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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF COMPENSATION BASED STOCK OPTION ACTIVITY

Compensation based stock option activity for qualified and unqualified stock options are summarized as follows:

 

       Weighted 
       Average 
For the year ended December 31, 2023  Shares   Exercise Price 
Outstanding at January 1, 2023   25,690,261   $0.23 
Expired or cancelled   (1,512,500)   0.46 
Outstanding at December 31, 2023   24,177,761    0.21 
Options exercisable at December 31, 2023   

13,985,261

     

 

For the year ended December 31, 2022  Shares   Weighted
Average
Exercise Price
 
Outstanding at January 1, 2022   16,592,620   $0.30 
Expired or cancelled   (2,359)   11.88 
Granted and vested during the year*   9,100,000    0.10 
Outstanding at December 31, 2022   25,690,261   $0.23 
Options exercisable at December 31, 2022   

15,497,761

     

 

* Includes 7,280,000 options that have been considered as vested, pending approval by the Board of Directors of the Company.

SCHEDULE OF OPTIONS TO PURCHASE SHARES OF COMMON STOCK OUTSTANDING AND EXERCISABLE

The following table summarizes information about options to purchase shares of the Company’s Common Stock outstanding and exercisable at December 31, 2023:

 

Exercise prices

  

Outstanding

Options

  

Weighted-

Average

Remaining Life

In Years

  

Weighted-

Average

Exercise

Price

  

Number

Exercisable

 
                  
$0.1 to $0.15     16,250,000    8.2   $0.11    6,057,500 
 0.16 to $0.21     5,502,761    7.5    0.16    5,502,761 
 0.22 to $0.37     1,550,000    3.9    0.27    1,550,000 
 0.38 to $0.72     500,000    2.2    0.72    500,000 
 0.73 to $15.0     375,000    14    4.14    375,000 
      24,177,761    7.5   $      0.21    13,985,261 

SCHEDULE OF WARRANTS ACTIVITY

The issuance of warrants to purchase shares of the Company’s Common Stock, including those attributed to debt issuances, for the years ended December 31, 2023 and 2022, respectively are summarized as follows:

 

For the year ended December 31, 2023

 

Shares

  

Average

Exercise Price

 
Outstanding at January 1, 2023
   81,072,855   $0.18 
Issued during the year ended December 31, 2023
   23,165,000    0.12 
Exercised / cancelled during the year ended December 31, 2023
   (42,737,500)   0.20 
Outstanding at December 31, 2023
   61,500,355    $0.15 

 

For the year ended December 31, 2022

 

Shares

  

Average

Exercise Price

 
Outstanding at January 1, 2022
   53,314,424   $0.20 
Issued during the year ended December 31, 2022   38,623,816    

0.15-0.20

 
Exercised / cancelled during the year ended December 31, 2022   (10,865,385)   0.13 
Outstanding at December 31, 2022   81,072,855   $0.18 
SCHEDULE OF WARRANTS OUTSTANDING AND EXERCISABLE

The following table summarizes information about warrants outstanding and exercisable at December 31, 2023:

    Outstanding and exercisable 

Exercise Price

  

Number

Outstanding

  

Weighted-

Average

Remaining Life

in Years

  

Weighted-

Average

Exercise

Price

  

Number

Exercisable

 
$0.13    961,539    2.90    0.13    961,539 
 0.15    33,000,066    0.25    0.15    33,000,066 
 0.20    4,373,750    3.24-3.48    0.20    4,373,750 
 0.20    11,300,000    1.52    0.12    11,300,000 
 0.20    11,865,000    1.82    0.12    11,865,000 
      61,500,355    1.12   $0.15    61,500,355