EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Fair Value Assumptions

	1/20/2022	3/10/2021
Risk-free interest rate	1.62%-1.70%	1.00%
Volatility	125.19%	133.35%
Expected life (years)	5.00-6.00	6.00
Expected dividend yield	0%	0%

Summary of Stock Option Activity

The following table summarizes stock option activity for employees and non-employees for the three months ended March 31, 2022 and 2021:

	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2020	1,563,972	$2.78		9.47	$175,770
Granted	40,000	1.49
Exercised	—
Forfeited	—	—
Expired	—
Outstanding at March 31, 2021	1,603,972	$2.75		9.24	$787,801
Exercisable at March 31, 2021	143,747	$18.96		7.00	$57,900
Outstanding at December 31, 2021	1,597,972	$2.75		8.50	$—
Granted	1,254,000	$	0.48
Exercised	—
Forfeited	—
Expired	—
Outstanding at March 31, 2022	2,851,972	$1.75		8.94	$—
Exercisable at March 31, 2022	768,900	$4.46		8.01	$—