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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOW

 

   December 31, 2023   December 31, 2022 
         
Cash and cash equivalents  $2,202,632   $2,847,871 
Restricted cash   1,902,252    1,000,000 
Cash and cash equivalents and restricted cash  $4,104,884   $3,847,871 
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE

The following table sets forth the computation of basic and diluted Income per Share:

 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
         
Numerator:          
           
Net loss  $(14,365,513)  $(14,253,483)
Preferred Stock Dividends   (652,829)   (652,827)
Numerator for basic and diluted EPS - loss available to common shareholders  $(15,018,342)  $(14,906,310)
           
Denominator:          
Denominator for basic EPS - Weighted average shares   3,389,661    3,377,676 
Denominator for dilutive EPS - Adjusted weighted average shares   3,389,661    3,377,676 
           
Basic loss per common share  $(4.43)  $(4.41)
Dilutive loss per common share  $(4.43)  $(4.41)
SCHEDULE OF INTANGIBLE ASSETS

The following table provides a summary of the Intangible Assets:

   For the Years Ended December 31, 
             
   Cost   Accumulated
Amortization
Through 12/31/22
   Accumulated
Amortization
2023
   Net Book Value 
                 
Asset Intangibles - PWRS  $4,713,548   $1,981,639   $227,488   $2,504,421 
SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS

The following table provides a summary of the current estimate of future amortization of Intangible Assets:

 

      
2024  $227,488 
2025  $227,488 
2026  $227,488 
2027  $227,488 
2028  $227,488 
Thereafter   1,366,981 
Total  $2,504,421