COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF LEASE MATURITY

The following table presents information about the amount and timing of the Company’s operating leases as of June 30, 2021.

	June 30, 2021
Maturity of Lease Liabilities		Lease Payments
2021 (remaining)	$	72,741
2022		22,794
Less: Imputed interest		(2,881	)
Present value of operating lease liabilities	$	92,654
Balance Sheet Classification
Current maturities of operating lease liabilities	$	92,654
Operating lease liabilities, less current maturities		—
Total operating lease liabilities	$	92,654
Other Information
Weighted-average remaining lease term for operating leases		0.7
Weighted-average discount rate for operating leases		7.1	%

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	Six Months Ended June 30,
	2021		2020
Operating cash flow information:
Amounts included in measurement of lease liabilities	$	59,202	$	57,404
Non-cash activities:
Right-of-use assets obtained in exchange for lease obligations	$	59,202	$	96,199

SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS

In connection with the License Agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows:

Years ending December 31,
2021 (remaining)	$	3,175,000
2022		6,600,000
2023		6,850,000
2024		7,100,000
2025		7,100,000
Total	$	30,825,000