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EQUITY COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2021
Share-based Payment Arrangement [Abstract] |
SCHEDULE OF STOCK BASED COMPENSATION | SCHEDULE OF STOCK BASED COMPENSATION
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Compensation cost recognized: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general & administrative |  | $ | 650,958 |  |  | $ | 96,958 |  |  | $ | 4,922,750 |  |  | $ | 176,247 |
Research & development |  |  | 98,402 |  |  |  | 6,752 |  |  |  | 371,625 |  |  |  | 13,505 |
Share-based Compensation Expense |  | $ | 749,360 |  |  | $ | 103,710 |  |  | $ | 5,294,375 |  |  | $ | 189,752 |
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 June 30, 2021 |  |  | 502,424 |  |  | $ | 6.09 |  |  |  | 3.50 years |  |  | $ | 1,602,561 |
Exercisable at June 30, 2021 |  |  | 135,860 |  |  | $ | 2.72 |  |  |  | 2.39 years |  |  | $ | 767,728 |
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 |  |  | 416,926 |  |  |  | 10.55 |  |  |  |  |
Vested and settled in shares |  |  | (8,915 | ) |  |  | 8.97 |  |  |  |  |
Outstanding at June 30, 2021 |  |  | 409,765 |  |  | $ | 10.59 |  |  | $ | 11,375 |
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 |  |  | (32,094 | ) |  |  | 7.91 |  |  |  |  |
Outstanding at June 30, 2021 |  |  | 233,848 |  |  | $ | 7.91 |  |  | $ | - |

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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + 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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