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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)
6 Months Ended
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:

 

           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:

 

 

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

 

   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:

 

            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:

 

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:

 

   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:

 

   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