STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF SHARE BASED COMPENSATION

A summary of the stock option activity during the six months ended June 30, 2022, is presented in the table below:

				Weighted average
	Number of options			Exercise price		Remaining contractual life (in years)		Intrinsic value
Outstanding as of January 1, 2022		1,174,660		$	17.10		9.1	$	241,103
Granted		464,200		$	4.67		9.6	$	-
Exercised		-		$	-		-	$	-
Forfeited and cancelled		(33,237	)	$	11.46		-	$	-
Outstanding as of June 30, 2022		1,605,623		$	13.62		8.9	$	13,750
Exercisable as of June 30, 2022		137,797		$	77.01		5.7	$	-
Vested and expected to vest June 30, 2022		1,605,623		$	13.62		8.9	$	13,750

SCHEDULE OF STOCK BASED COMPENSATION EXPENSES

	For the three months ended June 30,				For the six months ended June 30,
	2022		2021		2022		2021
Research and development	$	214,254	$	8,280	$	384,690	$	16,470
General and administrative		690,141		12,393		1,350,888		24,648
Total stock-based compensation expense	$	904,395	$	20,673	$	1,735,578	$	41,118

SCHEDULE OF WEIGHTED AVERAGE INPUTS USED TO MEASURE VALUE OF OPTIONS GRANTED

	2022
Stock price	$	4.67
Exercise price	$	4.67
Expected term (in years)		5.9
Volatility		105.8	%
Risk free rate		1.8	%
Dividend yield		0.0	%

SCHEDULE OF EXERCISE PRICE OF OUTSTANDING STOCK OPTIONS

	Options outstanding
Exercise price
$0.01 - $8.00		564,925
$8.01 - $16.00		1,006,000
$16.01 or higher		34,698
Total		1,605,623