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STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
SCHEDULE OF STOCK BASED COMPENSATION | The following table summarizes stock option-based compensation for the three months ended March 31, 2021 and 2020: SCHEDULE OF STOCK BASED COMPENSATION
|  | For the three months ended March 31, |
|  | 2021 |  |  | 2020 |
Research and development |  | $ | 609,000 |  |  | $ | 744,000 |
General and administrative |  |  | 474,000 |  |  |  | 512,000 |
Stock option-based compensation expense included in operating expense |  |  | 1,083,000 |  |  |  | 1,256,000 |
Total stock option-based compensation expense |  |  | 1,083,000 |  |  |  | 1,256,000 |
Tax benefit |  |  | - |  |  |  | - |
Stock option-based compensation expense, net of tax |  | $ | 1,083,000 |  |  | $ | 1,256,000 |
SCHEDULE OF WEIGHTED-AVERAGE ASSUMPTIONS TO ESTIMATE THE FAIR VALUE OF THE OPTIONS GRANTED | We used the following weighted-average assumptions to estimate the fair value of the options granted for the periods indicated: SCHEDULE OF WEIGHTED-AVERAGE ASSUMPTIONS TO ESTIMATE THE FAIR VALUE OF THE OPTIONS GRANTED
|  | For the three months ended March 31, |
|  | 2021 |  |  | 2020 |
Expected volatility |  |  | 99% |  |  |  | 111% |
Expected term |  |  | 6.08 years |  |  |  | 6.25 years |
Risk-free interest rate |  |  | 1.00% |  |  |  | 0.43% |
Expected dividend yield |  |  | 0% |  |  |  | 0% |
SCHEDULE OF OPTIONS ACTIVITY | The following table summarizes the options granted for the periods indicated: SCHEDULE OF OPTIONS ACTIVITY
|  | For the three months ended March 31, |
|  | 2021 |  |  | 2020 |
Options granted |  |  | 2,149,500 |  |  |  | 1,175,927 |
Weighted-average: |  |  |  |  |  |  |  |
Exercise price |  | $ | 2.29 |  |  | $ | 1.45 |
Grant date fair value |  | $ | 1.80 |  |  | $ | 1.21 |
Restricted Stock [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
SCHEDULE OF STOCK BASED COMPENSATION | Restricted Common Stock: The following table summarizes restricted common stock compensation expense for the three months ended March 31, 2021 and 2020: SCHEDULE OF STOCK BASED COMPENSATION
|  | For the three months ended March 31, |
|  | 2021 |  |  | 2020 |
Research and development |  | $ | 546,000 |  |  | $ | 325,000 |
General and administrative |  |  | 321,000 |  |  |  | 139,000 |
Restricted stock-based compensation expense included in operating expense |  |  | 867,000 |  |  |  | 464,000 |
Total restricted stock-based compensation expense |  |  | 867,000 |  |  |  | 464,000 |
Tax benefit |  |  | - |  |  |  | - |
Restricted stock-based compensation expense, net of tax |  | $ | 867,000 |  |  | $ | 464,000 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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