STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

STOCK-BASED COMPENSATION [Abstract]

Information Regarding Equity Incentive Plan

The information regarding the 2020 Plan below is presented as though the combination occurred as of the beginning of the periods presented.

	Number of Restricted Shares and Units			Weighted Average Grant Date Fair Value Per Share
Unvested at January 1, 2020		1,237,396		$	0.62
Issued		2,191,869			1.21
Vested		1,729,589			0.72
Canceled		—			—
Unvested at December 31, 2020		1,699,676			1.28
Issued		454,000			11.71
Vested		907,545			0.03
Canceled		(100,000	)		12.18
Unvested at December 31, 2021		1,146,131		$	3.28

Fair Value of Stock Option Assumptions

The assumptions at the inception date are as follows:

	December 31,
	2021
Exercise Price	$	2.00 to $51.80
Fair value of Company common stock	$	7.85 to $22.90
Dividend yield		0%
Expected volatility	117% to 188%
Risk Free interest rate	0.27% to 1.59%
Expected life (years) remaining	0.84 to 10.00

Stock Option Activity

Stock option activity for the period ended December 31, 2021 is as follows:

	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)
Outstanding at January 1, 2021		—		$	—		—
Options assumed in Helix Merger		455,089		$	15.13		3.24
Granted		3,893,714		$	12.73		9.31
Exercised		(29,937	)	$	6.03		1.02
Forfeited and expired		(271,893	)	$	7.31		6.65
Outstanding at December 31, 2021		4,046,973		$	14.25		8.75
Vested options at December 31, 2021		526,352		$	15.13		3.24

Stock Compensation Expense

Stock compensation expense for the years ended December 31, 2021 and 2020 is as follows:

	Year Ended December 31,
	2021		2020
Services	$	36,013	$	—
Research and development		136,936		13,956
Sales and marketing		451,846		4,884
General and administrative		8,675,648		9,489
Total	$	9,300,443	$	28,329