Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2022 | Aug. 15, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2022 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-30542 | |
Entity Registrant Name | DATA443 RISK MITIGATION, INC. | |
Entity Central Index Key | 0001068689 | |
Entity Tax Identification Number | 86-0914051 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 4000 Park Drive | |
Entity Address, Address Line Two | Suite 400 | |
Entity Address, City or Town | Research Triangle Park | |
Entity Address, State or Province | NC | |
Entity Address, Postal Zip Code | 27709 | |
City Area Code | (919) | |
Local Phone Number | 858-6542 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 954,561 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Current assets | ||
Cash | $ 1,204,933 | |
Accounts receivable, net | 231,507 | 21,569 |
Advance payment for acquisition | 2,726,188 | |
Prepaid expense and other current assets | 27,950 | 70,802 |
Total current assets | 2,985,645 | 1,297,304 |
Property and equipment, net | 305,196 | 288,406 |
Operating lease right-of-use assets, net | 134,198 | 174,282 |
Intellectual property, net of accumulated amortization | 809,275 | 1,269,819 |
Deposits | 21,026 | 31,440 |
Total Assets | 4,255,340 | 3,061,251 |
Current Liabilities | ||
Bank overdraft | 3,781 | |
Accounts payable and accrued liabilities | 417,466 | 115,673 |
Deferred revenue | 1,510,827 | 1,035,185 |
Interest payable | 309,180 | 204,915 |
Notes payable, net of unamortized discount | 1,799,147 | 1,720,777 |
Convertible notes payable, net of unamortized discount | 1,942,774 | 993,931 |
Due to a related party | 277,033 | 247,366 |
Operating lease liability | 118,848 | 112,322 |
Finance lease liability | 41,914 | 72,768 |
Total Current Liabilities | 6,420,970 | 4,502,937 |
Series B Preferred Stock, 80,000 shares designated; $0.001 par value; Stated value $10.00; 0 and 29,750 shares issued and outstanding, net of discount as of June 30, 2022 and December 31, 2021, respectively | 278,811 | |
Notes payable, net of unamortized discount - non-current | 1,734,439 | 1,770,989 |
Convertible notes payable, net of unamortized discount - non-current | 98,488 | 22,357 |
Deferred revenues - non-current | 1,071,761 | 573,411 |
Operating lease liability - non-current | 64,072 | 125,640 |
Finance lease liability - non-current | 10,341 | |
Total Liabilities | 9,389,730 | 7,284,486 |
Stockholders’ Deficit | ||
Preferred stock: 337,500 authorized; $0.001 par value Series A Preferred Stock, 150,000 shares designated; $0.001 par value; 149,892 and 150,000 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively | 150 | 150 |
Common stock: 125,000,000 authorized; $0.001 par value 954,561 and 122,044 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively | 954 | 122 |
Additional paid in capital | 40,842,698 | 37,810,380 |
Accumulated deficit | (45,978,192) | (42,033,887) |
Total Stockholders’ Deficit | (5,134,390) | (4,223,235) |
Total Liabilities and Stockholders’ Deficit | $ 4,255,340 | $ 3,061,251 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
Preferred stock, shares authorized | 337,500 | 337,500 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 125,000,000 | 125,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 954,561 | 122,044 |
Common stock, shares outstanding | 954,561 | 122,044 |
Series B Preferred Stock [Member] | ||
Preferred stock, shares authorized | 80,000 | 80,000 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Temporary equity, stated value | $ 10 | $ 10 |
Preferred stock, shares issued | 0 | 29,750 |
Preferred stock, shares outstanding | 0 | 29,750 |
Series A Preferred Stock [Member] | ||
Preferred stock, shares authorized | 150,000 | 150,000 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 149,892 | 150,000 |
Preferred stock, shares outstanding | 149,892 | 150,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Income Statement [Abstract] | ||||
Revenue | $ 750,989 | $ 762,352 | $ 1,363,505 | $ 1,600,220 |
Cost of revenue | 78,593 | 96,830 | 278,272 | 263,824 |
Gross profit | 672,396 | 665,522 | 1,085,233 | 1,336,396 |
Operating expenses | ||||
General and administrative | 2,116,220 | 1,311,396 | 3,089,782 | 2,744,961 |
Sales and marketing | 59,635 | 49,220 | 180,030 | 144,644 |
Total operating expenses | 2,175,855 | 1,360,616 | 3,269,812 | 2,889,605 |
Loss from operations | (1,503,459) | (695,094) | (2,184,579) | (1,553,209) |
Other income (expense) | ||||
Interest expense | (942,753) | (671,862) | (2,037,069) | (1,577,288) |
Gain (loss) on settlement of debt | (227,501) | |||
Change in fair value of derivative liability | (178,398) | (57,883) | (363,654) | |
Total other expense | (942,753) | (850,260) | (2,094,952) | (2,168,443) |
Loss before income taxes | (2,446,212) | (1,545,354) | (4,279,531) | (3,721,652) |
Provision for income taxes | ||||
Net loss | (2,446,212) | (1,545,354) | (4,279,531) | (3,721,652) |
Dividend on Series B Preferred Stock | (5,492) | (104,631) | (9,441) | |
Net loss attributable to common stockholders | $ (2,446,212) | $ (1,550,846) | $ (4,384,162) | $ (3,731,093) |
