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STOCKHOLDERS’ DEFICIT (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS

 SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS

Exercise price		$	1.96-5.60
Expected dividend yield			0	%
Risk free interest rate			0.81%-1.58	%
Expected life in years			5-10
Expected volatility			147%-158	%

There were 5,597,861 options outstanding as of December 31, 2020. The fair value of each stock option granted was estimated using the Black-Scholes assumptions and or factors as follows:

Exercise price		$	1.75
Expected dividend yield			0	%
Risk free interest rate			0.64%-1.61	%
Expected life in years			10
Expected volatility			140%-146	%

SCHEDULE OF SHARE-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY

The following is an analysis of the stock option grant activity under the Plan:

 SCHEDULE OF SHARE-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY

						Weighted Average				Weighted Average
		Number				Exercise Price				Remaining Life
Stock Options
Outstanding December 31, 2020			5,597,861			$	1.47				6.48
Granted			583,000			$	4.77				9.38
Expired			(280,000	)		$	1.00				-
Exercised			(370,000	)		$	1.48				-
Outstanding September 30, 2021			5,530,861			$	1.84				6.56

SCHEDULE OF SHARE-BASED COMPENSATION NONVESTED SHARES

 SCHEDULE OF SHARE-BASED COMPENSATION NONVESTED SHARES

Nonvested Options		Options				Weighted- Average Exercise Price
Nonvested at December 31, 2020			862,833			$	1.75
Granted			583,000			$	4.77
Vested			(540,104	)		$	3.15
Forfeited			-			$	-
Nonvested at September 30, 2021			905,729			$	3.03

SUMMARY OF WARRANT ISSUANCES

A summary of warrant issuances are as follows:

SUMMARY OF WARRANT ISSUANCES

						Weighted Average				Weighted Average
		Number				Exercise Price				Remaining Life
Warrants
Outstanding December 31, 2020			4,007,058			$	1.06				1.86
Granted			3,657,000				4.98				4.83
Expired			(150,249	)			1.25				-
Exercised			(1,381,179	)			1.13				-
Outstanding September 30, 2021			6,132,630			$	3.38				3.40

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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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.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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