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WARRANTS (Tables) | 3 Months Ended
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Mar. 31, 2022
Guarantees and Product Warranties [Abstract] |
Schedule Assumption used |
Schedule Assumption used |  |  |  |  |  |
Appraisal Date (Inception Date) |  | C Warrant August 10, 2021 |  |  | D Warrant August 10, 2021 |
(Unaudited) |  |  |  |  |  |
|  | $ |  |  | $ |
Market price per share (USD/share) |  |  | 1.47 |  |  |  | 0.66 |
Exercise price (USD/price) |  |  | 2.50 |  |  |  | 5.00 |
Risk free rate |  |  | 0.14% |  |  |  | 0.14% |
Dividend yield |  |  | 0.00% |  |  |  | 0.00% |
Expected term/ Contractual life (years) |  |  | 1.39 |  |  |  | 1.39 |
Expected volatility |  |  | 56.36% |  |  |  | 56.36% |
Appraisal Date (Inception Date) |  | C Warrant September 27, 2021 |  |  | D Warrant September 27, 2021 |
(Unaudited) |  |  |  |  |  |
|  | $ |  |  | $ |
Market price per share (USD/share) |  |  | 1.71 |  |  |  | 0.73 |
Exercise price (USD/price) |  |  | 2.50 |  |  |  | 5.00 |
Risk free rate |  |  | 0.15% |  |  |  | 0.15% |
Dividend yield |  |  | 0.00% |  |  |  | 0.00% |
Expected term/ Contractual life (years) |  |  | 1.26 |  |  |  | 1.26 |
Expected volatility |  |  | 52.93% |  |  |  | 52.93% |
Schedule of Warranty Liability |
Schedule of Warranty Liability |  |  |  |  |  |
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | $ |  |  | $ |
Balance at the beginning of period |  |  | 312,320 |  |  |  | – |
Warrants issued to investors |  |  | – |  |  |  | 287,520 |
Warrants redeemed |  |  | – |  |  |  | – |
Fair value change of warrants included in earnings |  |  | – |  |  |  | 24,800 |
Total |  |  | 312,320 |  |  |  | 312,320 |
Schedule of warrant activity |
Schedule of warrant activity |  |  |  |  |  |  |  |  |
|  | Number of Warrants |  |  | Average Exercise Price |  |  | Weighted Average Remaining Contractual Term in Years |
Outstanding at January 1, 2022 |  |  | 256,000 |  |  |  | 3.75 |  |  |  | 2.66 |
Exercisable at January 1, 2022 |  |  | 256,000 |  |  |  | 3.75 |  |  |  | 2.66 |
Granted |  |  | – |  |  |  | – |  |  |  | – |
Exercised / surrendered |  |  | – |  |  |  | – |  |  |  | – |
Expired |  |  | – |  |  |  | – |  |  |  | – |
Outstanding at March 31, 2022 |  |  | 256,000 |  |  |  | 3.75 |  |  |  | 2.66 |
Exercisable at March 31, 2022 |  |  | 256,000 |  |  |  | 3.75 |  |  |  | 2.66 |

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- Definition Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4313-108586 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4304-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4332-108586 + Details
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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126907703&loc=d3e12565-110249 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (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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