Basic and diluted loss per Common Share | $ (3.25) | $ (16.90) | $ (9.62) | $ (44.33) |
Basic and diluted weighted average number of common shares outstanding | 753,561 | 91,430 | 444,824 | 83,948 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) | Series A Preferred Stock [Member] Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2020 | $ 150 | $ 522 | $ 32,027,240 | $ (35,518,584) | $ (3,490,672) |
Beginning balance, shares at Dec. 31, 2020 | 150,000 | 522,006 | |||
Common stock issued for conversion of preferred stock | $ 15 | 312,908 | 312,923 | ||
Common stock issued for conversion of preferred stock, shares | 14,533 | ||||
Common stock issued for conversion of debt | $ 102 | 1,523,156 | 1,523,258 | ||
Common stock issued for conversion of debt, shares | 101,748 | ||||
Common stock issued in conjunction with convertible note | $ 3 | 88,735 | 88,738 | ||
Common stock issued in conjunction with convertible notes, shares | 2,863 | ||||
Common stock issued for exercised cashless warrant | $ 9 | (9) | |||
Common stock issued for exercised cashless warrant, shares | 8,923 | ||||
Resolution of derivative liability upon exercise of warrant | 139,067 | 139,067 | |||
Stock-based compensation | 9 | 680,435 | 680,444 | ||
Net loss attributable to common stockholders | (3,731,093) | (3,731,093) | |||
Adjustment of reverse stock split | |||||
Common stock issued for cash | $ 83 | 846,718 | 846,801 | ||
Common stock issued for cash, shares | 83,336 | ||||
Stock-based compensation, shares | 9,168 | ||||
Adjustment of reverse stock split, shares | 669 | ||||
Ending balance, value at Jun. 30, 2021 | $ 150 | $ 743 | 35,618,250 | (39,249,677) | (3,630,534) |
Ending balance, shares at Jun. 30, 2021 | 150,000 | 743,246 | |||
Beginning balance, value at Dec. 31, 2020 | $ 150 | $ 522 | 32,027,240 | (35,518,584) | (3,490,672) |
Beginning balance, shares at Dec. 31, 2020 | 150,000 | 522,006 | |||
Ending balance, value at Dec. 31, 2021 | $ 150 | $ 122 | 37,810,380 | (42,033,887) | (4,223,235) |
Ending balance, shares at Dec. 31, 2021 | 150,000 | 122,044 | |||
Beginning balance, value at Mar. 31, 2021 | $ 150 | $ 721 | 34,864,967 | (37,698,831) | (2,832,993) |
Beginning balance, shares at Mar. 31, 2021 | 150,000 | 721,032 | |||
Common stock issued for conversion of preferred stock | $ 9 | 144,707 | 144,716 | ||
Common stock issued for conversion of preferred stock, shares | 8,934 | ||||
Common stock issued for exercised cashless warrant | $ 9 | (9) | |||
Common stock issued for exercised cashless warrant, shares | 8,923 | ||||
Resolution of derivative liability upon exercise of warrant | 139,067 | 139,067 | |||
Stock-based compensation | 4 | 276,322 | 276,326 | ||
Net loss attributable to common stockholders | (1,550,846) | (1,550,846) | |||
Adjustment of reverse stock split | |||||
Stock-based compensation, shares | 3,688 | ||||
Adjustment of reverse stock split, shares | 669 | ||||
Cash received for issued stock | 193,196 | 193,196 | |||
Ending balance, value at Jun. 30, 2021 | $ 150 | $ 743 | 35,618,250 | (39,249,677) | (3,630,534) |
Ending balance, shares at Jun. 30, 2021 | 150,000 | 743,246 | |||
Beginning balance, value at Dec. 31, 2021 | $ 150 | $ 122 | 37,810,380 | (42,033,887) | (4,223,235) |
Beginning balance, shares at Dec. 31, 2021 | 150,000 | 122,044 | |||
Cumulative-effect adjustment from adoption of ASU 2020-06 | (517,500) | 439,857 | (77,643) | ||
Common stock issued for acquisition of Centurion assets | $ 381 | 2,475,807 | 2,476,188 | ||
Common stock issued for acquisition of centurion, shares | 380,952 | ||||
Common stock issued for conversion of preferred stock | $ 108 | (108) | |||
Common stock issued for conversion of preferred stock, shares | (108) | 108,000 | |||
Common stock issued for conversion of debt | $ 165 | 29,160 | 29,325 | ||
Common stock issued for conversion of debt, shares | 165,273 | ||||
Common stock issued in conjunction with convertible note | $ 18 | 140,918 | 140,936 | ||
Common stock issued in conjunction with convertible notes, shares | 18,170 | ||||
Common stock issued for exercised cashless warrant | $ 7 | (7) | |||
Common stock issued for exercised cashless warrant, shares | 6,631 | ||||
Common stock issued for service | $ 153 | 844,048 | 844,201 | ||
Common stock issued for service, shares | 153,491 | ||||
Resolution of derivative liability upon exercise of warrant | 57,883 | 57,883 | |||
Warrant issued in conjunction with debts | 47,628 | 47,628 | |||
Stock-based compensation | (45,511) | (45,511) | |||
Net loss attributable to common stockholders | (4,384,162) | (4,384,162) | |||
Ending balance, value at Jun. 30, 2022 | $ 150 | $ 954 | 40,842,698 | (45,978,192) | (5,134,390) |
Ending balance, shares at Jun. 30, 2022 | 149,892 | 954,561 | |||
Beginning balance, value at Mar. 31, 2022 | $ 150 | $ 148 | 37,353,357 | (43,531,980) | (6,178,325) |
Beginning balance, shares at Mar. 31, 2022 | 150,000 | 148,367 | |||
Common stock issued for acquisition of Centurion assets | $ 381 | 2,475,807 | 2,476,188 | ||
