Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Summary of Significant Accounting Policies Table [Abstract]  
Schedule of inventories consisted
    September 30,
2022
    December 31,
2021
 
Raw material and supplies   $ 956,387     $
               -
 
Work in progress     4,602,609      
-
 
Finished goods    
-
     
-
 
Total inventories   $ 5,558,996     $
-
 

 

Schedule of cash flows from operations
    As of September 30, 2022  
    As Previously
Reported
    Adjustment     As Restated  
Derivative warrant liability     4,148,556       28,041,937       32,190,493  
Total liabilities     29,113,496       22,658,960       51,772,456  
Additional paid-in capital     81,716,561       (15,566,133 )     66,150,428  
Accumulated deficit     (52,789,159 )     (7,092,827 )     (59,881,986 )
Total stockholders' equity     28,932,127       (22,658,960 )     6,273,167  

 

    Nine months ended September 30, 2022  
    As Previously
Reported
    Adjustment     As Restated  
Statement of Operation data                  
Change in fair value of warrant liabilities     (1,129,589 )     7,092,827       5,963,238  
Total other (income) expense, net     1,688,233       7,092,827       8,781,060  
Net Loss     (12,944,628 )     (7,092,827 )     (20,037,455 )
Basic and diluted earnings (loss) per share
    (1.49 )     (0.60 )     (2.09 )
                         
Statement of Cash Flow data                        
Net Loss     (12,944,628 )     (7,092,827 )     (20,037,455 )
Change in fair value of warrant liabilities     (1,129,589 )     7,092,827       5,963,238