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STOCKHOLDERS’ EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
SCHEDULE OF STOCK OPTIONS GRANTED ASSUMPTIONS | In applying the Black-Scholes option pricing model to stock options granted during the six months ended June 30, 2023, the Company used the following assumptions: SCHEDULE OF STOCK OPTIONS GRANTED ASSUMPTIONS
|  | For the Six Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |
Risk free interest rate |  |  | 4.22 | % |  |  | 2.42 | %
Expected term (years) |  |  | 3.50 |  |  |  | 3.50 |
Expected volatility |  |  | 175 | % |  |  | 286 | %
Expected dividends |  |  | 0.00 | % |  |  | 0.00 | %
SCHEDULE OF STOCK OPTION ACTIVITY | A summary of the stock option activity during the six months ended June 30, 2023 is presented below: SCHEDULE OF STOCK OPTION ACTIVITY
|  | Number of Options |  |  | Weighted Average Exercise Price |
Outstanding, January 1, 2023 |  |  | 864,639 |  |  | $ | 5.08 |
Granted |  |  | 629,017 |  |  |  | 2.91 |
Expired |  |  | - |  |  |  | — |
Forfeited |  |  | (26,766 | ) |  |  | 5.08 |
Outstanding, June 30, 2023 |  |  | 1,466,890 |  |  | $ | 4.17 |
Exercisable, June 30, 2023 |  |  | 1,041,062 |  |  | $ | 4.66 |
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS | A summary of the Company’s unvested RSUs as of June 30, 2023 is as follows: SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS
|  |  | Number of Shares |
Outstanding, December 31, 2022 |  |  |  | 201,870 |
Granted |  |  |  | - |
Forfeited |  |  |  | - |
Vested |  |  |  | (104,043 | )
Outstanding, June 30, 2023 |  |  |  | 97,827 |
SCHEDULE OF STOCK COMPENSATION BY AWARD TYPE | The following table presents stock compensation by award type: SCHEDULE OF STOCK COMPENSATION BY AWARD TYPE
|  | For the Three Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Options |  | $ | 321,534 |  |  | $ | 1,865,297 |
RSUs |  |  | 1,164,135 |  |  |  | 1,190,349 |
Shares issued for services |  |  | - |  |  |  | 48,504 |
|  | $ | 1,485,669 |  |  | $ | 3,104,150 |
|  | For the Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Options |  | $ | 2,511,962 |  |  | $ | 4,004,246 |
RSUs |  |  | 2,312,885 |  |  |  | 2,354,474 |
Shares issued for services |  |  | - |  |  |  | 121,322 |
|  | $ | 4,824,847 |  |  | $ | 6,480,042 |

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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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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