STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
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3 Months Ended |
Mar. 31, 2023 |
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| STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS |
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| Schedule of fair value of warrant and stock options granted |
| | March 31, 2023 | | | March 31, 2022 | | Exercise Price | | $1.35 - $2.52 | | | $ | 6.00 | | Dividend Yield | | | 0% | | | | 0 | % | Volatility | | 162% - 209% | | | | 110 | % | Risk-free Interest Rate | | 4.56% - 4.73% | | | | 2.45 | % | Expected Life | | 1.5 - 2.5 Years | | | 7 Years | |
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| Schedule of warrant And Option outstanding Stock |
| | Warrants Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2021 | | | 836,464 | | | $ | 1.50 – 9.00 | | | 3.04 Years | | $ | 6.78 | | | $ | 1,784,838 | | Warrants Granted | | | 101,626 | | | $ | 6.00 | | | 7.00 Years | | $ | 6.00 | | | $ | 152,439 | | Warrants Exercised | | | - | | | $ | - | | | | | $ | - | | | $ | - | | Warrants Expired | | | - | | | $ | - | | | | | $ | - | | | $ | - | | Balance at March 31, 2022 | | | 938,090 | | | $ | 1.50 – 9.00 | | | 4.14 Years | | $ | 6.69 | | | $ | 757,863 | |
| | Warrants Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2022 | | | 10,387,877 | | | $ | 1.35 – 9.00 | | | 5.11 Years | | $ | 1.92 | | | $ | - | | Warrants Granted | | | 611,998 | | | $ | 1.35 – 2.52 | | | 4.14 Years | | $ | 2.09 | | | $ | 79,651 | | Warrants Exercised | | | - | | | $ | - | | | | | $ | - | | | $ | - | | Warrants Expired | | | (183,333 | ) | | $ | 9.00 | | | | | $ | 9.00 | | | $ | - | | Balance at March 31, 2023 | | | 10,816,542 | | | $ | 1.35 – 9.00 | | | 4.91 Years | | $ | 1.81 | | | $ | 4,436,674 | |
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| Schedule of options pricing model |
| | March 31, 2023 | | | March 31, 2022 | | Exercise Price | | $ | 1.88 – 2.32 | | | $ | 8.25 – 9.08 | | Dividend Yield | | | 0 | % | | | 0 | % | Volatility | | 148%-207 | % | | 191%-192 | % | Risk-free Interest Rate | | 4.09-4.40 | % | | 0.78%-1.52 | % | Expected Term | | 2.7 - 5.8 Years | | | 2.0 – 3.0 Years | |
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| Schedule of outstanding stock options |
| | Options Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2021 | | | 1,053,356 | | | $ | 0.79 – 10.74 | | | 6.21 Years | | | $ | 3.39 | | | $ | 5,804,517 | | Options Granted | | | 70,000 | | | 8.25 – 9.08 | | | 2.04 Years | | | | 8.29 | | | | - | | Options Exercised | | | - | | | | - | | | | - | | | | - | | | | - | | Options Expired/Forfeited | | | - | | | | - | | | | - | | | | - | | | | - | | Balance at March 31, 2022 | | | 1,123,356 | | | $ | 0.79 – 10.74 | | | 5.71 Years | | | $ | 3.70 | | | $ | 2,014,970 | |
| | Options Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2022 | | | 1,103,583 | | | $ | 0.79 - 9.30 | | | 5.33 Years | | | $ | 1.71 | | | $ | - | | Options Granted | | | 850,000 | | | $ | 1.88 - 2.32 | | | 7.91 Years | | | $ | 2.26 | | | | - | | Options Exercised | | | - | | | | - | | | | - | | | | - | | | | - | | Options Expired/Forfeited | | | - | | | | - | | | | - | | | | - | | | | - | | Balance at March 31, 2023 | | | 1,953,583 | | | $ | 0.79 - 9.30 | | | 6.31 Years | | | $ | 1.95 | | | $ | 521,929 | |
| | Options Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Exercisable at December 31, 2022 | | | 930,573 | | | $ | 0.79 - 9.30 | | | 5.83 Years | | $ | 1.60 | | | $ | - | | Exercisable at March 31, 2023 | | | 1,034,181 | | | $ | 0.79 - 9.30 | | | 5.50 Years | | $ | 1.67 | | | $ | 564,338 | |
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| Schedule of RSU activity under the Plan |
| | RSUs | | | Weighted Average Grant Date Fair Value Per Share | | | Weighted Average Vesting Period | | Unvested at December 31, 2021 | | | 133,585 | | | $ | 8.58 | | | 1.00 Years | | Granted | | | 41,667 | | | | 6.92 | | | 0.76 Years | | Vested | | | - | | | | | | | | | | Unvested at March 31, 2022 | | | 175,252 | | | $ | 8.17 | | | 0.74 Years | |
| | RSUs | | | Weighted Average Grant Date Fair Value Per Share | | | Weighted Average Vesting Period | | Unvested at December 31, 2022 | | | 380,000 | | | $ | 2.17 | | | 0.74 Years | | Granted | | | - | | | | - | | | | - | | Vested | | | - | | | | - | | | | - | | Unvested at March 31, 2023 | | | 380,000 | | | $ | 2.17 | | | 0.74 Years | |
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