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WARRANTS (Tables)

3 Months Ended

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

X

- References

No definition available.

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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

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-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4332-108586

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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

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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

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-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

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