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Exchange Offer of Warrants | 12 Months Ended
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Dec. 31, 2021
Exchange Offer Of Warrants [Abstract] |
EXCHANGE OFFER OF WARRANTS | 10. EXCHANGE OFFER OF WARRANTS On February 4, 2020, the Company completed an exchange offer relating to its outstanding public warrants, in which the holders of the public warrants were offered 0.62 shares of common stock for each outstanding warrant tendered (the “Warrant Exchange Offer”). In total, 5,351,290 warrants were exchanged for 3,317,812 shares of common stock in accordance with the Warrant Exchange Offer. On February 19, 2020, the Company exchanged all remaining untendered public warrants for common stock at a rate of 0.56 shares per public warrant in accordance with the terms of the Warrant Agreement (the “Mandatory Conversion of Warrants”). In total 258,610 warrants were exchanged for 144,871 shares in this transaction. As a result of these transactions, the Company recognized in the year ended December 31, 2020 a deemed dividend of $713,212 resulting from the excess of the fair value of the common stock over the intrinsic value of the warrants.

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