SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

SCHEDULE OF RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

The following table summarizes the effects of the restatement on certain key items of the Company’s previously issued consolidated financial statements for the year ended December 31, 2021:

	Year ended December 31, 2021
	As Previously Reported			Inventory Costing Errors			Inventory Reserve Error			As Restated
Selected balance sheet amounts
Inventories, net	$	32,503,214		$	1,912,817		$	(524,744	)	$	33,891,287
Total assets		52,912,959			1,912,817			(524,744	)		54,301,032
Accumulated deficit		(60,673,683	)		1,912,817			(524,744	)		(59,285,610	)
Total stockholders’ equity		29,098,440			1,912,817			(524,744	)		30,486,513
Selected statement of operations amounts
Cost of goods sold	$	37,892,947		$	(1,912,817	)	$	524,744		$	36,504,874
Gross profit		17,529,579			1,912,817			(524,744	)		18,917,652
Operating loss		(3,316,818	)		1,912,817			(524,744	)		(1,928,745	)
Loss before income taxes		(3,522,967	)		1,912,817			(524,744	)		(2,134,894	)
Net loss		(3,586,740	)		1,912,817			(524,744	)		(2,198,667	)
Basic and diluted net loss per share		(0.09	)								(0.06	)
Selected cash flow amounts
Net loss	$	(3,586,740	)	$	1,912,817		$	(524,744	)	$	(2,198,667	)
Provision for inventory reserves		118,927			—			524,744			643,671
Changes in Inventories		(16,117,300	)		(1,912,817	)		—			(18,030,117	)
Net cash used in operating activities		(14,272,267	)		—			—			(14,272,267	)

SCHEDULE OF NET INCOME (LOSS) PER SHARE

Net loss per share for the year ended December 31, 2021 and 2020, respectively, are as follows:

	Years ended December 31,
	2021 (As Restated)			2020
Numerator:
Net loss	$	(2,198,667	)	$	(3,858,415	)
Denominator:
Weighted average common shares – basic		39,761,121			25,300,976
Effect of dilutive common share equivalents		-			-
Weighted average common shares – dilutive		39,761,121			25,300,976
Basic and diluted net loss per share	$	(0.06	)	$	(0.15	)