Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Summary of Significant Accounting Policies [Abstract]  
Schedule of derivative liability measured at fair value
    Significant
Unobservable
Inputs
(Level 3)
 
Balance of derivative liability as of January 1, 2022   $
-
 
Initial fair value of derivative liability attributable to embedded conversion feature of convertible note payable     2,782,569  
Gain from change in the fair value of derivative liability     (600,749 )
Reclassification of derivative liability to equity     2,181,820  
Balance of derivative liability as of September 30, 2022   $
-
 

 

Schedule of cash balances by geographic area
Country:   September 30, 2022     December 31, 2021  
United States   $ 3,578,273       90.9 %   $ 767,605       95.1 %
China     359,686       9.1 %     39,933       4.9 %
Total cash   $ 3,937,959       100.0 %   $ 807,538       100.0 %

 

Schedule of effect of including these potential shares was antidilutive
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2022     2021     2022     2021  
Stock options     8,145,000       7,720,000       8,385,000       7,720,000  
Warrants     1,239,647      
-
      1,239,647       -  
Convertible note (*)     5,721,450      
-
      5,721,450      
-
 
Potentially dilutive securities     15,106,097       7,720,000       15,346,097       7,720,000