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STOCKHOLDERS’ EQUITY (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
SCHEDULE OF WARRANT ACTIVITY

A summary of the warrant activity during the year ended December 31, 2023 is presented below:

 

           Weighted 
       Weighted   Average 
       Average   Remaining 
   Number of   Exercise   Life 
   Warrants   Price   In Years 
Outstanding, January 1, 2023   4,791,082   $10.71      
Granted   -           
Exercised   -           
Expired   (63)   10,397      
Outstanding, December 31, 2023   4,791,019   $10.57    2.9 
                
Exercisable, December 31, 2023   4,791,019   $10.57    2.9 
SCHEDULE OF WARRANTS GRANTED ASSUMPTIONS

In applying the Black-Scholes option pricing model to warrants granted during 2022, the Company used the following assumptions:

 

   For the Year Ended 
   December 31, 2022 
Risk free interest rate   4.40%
Expected term (years)   5.00 
Expected volatility   313.55%
Expected dividends   0.00%
SCHEDULE OF STOCK WARRANTS

The following table presents information related to stock warrants at December 31, 2023:

 

Warrants Outstanding   Warrants Exercisable 
        Weighted     
    Outstanding   Average   Exercisable 
Exercise   Number of   Remaining Life   Number of 
Price   Warrants   In Years   Warrants 
                  
$2.92    51,370    3.9    51,370 
$10.00    4,501,938    2.9    4,501,938 
$12.00    235,970    2.9    235,970 
$60.00    250    1.0    250 
$800.00    869    0.8    869 
$2,240.00    39    0.5    39 
$2,800.00    264    0.3    264 
$3,400.00    264    0.3    264 
$4,000.00    55    0.1    55 
      4,791,019         4,791,019 
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the option activity during the year ended December 31, 2023 is presented below:

 

           Weighted     
       Weighted   Average     
       Average   Remaining     
   Number of   Exercise   Life   Intrinsic 
   Options   Price   In Years   Value 
Outstanding, January 1, 2023   864,639   $5.08           
Granted   629,017    2.91           
Exercised   -                
Forfeited   (26,764)   4.87           
Outstanding, December 31, 2023   1,466,892   $4.11    7.4   $- 
                     
Exercisable, December 31, 2023   1,201,526   $4.33    7.1   $- 
SCHEDULE OF INFORMATION RELATED TO STOCK OPTIONS

The following table presents information related to stock options at December 31, 2023:

 

Options Outstanding   Options Exercisable 
        Weighted     
    Outstanding   Average   Exercisable 
Exercise   Number of   Remaining Life   Number of 
Price   Options   In Years   Options 
              
$2.91    654,017    7.5    412,604 
$5.08    812,875    6.9    788,922 
      1,466,892         1,201,526 
SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS

In applying the Black-Scholes option pricing model to stock options granted, the Company used the following assumptions:

 

   For the Years Ended 
   December 31, 
   2023   2022 
Risk free interest rate   4.22%   2.42%
Expected term (years)   3.50    3.50 
Expected volatility   175.00%   285.91%
Expected dividends   0.00%   0.00%
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS

A summary of the unvested RSUs as of December 31, 2023 is as follows:

 

   Number of Shares 
Non-vested at January 1, 2023   201,870 
Granted   - 
Vested   (104,043)
Forfeited   - 
Non-vested at December 31, 2023   97,827 
SCHEDULE OF STOCK OPTION EXPENSE

The following table presents information related to stock-based compensation expense:

 

   For the Years Ended   Unrecognized at  

Weighted Average Remaining

Amortization

 
   December 31,   December 31,   Period 
   2023   2022   2023   (Years) 
General and administrative  $7,782,967   $12,612,862   $1,557,071    0.83 
Total  $7,782,967   $12,612,862   $1,557,071    0.83