Common stock issued for acquisition of centurion, shares | 380,952 | ||||
Common stock issued for conversion of preferred stock | $ 108 | (108) | |||
Common stock issued for conversion of preferred stock, shares | (108) | ||||
Common stock issued for conversion of debt | $ 151 | 1,361 | 1,512 | ||
Common stock issued for conversion of debt, shares | 151,200 | ||||
Common stock issued in conjunction with convertible note | $ 13 | 78,431 | 78,444 | ||
Common stock issued in conjunction with convertible notes, shares | 12,551 | ||||
Common stock issued for service | $ 153 | 844,048 | 844,201 | ||
Common stock issued for service, shares | 153,491 | ||||
Warrant issued in conjunction with debts | 47,628 | 47,628 | |||
Stock-based compensation | 42,174 | 42,174 | |||
Net loss attributable to common stockholders | (2,446,212) | (2,446,212) | |||
Adjustment of reverse stock split | |||||
Ending balance, value at Jun. 30, 2022 | $ 150 | $ 954 | $ 40,842,698 | $ (45,978,192) | $ (5,134,390) |
Ending balance, shares at Jun. 30, 2022 | 149,892 | 954,561 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||
Net loss | $ (2,446,212) | $ (1,545,354) | $ (4,279,531) | $ (3,721,652) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||
Change in fair value of derivative liability | 178,398 | 57,883 | 363,654 | ||
(Gain) loss on settlement of debt | 227,501 | $ (309,309) | |||
Stock-based compensation expense | 798,690 | 680,444 | |||
Loss on impairment of intangible asset | |||||
Depreciation and amortization | 540,714 | 554,557 | |||
Amortization of debt discount | 1,549,752 | 1,448,308 | |||
Lease liability amortization | (14,958) | (13,107) | |||
Changes in operating assets and liabilities: | |||||
Accounts receivable | (209,938) | 22,233 | |||
Prepaid expenses and other assets | 42,852 | (24,425) | |||
Accounts payable and accrued liabilities | 308,642 | 3,616 | |||
Deferred revenue | 973,992 | (428,116) | |||
Accrued interest | 105,577 | 63,912 | |||
Deposit | 10,414 | ||||
Net Cash used in Operating Activities | (115,911) | (823,075) | |||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||
Advance payment for acquisition | (250,000) | ||||
Purchase of property and equipment | (96,960) | (79,020) | |||
Net Cash used in Investing Activities | (346,960) | (79,020) | |||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||
Bank overdraft | 3,781 | ||||
Proceeds from issuance of convertible notes payable | 1,207,800 | 100,000 | |||
Repayment of convertible notes payable | (758,346) | ||||
Proceeds from issuance of common stock | 846,801 | ||||
Proceeds from issuance of Series B Preferred Stock | 75,000 | 250,000 | |||
Redemption of Series B Preferred Stock | (487,730) | ||||
Finance lease payments | (41,195) | (43,931) | |||
Proceeds from issuance of notes payable | 1,186,453 | 2,574,647 | |||
Repayment of notes payable | (1,957,492) | (2,734,275) | |||
Proceeds from related parties | 116,238 | 271,464 | |||
Repayment to related parties | (86,571) | (414,187) | |||
Net Cash provided by (used in) Financing Activities | (742,062) | 850,519 | |||
Net change in cash | (1,204,933) | (51,576) | |||
Cash, beginning of period | 1,204,933 | 58,783 | 58,783 | ||
Cash, end of period | $ 7,207 | $ 7,207 | $ 1,204,933 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Data443 Risk Mitigation, Inc. (the “Company”, “we”, “us” and “our”) was incorporated as a Nevada corporation on May 4, 1998. On October 15, 2019, the Company changed its name from LandStar, Inc. to Data443 Risk Mitigation, Inc. within the State of Nevada. We deliver solutions and capabilities that businesses can use in conjunction with their use of established cloud vendors such as Microsoft® Azure, Google® Cloud Platform (GCP) and Amazon® Web Services (AWS), as well as with on-premises databases and database applications with virtualization platforms, such as those hosted or configured using VMWare®, Citrix® and Oracle® clouds/products). On January 19, 2022, we entered into an Asset Purchase Agreement with Centurion Holdings I, LLC (“Centurion”) to acquire the intellectual property rights and certain assets collectively known as Centurion SmartShield Home and SmartShield Enterprise, patented technology that protects and recovers devices in the event of ransomware attacks. The total purchase price of $ 3,400,000 250,000 2,900,000 250,000 500,000 2,400,000 380,952 Basis of Presentation These unaudited consolidated financial statements have been prepared in accordance rules and regulations of the Securities and Exchange Commission (“SEC”) and generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, we have included all adjustments considered necessary for a fair presentation and such adjustments are of a normal recurring nature. