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DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Liabilities  
SCHEDULE OF QUANTITATIVE INFORMATION TO VALUATION METHODOLOGY AND UNOBSERVABLE INPUTS

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s purchase warrants that were categorized within Level 3 of the fair value hierarchy during the years ended December 31, 2022 and 2021 is as follows:

 

   2022    2021 
Stock price  $ 1.012.94   $1.012.94  
Conversion price  $ 0.72 6.90   $0.726.90   
Contractual term (in years)   0.67 6.56    0.676.56 
Volatility (annual)   82.70211%    82.70 - 211%
Risk-free rate   0.091.21%    0.09 1.21%