STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2022

Equity [Abstract]

SCHEDULE OF STOCK OPTION ACTIVITY

The summary of option activity for the six months ended September 30, 2022, is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Contractual Life		Total Intrinsic Value
Outstanding at December 31, 2020		253,387		$	20.40		8.82
Granted		102,166			22.65
Forfeited		(112,166	)		20.40
Outstanding at December 31, 2021		243,387		$	18.60		8.34	$	1,951,117
Granted		26,664			33.00		9.69		-
Forfeited		(8,333	)		18.75		8.08		81,250
Outstanding at September 30, 2022		261,718			20.00		7.79		2,344,489
Exercisable at September 30, 2022		203,371		$	17.55		7.35	$	2,256,558

The summary of option activity for the years ended December 31, 2021 and 2020 was as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Contractual Life		Total Intrinsic Value
Outstanding at December 31, 2019		180,991		$	22.50		9.48
Granted		89,333			18.75
Exercised		(16,937	)		15.30
Outstanding at December 31, 2020		253,387		$	20.40		8.82
Granted		102,166			22.65
Forfeited		(112,166	)		20.40
Outstanding at December 31, 2021		243,387		$	18.60		8.34	$	1,951,117
Exercisable at December 31, 2021		159,958		$	16.05		7.70	$	1,685,099

SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE

As of September 30, 2022, the Company had the following options outstanding:

Exercise Price		Number of Options Outstanding		Number of Options Exercisable		Weighted Average Remaining Contractual Years		Intrinsic Value
$	15.15		132,391		132,391		6.68	$	1,767,489
	18.75		35,998		34,981		8.41		351,000
	20.55		13,333		13,333		7.88		106,000
	26.25		53,332		18,666		9.16		120,000
	33.00		26,664		4,000		9.69		-
$	19.95		261,718		203,371		7.79	$	2,344,489

As of December 31, 2021, the Company had the following options issued and outstanding:

Exercise Price		Number of Options Outstanding		Number of Options Exercisable		Weighted Average Remaining Contractual Years		Intrinsic Value
$	15.15		132,388		132,398		7.43	$	1,509,317
	18.75		44,333		14,228		9.09		110,983
	20.55		13,333		10,666		8.63		64,000
	26.25		53,333		2,666		9.84		800
$	18.60		243,387		159,958		8.34	$	1,951,117

SCHEDULE OF WARRANTS OUTSTANDING

	Number			Weighted Average Price
December 31, 2020		226,232		$	69.45
Issued pursuant to Unit Purchase Agreement		568,074			33.75
Issued		15,330			20.85
December 31, 2021		809,636		$	43.50
Issued pursuant to Unit Purchase Agreement		557,328			33.75
Issued		58,558			17.40
Exercised		(20,000	)		0.15
Expired		(7,574	)		45.00
September 30, 2022		1,397,948		$	39.13

	Number		Weighted Average Price
December 30, 2019		7,574	$	45.00
Issued on Somah acquisition		199,992		75.00
Issued		18,666		20.70
December 30, 2020		226,232	$	69.45
Issued pursuant to Unit Purchase Agreement		568,074		33.75
Issued		15,330		20.85
December 31, 2021		809,636	$	43.50

SCHEDULE OF SHARES BASED STOCK OPTION VALUATION ASSUMPTIONS

	2021			2020
Risk-free interest rate		1.09	%		0.93	%
Volatility		252.08	%		241.88	%
Exercise price	$	22.65		$	20.55
Dividend yield		0	%		0	%
Forfeiture rate		0	%		0	%
Expected life (years)		6.38			10.00