SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Earnings Per Share

The Company calculated the estimated fair value of warrants on the date of issuance and at each subsequent reporting date using the following assumptions:

	For the Year Ended December 31, 2021
Risk-free interest rate		0.80% - 1.19%
Contractual term		4.54 – 5 years
Dividend yield		0%
Expected volatility		56.27% - 88.3%

Schedule of Warrants Liabilities Measured at Fair Value Using Significant Unobservable Inputs

The table below provides a reconciliation of the beginning and ending balances for the warrant liability which is measured at fair value using significant unobservable inputs (Level 3):

Balance, January 1, 2021	$	-
Fair value of warrant liability at issuance (2021 Offering Warrants as defined and described in Note 6)		7,463,005
Change in the fair value of warrant liability		(2,661,076	)
Balance, December 31, 2021	$	4,801,929

Schedule of Potential Dilutive Securities

Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares):

	Year Ended
	December 31, 2021		December 31, 2020
Warrants		42,274,795		21,925,102
Options and restricted stock units		203,135		203,135
Total anti-dilutive weighted average shares		42,477,930		22,128,237