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Warrants and Options (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Fair Value of Warrants Using Black Scholes Method

The fair value of these warrants was measured using the Black-Scholes valuation model at the grant date. The table below sets forth the assumptions for Black-Scholes valuation model on the respective reporting date.

 

                 Market         
    Number            Price on         
Reporting   of   Term    Exercise   Grant   Volatility   Fair 
Date   Options   (Years)    Price   Date   Percentage   Value 
1/01/216/30/21    306,730    3    $0.25 - 5.59   $3.78 - 5.59    148% - 209%  $1,244,179 
7/1/21-9/30/21    777,220    5    $1.77   $1.58    127%  $816,158 
10/01/2112/31/21    3,300,000    3    $1.30   $1.30    129%  $2,983,393 
01/01/22    300,000    2    $1.00   $0.80    126%  $142,169 
Summary of Warrant Outstanding

Exercise price is the weighted average for the respective warrants and end of period.

 

   Number of   Exercise 
   Warrants   Price 
Stock Warrants          
Balance at December 31, 2020   1,123,333   $8.30 
Warrants issued in connection with Convertible Notes (see note 10)   525,000    6.00 
Warrants issued in connection with the Public offering (see note 13)   12,049,792    2.82 
Balance at December 31, 2021   13,698,125   $3.24 
Warrants issued in connection with Convertible Notes (see note 10)   1,460,000    2.79 
Balance at June 30, 2022   

15,158,125

   $

3.04

 
           
Warrants Exercisable at June 30, 2022 and December 31, 2021   13,698,125   $3.04 
Convertible Note Warrants [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Fair Value of Warrants Using Black Scholes Method

                Market         
                Price         
Reporting   Relative   Term   Exercise   on Grant   Volatility   Risk-free 
Date   Fair Value   (Years)   Price   Date   Percentage   Rate 
 5/5/2020-5/19/21   $1,888,495    5   $6.00   $4.26    299%   0.0080 
 04/20/22   $706,977    5   $2.79   $1.11    281%.   0.0287 
Public Offering Warrants [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Fair Value of Warrants Using Black Scholes Method

                Market         
                Price         
Reporting   Relative   Term   Exercise   on Grant   Volatility   Risk-free 
Date   Fair Value   (Years)   Price   Date   Percentage   Rate 
 7/26/2021   $20,921,265    5   $2.79   $2.03    331%   0.0033 
 7/26/2021    786,395    5   $3.50   $2.03    331%   0.0033