STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| 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, |
|
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk
free interest rate |
|
|
2.47%-3.25 |
% |
|
|
0.09%-1.539 |
% |
|
|
0.33%-1.44 |
% |
| Expected
term (years) |
|
|
1.00-8.00 |
|
|
|
1.00-8.00 |
|
|
|
5.00-8.00 |
|
| Expected
volatility |
|
|
115%-133.4 |
% |
|
|
115.3%-140.7 |
% |
|
|
121.8%-139.9 |
% |
| Expected
dividends |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
| SUMMARY OF OPTIONS ACTIVITY |
A
summary of the option activity during the year ended December 31, 2022 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, 2022 |
|
|
983,505 |
|
|
$ |
25.25 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
84,052 |
|
|
|
16.35 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(6,032 |
) |
|
|
1.73 |
|
|
|
|
|
|
|
|
|
| Cancelled/forfeited/expired |
|
|
(990 |
) |
|
|
15.70 |
|
|
|
|
|
|
|
|
|
| Outstanding,
December 31, 2022 |
|
|
1,060,535 |
|
|
$ |
24.68 |
|
|
|
3.5
|
|
|
$ |
3,015,160 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable,
December 31, 2022 |
|
|
778,065 |
|
|
$ |
27.14 |
|
|
|
2.8 |
|
|
$ |
2,015,805 |
|
|
| SCHEDULE OF STOCK OPTIONS |
The
following table presents information related to stock options at December 31, 2022:
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
|
|
|
|
2.25 |
|
|
|
345,621 |
|
|
|
1.0 |
|
|
|
233,644 |
|
| $ |
15.70-$38.45
|
|
|
|
34.87 |
|
|
|
674,382 |
|
|
|
1.7 |
|
|
|
524,889 |
|
| $ |
40.82-$59.22
|
|
|
|
46.50 |
|
|
|
40,532 |
|
|
|
0.1 |
|
|
|
19,532 |
|
| |
|
|
|
|
|
|
|
|
1,060,535 |
|
|
|
2.8 |
|
|
|
778,065 |
|
|
| SCHEDULE OF WARRANT ACTIVITY |
The
following table accounts for the Company’s warrant activity for the year ended December 31, 2022:
SCHEDULE OF WARRANT ACTIVITY
| |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Number
of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
| |
|
Shares |
|
|
Price |
|
|
In
Years |
|
|
Value |
|
| Outstanding,
January 1, 2022 |
|
|
3,270,562 |
|
|
$ |
5.06 |
|
|
|
|
|
|
|
|
|
| Issued |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(82,936 |
) |
|
|
13.64 |
|
|
|
|
|
|
|
|
|
| Cancelled/forfeited/expired |
|
|
(1,599,661 |
) |
|
|
5.41 |
|
|
|
|
|
|
|
|
|
| Outstanding,
December 31, 2022 |
|
|
1,587,965 |
|
|
$ |
4.25
|
|
|
|
0.2 |
|
|
$ |
10,671,125
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable,
December 31, 2022 |
|
|
1,587,965 |
|
|
$ |
4.25 |
|
|
|
0.2 |
|
|
$ |
10,671,125 |
|
|
| SCHEDULE OF STOCK WARRANTS |
The
following table presents information related to stock warrants at December 31, 2022:
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 |
|
| $ |
4.25 |
|
|
$ |
4.25 |
|
|
|
1,587,965 |
|
|
|
0.2 |
|
|
|
1,587,965 |
|
| |
|
|
|
|
|
|
|
|
1,587,965 |
|
|
|
0.2 |
|
|
|
1,587,965 |
|
|