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Stockholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2022
Stockholders' Equity Note [Abstract]  
Schedule of fair value of options granted
   Original   Exchanged 
Exercise price  $6.65   $2.546 
Term (years)   3.67    5.0 
Expected stock price volatility   116.2%   120.2%
Risk-free rate of interest   3.16%   2.98%

 

   For the
Three Months
Ended
September 30,
   For the
Nine Months
Ended
September 30,
 
   2022   2022 
Exercise price  $2.91 – 3.48   $ 2.55 – 6.45 
Term (years)   5.04 – 7.00    5.00 – 10.00 
Expected stock price volatility   114.8% – 119.9%   114.5% – 121.2 %
Risk-free rate of interest   3.2% – 3.5%   2.9% – 3.5%

 

Schedule of stock option activity
           Weighted 
           Average 
       Weighted   Remaining 
       Average   Contractual 
   Number of   Exercise   Life 
   Shares   Price   (in years) 
Outstanding as of December 31, 2021   
   $
    
 
Granted   9,479,883    2.43      
Exercised   (1,535,406)   0.001      
Cancelled  (1,180,812)   6.65      
Outstanding as of September 30, 2022   6,763,665    2.24    4.9 
Warrants vested and exercisable as of September 30, 2022   6,763,665   $2.24    4.9 

 

               Weighted 
               Average 
       Weighted       Remaining 
       Average   Total   Contractual 
   Number of   Exercise   Intrinsic   Life 
   Shares   Price   Value   (in years) 
Outstanding as of December 31, 2021   780,640   $0.01   $532,787    8.1 
Granted   768,613    6.10    
    
 
Forfeited / cancelled   
    
    
    
 
Exercised   (165,452)   0.01    573,465    
 
Outstanding as of September 30, 2022   1,383,801    3.40   $1,044,282    8.6 
Options vested and exercisable as of September 30, 2022   847,081   $3.13   $735,622    8.4 

 

Schedule of stock-based compensation expense
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2022   2021   2022   2021 
General and administrative  $255,115   $9,337   $1,193,743   $33,213 
Research and development   74,694    19,971    602,525    72,740 
Total  $329,809   $29,308   $1,796,268   $105,953