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SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
SCHEDULE OF STOCK OPTION

A summary of activity under the Company’s incentive plan for the nine months ended September 30, 2023, 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, 2022   48,329   $37.05   $44.82    4.1   $     
Forfeited   (16,476)  $5.79   $5.80       $ 
Outstanding at September 30, 2023   31,852   $53.18   $74.04    3.4   $ 
Exercisable at September 30, 2023   24,626   $63.72   $86.52    3.0   $ 
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

The Company’s activity in restricted stock units was as follows for the nine months ended September 30, 2023:

 

   Number of shares   Weighted average
fair value
 
Non-vested at December 31, 2022   64,053   $92.57 
Granted   182,500   $2.73 
Vested   (62,636)  $19.80 
Forfeited   (35,666)  $27.45 
Non-vested at September 30, 2023   148,251   $28.39 
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:

 

   2023   2022   2023   2022 
   Three months ended
September 30,
   Nine months ended
September 30,
 
   2023   2022   2023   2022 
Stock-based compensation expense for RSUs:                    
General and administrative  $101,607   $357,756   $946,851   $1,138,080 
Research and development   226,646    232,434    691,514    794,473 
Total  $328,253   $590,190   $1,638,365   $1,932,553 
SCHEDULE OF WARRANTS OUTSTANDING

The following table summarizes information about shares issuable under warrants outstanding on September 30, 2023:

 

   Warrant shares outstanding   Weighted average exercise price   Weighted average remaining life   Intrinsic value 
Outstanding at December 31, 2022   655,463   $58.36    3.6   $5,514 
Expired   (45,570)  $111.50       $ 
Outstanding at September 30, 2023   609,893   $50.46    2.9   $ 
Exercisable at September 30, 2023   609,893   $50.46    2.9   $ 
SCHEDULE OF WARRANTS AND INVESTMENT OPTIONS

The following table summarizes information about investment options outstanding on September 30, 2023:

 

   Investment options outstanding   Weighted average exercise price   Weighted average remaining life   Intrinsic value 
Outstanding at December 31, 2022   1,070,000   $7.93    5.1   $ 
Outstanding at September 30, 2023   1,070,000   $7.93    4.3   $ 
Exercisable at September 30, 2023   1,070,000   $7.93    4.3   $