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 ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flow from Operating Activities:    
Net loss $ (5,478,389) $ (2,192,461)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-Based Compensation 2,411,441 333,333
Share Based Payment To Vendors 172,971 342,196
Executive Compensation Settled with Membership Interests 916,765 781,700
Gain on Forgiveness of Paycheck Protection Program Loan (66,503)  
(Increase) / Decrease In:    
Prepaid Expenses (295,940) 34,733
Accounts Payable and Accrued Expenses 1,462,708 (932,547)
Net Cash Used In Operating Activities (876,947) (1,633,046)
Cash Flow from Financing Activities:    
Proceeds from Advanced Receipts of Private Placement Offerings   602,680
Proceeds from Paycheck Protection Program Loan   66,503
Proceeds from Initial Public Offering, net of issuance costs 14,797,132  
Proceeds from Private Placement Offerings, net of issuance costs   454,980
Net Cash Provided By Financing Activities 14,797,132 1,124,163
Net Increase (Decrease) In Cash 13,920,185 (508,883)
Cash at Beginning of Period 3,175,411 2,483,322
Cash at End of Period 17,095,596 $ 1,974,439
NON CASH FINANCING ACTIVITY    
Initial Public Offering Issuance Costs yet to be paid $ 286,000