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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
SCHEDULE OF COMMON STOCK | The Company issued the following common stock during the nine months ended September 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 |  |  | 616,890 |  |  | $ | 390,624 |  |  | $ | 0.10-$3.00 |
Common stock issued per exercise of warrants, cashless |  |  | 416,750 |  |  |  | — |  |  |  | — |
Common stock issued, pursuant to services provided |  |  | 865,528 |  |  |  | 7,671,609 |  |  |  | 2.00-14.00 |
Conversion of preferred stock |  |  | 12,376,536 |  |  |  | 3,094,134 |  |  |  | 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 |  |  | 231,624 |  |  | $ | 2,779,464 |  |  | $ | 12.00 |
Common stock issued, exercise of warrants, net |  |  | 21,250 |  |  |  | - |  |  |  | 3.50 |
Common stock issued, pursuant to services provided |  |  | 190,000 |  |  |  | 570,000 |  |  |  | 3.00 |
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 nine months ended September 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 |  |  | (12,376,536 | ) |  |  | (3,094,134 | ) |  |  | 0.25 |
Preferred Stock Balance at September 30, 2022 |  |  | 880,400 |  |  | $ | 220,099 |  |  | $ | 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 September 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 nine-month periods ended September 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 |  |  |  |  |  |  |  |  |
Exercised |  |  | (616,890 | ) |  |  | 1.22 |  |  |  | — |  |  |  | — |
Granted |  |  | 13,832,500 |  |  |  | 11.74 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (1,752,292 | ) |  |  | 3.81 |  |  |  | — |  |  |  | — |
Outstanding, September 30, 2022 |  |  | 33,390,500 |  |  | $ | 7.72 |  |  |  | 3.74 |  |  | $ | 13,657,954 |
Exercisable, September 30, 2022 |  |  | 11,852,438 |  |  | $ | 3.84 |  |  |  | 3.64 |  |  |  | 13,581,494 |
Options |  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (In Years) |  |  | Aggregate Intrinsic Value |
Outstanding, January 1, 2021 |  |  | 14,010,432 |  |  | $ | 3.36 |  |  |  |  |  |  |  |  |
Granted |  |  | 7,679,250 |  |  |  | 6.59 |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding, September 30, 2021 |  |  | 21,689,682 |  |  | $ | 4.65 |  |  |  | 4.21 |  |  | $ | 556,089,127 |
Exercisable, September 30, 2021 |  |  | 11,965,158 |  |  | $ | 3.36 |  |  |  | 4.40 |  |  |  | 274,497,579 |
SCHEDULE OF BLACK SCHOLES PRICING MODEL | The following table summarizes the range of the Black Scholes pricing model assumptions used by the Company during the nine months ended September 30, 2022 and September 30, 2021: SCHEDULE OF BLACK SCHOLES PRICING MODEL
|  | September 30, 2022 |  |  | September 30, 2021 |
|  |  | Range |  |  |  | Range |
Stock price |  | $ | 6.00 - $12.34 |  |  | $ | 3.00 - $3.00 |
Exercise price |  | $ | 6.00 - $14.00 |  |  | $ | 3.00 - $12.00 |
Expected life (in years) |  |  | 1.5 – 10.0 |  |  |  | 1.3 |
Volatility |  |  | 37% - 54 | % |  |  | 34 | %
Risk-fee interest rate |  |  | 1.37% - 2.97 | % |  |  | .09% - 2.49 | %
Dividend yield |  |  | — |  |  |  | — |
SCHEDULE OF WARRANT ACTIVITY | The following is a summary of the Company’s warrant activity during the nine-month periods ended September 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 | ) |  |  | 3.30 |
Forfeited |  |  | (785,000 | ) |  |  | 3.01 |
Balance, September 30, 2022 |  |  | 939,895 |  |  | $ | 9.16 |
|  | Number of Warrants |  |  | Weighted Average Exercise Price |
Balance, January 1, 2021 |  |  | 1,602,415 |  |  | $ | 3.23 |
Issued |  |  | 261,624 |  |  |  | 12.00 |
Exercised |  |  | (30,000 | ) |  |  | 3.50 |
Forfeited/Cancelled |  |  | — |  |  |  | — |
Balance, September 30, 2021 |  |  | 1,834,039 |  |  | $ | 4.34 |

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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 of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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