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2021 and notes thereto and other pertinent information contained in our Form 10-K as filed with the SEC on March 31, 2022. The results of operations for the six months ended June 30, 2022, are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2022. Basis of Consolidation The accompanying unaudited consolidated financial statements as of June 30, 2022 include our accounts and those of our wholly-owned subsidiary, Data 443 Risk Mitigation, Inc., a North Carolina operating company. These unaudited consolidated financial statements have been prepared on the accrual basis of accounting in accordance with GAAP. Stock-Based Compensation Employees Nonemployees We recorded approximately $ 798,690 680,440 our Common Stock Basic and Diluted Net Loss Per Common Share Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method and as if converted method. Dilutive potential common shares include outstanding stock options, warrant and convertible notes. For the six months ended June 30, 2022 and 2021, respectively, the following common stock equivalents were excluded from the computation of diluted net loss per share as the result of the computation was anti-dilutive: SCHEDULE OF ANTI-DILUTIVE BASIC AND DILUTED EARNINGS PER SHARE 2022 2021 Six Months Ended June 30, 2022 2021 (Shares) (Shares) Series A Preferred Stock 149,892,000 150,000,000 Stock options 1,029 1,559 Warrants 158,441 - Convertible notes - 13,183 Preferred B stock - 2,517 Total 150,051,470 150,017,259 COVID-19 In March 2020, the World Health Organization (“WHO”) declared the novel coronavirus COVID-19 (“COVID-19”) a global pandemic. The pandemic adversely affected workforces, economies, and financial markets globally in 2020 and, until contained, is still expected to disrupt general business operations. The COVID-19 pandemic and the measures taken by many governments around the world in response could in the future meaningfully impact our business, results of operations and financial condition. We are currently unable to predict the duration of that impact but continue our our Recently Adopted Accounting Guidance In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Due to adoption of this accounting policy on January 1, 2022, we recognized a cumulative effect adjustment to increase the opening retained earnings as of January 1, 2022 by $ 439,857 Recently Issued Accounting Pronouncements We have considered all other recently issued accounting pronouncements and do not believe the adoption of such pronouncements will have a material impact on our consolidated financial statements. |
LIQUIDITY AND GOING CONCERN
LIQUIDITY AND GOING CONCERN | 6 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
LIQUIDITY AND GOING CONCERN | NOTE 2: LIQUIDITY AND GOING CONCERN The accompanying financial statements have been prepared assuming that we will continue as a going concern. As reflected in the financial statements, we have incurred significant current period losses and negative cash flows from operating activities, and we have negative working capital and an accumulated deficit. We have relied upon loans and issuances of our equity to fund our operations. These conditions, among others, raise substantial doubt about our ability to continue as a going concern. Management’s plans regarding these matters, include raising additional debt or equity financing, the terms of which might not be acceptable. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 6 Months Ended |
Jun. 30, 2022 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 3: PROPERTY AND EQUIPMENT The following table summarizes the components of our property and equipment as of the dates presented: SUMMARY OF COMPONENTS OF PROPERTY AND EQUIPMENT June 30, December 31, 2022 2021 Furniture and Fixtures $ 2,991 $ 2,991 Computer Equipment 656,613 559,654 Property and equipment, gross 659,604 562,645 Accumulated depreciation (354,408 ) (274,239 ) Property and equipment, net of accumulated depreciation $ 305,196 $ 288,406 Depreciation expense for the six months ended June 30, 2022 and 2021, was $ 80,170 71,513 During the six months ended June 30, 2022 and 2021, we purchased property and equipment of $ 96,960 79,020 |
INTELLECTUAL PROPERTY
INTELLECTUAL PROPERTY | 6 Months Ended |
Jun. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTELLECTUAL PROPERTY | NOTE 4: INTELLECTUAL PROPERTY The following table summarizes the components of our intellectual property as of the dates presented: SCHEDULE OF INTELLECTUAL PROPERTY June 30, 2022 December 31, 2021 Intellectual property: Word press GDPR rights $ 46,800 $ 46,800 ARALOC® 1,850,000 1,850,000 ArcMail® 1,445,000 1,445,000 DataExpress® 1,388,051 1,388,051 FileFacets ® 135,000 135,000 IntellyWP™ 60,000 60,000 Resilient Network Systems 305,000 305,000 Intellectual property 5,229,851 5,229,851 Accumulated amortization (4,420,576 ) (3,960,032 ) Intellectual property, net of accumulated amortization $ 809,275 $ 1,269,819 We recognized amortization expense of $ 460,544 483,044 Based on the carrying value of definite-lived intangible assets as of June 30, 2022, we estimate our amortization expense for the next five years will be as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS Amortization Year Ended December 31, Expense 2022 (excluding the six months ended June 30, 2022) $ 354,940 2023 411,585 2024 27,000 Thereafter 15,750 Total $ 809,275 |
