SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK OPTION ASSUMPTIONS FOR GRANTS

The fair value of options and share awards granted under the stock option plan during the year ended December 31, 2023 and 2022 was estimated at the date of grant using the Black-Scholes option pricing model and the following assumptions for grants:

	2023		2022
Risk-free interest rates		3.58% - 4.39%		0.986% - 3.44%
Expected life of options		5 years		5 years
Expected volatility		83.12% - 92.32%		73.62% - 83.45	%
Expected dividend yield		0.00%		0.00	%

SUMMARY OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Balance at January 1, 2022		15,812		$	133.59
Granted		33,477			179.00
Forfeited/Expired		(5,771	)		148.00
Exercised		(4,364	)		43.36
Balance at December 31, 2022		39,154			180.22		9.11		-
Granted		37,490			18.23
Forfeited/Expired		(1,383	)		191.88
Exercised		-			-
Balance at December 31, 2023		75,261			99.32		8.70	$	-
Exercisable at December 31, 2023		17,311		$	174.84		7.81	$	-

SUMMARY OF NON-VESTED STOCK OPTION

The following table summarizes the Company’s non-vested stock options.

	Non-vested Options Outstanding			Weighted-Average Grant Date Fair Value
At January 1, 2022		7,002		$	58.80
Options granted		33,477			108.77
Options forfeited/cancelled		(5,381	)		77.70
Options vested		(2,563	)		38.00
At December 31, 2022		32,535			102.99
Options granted		37,490			12.37
Options forfeited/cancelled		(424	)		3.42
Options vested		(11,651	)		98.98
At December 31, 2023		57,950		$	45.33

SUMMARY OF RESTRICTED STOCK AWARDS

The following table summarizes the restricted stock awards activity:

	Restricted Stock Awards			Weighted-Average Grant Date Fair Value Per Share
Outstanding at January 1, 2022		529		$	138.74
Granted		2,373			175.32
Forfeited		-			-
Exercised		-			-
Vested		(2,603	)		167.67
Outstanding at December 31, 2022		299			138.74
Granted		2,000			17.76
Forfeited		(13	)		0.08
Exercised		-			-
Vested		(2,163	)		28.19
Outstanding at December 31, 2023		123		$	138.74