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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE COSTS

The components of lease costs were as follows:

 

   2021   2020 
   Years ended December 31, 
   2021   2020 
         
Operating lease costs  $152,293   $144,047 
Short-term lease costs   35,604    342,700 
Total lease costs  $187,897   $486,747 

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

The weighted-average remaining lease term and discount rate were as follows:

 

   2021   2020 
   Years ended December 31, 
   2021   2020 
Operating leases:          
Weighted average remaining lease term (years)   1.7             1.3 
Weighted average discount rate   4.0%   9.0%

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

 

   2021   2020 
   Years ended December 31, 
   2021   2020 

Operating cash flow information:

          
Amounts included in measurement of lease liabilities  $145,410   $143,761 
Non-cash activities:          
ROU asset obtained in exchange for lease liability  $299,821   $120,635 
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES

The maturity of the Company’s operating lease liabilities as of December 31, 2021 were as follows:

 

Years ended December 31,    
2022  $150,120 
2023   100,673 
Total lease payments  $250,793 
Less: imputed interest   (8,496)
Present value of operating lease liabilities  $242,297 
Operating lease liabilities, current  $143,486 
Operating lease liabilities, noncurrent  $98,811 
SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS

In connection with the license agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows:

 

Years ended December 31,    
2022  $6,600,000 
2023   6,850,000 
2024   7,100,000 
2025   7,100,000 
Total  $27,650,000