| SCHEDULE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
Cash, cash equivalents, and restricted cash consist of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31, 2023 |
|
|
December 31, 2022 |
|
Cash |
|
$ |
2,897,157 |
|
|
$ |
3,805,156 |
|
Cash equivalents |
|
|
4,427,280 |
|
|
|
13,197,559 |
|
Cash and cash equivalents |
|
$ |
7,324,437 |
|
|
$ |
17,002,715 |
|
|
|
|
|
|
|
|
Restricted cash, current |
|
|
192,475 |
|
|
|
192,475 |
|
Restricted cash, noncurrent |
|
|
477,425 |
|
|
|
477,425 |
|
Restricted cash |
|
$ |
669,900 |
|
|
$ |
669,900 |
|
Total cash, cash equivalents, and restricted cash shown in the statement of cash
flows |
|
$ |
7,994,337 |
|
|
$ |
17,672,615 |
|
|
| SCHEDULE OF COMPUTATION OF NET LOSS PER COMMON SHARE |
The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2023 and 2022:
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|
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|
|
|
Three Months Ended
March 31, |
|
|
|
2023 |
|
|
2022 |
|
Net loss |
|
$ |
(17,744,812 |
) |
|
$ |
(9,437,242 |
) |
Weighted average number of common shares-basic |
|
|
4,181,556 |
|
|
|
4,170,043 |
|
Net loss per share of common stock-basic |
|
$ |
(4.24 |
) |
|
$ |
(2.26 |
) |
|