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SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF STOCK OPTION

A summary of activity under the Company’s incentive plan for the six months ended June 30, 2022 is presented below:

 

    Number of
Shares
   Weighted
Average
Exercise
Price
   Weighted
Average
Grant Date
Fair Value
   Weighted
Average
Remaining
Contractual
Term (years)
   Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2021    23,829   $79.00   $103.50    5.3   $34,333 
Forfeited   (1,000)  $175.00   $140.50         
Outstanding at June 30, 2022    22,829   $75.00   $101.50    4.6   $ 
                           
Exercisable at June 30, 2022    19,540   $75.00   $100.50    4.0   $ 
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

The Company’s activity in restricted common stock was as follows for the six months ended June 30, 2022:

 

    Number of shares   Weighted average
fair value
 
Non-vested at December 31, 2021    1,031   $141.50 
Granted    37,445   $33.5 
Forfeited    (700)  $146.50 
Vested    (266)  $138.68 
Non-vested at June 30, 2022    65   $96.50 
SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

 

                     
   Three months ended June 30,   Six months ended June 30, 
   2022   2021   2022   2021 
Stock-based compensation for RSU                    
General and administrative  $358,818   $783,045   $717,636   $4,342,498 
Research and development   263,778        624,727     
Total  $622,596   $783,045   $1,342,363   $4,342,498 
SCHEDULE OF WARRANTS

The following table summarizes information about shares issuable under warrants outstanding at June 30, 2022:

 

   Warrant shares
outstanding
   Weighted
average
exercise price
   Weighted
average
remaining life
   Intrinsic value 
Outstanding at December 31, 2021   195,463   $131.00    3.4   $801,024 
Issued   460,000   $27.50    4.6   $ 
Outstanding at June 30, 2022   655,463   $58.36    4.1   $21,437 
                     
Exercisable at June 30, 2022   655,463    58.36    4.1    21,437 
Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

The Company’s activity in restricted stock units was as follows for the six months ended June 30, 2022:

 

   Number of shares   Weighted average
fair value
 
Non-vested at December 31, 2021   62,013   $126 
Granted   37,445   $33.5 
Forfeited   (2,696)  $199.5 
Vested   (2,212)  $199.5 
Non-vested at June 30, 2022   94,550   $87.36