SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

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 years ended December 31, 2021 and 2020 because the effect of their inclusion would have been anti-dilutive.

	For the year ended December 31, 2021		For the year ended December 31, 2020
Warrants to purchase shares of common stock		9,768,766		3,251,406
Series B Preferred Stock		—		3,275,407
Restricted stock units – vested and unissued		2,785,820		—
Restricted stock units – unvested		3,100,613		—
Restricted stock awards – vested and unissued		32,099		—
Restricted stock awards - unvested		51,509		—
Options to purchase shares of common stock		1,191,434		929,765
Total potentially dilutive securities		16,930,241		7,456,578

SCHEDULE OF FAIR VALUE HIERARCHY OF VALUATION INPUTS ON RECURRING BASIS

The following table provides the financial liabilities measured on a recurring basis and reported at fair value on the consolidated balance sheet as of December 31, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

	Level		December 31, 2021
Warrant liabilities – January Warrants		3	$	333,471
Warrant liabilities – February Warrants		3		320,203
Fair value as of December 31, 2021			$	653,674

SCHEDULE OF FAIR VALUE OF 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		(4,512,529	)		(4,814,797	)		(9,327,326	)
Fair value as of December 31, 2021	$	333,471		$	320,203		$	653,674

Initial measurement [Member]

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		$	4.90
Dividend yield		0.0	%		0.0	%
Expected volatility		84.7	%		84.7	%
Risk free interest rate		0.5	%		0.5	%
Number of shares		1,821,449			1,714,005
Value (per share)	$	2.66		$	3.00

Subsequent measurement [Member]

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 December 31, 2021 are below:

	January Warrants			February Warrants
Term (years)		4.0			4.1
Stock price	$	0.93		$	0.93
Exercise price	$	4.95		$	4.90
Dividend yield		0.0	%		0.0	%
Expected volatility		74.3	%		73.9	%
Risk free interest rate		1.12	%		1.12	%
Number of shares		1,821,449			1,714,005
Value (per share)	$	0.18		$	0.19