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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

The following summarizes the stock option activity for the years ended December 31, 2022 and 2021:

 

 

   Options   Weighted-Average 
   Outstanding   Exercise Price 
Balance as of December 31, 2020   735   $775.93 
Grants   1,386    304.44 
Exercised   -    - 
Cancelled   -    - 
Balance as of December 31, 2021   2,121   $775.93 
Grants   865,116    1.34 
Exercised   -    - 
Cancelled   1,254    67.40 
Balance as of December 31, 2022   865,983   $1.67 
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS FOR STOCK OPTIONS GRANTED

 

   2022   2021 
Expected term (years)   5    5.74 
Expected stock price volatility   280.82%   296.25%
Weighted-average risk-free interest rate   3.65%   0.62%
Expected dividend  $0.00   $0.00 
SCHEDULE OF STOCK OPTIONS VESTED AND EXPECTED TO VEST

The following summarizes certain information about stock options vested and expected to vest as of December 31, 2022:

 

 

       Weighted-Average     
   Number of   Remaining Contractual Life   Weighted-Average 
   Options   (In Years)   Exercise Price 
Outstanding   865,983    4.85   $1.54 
Exercisable   689,948    4.83   $1.67 
Expected to vest   865,983    4.85   $1.54 
SCHEDULE OF RESTRICTED STOCK ACTIVITY

The following summarizes the restricted stock activity for the years ended December 31, 2022 and 2021:

 

 

       Weighted-Average 
   Shares   Fair Value 
Balance as of December 31, 2020   923    748.89 
Shares of restricted stock granted   447    413.33 
Exercised   -    - 
Cancelled   -    - 
Balance as of December 31, 2021   1,370    639.22 
Shares of restricted stock granted   321,428    225,000 
Exercised   -    - 
Cancelled   -    - 
Balance as of December 31, 2022   322,798    

225,639

 
SCHEDULE OF RESTRICTED STOCK AWARD

 

   December 31,   December 31, 
Number of Restricted Stock Awards  2022   2021 
Vested   1,370    1,370 
Non-vested   321,428    -