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STOCKHOLDERS’ EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS | SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
Exercise price |  | $ | 4.84 |
Expected dividend yield |  |  | 0 | %
Risk free interest rate |  |  | 1.73 | %
Expected life in years |  |  | 10 |
Expected volatility |  |  | 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
|  | Number |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Life |
Stock Options |  |  |  |  |  |  |  |  |  |  |  |
Outstanding December 31, 2021 |  |  | 1,380,216 |  |  | $ | 7.36 |  |  |  | 6.32 |
Granted |  |  | 12,500 |  |  |  | 4.84 |  |  |  | 9.02 |
Expired |  |  | (35,250 | ) |  |  | 6.09 |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |
Outstanding December 31, 2022 |  |  | 1,357,466 |  |  | $ | 7.39 |  |  |  | 5.41 |
Granted |  |  | - |  |  |  | - |  |  |  | - |
Expired |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |
Outstanding December 31, 2023 |  |  | 1,357,466 |  |  | $ | 7.39 |  |  |  | 4.49 |
SCHEDULE OF SHARE-BASED COMPENSATION NONVESTED SHARES | A summary of the status of the Company’s nonvested options as of December 31, 2023, and changes during the years ended December 31, 2023 and 2022, is presented below: SCHEDULE OF SHARE-BASED COMPENSATION NONVESTED SHARES
Nonvested Options |  | Options |  |  | Weighted-Average Exercise Price |
Nonvested at December 31, 2021 |  |  | 202,583 |  |  | $ | 12.32 |
Granted |  |  | 12,500 |  |  |  | 4.84 |
Vested |  |  | (96,896 | ) |  |  | 10.44 |
Forfeited |  |  | - |  |  |  | - |
Nonvested at December 31, 2022 |  |  | 118,187 |  |  | $ | 13.07 |
Granted |  |  | - |  |  |  | - |
Vested |  |  | (68,355 | ) |  |  | 11.87 |
Forfeited |  |  | - |  |  |  | - |
Nonvested at December 31, 2023 |  |  | 49,832 |  |  | $ | 14.72 |
SUMMARY OF WARRANT | A summary of warrant issuances are as follows: SUMMARY OF WARRANT
|  | Number |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Life |
Warrants |  |  |  |  |  |  |  |  |  |  |  |
Outstanding December 31, 2021 |  |  | 1,533,158 |  |  | $ | 13.52 |  |  |  | 3.15 |
Granted |  |  | 4,000 |  |  |  | 5.00 |  |  |  | 4.02 |
Expired |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |
Outstanding December 31, 2022 |  |  | 1,537,158 |  |  | $ | 13.49 |  |  |  | 2.15 |
Granted |  |  | - |  |  |  | - |  |  |  | - |
Expired |  |  | (594,592 | ) |  |  | 4.00 |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |
Outstanding December 31, 2023 |  |  | 942,566 |  |  | $ | 19.47 |  |  |  | 2.31 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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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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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
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