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STOCKHOLDERS’ EQUITY (Tables)

6 Months Ended

Jun. 30, 2021

Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

SCHEDULE OF WARRANT AND RESTRICTED STOCK OUTSTANDING AND EXERCISABLE

The following is a summary of outstanding RSU activity under our 2020 Plan during the six months ended June 30, 2021:

 SCHEDULE OF WARRANT AND RESTRICTED STOCK OUTSTANDING AND EXERCISABLE

		RSUs Outstanding Number of Shares
Balance at December 31, 2020			35,000
Granted			356,250
Vested			(26,875	)
Cancelled/Forfeited/Expired			-
Balance at June 30, 2021			364,375

Service Based Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

SCHEDULE OF OPTION ACTIVITY

The following is a summary of outstanding service-based options activity (prior to the establishment of our 2020 Plan above) for the six months ended June 30, 2021:

 SCHEDULE OF OPTION ACTIVITY

		Options Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance, December 31, 2020			2,243,400			$	0.80 - 7.95				5.14 years			$	2.11
Granted			410,000				4.75 – 19.61				7.34 years				13.17
Exercised			(100,000	)			0.80 – 2.00				2.58 years				1.31
Cancelled/Forfeited/Expired			(992,000	)			1.50 – 4.75				9.44 years				2.80
Balance at June 30, 2021			1,561,400			$	1.00 – 19.61				6.36 years			$	5.49
Exercisable December 31, 2020			1,570,428			$	1.00 – 7.50				2.57 years			$	1.67
Exercisable at June 30, 2021			837,997			$	1.00 – 19.61				5.23 years			$	2.69

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

SCHEDULE OF OPTION ACTIVITY

The following is a summary of outstanding performance-based options activity for the six months ended June 30, 2021:

 SCHEDULE OF OPTION ACTIVITY

		Options Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance at December 31, 2020			1,165,000			$	1.25 – 7.50				4.97 years			$	1.80
Granted			-
Exercised			(235,000	)			2.00				0.47 years				2.00
Cancelled/Expired			(265,000	)			1.25 – 2.00				3.74 years				1.75
Balance at June 30, 2021			665,000			$	1.25 – 7.50				6.19 years			$	1.75
Exercisable December 31, 2020			425,000			$	2.00				1.18 years			$	2.00
Exercisable at June 30, 2021			90,000			$	1.75 – 2.00				2.38 years			$	1.96

2020 Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

SCHEDULE OF OPTION ACTIVITY

The following is a summary of outstanding options activity under our 2020 Plan for the six months ended June 30, 2021: 

 SCHEDULE OF OPTION ACTIVITY

		Options Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance, December 31, 2020			829,000			$	5.20 – 8.81				9.75			$	7.49
Granted			958,000				6.00 – 21.02				9.64				11.09
Exercised			-
Cancelled/Forfeited/Expired			-
Balance at June 30, 2021			1,787,000			$	5.20 – 21.02				8.40			$	9.42
Exercisable at December 31, 2020			76,222			$	5.20 – 8.81				9.77			$	7.74
Exercisable at June 30, 2021			331,000			$	5.20 – 21.02				9.39			$	8.49

SCHEDULE OF WARRANT AND RESTRICTED STOCK OUTSTANDING AND EXERCISABLE

The following is a summary of outstanding and exercisable warrants activity during the six months ended June 30, 2021:

 SCHEDULE OF WARRANT AND RESTRICTED STOCK OUTSTANDING AND EXERCISABLE

		Warrants Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance at December 31, 2020			3,550,471			$	1.40 – 5.75				5.58 years			$	4.56
Granted			500,000				12.00				4.92 years				12.00
Exercised/Expired			(65,684	)			4.75				4.34 years				4.75
Balance at June 30, 2021			3,984,787			$	1.40 – 12.00				5.08 years			$	5.49
Exercisable December 31, 2020			2,144,700			$	1.40 – 5.75				7.67 years			$	4.29
Exercisable June 30, 2021			2,994,760			$	1.40 – 12.00				6.12 years			$	5.67

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- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

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