ACCOUNTS PAYABLE AND ACCRUED LI
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 6 Months Ended |
Jun. 30, 2022 | |
Payables and Accruals [Abstract] | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | NOTE 5: ACCOUNTS PAYABLE AND ACCRUED LIABILITIES The following table summarizes the components of our accounts payable and accrued liabilities as of the dates presented: SUMMARY OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES June 30, December 31, 2022 2021 Accounts payable $ 264,105 $ 75,628 Credit cards 61,461 28,492 Accrued dividend - preferred stock - 6,849 Accrued liabilities 91,900 4,704 Accounts payable and accrued liabilities $ 417,466 $ 115,673 |
DEFERRED REVENUE
DEFERRED REVENUE | 6 Months Ended |
Jun. 30, 2022 | |
Revenue from Contract with Customer [Abstract] | |
DEFERRED REVENUE | NOTE 6: DEFERRED REVENUE For the six months ended June 30, 2022 and as of December 31, 2021, changes in deferred revenue were as follows: SUMMARY OF CHANGES IN DEFERRED REVENUE June 30, December 31, 2022 2021 Balance, beginning of period $ 1,608,596 $ 1,518,163 Deferral of revenue 2,182,504 2,581,801 Recognition of deferred revenue (1,208,512 ) (2,491,368 ) Balance, end of period $ 2,582,588 $ 1,608,596 As of June 30, 2022 and December 31, 2021, deferred revenue is classified as follows: SCHEDULE OF DEFERRED REVENUE June 30, December 31, 2022 2021 Current $ 1,510,827 $ 1,035,185 Non-current 1,071,761 573,411 Deferred revenue $ 2,582,588 $ 1,608,596 |
LEASES
LEASES | 6 Months Ended |
Jun. 30, 2022 | |
Leases | |
LEASES | NOTE 7: LEASES Operating lease We have two noncancelable operating leases for office facilities, one that we entered into January 2019 and that expires April 10, 2024 We recognized total lease expense of approximately $ 83,339 24,000 10,000 At June 30, 2022, future minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES Total Year Ended December 31, 2022 (excluding the six months ended June 30, 2022) 63,650 2023 131,150 Thereafter - Total lease payment 194,800 Less: Imputed interest (11,880 ) Operating lease liabilities 182,920 Operating lease liability - current 118,848 Operating lease liability - non-current $ 64,072 The following summarizes other supplemental information about our operating leases as of June 30, 2022: SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE Weighted average discount rate 8 % Weighted average remaining lease term (years) 1.54 Financing leases We lease computer and hardware under non-cancellable capital leases. The term of those capital leases is 3 12 41,914 72,768 0 10,341 10,944 At June 30, 2022, future minimum lease payments under the finance lease obligations, are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER FINANCE LEASES Total 2022 (excluding the six months ended June 30, 2022) $ 33,285 2023 10,496 Thereafter - Total finance lease payment 43,781 Less: Imputed interest (1,867 ) Finance lease liabilities 41,914 Finance lease liability 41,914 Finance lease liability - non-current $ - As of June 30, 2022 and December 31 2021, finance lease assets are included in property and equipment as follows: SCHEDULE OF FINANCE LEASE ASSETS June 30, December 31, 2022 2021 Finance lease assets $ 267,284 $ 267,284 Accumulated depreciation (231,156 ) (192,928 ) Finance lease assets, net of accumulated depreciation $ 36,128 $ 74,356 |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE | NOTE 8: CONVERTIBLE NOTES PAYABLE Convertible notes payable consists of the following: SCHEDULE OF CONVERTIBLE NOTES PAYABLE June 30, December 31, 2022 2021 Convertible Notes - Issued in fiscal year 2020 98,488 100,000 Convertible Notes - Issued in fiscal year 2021 851,851 1,607,857 Convertible Notes - Issued in fiscal year 2022 1,291,735 - Convertible notes payable, Gross 2,242,074 1,707,857 Less debt discount and debt issuance cost (200,812 ) (691,569 ) Convertible notes payable 2,041,262 1,016,288 Less current portion of convertible notes payable 1,942,774 993,931 Long-term convertible notes payable $ 98,488 $ 22,357 During the six months ended June 30, 2022 and the year ended 2021, we recognized interest expense of $ 374,938 14,556 636,010 335,663 Conversion During the six months ended June 30, 2022, we converted notes with principal amounts and accrued interest of $ 29,325 into 165,273 shares of common stock. The corresponding derivative liability of $ 57,883 Convertible notes payable consists of the following: Promissory Notes - Issued in fiscal year 2020 In 2020, we issued convertible promissory notes with principal amounts totaling $ 100,000 ● Terms 60 ● Annual interest rates of 5 ● Conversion price fixed at $ 0.01 Promissory Notes - Issued in fiscal year 2021 In 2021, we issued convertible promissory notes with principal amounts totaling $ 1,696,999 1,482,000 214,999 ● Terms ranging from 90 12 ● Annual interest rates of 5 12 ● Convertible at the option of the holders after varying dates. ● Conversion price based on a formula corresponding to a discount (39% discount) off the average