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STOCKHOLDERS’ EQUITY (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

SCHEDULE OF STOCK OPTIONS GRANTED ASSUMPTIONS

In applying the Black-Scholes option pricing model to stock options granted, the Company used the following assumptions:

 SCHEDULE OF STOCK OPTIONS GRANTED ASSUMPTIONS

		For the Three Months Ended				For the Three Months Ended
		March 31,				March 31,
		2023				2022
Risk free interest rate			4.22	%			2.42	%
Expected term (years)			3.5				3.50
Expected volatility			175	%			286	%
Expected dividends			0.00	%			0.00	%

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the stock option activity during the three months ended March 31, 2023 is presented below:

 SCHEDULE OF STOCK OPTION ACTIVITY

		Number of Options				Weighted Average Exercise Price
Outstanding, January 1, 2023			864,639			$	5.08
Granted			629,017				2.91
Expired			-				-
Outstanding, March 31, 2023			1,493,656			$	4.17
Exercisable, March 31, 2023			951,222			$	4.62

SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS

A summary of our unvested RSUs as of March 31, 2023 is as follows:

 SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS

		Number of Shares
Outstanding, December 31, 2022			201,870
Granted			-
Forfeited			-
Vested			(104,043	)
Outstanding, March 31, 2023			97,827

SCHEDULE OF STOCK OPTION EXPENSE

The following table presents information related to stock compensation expense:

  SCHEDULE OF STOCK OPTION EXPENSE

		For the three months ended March 31,								Unrecognized at March 31,				Weighted Average Remaining Amortization Period
		2023				2022				2023				(Years)
Research and development		$	-			$	-			$	-
General and administrative			3,339,187				3,375,903				3,766,772
		$	3,339,187			$	3,375,903			$	3,766,772

SCHEDULE OF STOCK COMPENSATION BY AWARD TYPE

The following table presents stock compensation by award type:

 SCHEDULE OF STOCK COMPENSATION BY AWARD TYPE

		For the three months ended March 31,
		2023				2022
Options		$	2,190,428			$	2,138,949
RSUs			1,148,759				1,164,135
Shares issued for services			-				72,819
		$	3,339,187			$	3,375,903

X

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