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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE

The following table summarizes the shares of common stock that were potentially issuable but were excluded from the computation of diluted net loss per share for the years ended December 31, 2022 and 2021 as such shares would have had an anti-dilutive effect: 

 

   2022   2021 
   As of December 31, 
   2022   2021 
Stock options (a)   146,191    11,500 
Warrants (b)   16,725    - 
Unvested restricted stock   181,102    161,450 

 

  (a)Includes 144,191 stock options assumed pursuant to the merger agreement with Precision Healing, Inc. (“Precision Healing”) in April 2022. See Note 4 for more information regarding the Precision Healing merger.
  (b)Warrants assumed pursuant to the merger agreement with Precision Healing in April 2022. See Note 4 for more information regarding the Precision Healing merger.
SCHEDULE OF REVENUE FROM PRODUCT SALES AND ROYALTIES

Revenue streams from product sales and royalties are summarized below for the years ended December 31, 2022 and 2021.

 

   2022   2021 
   For the Year Ended 
   December 31, 
   2022   2021 
Product sales revenue  $45,641,845   $23,942,919 
Royalty revenue   201,000    201,000 
Total Net Revenue  $45,842,845   $24,143,919 
SCHEDULE OF PROPERTY AND EQUIPMENT

 

   Useful  December 31,   December 31, 
   Life  2022   2021 
Computers  3-5 years  $172,154   $104,568 
Office equipment  3-7 years   87,225    21,731 
Furniture and fixtures  5-10 years   258,414    221,565 
Leasehold improvements  2-5 years   19,631    2,030 
Internal use software  5 years   1,618,998    1,622,525 
              
Property and equipment, gross      2,156,422    1,972,419 
Less accumulated depreciation      (739,986)   (342,574)
              
Property and equipment, net     $1,416,436   $1,629,845