Quarterly report pursuant to Section 13 or 15(d)

Equity (Details)

v3.21.1
Equity (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Aug. 04, 2020
Equity (Details) [Line Items]      
Shares reserved for issuance (in Shares)     5,000,000
Aggregate purchase price $ 2,337,259 $ 1,539,251  
Common shares issued for services, value 360,000 213,300  
Aggregate intrinsic values of stock options outstanding $ 1,161,700    
Volatility rate, minimum 128.42%    
Volatility rate, maximum 0.36%    
Dividend yield 0.00%    
Expected life 5 years    
Aggregate fair value of the options granted $ 419,020    
Fair value description The fair values of options granted during the three months ended March 31, 2020 were estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions: volatility of 137.42% - 139.58%, risk-free rate of 1.39% - 1.67%, annual dividend yield of 0% and expected life of 5.00 – 10.00 years. The aggregate fair value of the options granted during the three months ended March 31, 2020 was $2,422,225.    
Stock-based compensation expense $ 202,505 785,350  
Compensation and Related Benefits [Member]      
Equity (Details) [Line Items]      
Stock-based compensation expense 139,507 674,998  
Professional Fees [Member]      
Equity (Details) [Line Items]      
Stock-based compensation expense 43,443 103,818  
Research and Development Expense [Member]      
Equity (Details) [Line Items]      
Stock-based compensation expense $ 19,555 $ 6,534  
Common Shares Issued for Services [Member]      
Equity (Details) [Line Items]      
Common shares issued for services, shares (in Shares) 300,000    
Common shares issued for services, value $ 360,000    
Stock-based compensation expense 98,968    
Reduction in accrued liabilities $ 261,032    
Jefferies LLC [Member]      
Equity (Details) [Line Items]      
Common shares sold for cash, shares (in Shares) 1,848,267    
Share price (in Dollars per share) $ 1.34    
Aggregate purchase price $ 2,337,259    
Net proceeds, net of commission and other offering costs $ 144,146