General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit)

v3.22.4
Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)
Total
IPO
Ratchet
DGD
THIO
Common Stock
Common Stock
IPO
Common Stock
Ratchet
Common Stock
THIO Merger Agreement
Additional Paid-In Capital
Additional Paid-In Capital
IPO
Additional Paid-In Capital
Ratchet
Additional Paid-In Capital
THIO Merger Agreement
Additional Paid-In Capital
DGD
Accumulated Deficit
Subscription Receivable
Total MAIA Equity (Deficit)
Total MAIA Equity (Deficit)
IPO
Total MAIA Equity (Deficit)
Ratchet
Total MAIA Equity (Deficit)
THIO Merger Agreement
Total MAIA Equity (Deficit)
DGD
Noncontrolling Interest
Noncontrolling Interest
THIO Merger Agreement
Noncontrolling Interest
DGD
Noncontrolling Interest
THIO
Accumulated other comprehensive income (loss)
Balance at Dec. 31, 2019 $ 1,324,792         $ 442       $ 9,228,546         $ (9,297,453) $ (104,402) $ (172,867)         $ 1,497,659        
Balance, Shares at Dec. 31, 2019           4,416,977                                        
Issuance of restricted common shares 20,000         $ 1       19,999             20,000                  
Issuance of restricted common shares, Shares           16,667                                        
Stock-based compensation expense 3,351,040     $ 307,928 $ 210,000         3,351,040             3,351,040             $ 307,928 $ 210,000  
Receipt of stock subscription receivable 102,400     35,000                       102,400 102,400             35,000    
Issuance of common stock       50,000 $ 320,000                                     50,000    
Return of capital       (58,212)                                       (58,212)    
Net loss (6,959,248)                           (6,636,660)   (6,636,660)         (322,588)        
Balance at Dec. 31, 2020 (1,616,300)         $ 443       12,599,585         (15,934,113) (2,002) (3,336,087)         1,719,787        
Balance, Shares at Dec. 31, 2020           4,433,644                                        
Issuance of common shares, Shares         200,000                                          
Net loss (6,959,248)                           (6,636,660)   (6,636,660)         (322,588)        
Issuance of common shares upon exercise of stock options 5,400                 5,400             5,400                  
Issuance of common shares upon exercise of stock options, Shares           3,000                                        
Issuance of restricted common shares 27,500         $ 2       27,498             27,500                  
Issuance of restricted common shares, Shares           15,278                                        
Cancellation of restricted common shares (1)         $ (1)                     (1)                  
Cancellation of restricted common shares, Shares           (5,557)                                        
Stock-based compensation expense 408,608     64,584 $ 52,500         408,608             408,608             64,584 52,500  
Receipt of stock subscription receivable 2,002                             2,002 2,002                  
Net loss (1,525,585)                           (1,488,060)   (1,488,060)         (37,525)        
Balance at Mar. 31, 2021 (2,581,292)         $ 444       13,041,091         (17,422,173)   (4,380,638)         1,799,346        
Balance, Shares at Mar. 31, 2021           4,446,365                                        
Net loss (1,525,585)                           (1,488,060)   (1,488,060)         (37,525)        
Balance at Dec. 31, 2020 (1,616,300)         $ 443       12,599,585         (15,934,113) (2,002) (3,336,087)         1,719,787        
Balance, Shares at Dec. 31, 2020           4,433,644                                        
Reclassification of warrant liability to equity 1,952,000                                                  
Issuance of common stock 5,366,170                                                  
Net loss (9,685,477)                                                  
Balance at Sep. 30, 2021 10,230,886         $ 725       36,095,420         (25,545,259) (320,000) 10,230,886                  
Balance, Shares at Sep. 30, 2021           7,252,364                                        
Reclassification of warrant liability to equity (1,952,000)                                                  
Net loss (9,685,477)                                                  
Balance at Dec. 31, 2020 (1,616,300)         $ 443       12,599,585         (15,934,113) (2,002) (3,336,087)         1,719,787        
Balance, Shares at Dec. 31, 2020           4,433,644                                        
Issuance of common shares upon exercise of stock options $ 9,000         $ 1       8,999             9,000                  
Issuance of common shares upon exercise of stock options, Shares 5,000         5,000                                        
Issuance of common shares upon exercise of warrants $ 529,425         $ 28       529,397             529,425                  
Issuance of common shares upon exercise of warrants, Shares           283,616                                        
Issuance of restricted common shares 27,500         $ 2       27,498             27,500                  
Issuance of restricted common shares, Shares           15,278                                        
Cancellation of restricted common shares (1)         $ (1)                     (1)                  
