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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)

9 Months Ended

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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