Quarterly report pursuant to Section 13 or 15(d)

CONDENSED INTERIM STATEMENTS OF CASH FLOWS

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CONDENSED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash Flow from Operating Activities:      
Net loss   $ (5,290,670) $ (5,478,389)
Adjustments to reconcile net loss to net cash used in operating activities:      
Share-Based Compensation   1,477,751 2,411,441
Share-Based Payments to Vendors   188,100 172,971
Executive Compensation Settled with Membership Interests     916,765
Gain on forgiveness of Paycheck Protection Program Loan $ (66,503)   (66,503)
(Increase) / Decrease in:      
Prepaid Expenses   178,448 (295,940)
Deferred Offering Costs   (50,247)  
Accounts Payable and Accrued Expenses   (370,031) 1,462,708
Net Cash Used in Operating Activities   (3,866,649) (876,947)
Cash Flow from Financing Activities:      
Proceeds from Initial Public Offering, net of issuance costs     14,797,132
Net Cash Provided By Financing Activities     14,797,132
Net (Decrease)/Increase in Cash   (3,866,649) 13,920,185
Cash at Beginning of Period   12,958,846 3,175,411
Cash at End of Period $ 17,095,596 $ 9,092,197 17,095,596
SUPPLEMENTAL DISCLOSURE NON CASH FINANCING ACTIVITY      
Initial Public Offering Issuance Costs yet to be paid     $ 286,000