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COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE COSTS

The components of lease costs were as follows:

 

   2022   2021 
   Three Months ended March 31, 
   2022   2021 
         
Operating lease costs  $48,231   $20,774 
Short-term lease costs   —    29,764 
Total lease costs  $48,231   $50,538 
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

The weighted-average remaining lease term and discount rate were as follows:

 

   Three Months ended March 31, 
   2022   2021 
Operating leases:          
Weighted average remaining lease term (years)   1.5    1.1 
Weighted average discount rate   5.6%   9.0%
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:

 

   2022   2021 
   Three Months ended March 31, 
   2022   2021 
Operating cash flow information:          
Amounts included in measurement of lease liabilities  $48,632   $20,372 
Non-cash activities:          
ROU asset obtained in exchange for lease liability  $—   $— 
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES

The maturity of the Company’s operating lease liabilities as of March 31, 2022 were as follows:

 

Years ended December 31,    
2022 (remainder)  $101,487 
2023   100,673 
Total lease payments  $202,160 
Less: imputed interest   (6,071)
Present value of operating lease liabilities  $196,089 
Operating lease liabilities, current  $123,891 
Operating lease liabilities, noncurrent  $72,198 
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,     
2022 (remaining)  $4,950,000 
2023   6,850,000 
2024   7,100,000 
2025   7,100,000 
Total  $26,000,000