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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

The summary of option activity for the three months ended March 31, 2024, is as follows:

 

   Number of
Options
   Weighted
Average
Exercise Price
   Weighted
Average
Contractual Life
   Total
Intrinsic
Value
 
Outstanding at December 31, 2022   3,925,943   $1.33    6.06   $      - 
Granted/forfeited   -    -    -    - 
Outstanding at December 31, 2023   3,925,943    1.33    5.06    - 
Forfeited   (165,000)   1.48    -    - 
Outstanding at March 31, 2024   3,760,943    1.33    4.70    - 
Exercisable at March 31, 2024   3,570,943   $1.29    4.53   $- 
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE

As of March 31, 2024, the Company had the following options outstanding:

 

Exercise
Price
   Number of
Options
Outstanding
   Number of
Options
Exercisable
   Weighted Average
Remaining
Contractual Years
   Intrinsic Value 
$1.01    1,985,943    1,985,943    2.24   $    - 
 1.25    415,000    415,000    6.90    - 
 1.37    200,000    200,000    6.38    - 
 1.75    800,000    710,000    7.66    - 
 2.20    360,000    260,000    8.19    - 
$1.33    3,760,943    3,570,943    4.70   $- 
SCHEDULE OF WARRANTS OUTSTANDING

 

   Number   Weighted Average
Price
 
Balance, December 31, 2022   20,048,497   $2.64 
Warrants modified pursuant to debt extinguishment (Note 7)   355,577,447    0.1 
Issued pursuant to debt agreements (Note 7)   183,560,497    0.15 
Issued   79,949,352    0.11 
Exercised   (2,652,159)   0.10 
Exercised   -   - 
Balance, December 31, 2023 and March 31, 2024   636,483,634   $0.12