Share Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Stock Options Assumptions in Estimated Fair Value

The fair value of each option grant is estimated at the grant date using the Black Scholes method. The following assumptions were used in estimating fair value:

	2021			2020
Expected term		5.44 – 6.5 years			5.16 – 5.76 years
Volatility		112.94 – 103.6	%		107.5	%
Risk free interest rate		0.08 – 1.20	%		0..30 – 0.36	%
Dividend yield		0.00	%		0.00	%

Schedule of Stock Option Activity

A summary of the option activity during the years ended December 31, 2021 and 2020 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Life		Intrinsic
	Options			Price		In Years		Value
Outstanding, January 1, 2020		99,689		$	111.00
Granted		122,000			10.00
Forfeited		(11,000	)		63.88
Outstanding, December 31, 2020		210,689		$	31.48		8.7	$	-
Granted		3,246,551		$	7.70
Forfeited		(15,333	)		8.36
Outstanding, December 31, 2021		3,441,907		$	9.16		9.3	$	-
Exercisable, December 31, 2021		982,921		$	12.94		8.9	$	-

Schedule of Stock Option Activity Restricted Shares

The Company also issues restricted shares and restricted stock units under the 2016 Plan. A summary of the restricted share and restricted stock units activity during the years ended December 31, 2021 and 2020 is presented below:

	Number of
	Restricted Shares
Outstanding, January 1, 2020		7,806
Granted		10,000
Shares vested		(12,864	)
Outstanding, December 31, 2020		4,942
Granted		400,000
Shares Vested		(2,860	)
Outstanding, December 31, 2021		402,082

Schedule of Outstanding and Exercisable Restricted Stock Units

A summary of outstanding restricted stock units as of December 31, 2021 is presented below:

Restricted Stock Units
Grant Date	Restricted Stock Unit for	Outstanding Number of Units		Weighted Average Remaining Life In Years
9/13/2019	Common Stock		2,082		0.9
11/30/2021	Common Stock		400,000		-
	Total		402,082