ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Schedule of other current liabilities

Other current liabilities at June 30, 2022 and December 31, 2021 consisted of:

	June 30,		December 31,
	2022		2021
Accounts payable	$	18,348,000	$	6,902,000
Accrued payroll and payroll taxes		6,540,000		5,027,000
Financial instrument liabilities		934,000		4,249,000
Accrued legal		1,787,000		2,637,000
Interest payable		3,680,000		187,000
Other accrued expenses		12,236,000		3,753,000
	$	43,525,000	$	22,755,000

Schedule of Financial Instrument

The financial instruments were valued using a variety of pricing models with the following valuation assumptions:

	June 30, 2022	December 31, 2021
Contractually stipulated stock price	$2.50	$2.50
Exercise price	$2.50	$2.50
Contractually defined remaining term	5.0	5.0
Contractually defined volatility	135%	135%
Dividend yield	0%	0%
Risk-free interest rate	3.0%	1.3%

Schedule of fair value of the financial instruments

The following table sets forth a summary of the changes in the estimated fair value of the financial instruments during the six months ended June 30, 2022 and 2021:

	June 30, 2022			June 30, 2021
Beginning balance	$	4,249,000		$	4,192,000
Change in fair value		24,000			388,000
Extinguishment		(3,339,000	)		-
Ending balance	$	934,000		$	4,580,000