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NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF CONTRACT LIABILITIES

 

   March 31, 2022 
   December 31,
2021		   Additions/Reclass   Recognized Revenue   March 31,
2022		 
Contract liabilities, current  $1,665,519   $280,375   $157,173   $1,788,721 
Contract liabilities, non-current   2,687,786    897,438    363,687    3,221,537 
                     
   $4,353,305   $1,177,813   $520,860   $5,010,258 
SCHEDULE OF SHORT TERM INVESTMENTS

Cash and cash equivalents include funds on hand, in bank and short-term investments with original maturities of ninety (90) days or less.

 

   March 31, 2022 
   Adjusted
Cost		   Realized
Gains		   Realized
Losses		   Fair Value 
Demand deposits  $6,951,901   $—   $—   $6,951,901 
Short-term investments with original maturities of 90 days or less (Level 1)(1):                    
Money market funds   13,609,215    —    —    13,609,215 
Mutual funds   

84,818

    

—

    

(84,818

)   

—

 
                     
   $20,645,934   $—   $(84,818)  $20,561,116 

 

   December 31, 2021 
   Adjusted
Cost		   Unrealized
Gains		   Unrealized
Losses		   Fair Value 
Demand deposits  $5,031,246   $—   $—   $5,031,246 
Short-term investments with original maturities of 90 days or less (Level 1)(1):                    
Money market funds   14,928,526    —    —    14,928,526 
Mutual funds   12,079,901    —    (31,881)   12,048,020 
                     
   $32,039,673   $—   $(31,881)  $32,007,792