XML 28 R19.htm IDEA: XBRL DOCUMENT
v3.22.1

SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
SCHEDULE OF STOCK OPTION | A summary of activity under the Company’s incentive plan for the three months ended March 31, 2022 is presented below: SCHEDULE OF STOCK OPTION
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2021 |  |  | 1,191,434 |  |  | $ | 1.58 |  |  | $ | 2.07 |  |  |  | 5.3 |  |  | $ | 34,333 |
Forfeited |  |  | (50,000 | ) |  |  | 3.50 |  |  |  | 2.81 |  |  |  | — |  |  |  | — |
Outstanding at March 31, 2022 |  |  | 1,141,434 |  |  | $ | 1.50 |  |  | $ | 2.03 |  |  |  | 4.9 |  |  | $ | — |
Exercisable at March 31, 2022 |  |  | 958,915 |  |  | $ | 1.50 |  |  | $ | 2.01 |  |  |  | 4.2 |  |  | $ | — |
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY | The Company’s activity in restricted common stock was as follows for the three months ended March 31, 2022: SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY
|  | Number of shares |  |  | Weighted average fair value |
Non-vested at December 31, 2021 |  |  | 51,509 |  |  | $ | 2.83 |
Granted |  |  | 1,872,215 |  |  | $ | 0.67 |
Forfeited |  |  | (35,000 | ) |  | $ | 2.93 |
Vested |  |  | (10,032 | ) |  | $ | 3.05 |
Non-vested at March 31, 2022 |  |  | 6,477 |  |  | $ | 1.93 |
SCHEDULE OF WARRANTS | The following table summarizes information about shares issuable under warrants outstanding at March 31, 2022: SCHEDULE OF WARRANTS
|  | Warrant shares outstanding |  |  | Weighted average exercise price |  |  | Weighted average remaining life |  |  | Intrinsic value |
Outstanding at December 31, 2021 |  |  | 9,768,766 |  |  | $ | 2.62 |  |  |  | 3.4 |  |  | $ | 801,024 |
Granted |  |  | 23,000,000 |  |  |  | 0.55 |  |  |  | — |  |  |  | — |
Outstanding at March 31, 2022 |  |  | 32,768,766 |  |  | $ | 1.17 |  |  |  | 4.4 |  |  | $ | 35,729 |
Exercisable at March 31, 2022 |  |  | 32,768,766 |  |  | $ | 1.17 |  |  |  | 4.4 |  |  | $ | 35,729 |
Restricted Stock Units (RSUs) [Member] |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY | The Company’s activity in restricted stock units was as follows for the three months ended March 31, 2022: SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY
|  | Number of shares |  |  | Weighted average fair value |
Non-vested at December 31, 2021 |  |  | 3,100,613 |  |  | $ | 2.52 |
Granted |  |  | 1,872,215 |  |  | $ | 0.67 |
Forfeited |  |  | (134,794 | ) |  | $ | 3.99 |
Vested |  |  | (44,932 | ) |  | $ | 3.99 |
Non-vested at March 31, 2022 |  |  | 4,793,102 |  |  | $ | 1.75 |
SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS | The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods: SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS
|  | Three months ended March 31, |
Stock-based compensation for RSU |  | 2022 |  |  | 2021 |
General and administrative |  | $ | 358,818 |  |  | $ | 3,559,453 |
Research and development |  |  | 360,949 |  |  |  | — |
Total |  | $ | 719,767 |  |  | $ | 3,559,453 |
Stock-based compensation |  | $ | 719,767 |  |  | $ | 3,559,453 |

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + 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 (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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 (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |