STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the three months ended March 31, 2023 is presented below.

						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Options			Price		Life (Years)		Value
Outstanding at January 1, 2023		139,054		$	52.11		3.37	$	-
Granted		8,090			9.20		-		-
Forfeited		(16,070	)		52.46		-		-
Exercised		-			-		-		-
Outstanding at March 31, 2023		131,074		$	49.42		3.17	$	-
Vested March 31, 2023		80,690		$	52.40			$	-
Exercisable at March 31, 2023		80,690		$	52.40			$	-

SCHEDULE OF FAIR VALUE ASSUMPTIONS USING BLACK-SCHOLES METHOD

The fair value of share option award is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:

	Three Months Ended March 31,
	2023			2022
Risk-free interest rate		1.24%$ - 4.27	%		1.24% - 2.10	%
Average expected term		5 years			5 years
Expected volatility		155.85	%		149.53	%
Expected dividend yield		-			-