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STOCKHOLDERS’ EQUITY (Tables)

3 Months Ended

Mar. 31, 2022

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 and exercisable warrants activity during the three months ended March 31, 2022:

 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, 2021			3,888,438			$	1.40 – 12.00			4.94 years		$	5.59
Exercised			(22,000	)			1.75			0.21 years			1.75
Cancelled/Forfeited/Expired			(6,800	)			2.00			-			2.00
Balance at March 31, 2022			3,859,638			$	1.40 – 12.00			4.48 years		$	5.61
Exercisable December 31, 2021			2,621,307			$	1.40 – 12.00			6.36 years		$	5.98
Exercisable March 31, 2022			3,546,232			$	1.40 – 12.00			4.72 years		$	5.69

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 three months ended March 31, 2022:

 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, 2021			1,658,733			$	1.00 – 19.61			5.85 years		$	5.45
Granted			50,000				4.12			4.76 years			4.12
Exercised			(40,000	)			1.40			1.19 years			1.40
Balance at March 31, 2022			1,668,733			$	1.00 – 19.61			5.68 years		$	5.51
Exercisable December 31, 2021			1,019,164			$	1.00 – 19.61			5.21 years		$	3.60
Exercisable at March 31, 2022			1,091,997			$	1.00 – 19.61			5.21 years		$	3.97

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 three months ended March 31, 2022:

 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, 2021			535,000			$	1.25 – 2.50			5.59 years		$	1.60
Granted			150,000				4.12			3.76 years			4.12
Balance at March 31, 2022			685,000			$	1.25 – 4.12			5 years		$	2.15
Exercisable December 31, 2021			100,000			$	1.75 – 2.50			1.96 years		$	2.01
Exercisable at March 31, 2022			100,000			$	1.75 – 2.50			1.72 years		$	2.01

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

A summary of outstanding RSU activity under our 2020 Plan is as follows:

 SCHEDULE OF WARRANT AND RESTRICTED STOCK OUTSTANDING AND EXERCISABLE 

		RSU Outstanding Number of Shares
Balance at December 31, 2021			375,375
Granted			547,500
Vested			(60,375	)
Balance at March 31, 2022			862,500

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 three months ended March 31, 2022:

 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, 2021			2,063,500			$	4.57 – 21.02			8.04 years		$	9.41
Granted			38,500				3.28 – 4.30			4.81 years			3.69
Cancelled/Forfeited/Expired			(78,802	)			7.07			8.85 years			7.07
Balance at March 31, 2022			2,023,198			$	3.28 – 21.02			7.72 years		$	9.39
Exercisable at December 31, 2021			636,229			$	4.57 – 21.02			8.95 years		$	9.18
Exercisable at March 31, 2022			787,411			$	3.28 – 21.02			8.68 years		$	9.30

X

- 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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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 1
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