COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF LEASE COSTS

The components of lease costs were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Operating lease costs	$	39,937	$	41,507	$	121,748	$	100,211
Short-term lease costs		5,400		—		5,400		31,840
Total lease costs	$	45,337	$	41,507	$	127,148	$	132,051

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

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

	Period Ended September 30,
	2022			2021
Operating leases:
Weighted average remaining lease term (years)		1.2			0.6
Weighted average discount rate		4.2	%		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:

	Nine Months ended September 30,
	2022		2021
Operating cash flow information:
Amounts included in measurement of lease liabilities	$	140,899	$	88,523
Non-cash activities:
ROU asset obtained in exchange for lease liability	$	103,914	$	88,523

SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES

The maturity of the Company’s operating lease liabilities as of September 30, 2022, were as follows:

Years ended December 31,
2022 (remainder)	$	41,133
2023		155,379
2024		22,794
Total lease payments	$	219,306
Less: imputed interest		(6,823	)
Present value of operating lease liabilities	$	212,483
Operating lease liabilities, current	$	158,468
Operating lease liabilities, noncurrent	$	54,015

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)	$	1,650,000
2023		6,850,000
2024		7,100,000
2025		7,100,000
Total	$	22,700,000