ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

9 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Schedule of other current liabilities

Other current liabilities at September 30, 2022 and December 31, 2021 consisted of:

	September 30,		December 31,
	2022		2021
Accounts payable		22,467,000	$	6,902,000
Accrued payroll and payroll taxes		9,531,000		5,027,000
Financial instrument liabilities		937,000		4,249,000
Accrued legal		1,787,000		2,637,000
Interest payable		4,140,000		187,000
Other accrued expenses		11,745,000		3,753,000
	$	50,607,000	$	22,755,000

Schedule of Financial Instrument

The financial instruments were valued using a variety of pricing models with the following valuation assumptions:

	September 30, 2022			December 31, 2021
Contractually stipulated stock price	$	2.50		$	2.50
Exercise price	$	2.50		$	2.50
Contractually defined remaining term		5.0			5.0
Contractually defined volatility		135	%		135	%
Dividend yield		0	%		0	%
Risk-free interest rate		4.1	%		1.3	%

Schedule of fair value of the financial instruments

The following table sets forth a summary of the changes in the estimated fair value of the financial instruments during the nine months ended September 30, 2022 and 2021:

	September 30, 2022			September 30, 2021
Beginning balance	$	4,249,000		$	4,192,000
Change in fair value		27,000			388,000
Extinguishment		(3,339,000	)		-
Ending balance	$	937,000		$	4,580,000