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SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
SCHEDULE OF STOCK OPTION

A summary of the stock option activity under the Company’s incentive plan for the six months ended June 30, 2024 is presented below:

 

   Number of Shares   Weighted Average Exercise Price   Weighted Average Grant Date Fair Value   Weighted Average Remaining Contractual Term (years)   Aggregate Intrinsic Value 
Outstanding at December 31, 2023   30,329   $57.17   $77.22    3.4   $ 
Granted      $   $          
Forfeited   (7,247)  $39.35   $54.02          
Outstanding at June 30, 2024   23,082   $62.77   $84.51    2.9   $ 
                          
Exercisable at June 30, 2024   21,988   $65.74   $88.59    2.5   $ 
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

The Company’s activity in restricted stock units was as follows for the six months ended June 30, 2024:

 

   Number of shares   Weighted average fair value 
Non-vested at December 31, 2023   140,491   $28.97 
Granted   251,500   $0.85 
Forfeited   (9,750)  $2.87 
Vested   (26,125)  $2.62 
Non-vested at June 30, 2024   356,116   $11.76 
SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

 

  2024   2023   2024   2023 
   Three Months Ended June 30,   Six Months Ended June 30, 
Stock-based compensation expense for RSUs:  2024   2023   2024   2023 
General and administrative  $162,042   $592,929   $314,471   $845,244 
Research and development   207,158    232,434    412,899    464,868 
Total  $369,200   $825,363   $727,370   $1,310,112 
SCHEDULE OF WARRANTS OUTSTANDING

The following table summarizes information about shares issuable under warrants outstanding at June 30, 2024:

 

   Warrant shares outstanding   Weighted average exercise price   Weighted average remaining life   Intrinsic value 
Outstanding at December 31, 2023   2,799,213   $11.79    4.6   $ 
Exercised   (1,954,000)   1.37       $ 
Outstanding at June 30, 2024   845,213   $35.87    3.2   $ 
                     
Exercisable at June 30, 2024   845,213   $35.87    3.2   $ 
SCHEDULE OF WARRANTS AND INVESTMENT OPTIONS

The following table summarizes information about investment options outstanding at June 30, 2024:

 

   Investment options outstanding   Weighted average exercise price   Weighted average remaining life   Intrinsic value 
Outstanding at December 31, 2023   70,000   $10.00    4.1   $ 
Outstanding at June 30, 2024   70,000   $10.00    3.1   $ 
                     
Exercisable at June 30, 2024   70,000   $10.00    3.1   $