SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2021

Multiemployer Plan [Line Items]

SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share for the six months ended June 30, 2021 and June 30, 2020 because the effect of their inclusion would have been anti-dilutive.

	For the three and six months ended June 30, 2021		For the three and six months ended June 30, 2020
Warrants to purchase shares of common stock		4,553,610		1,504,593
Convertible notes		-		380,920
Restricted stock units		2,596,459		-
Restricted stock awards		13,298		-
Options to purchase shares of common stock		225,565		3,604,348
Total potentially dilutive securities		7,388,932		5,489,861

SCHEDULE OF FAIR VALUE HIERARCHY OF VALUATION INPUTS ON RECURRING BASIS

	Level		June 30, 2021
Warrant liabilities – January Warrants		3	$	1,895,303
Warrant liabilities – February Warrants		3		1,813,154
Fair value as of June 30, 2021			$	3,708,457

SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES

The following table presents the changes in fair value of the warrant liabilities:

	January Warrants			February Warrants			Total Warrant Liability
Fair value as of December 31, 2020	$	-		$	-		$	-
Initial value of warrant liability		4,846,000			5,135,000			9,981,000
Change in fair value		(2,950,697	)		(3,321,846	)		(6,272,543	)
Fair value as of June 30, 2021	$	1,895,303		$	1,813,154		$	3,708,457

Initial Measurement [Member]

Multiemployer Plan [Line Items]

SCHEDULE OF BLACK SCHOLES VALUATION MODELS OF WARRANT LIABILITIES

	January Warrants			February Warrants
	January 13, 2021			February 12, 2021
Term (years)		5.0			5.0
Stock price	$	4.21		$	4.62
Exercise price	$	4.95		$	4.95
Dividend yield		0.0	%		0.0	%
Expected volatility		84.7	%		84.7	%
Risk free interest rate		0.5	%		0.5	%
Number of shares		1,821,514			1,714,005
Value (per share)	$	2.66		$	3.00

Subsequent Measurement [Member]

Multiemployer Plan [Line Items]

SCHEDULE OF BLACK SCHOLES VALUATION MODELS OF WARRANT LIABILITIES

The key inputs into the Black Scholes valuation model for the Level 3 valuations as of June 30, 2021 are below:

	January Warrants			February Warrants
Term (years)		4.5			4.6
Stock price	$	2.38		$	2.38
Exercise price	$	4.95		$	4.90
Dividend yield		0.0	%		0.0	%
Expected volatility		76.6	%		76.5	%
Risk free interest rate		0.87	%		0.87	%
Number of shares		1,821,449			1,714,005
Value (per share)	$	1.04		$	1.06