INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF EARNING (LOSS) BEFORE INCOME TAX

The Company’s U.S. and foreign loss before income taxes are set forth below:

	December 31,
	2022			2021
United States	$	(7,251,228	)	$	(15,420,364	)
Foreign		(12,706,165	)		(41,011,337	)
Total	$	(19,957,393	)	$	(56,431,701	)

SCHEDULE OF INCOME TAX EXPENSE BENEFITS

	December 31,
	2022		2021
Deferred tax benefit - United States	$	—	$	—
Deferred tax benefit - Foreign		1,486,060		7,454,805
Total income tax benefit	$	1,486,060	$	7,454,805

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The Company’s deferred tax assets and deferred tax liabilities consist of the following:

	December 31,
	2022			2021
Deferred tax assets:
Net operating loss carryforwards	$	8,927,330		$	5,509,522
Stock-based compensation		1,348,928			858,791
Accrued bonus		—			121,051
Research and development capitalized expenses		614,041			—
Intangible amortization		54,141			23,204
Other		33,453			35,456
Less valuation allowances		(10,977,893	)		(6,548,024	)
Net deferred tax assets	$	—		$	—
Deferred tax liabilities:
Indefinite lived intangible assets		—			(1,607,122	)
Net deferred tax liabilities	$	—		$	(1,607,122	)

SCHEDULE OF OPERATING LOSS CARRY FORWARDS

The Company had the following potentially utilizable net operating loss tax carryforwards:

	December 31,
	2022		2021
Federal	$	18,349,753	$	9,411,533
State	$	16,892,754	$	8,664,242
Foreign	$	16,377,435	$	11,911,845

SCHEDULE OF EFFECTIVE STATUTORY INCOME TAX RATE

The Company’s effective tax rate varied from the statutory rate as follows:

	December 31,
	2022			2021
Federal income tax at the statutory rate		(21.0	)%		(21.0	)%
State income tax rate (net of federal)		(2.6	)%		(1.0	)%
Foreign tax rate differential		(3.1	)%		(4.0	)%
Intangible asset impairment		—	%		4.3	%
Non-deductive expenses		(4.0	)%		1.4	%
Change in valuation allowance		23.3	%		7.0	%
Effective income tax rate		(7.4	)%		(13.3	)%