STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

Compensation Related Costs [Abstract]

SCHEDULE OF FAIR VALUE OF OPTION GRANT OF WEIGHTED-AVERAGE ASSUMPTIONS

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants during the three months ended March 31, 2022:

	2022
Dividend yield		3.51	%
Expected volatility		24.79	%
Risk-free interest rate		2.48	%
Expected lives		10
Estimated forfeitures		0