4,064,627 |
) |
|
|
125,406 |
|
|
|
(3,939,221 |
) |
BASIC AND DILUTED LOSS PER SHARE |
|
$ |
(0.70 |
) |
|
$ |
0.03 |
|
|
$ |
(0.67 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
for the Three Months Ended September 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
General and Administrative |
|
$ |
1,263,490 |
|
|
$ |
612 |
|
|
$ |
1,264,102 |
|
Research and Development |
|
|
442,340 |
|
|
|
(33,327 |
) |
|
|
409,013 |
|
Total costs and expenses |
|
|
1,705,830 |
|
|
|
(32,715 |
) |
|
|
1,673,115 |
|
LOSS FROM OPERATIONS |
|
|
(1,705,830 |
) |
|
|
32,715 |
|
|
|
(1,673,115 |
) |
NET LOSS |
|
|
(1,584,339 |
) |
|
|
32,715 |
|
|
|
(1,551,624 |
) |
BASIC AND DILUTED LOSS PER SHARE |
|
$ |
(0.17 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.24 |
) |
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
for the Nine Months Ended September 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
General and Administrative |
|
$ |
3,981,801 |
|
|
$ |
(11,689 |
) |
|
$ |
3,970,112 |
|
Research and Development |
|
|
1,557,010 |
|
|
|
(146,433 |
) |
|
|
1,410,577 |
|
Total costs and expenses |
|
|
5,538,811 |
|
|
|
(158,122 |
) |
|
|
5,380,689 |
|
LOSS FROM OPERATIONS |
|
|
(5,538,811 |
) |
|
|
158,122 |
|
|
|
(5,380,689 |
) |
NET LOSS |
|
|
(5,648,968 |
) |
|
|
158,123 |
|
|
|
(5,490,845 |
) |
BASIC AND DILUTED LOSS PER SHARE |
|
$ |
(0.81 |
) |
|
$ |
(0.13 |
) |
|
$ |
(0.94 |
) |
|
CONSOLIDATED STATEMENT OF OPERATIONS
for the Year Ended December 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
General and Administrative |
|
$ |
6,932,921 |
|
|
$ |
(238,302) |
|
|
$ |
6,694,619 |
|
Research and Development |
|
|
2,119,684 |
|
|
|
(169,184) |
|
|
|
1,950,500 |
|
Total costs and expenses |
|
|
9,052,605 |
|
|
|
(407,486) |
|
|
|
8,645,119 |
|
LOSS FROM OPERATIONS |
|
|
(9,052,605 |
) |
|
|
407,486 |
|
|
|
(8,645,119 |
) |
NET LOSS |
|
|
(9,163,366 |
) |
|
|
407,485 |
|
|
|
(8,755,881 |
) |
BASIC AND DILUTED LOSS PER SHARE |
|
$ |
(1.20 |
) |
|
$ |
0.05 |
|
|
$ |
(1.15 |
) |
|
| SCHEDULE REVISION OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) |
|
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
for the Year Ended December 31, 2020
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
Balance, December 30, 2019 – Additional Paid in Capital |
|
$ |
81,614,504 |
|
|
$ |
(209,091 |
) |
|
$ |
81,405,413 |
|
Balance, December 30, 2019 – Accumulated Deficit |
|
|
(89,957,946 |
) |
|
|
209,091 |
|
|
|
(89,748,855 |
) |
Employee and director equity-based compensation – Additional Paid in Capital |
|
|
2,302,044 |
|
|
|
(551,227 |
) |
|
|
1,750,817 |
|
Employee and director equity-based compensation - Total |
|
|
2,302,044 |
|
|
|
(551,227 |
) |
|
|
1,750,817 |
|
Net loss for the year ended December 31, 2020 – Accumulated Deficit |
|
|
(9,105,729 |
) |
|
|
551,227 |
|
|
|
(8,554,502 |
) |
Net loss for the year ended December 31, 2020 - Total |
|
|
(9,105,729 |
) |
|
|
551,227 |
|
|
|
(8,554,502 |
) |
Balance, December 31, 2020 – Additional Paid in Capital |
|
|
87,747,898 |
|
|
|
(760,319 |
) |
|
|
86,987,579 |
|
Balance, December 31, 2020 - Accumulated Deficit |
|
|
(99,063,675 |
) |
|
|
760,319 |
|
|
|
(98,303,356 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
