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SALE OF COMMON STOCK, WARRANTS AND PRE- FUNDED WARRANTS (Tables)
12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SUMMARY OF WARRANT ACTIVITY

The following table summarizes warrant activity for the year ended December 31, 2020.

 

 

Warrants

Issued

  

Warrants

Exercised

  

Outstanding

December 31,

2020

 
Transaction            
February 14, 2020 common warrants   10,638,298    10,073,298    565,000 
December 23, 2020 common warrants   10,688,043        10,688,043 
December 23, 2020 placement agent warrants   641,283        641,283 
Total   21,967,624    10,073,298    11,894,326 
Private Placement [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE FOR MEASUREMENT OF FAIR VALUE OF PLACEMENT AGENT WARRANTS

Placement agent warrants:

 

   December 23, 2020   December 31, 2020 
Stock price  $0.65   $0.68 
Exercise price  $0.94   $0.94 
Risk-free rate   0.38%   0.36%
Volatility   99.7%   96.2%
Remaining term (years)   5.0    5.0 
Warrant [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE FOR MEASUREMENT OF FAIR VALUE OF PLACEMENT AGENT WARRANTS

Accompanying common warrants:

 

   December 23, 2020   December 31, 2020 
Stock price  $0.65   $0.68 
Exercise price  $0.62   $0.62 
Risk-free rate   0.38%   0.36%
Volatility   99.7%   96.2%
Remaining term (years)   5.0    5.0 
Warrant Liability [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE FOR MEASUREMENT OF FAIR VALUE OF PLACEMENT AGENT WARRANTS

 

   February 14, 2020   November 20, 2020   December 31, 2020 
Stock price  $1.69   $0.92   $0.68 
Exercise price  $2.80   $0.10   $0.10 
Risk-free rate   1.51%   0.53%   0.52%
Volatility   93.4%   99.4%   98.9%
Remaining term (years)   7.0    6.2    6.1