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STOCKHOLDERS’ EQUITY (Tables)

6 Months Ended

Jun. 30, 2021

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF RESERVED SHARES

At June 30, 2021, the Company has reserved 13,917,461 shares of authorized but unissued common stock for possible future issuance. At June 30, 2021, shares were reserved in connection with the following:

SCHEDULE OF RESERVED SHARES

Exercise of outstanding stock options			4,133,856
Exercise of outstanding stock warrants			9,540,187
Conversion of outstanding Series Alpha preferred stock			243,418
Total			13,917,461

SCHEDULE OF STOCK OPTION ACTIVITY

The following represents a summary of the options granted (under the 2020 Plan and otherwise) to employees and non-employee service providers that are outstanding at June 30, 2021, and changes during the six-month period then ended:

SCHEDULE OF STOCK OPTION ACTIVITY

		Shares				Weighted– Average Exercise Price				Range of Exercise Price				Weighted– Average Remaining Life (Years)
Total outstanding – December 31, 2020			4,011,356			$	7.05			$	3.52—1,465.75				9.29
Granted			127,000				2.12				1.80—3.29				9.83
Expired			—				—				—				—
Forfeited			(4,500	)			3.68				3.52 — 4.97				—
Total outstanding – June 30, 2021			4,133,856			$	6.90			$	1.80 — 1,465.75				8.82
Exercisable (vested)			1,296,860			$	11.50			$	4.97 — 1,465.75				8.36
Non-Exercisable (non-vested)			2,836,996			$	4.80			$	1.80 — 5.13				9.04

SCHEDULE OF ASSUMPTIONS USED IN BLACK-SCHOLES OPTION-PRICING METHOD

The material factors incorporated in the Black-Scholes model in estimating the fair value of the options granted for the periods presented were as follows:

		For the six months ended June 30, 2021
Expected dividend yield			0.00	%
Expected stock-price volatility			102	%
Risk-free interest rate			0.84% — 1.18	%
Expected average term of options			6.0
Stock price		$	2.12

SCHEDULE OF SHARE-BASED COMPENSATION EXPENSE

The Company recorded share-based compensation expense and classified it in the condensed consolidated statements of operations as follows:

		For the six months ended June 30,
		2021				2020
General and administrative		$	2,201,499			$	277,807
Research and development			347,550				88,684
Total		$	2,549,049			$	366,491

Compensatory Warrant Activity [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF WARRANT ACTIVITY

The following table summarizes the activity in the common stock equity classified compensatory warrants received in exchange for the Series C convertible preferred stock equity classified compensatory warrants for the six months ended June 30, 2021:

SCHEDULE OF WARRANT ACTIVITY

		Common Stock
		Shares				Weighted– Average Exercise Price				Range of Exercise Price				Weighted– Average Remaining Life (Years)
Total outstanding – December 31, 2020			1,294,217			$	1.66
Common stock warrants received in exchange for Series C preferred stock warrants upon reverse recapitalization			-				-
Legacy Ritter warrants			—				—
Granted			—				—
Exercised			(38,390	)			2.09
Expired			—				—
Forfeited			(65,179	)			2.07
Total outstanding – June 30, 2021			1,190,648			$	1.62
Exercisable			1,187,052			$	1.62			$	1.11 — 2.54				3.75
Non-Exercisable			3,596			$	2.54			$	2.54				5.23

SCHEDULE OF WARRANT ACTIVITY		Common Stock
		Shares				Weighted– Average Exercise Price				Range of Exercise Price				Weighted– Average Remaining Life (Years)
Total outstanding – December 31, 2019			—			$	1.99
Common stock warrants received in exchange for Series C preferred stock warrants upon reverse recapitalization			668,024				2.34
Legacy Ritter warrants			—				—
Granted			811,431				1.11
Expired			—				—
Forfeited			—				—
Total outstanding – June 30, 2020			1,479,455			$	1.67
Exercisable			660,832			$	2.34			$	2.07 — 2.54				3.82
Non-Exercisable			818,623			$	1.12			$	1.11 — 2.54				4.91

Non Compensatory Warrant Activity [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF WARRANT ACTIVITY

The following table summarizes the noncompensatory equity classified warrant activity for the six months ended June 30, 2021:

SCHEDULE OF WARRANT ACTIVITY

		Common Stock
		Shares				Weighted– Average Exercise Price				Range of Exercise Price				Weighted– Average Remaining Life (Years)
Total outstanding – December 31, 2020			6,549,777			$	4.37
Exercised			(1,000,000	)			0.01
Granted			—				—
Expired			—				—
Forfeited			—				—
Total outstanding – June 30, 2021			5,549,777			$	5.15
Exercisable			5,549,777			$	5.15			$	1.11 — 2,325.00				1.33
Non-Exercisable			—			$	—				—				—