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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
SCHEDULE OF COMMON STOCK | The Company issued the following common stock during the six months ended June 30, 2022 and 2021: SCHEDULE OF COMMON STOCK
Transaction Type |  | Shares Issued |  |  | Valuation $ (Issued) |  |  | Range of Value Per Share |
2022 Equity Transactions |  |  |  |  |  |  |  |  |  |  |  |
Common stock issued per exercise of options |  |  | 436,890 |  |  | $ | 282,625 |  |  | $ | 0.10-3.00 |
Common stock issued per exercise of warrants, cashless |  |  | 416,750 |  |  |  | — |  |  |  | — |
Common stock issued, pursuant to services provided |  |  | 542,949 |  |  |  | 6,167,226 |  |  |  | 2.00 – 14.00 |
Conversion of preferred stock |  |  | 11,376,536 |  |  |  | 2,844,134 |  |  |  | 0.25 |
Issuance of common stock pursuant to offering, net |  |  | 1,650,000 |  |  |  | 23,100,000 |  |  |  | 14.00 |
Issuance of common stock, pursuant to anti-dilutive provisions |  |  | 335,073 |  |  |  | 4,691,022 |  |  |  | 14.00 |
Transaction Type |  | Qty Shares Issued |  |  | Valuation $ (Issued) |  |  | Range of Value Per Share |
2021 Equity Transactions |  |  |  |  |  |  |  |  |  |  |  |
Common stock issued per PPM, Bridge Line Ventures |  |  | 214,957 |  |  |  | 2,579,464 |  |  |  | 12.00 |
Common stock issued, exercise of warrants |  |  | 21,250 |  |  |  | 172,386 |  |  |  | 3.50 |
Common stock issued, pursuant to services provided |  |  | 55,000 |  |  |  | 165,000 |  |  |  | 2.25 |
Conversion of preferred stock |  |  | 200,000 |  |  |  | 50,000 |  |  |  | 0.25 |
SCHEDULE OF PREFERRED STOCK | The following is a summary of the Company’s Preferred Stock activity during the six months ended June 30, 2022 and 2021: SCHEDULE OF PREFERRED STOCK
Transaction Type |  | Quantity |  |  | Carrying Value |  |  | Value per Share |
Preferred Stock Balance at December 31, 2021 |  |  | 13,256,936 |  |  | $ | 3,314,233 |  |  | $ | 0.25 |
Preferred Stock redemptions |  |  | (11,376,536 | ) |  |  | (2,844,134 | ) |  |  | 0.25 |
Preferred Stock Balance at June 30, 2022 |  |  | 1,880,400 |  |  |  | 470,099 |  |  | $ | 0.25 |
Transaction Type |  | Quantity |  |  | Carrying Value |  |  | Value per Share |
Preferred Stock Balance at December 31, 2020 |  |  | 13,456,936 |  |  | $ | 3,364,233 |  |  | $ | 0.25 |
2021 Preferred Stock redemptions |  |  | (200,000 | ) |  |  | (50,000 | ) |  |  | 0.25 |
Preferred Stock Balance at June 30, 2021 |  |  | 13,256,936 |  |  | $ | 3,314,233 |  |  | $ | 0.25 |
SCHEDULE OF STOCK OPTION ACTIVITY | The following is a summary of the Company’s stock option activity during the six-month periods ended June 30, 2022 and 2021: SCHEDULE OF STOCK OPTION ACTIVITY
Options |  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (In Years) |  |  | Aggregate Intrinsic Value |
Outstanding, January 1, 2022 |  |  | 21,927,182 |  |  | $ | 3.36 |  |  |  | 4.07 |  |  | $ | 5,990,800 |
Exercised |  |  | (481,250 | ) |  |  | 1.34 |  |  |  | — |  |  |  | — |
Granted |  |  | 13,372,500 |  |  |  | 11.92 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (1,693,750 | ) |  |  | — |  |  |  | — |  |  |  | — |
Outstanding, June 30, 2022 |  |  | 33,124,982 |  |  | $ | 7.70 |  |  |  | 3.86 |  |  | $ | 2,802,488 |
Exercisable, June 30, 2022 |  |  | 23,313,995 |  |  | $ | 5.96 |  |  |  | 3.34 |  |  | $ | 2,952,013 |
Options |  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (In Years) |  |  | Aggregate Intrinsic Value |
Outstanding, January 1, 2021 |  |  | 13,492,682 |  |  | $ | 3.28 |  |  |  | 4.25 |  |  | $ | 8,754,750 |
Granted |  |  | 7,259,500 |  |  |  | 6.46 |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding, June 30, 2021 |  |  | 20,752,182 |  |  | $ | 4.57 |  |  |  | 4.48 |  |  | $ | 636,912,928 |
Exercisable, June 30, 2021 |  |  | 16,242,658 |  |  | $ | 4.06 |  |  |  | 4.51 |  |  |  | 481,595,644 |
SCHEDULE OF WARRANT ACTIVITY | The following is a summary of the Company’s warrant activity during the six-month periods ended June 30, 2022 and 2021: SCHEDULE OF WARRANT ACTIVITY
|  | Number of Warrants |  |  | Weighted Average Exercise Price |
Balance, January 1, 2022 |  |  | 2,127,895 |  |  | $ | 5.4 |
Issued |  |  | 132,000 |  |  |  | 18.20 |
Exercised |  |  | (535,000 | ) |  |  | — |
Forfeited |  |  | (785,000 | ) |  |  | — |
Balance, June 30, 2022 |  |  | 939,895 |  |  | $ | 9.66 |
|  | Number of Warrants |  |  | Weighted Average Exercise Price |
Balance, January 1, 2021 |  |  | 1,602,415 |  |  | $ | 3.23 |
Issued |  |  | 214,957 |  |  |  | 12.00 |
Exercised |  |  | (21,250 | ) |  |  | — |
Forfeited/Cancelled |  |  | — |  |  |  | — |
Balance, June 30, 2021 |  |  | 1,796,122 |  |  | $ | 3.24 |

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- Definition Tabular disclosure of preferred units of master limited partnerships that have priority over limited partner units in areas including liquidation, redemption, conversion, tax status of distribution or sharing in distributions. This schedule ordinarily includes a description of the preferred units that details various rights including redemption, conversion, liquidation, and sharing in distributions; capital contributed by preferred partners; number of preferred units authorized to be issued, issued, and outstanding; aggregate cumulative cash distributions made to the preferred partners; aggregate cumulative net income earned by the preferred partners; capital account balance of the preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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