for the Three Months Ended March 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
Balance, December 30, 2020 – Additional Paid in Capital |
|
$ |
87,747,898 |
|
|
$ |
(760,319 |
) |
|
$ |
86,987,579 |
|
Balance, December 30, 2020 – Accumulated Deficit |
|
|
(99,063,675 |
) |
|
|
760,319 |
|
|
|
(98,303,356 |
) |
Issuance of warrants for services – Additional Paid in Capital |
|
|
975,024 |
|
|
|
(76,931 |
) |
|
|
898,093 |
|
Issuance of warrants for services - Total |
|
|
975,024 |
|
|
|
(76,931 |
) |
|
|
898,093 |
|
Net loss for the three months ended March 31, 2021 – Accumulated Deficit |
|
|
(2,218,978 |
) |
|
|
76,931 |
|
|
|
(2,142,047 |
) |
Net loss for the three months ended March 31, 2021 - Total |
|
|
(2,218,978 |
) |
|
|
76,931 |
|
|
|
(2,142,047 |
) |
Balance, March 31, 2021 – Additional Paid in Capital |
|
|
89,437,765 |
|
|
|
(837,250 |
) |
|
|
88,600,515 |
|
Balance, March 31, 2021 - Accumulated Deficit |
|
|
(101,282,654 |
) |
|
|
837,250 |
|
|
|
(100,445,404 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
for the Three Months Ended June 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
Balance, March 31, 2021 – Additional Paid in Capital |
|
$ |
89,437,765 |
|
|
$ |
(837,250 |
) |
|
$ |
88,600,515 |
|
Balance, March 31, 2021 – Accumulated Deficit |
|
|
(101,282,654 |
) |
|
|
837,250 |
|
|
|
(100,445,404 |
) |
Issuance of warrants for services – Additional Paid in Capital |
|
|
369,965 |
|
|
|
(48,475 |
) |
|
|
321,490 |
|
Issuance of warrants for services - Total |
|
|
369,965 |
|
|
|
(48,475 |
) |
|
|
321,490 |
|
Net loss for the three months ended June 30, 2021 – Accumulated Deficit |
|
|
(1,845,648 |
) |
|
|
48,475 |
|
|
|
(1,797,173 |
) |
Net loss for the three months ended June 30, 2021 - Total |
|
|
(1,845,648 |
) |
|
|
48,475 |
|
|
|
(1,797,173 |
) |
Balance, June 30, 2021 – Additional Paid in Capital |
|
|
110,452,205 |
|
|
|
(885,726 |
) |
|
|
109,566,479 |
|
Balance, June 30, 2021 - Accumulated Deficit |
|
|
(103,128,302 |
) |
|
|
885,725 |
|
|
|
(102,242,577 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
for the Six Months Ended June 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
Balance, December 31, 2020 – Additional Paid in Capital |
|
$ |
87,747,898 |
|
|
$ |
(760,319 |
) |
|
$ |
86,987,579 |
|
Balance, December 31, 2020 – Accumulated Deficit |
|
|
(99,063,675 |
) |
|
|
760,319 |
|
|
|
(98,303,356 |
) |
Issuance of warrants for services – Additional Paid in Capital |
|
1,344,989 |
|
|
|
(125,406 |
) |
|
|
1,219,583 |
|
Issuance of warrants for services - Total |
|
|
1,344,989 |
|
|
|
(125,406 |
) |
|
|
1,219,583 |
|
Net loss for the six months ended June 30, 2021 – Accumulated Deficit |
|
|
(4,064,627 |
) |
|
|
125,406 |
|
|
|
(3,939,221 |
) |
Net loss for the six months ended June 30, 2021 - Total |
|
|
(4,064,627 |
) |
|
|
125,406 |
|
|
|
(3,939,221 |
) |
Balance, June 30, 2021 – Additional Paid in Capital |
|
|
110,452,205 |
|
|
|
(885,726 |
) |
|
|
109,566,479 |
|
Balance, June 30, 2021 - Accumulated Deficit |
|
|
(103,128,302 |
) |
|
|
885,725 |
|
|
|
(102,242,577 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
for the Three Months Ended September 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
