Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenue
Operating Expenses    
General and administrative 7,972,776 3,061,580
Facilities expense 3,233,961
Depreciation expense 118,447
Amortization of intangible assets 251,354 245,226
Prelliminary stage acquisition costs 1,625,834
Other operating expenses 111,497
Total Operating Expenses 11,688,035 4,932,640
Operating Loss (11,688,035) (4,932,640)
Other Income (Expenses)    
Other income (expense), net 3,551
Interest expense, net (2,832,398) (439,479)
Gain in derecognition of derivative liabilities 512,363 2,430,300
Gain on settlement of liabilities (2,430,300)
Change in fair value of Class B Units (2,021,656)
Change in fair value of derivative and finance charges related to derivative liability 5,476,000 (8,850,000)
Total Other Income (Expense) 1,137,860 (6,859,179)
NET LOSS $ (10,550,175) $ (11,791,819)
BASIC AND DILUTED LOSS PER COMMON SHARE:    
Net loss per common share $ (0.30) $ (0.34)
BASIC WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 35,619,270 34,278,971