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STOCKHOLDERS’ EQUITY (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

SCHEDULE OF OPTIONS ACTIVITY

 SCHEDULE OF OPTIONS ACTIVITY

		Shares Under Options				Weighted Average Exercise Price per Share				Weighted Average Remaining Life (Years)
Outstanding – December 31, 2021			127,000			$	31.86				7.77
Granted			6,000				15.56				9.89
Exercised			-				-				-
Outstanding – March 31, 2022			133,000			$	26.00				7.63
Outstanding – December 31, 2022			147,619			$	24.42				7.24
Granted			-				-				-
Exercised			(5,459	)			1.40				0.24
Outstanding – March 31, 2023			142,160			$	25.31				7.50

SCHEDULE OF FAIR VALUE ASSUMPTION FOR OPTIONS GRANTED

The fair value for options granted in the first quarter of 2022 is estimated at the date of grant using a Black-Scholes-Merton options pricing model with the following underlying assumptions:

 SCHEDULE OF FAIR VALUE ASSUMPTION FOR OPTIONS GRANTED

		2022
Price at valuation		$	15.56
Exercise price		$	15.56
Risk free interest			2.32
Expected term (in years)			5
Volatility			127.9

SCHEDULE OF STOCK BASED EXPENSES RECOGNIZED SERVICES FROM EMPLOYEES AND NON-EMPLOYEES

The total stock-based expense recognized in the financial statements for services received from employees and non-employees is shown in the following table.

 SCHEDULE OF STOCK BASED EXPENSES RECOGNIZED SERVICES FROM EMPLOYEES AND NON-EMPLOYEES

		2023				2022
		Three Months Ended March 31,
		2023				2022
Research and development			2				2
Selling and marketing			6				6
General and administrative			59				78
Total		$	67			$	86

SCHEDULE OF WARRANTS ACTIVITY

For the three months ended March 31, 2023 and 2022, there were no warrants granted, exercised and/ or cancelled.

 SCHEDULE OF WARRANTS ACTIVITY

		Warrants
Outstanding – December 31, 2021			115,467
Granted			-
Exercised			-
Canceled			-
Outstanding – March 31, 2022			115,467
Outstanding – December 31, 2022			78,252
Granted			-
Exercised			-
Canceled			-
Outstanding – March 31, 2023			78,252

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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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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