STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the nine months ended September 30, 2022, is presented below.

						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Options			Price		Life (Years)		Value
Outstanding as of January 1, 2022		5,404,223		$	1.72		2.24	$	107
Granted		2,741,555			1.06		-		-
Forfeited		(2,560,929	)		1.70		-		-
Exercised		(332,730	)		1.13		-		-
Outstanding as of September 30, 2022		5,252,119		$	1.55		2.00	$	19
Vested as of September 30, 2022		2,707,084		$	1.81			$	-
Exercisable as of September 30, 2022		1,686,439		$	2.22			$	-

SCHEDULE OF FAIR VALUE ASSUMPTIONS USING BLACK-SCHOLES METHOD

The grant date fair value of option awards is estimated using the Black-Scholes option pricing model based on the following assumptions:

	Nine Months Ended September 30,
	2022			2021
Risk-free interest rate		1.24% - 3.37	%		0.10% - 0.92	%
Average expected term		5 years			5 years
Expected volatility		143.6 – 149.5	%		232.8 - 240.0	%
Expected dividend yield		-			-