Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Stockholders??? Equity

v3.22.2.2
Condensed Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
Preferred Stock [Member]
Series A Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
Series A Preferred Stock [Member]
Total
BALANCE at Dec. 31, 2020   $ 153,750 $ (153,750) $ (2,501,344)     $ (2,501,344)
BALANCE, Shares at Dec. 31, 2020   3,074,998          
Net income (loss)       (3,331,676)     (3,331,676)
BALANCE at Jun. 30, 2021   $ 153,750 (153,750) (5,833,020)     (5,833,020)
BALANCE, Shares at Jun. 30, 2021   3,074,998          
BALANCE at Mar. 31, 2021   $ 153,750 (153,750) (3,569,753)     (3,569,753)
BALANCE, Shares at Mar. 31, 2021   3,074,998          
Net income (loss)       (2,263,267)     (2,263,267)
BALANCE at Jun. 30, 2021   $ 153,750 (153,750) (5,833,020)     (5,833,020)
BALANCE, Shares at Jun. 30, 2021   3,074,998          
BALANCE at Dec. 31, 2021   $ 153,750 (53,750) (8,736,894)     (8,636,894)
BALANCE, Shares at Dec. 31, 2021   3,074,998          
Net income (loss)       (440,982)     (440,982)
Issuance of common stock for professional services   $ 625 (625)        
Issuance of common stock for professional services, Shares   12,499          
Issuance of common stock for conversion of related party payables   $ 14,687 2,335,313       2,350,000
Issuance of common stock for conversion of related party payables, Shares   293,750          
Issuance of common stock for conversion of working capital note payable   $ 3,125 496,875       500,000
Issuance of common stock for conversion of working capital note payable, Shares   62,500          
Effect of reverse capitalization   $ 121,467 1,473,312       1,594,779
Effect of reverse capitalization, Shares   2,429,341          
Issuance of common stock for HEC asset acquisition   $ 78,125 12,703,109       12,781,234
Issuance of common stock for HEC asset acquisition, Shares   1,562,498          
Issuance of preferred stock and warrants to PIPE investors, net of issuance costs $ 32,000   29,268,630     $ 24,200,000 29,300,630
Issuance of preferred stock and warrants to PIPE investors, net of issuance costs, Shares 32,000            
Contingent consideration related to merger transaction     (4,684,000)       (4,684,000)
Other comprehensive income (loss)         $ (32,798)   (32,798)
BALANCE at Jun. 30, 2022 $ 32,000 $ 371,779 41,538,864 (9,177,876) (32,798)   32,731,969
BALANCE, Shares at Jun. 30, 2022 32,000 7,435,586          
BALANCE at Mar. 31, 2022 $ 32,000 $ 371,779 41,538,864 (10,620,528) (17,067)   31,305,048
BALANCE, Shares at Mar. 31, 2022 32,000 7,435,586          
Net income (loss)       1,442,652     1,442,652
Other comprehensive income (loss)         (15,731)   (15,731)
BALANCE at Jun. 30, 2022 $ 32,000 $ 371,779 $ 41,538,864 $ (9,177,876) $ (32,798)   $ 32,731,969
BALANCE, Shares at Jun. 30, 2022 32,000 7,435,586