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NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SCHEDULE OF EFFECTS OF THE RESTATEMENT TO AMOUNTS IN THE PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL STATEMENTS | The following tables present the effects of the correction of the prior period error to the condensed consolidated statement of operations and comprehensive loss (in thousands, except for per share data): SCHEDULE OF EFFECTS OF THE RESTATEMENT TO AMOUNTS IN THE PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL STATEMENTS
|  | For the three months ended September 30, 2022 |
Condensed Consolidated Statement of Operations and Comprehensive Loss |  | As Reported |  |  | Adjustment |  |  | As Revised |
Change in fair value of warrant liabilities |  | $ | — |  |  | $ | 3,050 |  |  | $ | 3,050 |
Net loss |  | $ | (9,484 | ) |  | $ | 3,050 |  |  | $ | (6,434 | )
Net loss attributable to Common Shareholders |  | $ | (9,484 | ) |  | $ | 3,050 |  |  | $ | (6,434 | )
Basic and diluted loss per common share |  | $ | (1.48 | ) |  | $ | 0.48 |  |  | $ | (1.00 | )
Comprehensive loss |  | $ | (9,494 | ) |  | $ | 3,050 |  |  | $ | (6,444 | )
|  | For the nine months ended September 30, 2022 |
Condensed Consolidated Statement of Operations and Comprehensive Loss |  | As Reported |  |  | Adjustment |  |  | As Revised |
Change in fair value of warrant liabilities |  | $ | — |  |  | $ | 5,995 |  |  | $ | 5,995 |
Net loss |  | $ | (38,570 | ) |  | $ | 5,995 |  |  | $ | (32,575 | )
Net loss attributable to Common Shareholders |  | $ | (42,352 | ) |  | $ | 5,995 |  |  | $ | (36,357 | )
Basic and diluted loss per common share |  | $ | (7.05 | ) |  | $ | 1.00 |  |  | $ | (6.05 | )
Comprehensive loss |  | $ | (42,369 | ) |  | $ | 5,995 |  |  | $ | (36,374 | )
The following tables present the effects of the correction of the prior period error to the condensed consolidated statement of stockholders’ equity (in thousands):
|  | As of September 30, 2022 |
Condensed Consolidated Statement of Stockholders’ Equity |  | As Reported |  |  | Adjustment |  |  | As Revised |
Additional paid-in capital, December 31, 2021 |  | $ | 705,570 |  |  | $ | (9,007 | ) |  | $ | 696,563 |
Total stockholders’ equity, December 31, 2021 |  | $ | 51,375 |  |  | $ | (9,007 | ) |  | $ | 42,368 |
Additional paid-in capital, June 30, 2022 |  | $ | 703,379 |  |  | $ | (9,007 | ) |  | $ | 694,372 |
Accumulated deficit, June 30, 2022 |  | $ | (684,726 | ) |  | $ | 2,945 |  |  | $ | (681,781 | )
Total stockholders’ equity, June 30, 2022 |  | $ | 20,086 |  |  | $ | (6,062 | ) |  | $ | 14,024 |
Net loss for the three months ended September 30, 2022 |  | $ | (9,484 | ) |  | $ | 3,050 |  |  | $ | (6,434 | )
Net loss for the nine months ended September 30, 2022 |  | $ | (38,570 | ) |  | $ | 5,995 |  |  | $ | (32,575 | )
Additional paid-in capital, September 30, 2022 |  | $ | 709,590 |  |  | $ | (9,007 | ) |  | $ | 700,583 |
Accumulated deficit, September 30, 2022 |  | $ | (694,210 | ) |  | $ | 5,995 |  |  | $ | (688,215 | )
Total stockholders’ equity, September 30, 2022 |  | $ | 15,413 |  |  | $ | (3,012 | ) |  | $ | 12,401 |
The following tables present the effects of the correction of the prior period error to the condensed consolidated cash flow statement (in thousands):
|  | For the nine months ended September 30, 2022 |
Condensed Consolidated Cash Flow Statement |  | As Reported |  |  | Adjustment |  |  | As Revised |
Net loss |  | $ | (38,570 | ) |  | $ | 5,995 |  |  | $ | (32,575 | )
Adjustments to reconcile net loss to cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  | $ | — |  |  | $ | (5,995 | ) |  | $ | (5,995 | )
Net cash used in operating activities |  | $ | (29,491 | ) |  | $ | — |  |  | $ | (29,491 | )
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE | SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
|  | 2023 |  |  | 2022 |
|  | For the three and nine months ended September 30, |
|  | 2023 |  |  | 2022 |
Stock options |  |  | 223,323 |  |  |  | 242,644 |
Restricted stock |  |  | 2,308,924 |  |  |  | 821,269 |
Warrants |  |  | 9,397,879 |  |  |  | 1,788,000 |
Total |  |  | 11,930,126 |  |  |  | 2,851,913 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9 + Details
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