Cancellation of restricted common shares, Shares           (5,557)                                        
Stock-based compensation expense 2,428,935     161,460 104,999         2,428,935             2,428,935             161,460 104,999  
Issuance of stock options to satisfy accrued bonus 786,531                 786,531             786,531                  
Issuance of stock options to satisfy deferred compensation 285,418                 285,418             285,418                  
Issuance of common shares upon conversion of convertible notes 11,001,274         $ 138       11,001,136             11,001,274                  
Issuance of common shares upon conversion of convertible notes, Shares           1,375,228                                        
Issuance of common shares upon conversion of SAFE 25,000                 25,000             25,000                  
Issuance of common shares upon conversion of SAFE, Shares           5,208                                        
Issuance of common shares in connection with Equity Financing 5,860,503         $ 77       6,180,426           (320,000) 5,860,503                  
Issuance of common shares in connection with Equity Financing, Shares           772,563                                        
Receipt of stock subscription receivable 322,002                             322,002 322,002                  
Transaction costs incurred in connection with Equity Financing (118,332)                 (118,332)             (118,332)                  
Reclassification of warrant liability to equity 1,952,000                 1,952,000             1,952,000                  
Issuance of restricted common shares to founder pursuant to THIO Merger Agreement           $ 70       (70)                                
Issuance of restricted common shares to founder pursuant to THIO Merger Agreement, Shares           700,000                                        
Dissolution of firm                   1,098,110     $ 813,805       1,098,110     $ 813,805   (1,098,110) $ (813,805)      
Issuance of common stock 5,000,000         $ 6,200,000                                        
Net loss (12,578,211)                           (12,503,880)   (12,503,880)         (74,331)        
Balance at Dec. 31, 2021 9,181,203         $ 758       37,618,438         (28,437,993)   9,181,203                  
Balance, Shares at Dec. 31, 2021           7,584,980                                        
Issuance of common shares, Shares           772,563                                        
Reclassification of warrant liability to equity (1,952,000)                 (1,952,000)             (1,952,000)                  
Net loss (12,578,211)                           (12,503,880)   (12,503,880)         (74,331)        
Balance at Mar. 31, 2021 (2,581,292)         $ 444       13,041,091         (17,422,173)   (4,380,638)         1,799,346        
Balance, Shares at Mar. 31, 2021           4,446,365                                        
Stock-based compensation expense 660,048     64,584 $ 52,500         660,048             660,048             64,584 $ 52,500  
Issuance of stock options to satisfy accrued bonus 786,531                 786,531             786,531                  
Issuance of stock options to satisfy deferred compensation 285,418                 285,418             285,418                  
Net loss (2,956,324)                           (2,926,648)   (2,926,648)         (29,676)        
Balance at Jun. 30, 2021 (3,688,535)         $ 444       14,773,088         (20,348,821)   (5,575,289)         1,886,754        
Balance, Shares at Jun. 30, 2021           4,446,365                                        
Net loss (2,956,324)                           (2,926,648)   (2,926,648)         (29,676)        
Issuance of restricted common shares                 $ 70       (70)                          
Issuance of restricted common shares, Shares                 700,000                                  
Stock-based compensation expense 746,253     $ 32,291           746,253             746,253             32,291    
Issuance of common shares upon conversion of convertible notes 11,001,274         $ 138       11,001,136             11,001,274                  
Issuance of common shares upon conversion of convertible notes, Shares           1,375,228                                        
Issuance of common shares upon conversion of SAFE 25,000                 25,000             25,000                  
Issuance of common shares upon conversion of SAFE, Shares           5,208                                        
Issuance of common shares in connection with Equity Financing 5,484,503         $ 73       5,804,430           (320,000) 5,484,503                  
Issuance of common shares in connection with Equity Financing, Shares           725,563                                        
Transaction costs incurred in connection with Equity Financing (118,332)                 (118,332)             (118,332)                  
Reclassification of warrant liability to equity 1,952,000                 1,952,000             1,952,000                  
Dissolution of firm                         $ 813,805 $ 1,098,110           $ 813,805 $ 1,098,110   $ (813,805) $ (1,098,110)    
Net loss (5,203,568)                           (5,196,438)   (5,196,438)         (7,130)        
