EQUITY (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

SCHEDULE OF NET FUNDS RECEIVED ON OFFERING AND WARRANTS EXERCISED

The following table presents net funds received from the May Offering and warrants exercised as of March 31, 2022.

	Shares		Par value		Amount received
Offering		4,700,637	$	4,701	$	29,145,056
Exercise of Pre-Funded Units		1,611,000	$	1,611	$	16,110
Exercise of Underwriter’s Series A Warrants		808,363	$	808	$	3,755,774
Exercise of Series A and Series B Warrants		1,367,324	$	1,367	$	6,937,347
Offering Expenses		-	$	-	$	(88,848	)
Total		8,487,324	$	8,487	$	39,765,439

The following table presents net funds received from the July Offering and warrants exercised as of March 31, 2022.

	Shares		Par value		Amount received
Offering		5,324,139	$	5,324	$	28,957,297
Exercise of Pre-Funded Units		9,770,200	$	9,770	$	97,702
Exercise of Underwriter’s Over-Allotment Option		2,264,150	$	2,264	$	4,386,998
Offering Expenses		-	$	-	$	(49,553	)
Total		17,358,489	$	17,358	$	33,392,444

 

The following table presents net funds received from the December Offering and warrants exercised as of March 31, 2022.

	Shares		Par value		Amount received
Offering		18,923,334	$	18,923	$	27,263,673
Exercise of Pre-Funded Units		15,223,333	$	15,223	$	8,823
Exercise of Underwriter’s Over-Allotment Option		7,500,000	$	7,500	$	4,115,000
Offering Expenses		-	$	-	$	(40,621	)
Total		41,646,667	$	41,647	$	31,346,875

 

SCHEDULE OF WARRANT ACTIVITY

	Warrant for Common Shares			Weighted Average Exercise Price		Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Warrants Outstanding as of December 31, 2021		28,533,147		$	1.79		1.88	$	-
Warrants Vested and exercisable at December 31, 2021		28,533,147		$	1.79		1.88	$	-
Granted		-			-
Exercised		(15,843,378	)		0.001
Forfeited, cancelled, expired		-			-
Warrants Outstanding as of March 31, 2022		12,689,769		$	4.02		3.99	$	-
Warrants Vested and exercisable at March 31, 2022		12,689,769		$	4.02		3.99	$	-