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EARNINGS (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | NOTE 12 — EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted EPS is computed based on the sum of the weighted-average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares consist of shares issuable from stock options and warrants as shown below. The following table reconciles net loss and the weighted-average shares used in computing basic and diluted EPS in the respective periods: SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED
|  | 2022 |  |  | 2021 |
|  | For the Years Ended December 31, |
|  | 2022 |  |  | 2021 |
Net loss used for basic earnings per share |  | $ | (18,640,543 | ) |  | $ | (17,897,137 | )
Basic weighted-average common shares outstanding |  |  | 3,840,340 |  |  |  | 2,933,487 |
Dilutive potential shares issuable from stock options and warrants |  |  | — |  |  |  | — |
Diluted weighted-average common shares outstanding |  |  | 3,840,340 |  |  |  | 2,933,487 |
SCHEDULE OF DILUTIVE SECURITIES EXCLUDED FROM DILUTED NET LOSS PER SHARE
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
Shares of common stock subject to outstanding options |  |  | 608,012 |  |  |  | 484,186 |
Shares of common stock subject to outstanding warrants |  |  | 4,575,617 |  |  |  | 982,140 |
Total common stock equivalents |  |  | 5,183,629 |  |  |  | 1,466,326 |
Potentially dilutive common shares excluded from the calculation above represent stock options and warrants because their effect would be anti-dilutive.

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