Balance at Sep. 30, 2021 10,230,886         $ 725       36,095,420         (25,545,259) $ (320,000) 10,230,886                  
Balance, Shares at Sep. 30, 2021           7,252,364                                        
Reclassification of warrant liability to equity (1,952,000)                 (1,952,000)             (1,952,000)                  
Net loss (5,203,568)                           (5,196,438)   (5,196,438)         $ (7,130)        
Balance at Dec. 31, 2021 9,181,203         $ 758       37,618,438         (28,437,993)   9,181,203                  
Balance, Shares at Dec. 31, 2021           7,584,980                                        
Issuance of common shares upon exercise of stock options 47,700         $ 3       47,697             47,700                  
Issuance of common shares upon exercise of stock options, Shares           26,500                                        
Issuance of common shares upon exercise of warrants 110,000         $ 6       109,994             110,000                  
Issuance of common shares upon exercise of warrants, Shares           61,111                                        
Stock-based compensation expense 713,330                 713,330             713,330                  
Issuance of common shares in connection with Equity Financing 2,373,561         $ 27       2,373,534             2,373,561                  
Issuance of common shares in connection with Equity Financing, Shares           263,729                                        
Net loss (3,413,845)                           (3,413,845)   (3,413,845)                  
Balance at Mar. 31, 2022 9,013,670         $ 794       40,862,993         (31,851,838)   9,013,670                 $ 1,721
Balance, Shares at Mar. 31, 2022           7,936,320                                        
Modification of warrant in equity 450,578                 450,578             450,578                  
Deemed dividend on modification of warrant (450,578)                 (450,578)             (450,578)                  
Foreign currency translation adjustment 1,721                               1,721                 1,721
Net loss (3,413,845)                           (3,413,845)   (3,413,845)                  
Balance at Dec. 31, 2021 $ 9,181,203         $ 758       37,618,438         (28,437,993)   9,181,203                  
Balance, Shares at Dec. 31, 2021           7,584,980                                        
Issuance of common shares upon exercise of stock options, Shares 36,500                                                  
Issuance of common stock $ 2,473,560                                                  
Net loss (11,623,541)                                                  
Balance at Sep. 30, 2022 12,110,667         $ 1,095       52,222,752         (40,061,534)   12,110,667                 (51,646)
Balance, Shares at Sep. 30, 2022           10,945,904                                        
Net loss (11,623,541)                                                  
Balance at Mar. 31, 2022 9,013,670         $ 794       40,862,993         (31,851,838)   9,013,670                 1,721
Balance, Shares at Mar. 31, 2022           7,936,320                                        
Issuance of common shares upon exercise of warrants 275,400         $ 47       275,353             275,400                  
Issuance of common shares upon exercise of warrants, Shares           468,601                                        
Stock-based compensation expense 584,768                 584,768             584,768                  
Issuance of common shares in connection with Equity Financing 99,999         $ 1       99,998             99,999                  
Issuance of common shares in connection with Equity Financing, Shares           11,111                                        
Net loss (3,305,883)                           (3,305,883)   (3,305,883)                  
Balance at Jun. 30, 2022 6,662,088         $ 842       41,823,112         (35,157,721)   6,662,088                 (4,145)
Balance, Shares at Jun. 30, 2022           8,416,032                                        
Foreign currency translation adjustment (5,866)                               (5,866)                 (5,866)
Net loss (3,305,883)                           (3,305,883)   (3,305,883)                  
Issuance of common shares upon exercise of stock options 18,000         $ 1       17,999             18,000                  
Issuance of common shares upon exercise of stock options, Shares           10,000                                        
Stock-based compensation expense 532,438                 532,438             532,438                  
Net loss (4,903,813)                           (4,903,813)   (4,903,813)                  
Balance at Sep. 30, 2022 12,110,667         $ 1,095       $ 52,222,752         (40,061,534)   12,110,667                 (51,646)
Balance, Shares at Sep. 30, 2022           10,945,904                                        
Issuance of common shares   $ 8,750,095 $ 1,099,360       $ 230 $ 22     $ 8,749,865 $ 1,099,338           $ 8,750,095 $ 1,099,360              
Issuance of common shares, Shares             2,300,000 219,872                                    
Foreign currency translation adjustment (47,501)                               (47,501)                 $ (47,501)
Net loss $ (4,903,813)                           $ (4,903,813)   $ (4,903,813)