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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:

 

   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:

 

           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:

 

       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:

 

    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:

 

       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)   9.0010.50    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:

 

    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 
 3.0110.49    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 
$3.0010.50    932,854    2.96   $7.64    932,854    2.96   $7.64