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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
SCHEDULE OF WARRANT ACTIVITY | A summary of the warrant activity during the six months ended June 30, 2022, is presented below: SCHEDULE OF WARRANT ACTIVITY
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  | Weighted |  |  | Average |  |  |  |
|  |  |  |  | Average |  |  | Remaining |  |  | Aggregate |
|  | Number of |  |  | Exercise |  |  | Life |  |  | Intrinsic |
|  | Warrants |  |  | Price |  |  | In Years |  |  | Value |
Outstanding, January 1, 2022 |  |  | 4,739,871 |  |  | $ | 11.78 |  |  |  | 4.9 |  |  | $ | - |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Expired |  |  | (138 | ) |  |  | 16,107.00 |  |  |  |  |  |  |  |  |
Outstanding, June 30, 2022 |  |  | 4,739,733 |  |  | $ | 10.92 |  |  |  | 4.4 |  |  | $ | - |
Exercisable, June 30, 2022 |  |  | 4,739,733 |  |  | $ | 10.92 |  |  |  | 4.4 |  |  | $ | - |
SCHEDULE OF STOCK WARRANTS | The following table presents information related to warrants at June 30, 2022: SCHEDULE OF STOCK WARRANTS
Warrants Outstanding |  |  | Warrants Exercisable |
|  |  |  |  |  | Weighted |  |  |  |
|  |  | Outstanding |  |  | Average |  |  | Exercisable |
Exercise |  |  | Number of |  |  | Remaining Life |  |  | Number of |
Price |  |  | Warrants |  |  | In Years |  |  | Warrants |
$ | 10.00 |  |  |  | 4,501,937 |  |  |  | 4.4 |  |  |  | 4,501,937 |
$ | 12.50 |  |  |  | 235,970 |  |  |  | 4.4 |  |  |  | 235,970 |
$ | 60.00 |  |  |  | 250 |  |  |  | 2.5 |  |  |  | 250 |
$ | 800.00 |  |  |  | 869 |  |  |  | 2.3 |  |  |  | 869 |
$ | 2,240.00 |  |  |  | 39 |  |  |  | 2.0 |  |  |  | 39 |
$ | 3,400.00 |  |  |  | 264 |  |  |  | 1.8 |  |  |  | 264 |
$ | 4,000.00 |  |  |  | 55 |  |  |  | 1.8 |  |  |  | 55 |
$ | 8,000.00 |  |  |  | 19 |  |  |  | 1.3 |  |  |  | 19 |
$ | 14,000.00 |  |  |  | 18 |  |  |  | 1.0 |  |  |  | 18 |
$ | 16,000.00 |  |  |  | 298 |  |  |  | 1.6 |  |  |  | 298 |
$ | 16,600.00 |  |  |  | 14 |  |  |  | 0.3 |  |  |  | 14 |
|  |  |  |  | 4,739,733 |  |  |  | 4.4 |  |  |  | 4,739,733 |
SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS | SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS
|  | For the Six Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |
Risk free interest rate |  |  | 2.42 | % |  |  | 1.71 | %
Expected term (years) |  |  | 3.50 |  |  |  | 5.50 |
Expected volatility |  |  | 286 | % |  |  | 228 | %
Expected dividends |  |  | 0.00 | % |  |  | 0.00 | %
SCHEDULE OF STOCK OPTION ACTIVITY | A summary of the stock option activity during the six months ended June 30, 2022 is presented below: SCHEDULE OF STOCK OPTION ACTIVITY
|  |  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  |  | Weighted |  |  | Average |  |  |  |
|  |  |  |  |  | Average |  |  | Remaining |  |  | Aggregate |
|  |  | Number of |  |  | Exercise |  |  | Life |  |  | Intrinsic |
|  |  | Options |  |  | Price |  |  | In Years |  |  | Value |
Outstanding, January 1, 2022 |  |  |  | 839,639 |  |  | $ | 18.73 |  |  |  | 9.5 |  |  |  | - |
Granted |  |  |  | 25,000 |  |  |  | 4.92 |  |  |  |  |  |  |  |  |
Forfeited |  |  |  | (30 | ) |  |  | 3,273.00 |  |  |  |  |  |  |  |  |
Outstanding, June 30, 2022 |  |  |  | 864,609 |  |  | $ | 18.73 |  |  |  | 8.8 |  |  | $ | - |
Exercisable, June 30, 2022 |  |  |  | 532,045 |  |  | $ | 17.50 |  |  |  | 9.0 |  |  | $ | - |
SCHEDULE OF STOCK OPTION BY EXERCISE PRICE | The following table presents information related to stock options at June 30, 2022: SCHEDULE OF STOCK OPTION BY EXERCISE PRICE
Options Outstanding |  |  | Options Exercisable |
|  |  |  |  |  | Weighted |  |  |  |
|  |  | Outstanding |  |  | Average |  |  | Exercisable |
Exercise |  |  | Number of |  |  | Remaining Life |  |  | Number of |
Price |  |  | Options |  |  | In Years |  |  | Options |
$ | 4.92 |  |  |  | 25,000 |  |  |  | 4.8 |  |  |  | - |
$ | 13.50 | (1) |  |  | 838,550 |  |  |  | 9.0 |  |  |  | 530,994 |
$ | 1,040.00 |  |  |  | 44 |  |  |  | 7.3 |  |  |  | 44 |
$ | 3,000.00 |  |  |  | 1,004 |  |  |  | 4.6 |  |  |  | 996 |
$ | 22,800.00 |  |  |  | 1 |  |  |  | 2.0 |  |  |  | 1 |
$ | 48,200.00 - $52,000.00 |  |  |  | 9 |  |  |  | 1.5 |  |  |  | 9 |
$ | 120,000.00 |  |  |  | 1 |  |  |  | 0.4 |  |  |  | 1 |
|  |  |  |  | 864,609 |  |  |  | 8.8 |  |  |  | 532,045 |
| (1) | Subject to reduction to $5.08 per share in the event of stockholder approval of certain amendments to the 2021 Plan.
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS | A summary of our unvested RSUs as of June 30, 2022 is as follows: SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS
|  | Number of |
|  | Shares |
Outstanding, January 1, 2022 |  |  | 293,479 |
Granted |  |  | 24,876 |
Forfeited |  |  | - |
Vested |  |  | (104,052 | )
Outstanding, June 30, 2022 |  |  | 214,303 |
SCHEDULE OF STOCK COMPENSATION EXPENSE | The following table presents information related to stock compensation expense: SCHEDULE OF STOCK COMPENSATION EXPENSE
|  | For the Three Months Ended |  |  | For the Six Months Ended |  |  | Unrecognized at |  |  | Weighted Average Remaining Amortization |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | Period |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | (Years) |
Consulting |  | $ | 23,210 |  |  | $ | - |  |  | $ | 96,029 |  |  | $ | - |  |  | $ | - |  |  |  | - |
Research and development |  |  | - |  |  |  | 24,304 |  |  |  | - |  |  |  | 49,245 |  |  |  | - |  |  |  | - |
General and administrative |  |  | 3,080,941 |  |  |  | 2,902,160 |  |  |  | 6,384,025 |  |  |  | 16,953,806 |  |  |  | 13,843,633 |  |  |  | 1.4 |
|  | $ | 3,104,151 |  |  | $ | 2,926,464 |  |  | $ | 6,480,054 |  |  | $ | 17,003,231 |  |  | $ | 13,843,633 |  |  |  | 1.4 |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + 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 -URI https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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