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EQUITY COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2021
Share-Based Payment Arrangement [Abstract] |
SCHEDULE OF STOCK BASED COMPENSATION | SCHEDULE OF STOCK BASED COMPENSATION
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Compensation cost recognized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general & administrative |  | $ | 613,667 |  |  | $ | 3,130,905 |  |  | $ | 5,536,418 |  |  | $ | 3,307,152 |
Research & development |  |  | 98,401 |  |  |  | 8,646 |  |  |  | 470,025 |  |  |  | 22,151 |
Share-based compensation expenses |  | $ | 712,068 |  |  | $ | 3,139,551 |  |  | $ | 6,006,443 |  |  | $ | 3,329,303 |
SCHEDULE OF STOCK OPTION ACTIVITY | Stock option activity under the 2015 Stock Option Plan (the “Plan”) during the period indicated below were as follows: SCHEDULE OF STOCK OPTION ACTIVITY
|  | Number of Shares Subject to Issuance |  |  | Weighted-average Exercise Price |  |  | Weighted-average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2020 |  |  | 637,882 |  |  | $ | 2.50 |  |  |  | 2.55 years |  |  | $ | 5,686,421 |
Granted |  |  | 221,843 |  |  |  | 10.38 |  |  |  |  |  |  |  |  |
Exercised |  |  | (357,301 | ) |  |  | 2.34 |  |  |  |  |  |  |  |  |
Outstanding at September 30, 2021 |  |  | 502,424 |  |  | $ | 6.09 |  |  |  | 3.25 years |  |  | $ | 1,548,558 |
Exercisable at September 30, 2021 |  |  | 135,859 |  |  | $ | 2.72 |  |  |  | 2.14 years |  |  | $ | 743,173 |
SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING | The compensation expense incurred by the Company for RSUs is based on the closing market price of the Company’s common stock on the date of grant and is amortized ratably on a straight-line basis over the requisite service period and charged to general and administrative expense with a corresponding increase to additional paid-in capital. SCHEDULE OF RESTRICTED STOCK UNITS OUTSTANDING
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2020 |  |  | 1,754 |  |  | $ | 11.40 |  |  | $ | - |
Granted |  |  | 428,831 |  |  |  | 10.49 |  |  |  |  |
Vested and settled in shares |  |  | (17,278 | ) |  |  | 8.68 |  |  |  |  |
Forfeited |  |  | (4,650 | ) |  |  | 11.50 |  |  |  |  |
Outstanding at September 30, 2021 |  |  | 408,657 |  |  | $ | 10.56 |  |  | $ | 7,905 |
SCHEDULE OF PERFORMANCE STOCK UNITS | SCHEDULE OF PERFORMANCE STOCK UNITS
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2020 |  |  | 265,942 |  |  | $ | 7.91 |  |  | $ | - |
Forfeited |  |  | (37,444 | ) |  |  | 7.91 |  |  |  |  |
Outstanding at September 30, 2021 |  |  | 228,498 |  |  | $ | 7.91 |  |  | $ | - |

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