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STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
SUMMARY OF FAIR VALUE AT GRANT DATE

 

Grant date  September 28, 2021 
Share price at date of grant  $5.26 
Exercise price at date of grant  $0.001 
Volatility   99.91%
Warrant life   5 years 
Dividend yield   0%
Risk-free interest rate   1.02%
Average fair value at grant date  $5.26 
SUMMARY OF WARRANT ACTIVITY

The following is a summary of the warrant activity for the year ended December 31, 2021:

 

   Number of Warrants  

Average

Exercise Price

   Weighted Average Remaining Contractual Term in Years 
Outstanding at January 1, 2021   -    -    - 
Exercisable at January 1, 2021   -    -    - 
Granted   650,000    0.001    5.00 
Exercised/surrendered   (499,751)   0.001    4.75 
Forfeited   -    -    - 
Expired   -    -    - 
Outstanding at December 31, 2021   150,249   $0.001    4.74 
Exercisable at December 31, 2021   150,249   $0.001    4.74