Annual report pursuant to Section 13 and 15(d)

Equity (Details)

v3.22.1
Equity (Details) - USD ($)
1 Months Ended 12 Months Ended
Apr. 01, 2020
Dec. 21, 2021
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Equity (Details) [Line Items]          
Purchased shares (in Shares) 645,161        
Aggregate purchase price $ 1,000,000        
Issued shares (in Shares)       1,405,679 1,505,921
Unpaid professional fees     $ 202,500    
Issuance of shares (in Shares)     167,355    
Issuance of fair value     $ 202,500    
Line of credit   $ 3,000,000      
Shares issued (in Shares)   2,400,000      
Share issued of fair value       $ 202,500
Aggregate intrinsic values of stock options outstanding       $ 640,000  
Dividend yield       0.00%  
Fair value description       The fair values of options granted during the year ended December 31, 2021 were estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions: volatility of 119.21% - 128.42%, risk-free rate of 0.33% - 1.20%, annual dividend yield of 0%, and expected life of 3.00 - 5.00 years. The aggregate fair value of the options granted during the year ended December 31, 2021 was $726,952. The fair values of options granted during the year ended December 31, 2020 were estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions: volatility of 131.16% - 139.58%, risk-free rate of 0.20% - 1.67%, annual dividend yield of 0%, and expected life of 3.00 – 10.00 years.  
Stock-based compensation expense       $ 769,334 2,966,052
2020 Incentive Stock Plan [Member]          
Equity (Details) [Line Items]          
Stock-based compensation expense       $ 5,000,000  
Minimum [Member]          
Equity (Details) [Line Items]          
Share issued of fair value   $ 2,400,000      
Volatility rate       119.21%  
Risk-free rate       0.33%  
Volatility rate       1.20%  
Expected life       3 years  
Maximum [Member]          
Equity (Details) [Line Items]          
Share issued of fair value   $ 3,000,000      
Volatility rate       128.42%  
Expected life       5 years  
Professional Fees [Member]          
Equity (Details) [Line Items]          
Company issued (in Shares)     167,355    
Stock-based compensation expense       $ 157,207 240,354
Compensation and Related Benefits [Member]          
Equity (Details) [Line Items]          
Stock-based compensation expense       544,785 2,669,729
Research and Development Expense [Member]          
Equity (Details) [Line Items]          
Stock-based compensation expense       67,342 55,969
Common Shares Issued for Services [Member]          
Equity (Details) [Line Items]          
Fair market value       1,507,488 1,892,520
Stock-based compensation expense       1,075,756 1,670,166
Reduction in accrued liabilities       276,032 187,725
Prepaid expense       $ 155,700 $ 34,629
Jefferies LLC [Member]          
Equity (Details) [Line Items]          
Aggregate shares (in Shares)       2,206,838 3,913,413
Share price (in Dollars per share)       $ 1.3 $ 1.74
Net proceeds       $ 2,553,409 $ 6,405,475
Net proceeds, net of commission and other offering costs       $ 306,895 $ 398,624
Wenzhao Lu [Member]          
Equity (Details) [Line Items]          
Share price (in Dollars per share) $ 1.55        
Aggregate purchase price $ 1,000,000