SHAREHOLDERS’ EQUITY (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Equity [Abstract] |
|
SCHEDULE OF PREFERRED STOCK |
As
of December 31, 2022, authorized shares and shares issued and outstanding of the Company’s preferred stock by series were as follows:
SCHEDULE
OF PREFERRED STOCK
| |
Authorized
Shares | | |
Issued
and Outstanding | | |
Par
Value | |
Series
A Preferred Stock | |
| 4,500,000 | | |
| 4,500,000 | | |
| 4,500 | |
Series
B Preferred Stock | |
| 608,000 | | |
| 608,000 | | |
| 608 | |
Series
C Preferred Stock | |
| 5,000,000 | | |
| 5,000,000 | | |
| 5,000 | |
Series
D Preferred Stock | |
| 3,000,000 | | |
| 3,000,000 | | |
| 3,000 | |
Series
E Preferred Stock | |
| 1,591,994 | | |
| 1,591,994 | | |
| 1,592 | |
Series
F Preferred Stock | |
| 953,000 | | |
| 953,000 | | |
| 953 | |
Series
H Preferred Stock | |
| 5,000,000 | | |
| 536,000 | | |
| 536 | |
Series
I Preferred Stock | |
| 2,775,000 | | |
| 2,757,442 | | |
| 2,757 | |
Series
J Preferred Stock | |
| 2,500,000 | | |
| 1,281,600 | | |
| 1,282 | |
Series
K Preferred Stock | |
| 4,000,000 | | |
| 1,866,853 | | |
| 1,867 | |
Total | |
| 29,927,994 | | |
| 22,094,889 | | |
| 22,095 | |
|
SCHEDULE OF RESTRICTED COMMON STOCK ACTIVITY |
The
following table summarizes restricted common stock activity during the six months ended June 30, 2023:
SCHEDULE
OF RESTRICTED COMMON STOCK ACTIVITY
| |
| | |
| | |
Weighted | |
| |
Number of | | |
| | |
Average Grant | |
| |
Restricted | | |
| | |
Date Fair | |
| |
Shares | | |
Fair Value | | |
Value | |
Non-vested, December 31, 2022 | |
| - | | |
$ | - | | |
| - | |
Granted | |
| 113,500 | | |
| 746 | | |
| 6.57 | |
Vested | |
| - | | |
| (627 | ) | |
| 6.57 | |
Forfeited | |
| - | | |
| - | | |
| - | |
Non-vested, June 30, 2023 | |
| 113,500 | | |
$ | 119 | | |
$ | 6.57 | |
|
SCHEDULE OF STOCK OPTION ACTIVITY |
The
table below summarizes the Company’s stock option activities for the six months ended June 30, 2023:
SCHEDULE
OF STOCK OPTION ACTIVITY
| |
| | |
Exercise | | |
| |
| |
Number of | | |
Price Range | | |
Weighted Average | |
| |
Option Shares | | |
Per Share | | |
Exercise Price | |
Balance, December 31, 2022 | |
| 4,201,019 | | |
$ | 6.00 - 10.50 | | |
$ | 6.09 | |
Granted | |
| — | | |
| — | | |
| — | |
Cancelled | |
| — | | |
| — | | |
| — | |
Exercised | |
| — | | |
| — | | |
| — | |
Expired | |
| — | | |
| — | | |
| — | |
Balance, June 30, 2023 | |
| 4,201,019 | | |
$ | 6.00
- 10.50 | | |
$ | 6.09 | |
Vested and exercisable, June 30, 2023 | |
| 4,005,267 | | |
$ | 6.00
- 10.50 | | |
$ | 6.10 | |
Unvested, June 30, 2023 | |
| 195,752 | | |
$ | 6.00 | | |
$ | 6.00 | |
|
SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS |
The
