STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Stockholders’ Equity - Schedule of Fair Value of Stock Options Valuation Assumptions

The estimated grant date fair value of stock option grants was calculated using the Black-Scholes-Merton option-pricing model using the following assumptions:

	2023			2022
Weighted average volatility		181.29	%		192.71	%
Weighted average expected term (years)		5.00			5.00
Risk free interest rate		4.53	%		1.90	%
Expected dividend yield		—			—

Stockholders’ Equity - Schedule of Share-Based Compensation, Stock Option Activity

The following table represents incentive stock option activity as of and for the year ended December 31, 2023:

	Number of			Weighted Average		Weighted Average		Aggregate
	Shares			Exercise Price		Remaining Life		Intrinsic Value
Options Outstanding – December 31, 2022		4,405,000		$	.59		3.22	$	2,260,138
Granted		3,245,000			.86
Exercised		(950,000	)		.53
Forfeited		(700,000	)
Options Outstanding – December 31, 2023		6,000,000		$	.75		3.69	$	872,463
Exercisable and Vested, December 31, 2023		641,155		$	.50		1.58	$	247,547

The following table represents stock option activity as of and for the year ended December 31, 2022:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Life		Aggregate Intrinsic Value
Options Outstanding: December 31, 2021		4,260,000		$	.37		2.25	$	5,862,938
Granted		900,000		$	1.16
Exercised		(625,000	)		.17				920,750
Forfeited		(130,000	)
Options Outstanding: December 31, 2022		4,405,000		$	.59		3.22	$	2,260,138
Exercisable and Vested: December 31, 2022		1,722,041		$	.36		1.80	$	1,271,653