Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) Unaudited) - USD ($)
Total
IPO
Ratchet
DGD
THIO
Common Stock
Common Stock
THIO Merger Agreement
Common Stock
IPO
Common Stock
Ratchet
Additional Paid-In Capital
Additional Paid-In Capital
THIO Merger Agreement
Additional Paid-In Capital
IPO
Additional Paid-In Capital
Ratchet
Additional Paid-In Capital
DGD
Accumulated Deficit
Accumulated other comprehensive income (loss)
Total MAIA Equity
Total MAIA Equity
THIO Merger Agreement
Total MAIA Equity
IPO
Total MAIA Equity
Ratchet
Total MAIA Equity
DGD
Noncontrolling Interest
Noncontrolling Interest
THIO Merger Agreement
Noncontrolling Interest
DGD
Noncontrolling Interest
THIO
Receivables from Stockholder
Balance at Dec. 31, 2020 $ (1,616,300)         $ 443       $ 12,599,585         $ (15,934,113)   $ (3,336,087)         $ 1,719,787       $ (2,002)
Balance, Shares at Dec. 31, 2020           4,433,644                                        
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)                                        
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                                        
Receipt of stock subscription receivable 2,002                               2,002                 2,002
Stock-based compensation expense 408,608     $ 64,584 $ 52,500         408,608             408,608             $ 64,584 $ 52,500  
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                                        
Balance at Dec. 31, 2020 (1,616,300)         $ 443       12,599,585         (15,934,113)   (3,336,087)         1,719,787       (2,002)
Balance, Shares at Dec. 31, 2020           4,433,644                                        
Reclassification of warrant liability to equity 1,952,000                                                  
Net loss (9,685,477)                                                  
Balance at Sep. 30, 2021 10,230,886         $ 725       36,095,420         (25,545,259)   10,230,886                 (320,000)
Balance, Shares at Sep. 30, 2021           7,252,364                                        
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                                        
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                  
Stock-based compensation expense 660,048     64,584 $ 52,500         660,048             660,048             64,584 $ 52,500  
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                                        
Issuance of restricted common shares             $ 70       $ (70)                              
Issuance of restricted common shares, Shares             700,000                                      
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             5,484,503                 (320,000)
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                  
Stock-based compensation expense 746,253     $ 32,291           746,253             746,253             32,291    
Net loss (5,203,568)                           (5,196,438)   (5,196,438)         $ (7,130)        
Dissolution of firm                     $ 813,805     $ 1,098,110       $ 813,805     $ 1,098,110   $ (813,805) $ (1,098,110)    
Balance at Sep. 30, 2021 10,230,886         $ 725       36,095,420         (25,545,259)   10,230,886                 $ (320,000)
Balance, Shares at Sep. 30, 2021           7,252,364                                        
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                                        
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                                        
Stock-based compensation expense 713,330                 713,330             713,330                  
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 Mar. 31, 2022 9,013,670         $ 794       40,862,993         (31,851,838) 1,721 9,013,670                  
Balance, Shares at Mar. 31, 2022           7,936,320                                        
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                                                  
Net loss $ (10,652,211)                                                  
Balance at Sep. 30, 2022 12,326,372         $ 1,095       51,467,127         (39,090,204) (51,646) 12,326,372                  
Balance, Shares at Sep. 30, 2022           10,945,904                                        
Balance at Mar. 31, 2022 9,013,670         $ 794       40,862,993         (31,851,838) 1,721 9,013,670                  
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                                        
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                                        
Stock-based compensation expense 584,768                 584,768             584,768                  
Foreign currency translation adjustment (5,866)                             (5,866) (5,866)                  
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) (4,145) 6,662,088                  
Balance, Shares at Jun. 30, 2022           8,416,032                                        
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                                        
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                                  
Issuance of warrants to underwriter in connection with initial public offering 343,735                 343,735             343,735                  
Stock-based compensation expense 532,438                 532,438             532,438                  
Deemed dividend for ratchet shares (1,099,360)                 (1,099,360)             (1,099,360)                  
Foreign currency translation adjustment (47,501)                             (47,501) (47,501)                  
Net loss (3,932,483)                           (3,932,483)   (3,932,483)                  
Balance at Sep. 30, 2022 $ 12,326,372         $ 1,095       $ 51,467,127         $ (39,090,204) $ (51,646) $ 12,326,372                  
Balance, Shares at Sep. 30, 2022           10,945,904