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EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

SCHEDULE OF ACTIVITY RELATED TO RESTRICTED COMMON STOCK

SCHEDULE OF ACTIVITY RELATED TO RESTRICTED COMMON STOCK 

						Weighted-average grant date
		Total				fair value
Outstanding at January 1, 2021			1,200			$	65.33
Granted			221,783				2.87
Forfeited			—				—
Vested			(222,983	)			3.21
Outstanding at December 31, 2021			—				—
Granted			20,000				0.54
Forfeited			—				—
Vested			(20,000	)			0.54
Outstanding at December 31, 2022			—			$	—

SCHEDULE OF OPTION ACTIVITY

A summary of option activity during the years ended December 31, 2022 and 2021 is presented below:

 SCHEDULE OF OPTION ACTIVITY

		Number of				Weighted-average				Weighted-average remaining
		options				exercise price				life (in years)
Outstanding, January 1, 2021			300,000			$	3.33				1.10
Issued			—				—
Exercised			—				—
Forfeited			(200,000	)			2.50
Outstanding, December 31, 2021			100,000			$	5.00				1.92
Issued			337,500				0.41				4.40
Exercised			—				—
Forfeited			(25,000	)			0.41
Outstanding, December 31, 2022			412,500			$	1.52				3.56
Exercisable, December 31, 2022			144,375			$	3.59				1.98

SCHEDULE OF STOCK OPTIONS ASSUMPTIONS

The Company has estimated the fair value of the options using the Black-Scholes model using the following assumptions:

 SCHEDULE OF STOCK OPTIONS ASSUMPTIONS

		For the Year Ended
		December 31,2022
Risk free interest rate			1.53-4.33	%
Expected term (years)			5
Expected volatility			59.10-156.87	%
Expected dividends			—

SCHEDULE OF WARRANTS ACTIVITY

A summary of warrants activity during the years ended December 31, 2022 and 2021 is presented below:

SCHEDULE OF WARRANTS ACTIVITY 

						Weighted-average				Weighted-average
		Number of				exercise				remaining life
		Warrants				price				(in years)
Outstanding, January 1, 2021			2,582,857			$	4.08				3.3
Issued			21,869,064				0.46
Exercised			(4,075,337	)			0.01
Forfeited			(92,568	)			19.99
Outstanding, December 31, 2021			20,284,016			$	1.66				4.0
Issued			597,819				2.01
Exercised			(2,848,195	)			0.01
Forfeited			—				—
Outstanding, December 31, 2022			18,033,640			$	1.93				3.5
Exercisable, December 31, 2022			18,033,640			$	1.93				3.5

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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-Paragraph 2
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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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