following table summarizes information concerning outstanding and exercisable options as of June 30, 2023:
SCHEDULE
OF OUTSTANDING AND EXERCISABLE OPTIONS
| | |
Options Outstanding | | |
Options Exercisable | |
| | |
| | |
Average | | |
| | |
| | |
Average | | |
| |
| | |
| | |
Remaining | | |
Weighted | | |
| | |
Remaining | | |
Weighted | |
Range of Exercise | | |
Number | | |
Contractual Life | | |
Average
Exercise | | |
Number | | |
Contractual Life | | |
Average Exercise | |
Prices | | |
Outstanding | | |
(in years) | | |
Price | | |
Exercisable | | |
(in years) | | |
Price | |
$ | 6.00 | | |
| 4,092,887 | | |
| 4.98 | | |
$ | 6.00 | | |
| 3,897,135 | | |
| 4.81 | | |
$ | 6.00 | |
| 9.00 - 10.50 | | |
| 108,132 | | |
| 2.31 | | |
| 9.67 | | |
| 108,132 | | |
| 2.31 | | |
| 9.67 | |
$ | 6.00
- 10.50 | | |
| 4,201,019 | | |
| 4.91 | | |
$ | 6.09 | | |
| 4,005,267 | | |
| 4.74 | | |
$ | 6.10 | |
|
SCHEDULE OF WARRANTS ACTIVITY |
The
table below summarizes the Company’s warrants activities for the six months ended June 30, 2023:
SCHEDULE
OF WARRANTS ACTIVITY
| |
| | |
Exercise | | |
| |
| |
Number of | | |
Price Range | | |
Weighted Average | |
| |
Warrant Shares | | |
Per Share | | |
Exercise Price | |
Balance, December 31, 2022 | |
| 725,174 | | |
$ | 3.00
- 10.50 | | |
$ | 8.24 | |
Granted | |
| 340,972 | | |
| 5.40 - 10.50 | | |
| 7.40 | |
Cancelled | |
| (36 | ) | |
| 9.00 | | |
| 9.00 | |
Exercised | |
| (128,494 | ) | |
| 9.00 – 10.50 | | |
| 10.31 | |
Expired | |
| (4,762 | ) | |
| 10.50 | | |
| 10.50 | |
Balance, June 30, 2023 | |
| 932,854 | | |
$ | 3.00 - 10.50 | | |
$ | 7.64 | |
Vested and exercisable, June 30, 2023 | |
| 932,854 | | |
$ | 3.00 - 10.50 | | |
$ | 7.64 | |
|
SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS |
The
following table summarizes information concerning outstanding and exercisable warrants as of June 30, 2023:
SCHEDULE
OF OUTSTANDING AND EXERCISABLE WARRANTS
| | |
Warrants Outstanding | | |
Warrants Exercisable | |
| | |
| | |
Average | | |
| | |
| | |
Average | | |
| |
| | |
| | |
Remaining | | |
Weighted | | |
| | |
Remaining | | |
Weighted | |
Range of Exercise | | |
Number | | |
Contractual Life | | |
Average | | |
Number | | |
Contractual Life | | |
Average Exercise | |
Prices | | |
Outstanding | | |
(in years) | | |
Exercise Price | | |
Exercisable | | |
(in years) | | |
Price | |
$ | 3.00 | | |
| 133,333 | | |
| 3.67 | | |
$ | 3.00 | | |
| 133,333 | | |
| 3.67 | | |
$ | 3.00 | |
| 3.01 – 10.49 | | |
| 637,643 | | |
| 3.04 | | |
| 7.85 | | |
| 637,643 | | |
| 3.04 | | |
| 7.85 | |
| 10.50 | | |
| 161,878 | | |
| 2.08 | | |
| 10.50 | | |
| 161,878 | | |
| 2.08 | | |
| 10.50 | |
$ | 3.00 – 10.50 | | |
| 932,854 | | |
| 2.96 | | |
$ | 7.64 | | |
| 932,854 | | |
| 2.96 | | |
$ | 7.64 | |
|