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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
STOCK-BASED COMPENSATION [Abstract]  
Information Regarding Equity Incentive Plan The information regarding the 2020 Plan below is presented as though the combination occurred as of the beginning of the periods presented.


 
Number of Restricted
Shares and Units
   
Weighted Average
Grant Date Fair Value
Per Share
 
Unvested at January 1, 2021
    1,699,676     $ 1.28  
Issued
   
454,000
     
11.71
 
Vested
   
(907,545
)
   
0.03
 
Canceled
    (100,000 )     12.18  
Unvested at December 31, 2021
   
1,146,131
     
3.28
 
Issued
   

     
 
Vested
   
(474,768
)
   
2.60
 
Canceled
    (120,105 )     0.59  
Unvested at December 31, 2022
   
551,258
   
$
4.48
 
Fair Value of Stock Option Assumptions The assumptions at December 31, 2022 and December 31, 2021 are as follows:

  December 31,  
December 31,
 
  2022  
2021
 
Exercise Price
  $ 2.00 to $51.80    
$
2.00 to $51.80
 
Fair value of Company common stock
  $ 2.98 to $15.61    
$
7.85 to $22.90
 
Dividend yield
    0%

    0%

Expected volatility
83% to 188%  
117% to 188%
 
Risk Free interest rate
0.27% to 4.52%  
0.27% to 1.59%
 
Expected life (years) remaining
0.01 to 9.62  
0.84 to 10.00
 
Stock Option Activity Stock option activity for the years ended December 31, 2022 and 2021 is as follows:

   
Shares Underlying
Options
   
Weighted Average
Exercise Price
   
Weighted Average
Remaining
Contractual Term
(in years)
 
Outstanding at January 1, 2021
   
   
$
     
 
Options assumed in Helix Merger
   
455,089
   
$
15.13
     
3.24
 
Granted
   
3,893,714
   
$
12.73
     
9.31
 
Exercised
   
(29,937
)
 
$
6.03
     
1.02
 
Forfeited and expired
   
(271,893
)
 
$
7.31
     
6.65
 
Outstanding at December 31, 2021
   
4,046,973
   
$
14.25
     
8.75
 
Granted     1,203,250     $ 4.02       9.14  
Exercised     (33,334 )   $ 2.47       2.55  
Forfeited and expired     (1,233,081 )   $ 13.87       8.12  
Outstanding at December 31, 2022     3,983,808     $ 10.53       8.23  
Vested options at December 31, 2022
   
1,844,890
   
$
13.51
     
8.57
 
Stock Compensation Expense Stock compensation expense for the years ended December 31, 2022 and 2021 is as follows:

   
For the Years Ended December 31,
 
   
2022
   
2021
 
Services
 
$
150,696
   
$
36,013
 
Research and development
   
449,835
     
136,936
 
Sales and marketing
   
409,076
     
451,846
 
General and administrative
   
6,883,938
     
8,675,648
 
Separation expenses
    5,417,043        
Total
 
$
13,310,588
   
$
9,300,443