Balance, June 30, 2021 – Additional Paid in Capital |
|
$ |
110,452,205 |
|
|
$ |
(885,726 |
) |
|
$ |
109,566,479 |
|
Balance, June 30, 2021 – Accumulated Deficit |
|
|
(103,128,302 |
) |
|
|
885,725 |
|
|
|
(102,242,577 |
) |
Issuance of warrants for services – Additional Paid in Capital |
|
|
256,920 |
|
|
|
(32,714 |
) |
|
|
224,206 |
|
Issuance of warrants for services - Total |
|
|
256,920 |
|
|
|
(32,714 |
) |
|
|
224,206 |
|
Net loss for the three months ended September 30, 2021 – Accumulated Deficit |
|
|
(1,584,339 |
) |
|
|
32,715 |
|
|
|
(1,551,624 |
) |
Net loss for the three months ended September 30, 2021 - Total |
|
|
(1,584,339 |
) |
|
|
32,715 |
|
|
|
(1,551,624 |
) |
Balance, September 30, 2021 – Additional Paid in Capital |
|
|
112,473,855 |
|
|
|
(918,442 |
) |
|
|
111,555,413 |
|
Balance, September 30, 2021 - Accumulated Deficit |
|
|
(104,712,643 |
) |
|
|
918,442 |
|
|
|
(103,794,201 |
) |
|
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
for the Nine Months Ended September 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
Balance, December 30, 2020 – Additional Paid in Capital |
|
$ |
87,747,898 |
|
|
$ |
(760,319 |
) |
|
$ |
86,987,579 |
|
Balance, December 30, 2020 – Accumulated Deficit |
|
|
(99,063,675 |
) |
|
|
760,319 |
|
|
|
(98,303,356 |
) |
Issuance of warrants for services – Additional Paid in Capital |
|
|
1,601,909 |
|
|
|
(158,121 |
) |
|
|
1,443,788 |
|
Issuance of warrants for services - Total |
|
|
1,601,909 |
|
|
|
(158,121 |
) |
|
|
1,443,788 |
|
Net loss for the nine months ended September 30, 2021 – Accumulated Deficit |
|
|
(5,648,968 |
) |
|
|
158,123 |
|
|
|
(5,490,845 |
) |
Net loss for the nine months ended September 30, 2021 - Total |
|
|
(5,648,968 |
) |
|
|
158,123 |
|
|
|
(5,490,845 |
) |
Balance, September 30, 2021 – Additional Paid in Capital |
|
|
112,473,855 |
|
|
|
(918,442 |
) |
|
|
111,555,413 |
|
|
Balance, September 30, 2021 -
Accumulated Deficit
|
|
|
(104,712,643 |
) |
|
|
918,442 |
|
|
|
(103,794,201 |
) |
|
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
for the Year Ended December 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
As Previously |
|
|
|
|
|
|
|
|
|
Reported |
|
|
Adjustment |
|
|
As Revised |
|
Balance, December 30, 2020 – Additional Paid in Capital |
|
$ |
87,747,898 |
|
|
$ |
(760,319 |
) |
|
$ |
86,987,579 |
|
Balance, December 30, 2020 – Accumulated Deficit |
|
|
(99,063,675 |
) |
|
|
760,319 |
|
|
|
(98,303,356 |
) |
Employee and director equity-based compensation – Additional Paid in Capital |
|
|
3,377,512 |
|
|
|
(407,485 |
) |
|
|
2,970,027 |
|
Employee and director equity-based compensation - Total |
|
|
3,377,512 |
|
|
|
(407,485 |
) |
|
|
2,970,027 |
|
Net loss for the year ended December 31, 2021 – Accumulated Deficit |
|
|
(9,163,366 |
) |
|
|
407,485 |
|
|
|
(8,755,881 |
) |
Net loss for the year ended December 31, 2021 - Total |
|
|
(9,163,366 |
) |
|
|
407,485 |
|
|
|
(8,755,881 |
) |
Balance, December 31, 2021 – Additional Paid in Capital |
|
|
114,259,830 |
|
|
|
(1,167,805 |
) |
|
|
113,092,025 |
|
Balance, December 31, 2021 - Accumulated Deficit |
|
|
(108,227,041 |
) |
|
|
1,167,805 |
|
|
|
(107,059,236 |
) |
|