closing price or lowest trading price of our Common Stock for the 20 prior trading days including the day on which a notice of conversion is received. The 2021 Convertible Notes also were associated with the following: ● The issuance of 1,414 133,663 ● The issuance of 117,992 7.44 36.00 5 years During the six months ended June 30, 2022, in connection with the 2021 Convertible Notes, we repaid principal in the amount of $ 729,506 319,743 Promissory Notes - Issued in fiscal year 2022 During the six months ended June 30, 2022, we issued convertible promissory notes with principal amounts totaling $ 1,320,575 1,207,800 57,313 ● Terms ranging from 9 12 ● Annual interest rates of 9 12 ● Convertible at the option of the holders after varying dates. ● Conversion price based on a formula corresponding to a discount (20% or 39% discount) off the lowest trading price of our Common Stock for the 20 prior trading days including the day on which a notice of conversion is received, although one of the 2022 Convertible Notes establishes a fixed conversion price of $4.50 per share. During the six months ended June 30, 2022, the 2022 Convertible Notes also were associated with the following: ● 18,170 140,936 In connection with the adoption of ASU 2020-06 on January 1, 2022, we reclassified $ 517,500 439,857 |
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES | 6 Months Ended |
Jun. 30, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE LIABILITIES | NOTE 9: DERIVATIVE LIABILITIES We analyzed the conversion option for derivative accounting consideration under ASC 815, Derivatives and Hedging, and hedging, and determined that the instrument should be classified as a liability since the conversion option becomes effective at issuance resulting in there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. ASC 815 requires we assess the fair market value of derivative liability at the end of each reporting period and recognize any change in the fair market value as other income or expense item. We determined our derivative liabilities to be a Level 3 fair value measurement during the year based on management’s estimate of the expected future cash flows required to settle the liabilities, and used the Binomial pricing model to calculate the fair value as of June 30, 2022. As of the six months ended June 30, 2022, there were no derivative liabilities. The Binomial model requires six basic data inputs: the exercise or strike price, time to expiration, the risk-free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each convertible note and warrant is estimated using the Binomial valuation model. For the six months ended June 30, 2022 and year ended December 31, 2021, the estimated fair values of the liabilities measured on a recurring basis are as follows: We valued the conversion feature using the Binomial pricing model. The fair value of the derivative liability for all the notes that became convertible, including the notes issued in prior years, during the six months ended June 30, 2022 amounted to $ 57,883 For the six months June 30, 2022 and year ended December 31, 2021, the estimated fair values of the liabilities measured on a recurring basis are as follows: SCHEDULE OF FAIR VALUE OF LIABILITIES MEASURED ON RECURRING BASIS Six months ended Year ended June 30, December 31, 2022 2021 Expected term 0.51 0.48 5.00 Expected average volatility 134 % 160 302 Expected dividend yield - - Risk-free interest rate 59 % 0.04 1.24 The aggregate loss on derivatives during the six months ended June 30, 2022 and 2021 was $ 57,883 363,654 |
NOTES PAYABLE
NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2022 | |
Notes Payable | |
NOTES PAYABLE | NOTE 10: NOTES PAYABLE Notes payable consists of the following: SCHEDULE OF NOTES PAYABLE June 30, December 31, Interest 2022 2021 Maturity Rate Economic Injury Disaster Loan - originated in May 2020 (1, 3) $ 500,000 $ 500,000 30 3.75 % Promissory note - originated in September 2020 35,319 50,456 $ 2,873.89 36 14.0 % Promissory note - originated in December 2020 24,543 33,039 $ 1,854.41 36 8.0 % Promissory note - originated in January 2021 35,413 48,583 $ 2,675.89 36 18.0 % Promissory note - originated in February 2021 (2) 1,305,374 1,328,848 5 4.0 % Promissory note - originated in April 2021 693,333 832,000 1 12 % Promissory note - originated in July 2021 282,000 282,000 1 12 % Promissory note - originated in September 2021 49,621 55,576 $ 1,383.56 60 28 % Promissory note - originated in December 2021 - 406,300 $ 20,050 49 % Promissory note - originated in December 2021 - 241,716 $ 10,071.45 4.94 % Promissory note - originated in December 2021 - 189,975 $ 2,793.75 7 % Promissory note - originated in March 2022 233,980 - $ 20,995 49 % Promissory note - originated in March 2022 62,357 - $ 642.86 15 % Promissory note - originated in April 2022 81,726 - $ 1,695.41 36 16.0 % Promissory note - originated in April 2022 127,395 - $ 2,235 15 % Promissory note - originated in April 2022 68,913 - $ 1,862.50 5 % Promissory note - originated in April 2022 284,088 - $ 7,250 