STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF AGGREGATE RESTRICTED STOCK AWARDS AND RESTRICTED STOCK UNIT ACTIVITY

The following table summarizes our restricted stock awards activity:

	Number of Units			Weighted Average Grant-Date Fair Value
Outstanding as of December 31, 2020		-
Granted		1,506,000			4.13
Vested		(633,889	)		3.94
Forfeited		(4,611	)		3.81
Outstanding as of December 31, 2021		867,500			4.20
Granted		136,000			2.72
Vested		(543,500	)		3.78
Forfeited		-			-
Outstanding as of December 31, 2022		460,000			4.32

SCHEDULE OF STOCK BASED COMPENSATION

A summary of the status of the Company’s outstanding stock options and changes during the years ended December 31, 2022 and 2021, is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2021		599,092		$	2.35	$	-		9.91
Granted		1,650,000		$	5.24	$	3.23		5.31
Exercised		(19,200	)	$	1.00	$	-		-
Cancelled		(50,000	)	$	1.25	$	-		-
Expired		-		$	-	$	-		-
Balance outstanding at December 31, 2021		2,179,892		$	4.54	$	2.44		5.93
Options exercisable at December 31, 2021		929,892		$	3.53	$	1.37		7.36
Balance at January 1, 2022		2,179,892		$	4.54	$	2.44		5.93
Granted		190,000		$	1.92	$	1.43		6.85
Exercised		-		$	-	$	-		-
Cancelled		(250,000	)	$	5.35	$	-		-
Expired		(191	)	$	-	$	-		-
Balance outstanding at December 31, 2022		2,119,701		$	4.16	$	2.25		5.23
Options exercisable at December 31, 2022		1,259,701		$	3.51	$	1.68		6.25