EQUITY (Tables)

12 Months Ended

Dec. 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 December 31, 2022.

	Shares		Par value		Amount received
Offering		235,032	$	235	$	29,145,056
Exercise of Pre-Funded Units		80,550	$	81	$	16,110
Exercise of Underwriter’s Series A Warrants		40,418	$	40	$	3,755,774
Exercise of Series A and Series B Warrants		68,366	$	68	$	6,937,347
Offering Expenses		-	$	-	$	(88,848	)
Total		424,366	$	424	$	39,765,439

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

	Shares		Par value		Amount received
Offering		266,207	$	266	$	28,957,297
Exercise of Pre-Funded Units		488,510	$	489	$	97,702
Exercise of Underwriter’s Over-Allotment Option		113,207	$	113	$	4,386,998
Offering Expenses		-	$	-	$	(49,553	)
Total		867,924	$	868	$	33,392,444

 

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

	Shares		Par value		Amount received
Offering		946,166	$	946	$	27,263,673
Exercise of Pre-Funded Units		761,167	$	761	$	8,823
Exercise of Underwriter’s Over-Allotment Option		375,000	$	375	$	4,115,000
Offering Expenses		-	$	-	$	(40,621	)
Total		2,082,333	$	2,082	$	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		1,426,657		$	35.80		1.88	$	-
Warrants Vested and exercisable at December 31, 2021		1,426,657		$	35.80		1.88	$	-
Granted		-			-
Exercised		(792,169	)		0.02
Forfeited, cancelled, expired		-			-
Warrants Outstanding as of December 31, 2022		634,488		$	80.40		3.23	$	-
Warrants Vested and exercisable at December 31, 2022		634,488		$	80.40		3.23	$	-