25 % Promissory note - originated in June 2022 67,455 - $ 1,873.75 25 % 3,851,517 3,968,491 Less debt discount and debt issuance cost (317,931 ) (476,727 ) 3,533,586 3,491,766 Less current portion of promissory notes payable 1,799,147 1,720,777 Long-term promissory notes payable $ 1,734,439 $ 1,770,989 (1) We received an advance under the Economic Injury Disaster Loan (EIDL) program. (2) We received a second advance under the EIDL program in fiscal year 2021. (3) On February 12, 2021, we issued notes payable of $ 1,404,000 1,094,691 309,309 During the six months ended June 30, 2022 and 2021, we recognized interest expense of $ 113,693 57,209 625,621 995,066 During the six months ended June 30, 2022 and 2021, we issued a total of $ 1,840,518 3,641,037 654,065 1,066,393 1,957,492 2,734,275 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jun. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 11: COMMITMENTS AND CONTINGENCIES We account for contingent liabilities in accordance with Accounting Standards Codification (“ASC”) Topic 450, Contingencies DMB Note Collection Action On June 17, 2021, DMB Group, LLC (“ DMB Subsidiary Employment Related Claims We view most legal proceedings involving claims of former employees as routine litigation incidental to the business, and therefore not material. Litigation In the ordinary course of business, we are involved in a number of lawsuits incidental to our business, including litigation related to intellectual property, employees, and commercial matters. Although it is difficult to predict the ultimate outcome of these cases, management believes that any ultimate liability would not have a material adverse effect on our consolidated financial condition or results of operations. However, an unforeseen unfavorable development in any of these cases could have a material adverse effect on our consolidated financial condition, results of operations, or cash flows in the period in which it is recorded. |
CAPITAL STOCK AND REVERSE STOCK
CAPITAL STOCK AND REVERSE STOCK SPLIT | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
CAPITAL STOCK AND REVERSE STOCK SPLIT | NOTE 12: CAPITAL STOCK AND REVERSE STOCK SPLIT On March 7, 2022, we filed an amendment to our Articles of Incorporation to effect a 1-for-8 0.001 Preferred Stock As of June 30, 2022, we are authorized to issue 337,500 0.001 150,000 80,000 Series A Preferred Stock Each share of Series A was (i) convertible into 1,000 entitled to vote 15,000 shares of common stock on all matters submitted to a vote by shareholders voting common stock. During the six months ended June 30, 2022, 108 108,000 As of June 30, 2022 and December 31, 2021, 149,892 150,000 Series B Preferred Stock Each share of Series B (i) has a stated value of Ten Dollars ($10.00) per share; (ii) is convertible into Common Stock at a price per share equal to sixty one percent (61%) of the lowest price for our Common Stock during the twenty (20) days of trading preceding the date of the conversion; (iii) earns dividends at the rate of nine percent (9%) per annum; and, (iv) has no voting rights. During the six months ended June 30, 2022, we issued 7,875 78,750 3,750 During the six months ended June 30, 2022, we redeemed 37,625 487,730 During the six months ended June 30, 2022, we recorded an accrued dividend of $ 104,631 22,439 As of June 30, 2022 and December 31, 2021, 0 29,750 Common Stock As of June 30, 2022, we are authorized to issue 125,000,000 0.001 All shares have equal voting rights, are non-assessable, and have one vote per share. During the six months ended June 30, 2022, we issued Common Stock as follows: ● 165,273 ● 6,631 ● 380,952 ● 108,000 ● 153,491 ● 18,170 As of June 30, 2022 and December 31, 2021, 954,561 122,044 Warrants A summary of activity during the six months ended June 30, 2022 follows: SCHEDULE OF WARRANTS ACTIVITY Warrants Outstanding Weighted Average Shares Exercise Price Outstanding, December 31, 2021 146,842 $ 27.86 Granted 19,166 6.00 Exercised (7,567 ) - Forfeited/canceled - - Outstanding, June 30, 2022 158,441 $ 22.07 During the six months ended June 30, 2022, 7,567 6,631 The following table summarizes information relating to outstanding and exercisable warrants as of June 30, 2022: SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS Exercisable Warrants Outstanding Weighted Average Remaining Number of Shares Contractual life (in years) Weighted Average Exercise Price 6,250 3.45 $ 160.00 6,934 3.81 $ 120.00 15,666 4.08 $ 36.00 2,917 4.25 $ 36.00 32,837 4.31 $ 9.88 74,671 4.48 $ 7.44 19,166 4.86 $ 6.00 158,441 4.38 $ 22.07 |
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
