Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2021 |
Accounting Policies [Abstract] |
|
Schedule of Warrant Liability Measured on Recurring Basis |
The
fair value of the warrant liability measured on a recurring basis is as follows:
Schedule of Warrant Liability Measured on Recurring Basis
|
|
September 30, 2021 |
|
|
Date of Issuance March 26, 2021 |
|
|
Fair Value |
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|
Input Level |
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|
Fair Value |
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|
Input Level |
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|
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|
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Derivative Liability - Warrants |
|
$ |
- |
|
|
|
- |
|
|
$ |
5,708,212 |
|
|
Level 3 |
|
Schedule of Derivative Liability Measured on a Recurring Basis Using Significant Unobservable Input (Level 3) |
The
following table presents a reconciliation of the derivative liability measured at fair value on a recurring basis using significant unobservable
input (Level 3):
Schedule of Derivative Liability Measured on a Recurring Basis Using Significant Unobservable Input (Level 3)
|
|
Warrants |
|
Fair Value on Issuance Date |
|
$ |
5,708,212 |
|
Change in Fair Value |
|
|
(1,092,441 |
) |
Fair Value on May 24, 2021 |
|
|
4,615,771 |
|
Extinguishment of Derivative Liability |
|
|
(4,615,771 |
) |
Fair Value on September 30, 2021 |
|
$ |
- |
|
|
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
|
|
September 30, |
|
|
|
2021 |
|
|
2020 |
|
Warrants |
|
|
3,987,931 |
|
|
|
1,845,722 |
|
Preferred Stock Warrants |
|
|
- |
|
|
|
260,089 |
|
Stock Options |
|
|
1,400,407 |
|
|
|
610,229 |
|
Preferred Stock |
|
|
124,483 |
|
|
|
227,695 |
|
|
|
|
|
|
|
|
|
|
Total Underlying Common Shares |
|
|
5,512,821 |
|
|
|
2,943,735 |
|
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Schedule of Earnings Per Share, Basic and Diluted |
The
following data shows the amounts used in computing loss per share and the effect on income and the weighted average number of shares
of dilutive potential common stock for the periods ended September 30, 2021 and 2020:
Schedule of Earnings Per Share, Basic and Diluted
|
|
2021 |
|
|
2020 |
|
|
2021 |
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|
2020 |
|
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Three Months Ended
September 30 |
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Nine Months Ended September 30 |
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|
2021 |
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2020 |
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|
2021 |
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2020 |
|
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|
Net Loss per Common Share - Basic and Diluted |
|
$ |
(0.24 |
) |
|
$ |
(0.42 |
) |
|
$ |
(0.53 |
) |
|
$ |
(1.74 |
) |
Loss from continuing |
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|
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|
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Operations available to Common stockholders (numerator) |
|
$ |
(2,505,198 |
) |
|
$ |
(1,955,357 |
) |
|
$ |
(5,076,532 |
) |
|
$ |
(5,455,707 |
) |
Loss from continuing Operations available to Common stockholders (numerator) |
|
$ |
(2,505,198 |
) |
|
$ |
(1,955,357 |
) |
|
$ |
(5,076,532 |
) |
|
$ |
(5,455,707 |
) |
|
|
|
|
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Weighted average number of common shares Outstanding used in loss per share during the Period (denominator) |
|
|
10,494,560 |
|
|
|
4,675,749 |
|
|
|
9,602,666 |
|
|
|
3,137,459 |
|
|