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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2024
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 six months ended June 30, 2024 and 2023 as such shares would have had an anti-dilutive effect: SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE
|  | 2024 |  |  | 2023 |
|  | As of June 30, |
|  | 2024 |  |  | 2023 |
Stock options (a) |  |  | 31,013 |  |  |  | 124,191 |
Warrants (b) |  |  | 16,725 |  |  |  | 16,725 |
Unvested restricted stock |  |  | 230,277 |  |  |  | 164,755 |
Anti-dilutive securities |  |  | 230,277 |  |  |  | 164,755 |
| (a) | Shares underlying stock options assumed pursuant to the merger agreement with Precision Healing, Inc. (“Precision Healing”) in April 2022.
| (b) | Shares underlying warrants assumed pursuant to the merger agreement with Precision Healing in April 2022.
SCHEDULE OF REVENUE FROM PRODUCT SALES AND ROYALTIES | Revenue streams from product sales and royalties are summarized below for the three and six months ended June 30, 2024 and 2023. SCHEDULE OF REVENUE FROM PRODUCT SALES AND ROYALTIES
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Soft tissue repair products |  | $ | 17,641,318 |  |  | $ | 13,249,742 |  |  | $ | 33,723,610 |  |  | $ | 26,122,223 |
Bone fusion products |  |  | 2,516,599 |  |  |  | 2,453,172 |  |  |  | 4,970,945 |  |  |  | 5,052,358 |
Royalty revenue |  |  | 906 |  |  |  | 50,250 |  |  |  | 906 |  |  |  | 100,500 |
Total Net Revenue |  | $ | 20,158,823 |  |  | $ | 15,753,164 |  |  | $ | 38,695,461 |  |  | $ | 31,275,081 |
SCHEDULE OF PROPERTY AND EQUIPMENT | SCHEDULE OF PROPERTY AND EQUIPMENT
|  | Useful |  | June 30, |  |  | December 31, |
|  | Life |  | 2024 |  |  | 2023 |
Computers |  | 3-5 years |  | $ | 230,532 |  |  | $ | 194,788 |
Office equipment |  | 3-7 years |  |  | 214,190 |  |  |  | 201,785 |
Furniture and fixtures |  | 5-10 years |  |  | 346,508 |  |  |  | 304,338 |
Leasehold improvements |  | 2-5 years |  |  | 168,431 |  |  |  | 134,170 |
Internal use software |  | 5 years |  |  | 1,618,999 |  |  |  | 1,618,999 |
Property and equipment, gross |  |  |  |  | 2,578,660 |  |  |  | 2,454,080 |
Less accumulated depreciation |  |  |  |  | (1,462,394 | ) |  |  | (1,196,124 | )
Property and equipment, net |  |  |  | $ | 1,116,266 |  |  | $ | 1,257,956 |
SCHEDULE OF CHANGES IN FAIR VALUE FOR CONTINGENT EARNOUT CONSIDERATION | SCHEDULE OF CHANGES IN FAIR VALUE FOR CONTINGENT EARNOUT CONSIDERATION
Balance at December 31, 2023 |  | $ | 3,823,001 |
Changes in fair value of earnout liabilities |  |  | (79,451 | )
Revaluation of earnout liability |  |  | (4,000 | )
Balance at June 30, 2024 |  | $ | 3,739,550 |

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