SHARE-BASED COMPENSATION | NOTE 13: SHARE-BASED COMPENSATION Stock Options During the three months ended June 30, 2022, we granted options for the purchase of our Common Stock to certain employees as consideration for services rendered. The terms of the stock option grants are determined by our Board of Directors consistent our 2019 Omnibus Stock Incentive Plan which the Board adopted May 16, 2019. Our stock options generally vest upon the one-year anniversary date of the grant ten years The following summarizes the stock option activity for the six months ended June 30, 2022: SCHEDULE OF STOCK OPTION ACTIVITY Options Outstanding Weighted-Average Balance as of December 31, 2021 2,121 $ 467.76 Grants - - Exercised - - Cancelled (1,092 ) 134.40 Balance as of June 30, 2022 1,029 $ 481.46 The following summarizes certain information about stock options vested and expected to vest as of June 30, 2022: SCHEDULE OF STOCK OPTIONS VESTED AND EXPECTED TO VEST Number of Options Weighted-Average Remaining Contractual Life (In Years) Weighted- Average Exercise Price Number of Options Weighted-Average Remaining Contractual Life (In Years) Weighted- Average Exercise Price Outstanding 1,029 8.39 $ 481.46 Exercisable 585 8.23 $ 735.99 Expected to vest 444 8.51 $ 303.82 As of June 30, 2022 and December 31, 2021, there was $ 67,833 381,547 Restricted Stock Awards The following summarizes the restricted stock activity for the six months ended June 30, 2022: SCHEDULE OF RESTRICTED STOCK ACTIVITY Weighted-Average Shares Fair Value Balance as of December 31, 2021 1,370 $ 639.22 Shares of restricted stock granted - - Exercised - - Cancelled - - Balance as of June 30, 2022 1,370 $ 639.22 SCHEDULE OF RESTRICTED STOCK AWARD Number of Restricted Stock Awards June 30, 2022 December 31, 2021 Vested 1,370 1,370 Non-vested - - |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 14: RELATED PARTY TRANSACTIONS Jason Remillard is our president and chief executive officer and the sole director. Through his ownership of Series A Preferred Shares, Mr. Remillard has voting control over all matters to be submitted to a vote of our shareholders. On September 16, 2019, we entered into an Asset Purchase Agreement with DMB Group, LLC (“DMB Group”). A significant part of the purchase price was in the form of our Common Stock. As a direct result of this transaction and our Common Stock issued to DMB Group, we determined that DMB Group was a related party. Amounts owed to DMB Group, including the note payable of $ 940,000 97,689 124,985 1,240 0 123,745 During the six months ended June 30, 2022, we received cash from our Chief Executive Officer of $ 116,238 86,571 As of June 30, 2022 and December 31, 2021, we had due to related party transactions in the amounts of $ 277,033 247,366 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 15: SUBSEQUENT EVENTS In accordance with ASC 855-10, “Subsequent Events”, we analyzed our operations subsequent to June 30, 2022 to August 15, 2022, the date when these consolidated financial statements were issued. Our Management determined that there were no reportable events that occurred during that subsequent period to be disclosed or recorded. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Description of Business | Description of Business Data443 Risk Mitigation, Inc. (the “Company”, “we”, “us” and “our”) was incorporated as a Nevada corporation on May 4, 1998. On October 15, 2019, the Company changed its name from LandStar, Inc. to Data443 Risk Mitigation, Inc. within the State of Nevada. We deliver solutions and capabilities that businesses can use in conjunction with their use of established cloud vendors such as Microsoft® Azure, Google® Cloud Platform (GCP) and Amazon® Web Services (AWS), as well as with on-premises databases and database applications with virtualization platforms, such as those hosted or configured using VMWare®, Citrix® and Oracle® clouds/products). On January 19, 2022, we entered into an Asset Purchase Agreement with Centurion Holdings I, LLC (“Centurion”) to acquire the intellectual property rights and certain assets collectively known as Centurion SmartShield Home and SmartShield Enterprise, patented technology that protects and recovers devices in the event of ransomware attacks. The total purchase price of $ 3,400,000 250,000 2,900,000 250,000 500,000 2,400,000 380,952 |
Basis of Presentation | Basis of Presentation These unaudited consolidated financial statements have been prepared in accordance rules and regulations of the Securities and Exchange Commission (“SEC”) and generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, we have included all adjustments considered necessary for a fair presentation and such adjustments are of a normal recurring nature. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2021 and notes thereto and other pertinent information contained in our Form 10-K as filed with the SEC on March 31, 2022. The results of operations for the six months ended June 30, 2022, are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2022. |
Basis of Consolidation | Basis of Consolidation The accompanying unaudited consolidated financial statements as of June 30, 2022 include our accounts and those of our wholly-owned subsidiary, Data 443 Risk Mitigation, Inc., a North Carolina operating company. These unaudited consolidated financial statements have been prepared on the accrual basis of accounting in accordance with GAAP. |
Stock-Based Compensation | