STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Equity [Abstract] |
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:
SUMMARY
OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION
| |
|
For
the Years Ended |
|
| |
|
December
31, |
|
| |
|
2023 |
|
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk
free interest rate |
|
|
3.00%-4.14 |
%
|
|
|
2.47%-3.25 |
%
|
|
|
0.09%-1.539 |
%
|
| Expected
term (years) |
|
|
5.00 |
|
|
|
1.00-8.00 |
|
|
|
1.00-8.00 |
|
| Expected
volatility |
|
|
115.9%-117.3% |
|
|
|
115%-133.4 |
%
|
|
|
115.3%-140.7 |
%
|
| Expected
dividends |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
| SUMMARY OF OPTIONS ACTIVITY |
A
summary of the option activity during the year ended December 31, 2023 is presented below:
SUMMARY
OF OPTIONS ACTIVITY
| |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Number
of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
| |
|
Shares |
|
|
Price |
|
|
In
Years |
|
|
Value |
|
| Outstanding, January
1, 2023 |
|
|
1,060,535 |
|
|
$ |
24.68 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
30,000 |
|
|
|
18.80 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(123,850 |
) |
|
|
1.99 |
|
|
|
|
|
|
|
|
|
| Cancelled/forfeited/expired |
|
|
(30,440 |
) |
|
|
19.67 |
|
|
|
|
|
|
|
|
|
| Outstanding,
December 31, 2023 |
|
|
936,245 |
|
|
$ |
24.68 |
|
|
|
2.7 |
|
|
$ |
253 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable,
December 31, 2023 |
|
|
823,954 |
|
|
$ |
27.89 |
|
|
|
2.0 |
|
|
$ |
253 |
|
|
| SCHEDULE OF STOCK OPTIONS |
The
following table presents information related to stock options at December 31, 2023:
SCHEDULE
OF STOCK OPTIONS
| |
|
Options
Outstanding |
|
|
Options
Exercisable |
|
| |
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
| Range
of |
|
Average |
|
|
Outstanding |
|
|
Average |
|
|
Exercisable |
|
| Exercise |
|
Exercise |
|
|
Number
of |
|
|
Remaining
Life |
|
|
Number
of |
|
| Price |
|
Price |
|
|
Options |
|
|
In
Years |
|
|
Options |
|
| $1.73-$9.14 |
|
|
2.18 |
|
|
|
206,571 |
|
|
|
0.7 |
|
|
|
206,571 |
|
| $15.51-$38.45 |
|
|
34.19 |
|
|
|
689,142 |
|
|
|
1.2 |
|
|
|
587,351 |
|
| $40.82-$59.22 |
|
|
46.50 |
|
|
|
40,532 |
|
|
|
0.1 |
|
|
|
30,032 |
|
| |
|
|
|
|
|
|
936,245 |
|
|
|
2.0 |
|
|
|
823,954 |
|
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION |
In applying the Black-Scholes
option pricing model to warrants granted, the Company used the following assumptions:
SUMMARY
OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION
| |
|
For
the Years Ended |
|
| |
|
December
31, |
|
| |
|
2023 |
|
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk free interest rate |
|
|
3.39%-4.03 |
% |
|
|
N/A |
|
|
|
N/A |
|
| Expected term
(years) |
|
|
5.00 |
|
|
|
N/A |
|
|
|
N/A |
|
| Expected volatility |
|
|
115.9%-133.4 |
% |
|
|
N/A |
|
|
|
N/A |
|
| Expected dividends |
|
|
0.00 |
% |
|
|
N/A |
|
|
|
N/A |
|
|
| SCHEDULE OF WARRANT ACTIVITY |
The
following table accounts for the Company’s warrant activity for the year ended December 31, 2023:
SCHEDULE
OF WARRANT ACTIVITY
| |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Number
of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
| |
|
Shares |
|
|
Price |
|
|
In
Years |
|
|
Value |
|
| Outstanding, January
1, 2023 |
|
|
1,587,965 |
|
|
$ |
4.25 |
|
|
|
|
|
|
|
|
|
| Issued |
|
|
1,145,914 |
|
|
|
9.69 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(1,587,965 |
) |
|
|
4.25 |
|
|
|
|
|
|
|
|
|
| Outstanding,
December 31, 2023 |
|
|
1,145,914 |
|
|
$ |
4.25 |
|
|
|
4.2 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable,
December 31, 2023 |
|
|
1,145,914 |
|
|
$ |
4.25 |
|
|
|
4.2 |
|
|
$ |
- |
|
|
| SCHEDULE OF STOCK WARRANTS |
The
following table presents information related to stock warrants at December 31, 2023:
SCHEDULE
OF STOCK WARRANTS
| |
|
Warrants
Outstanding |
|
|
Warrants
Exercisable |
|
| |
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
| Range
of |
|
Average |
|
|
Outstanding |
|
|
Average |
|
|
Exercisable |
|
| Exercise |
|
Exercise |
|
|
Number
of |
|
|
Remaining
Life |
|
|
Number
of |
|
| Price |
|
Price |
|
|
Warrants |
|
|
In
Years |
|
|
Warrants |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $8.82-$11.56 |
|
$ |
9.69 |
|
|
|
1,145,914 |
|
|
|
4.2 |
|
|
|
1,145,914 |
|
| |
|
|
|
|
|
|
1,145,914 |
|
|
|
4.2 |
|
|
|
1,145,914 |
|
|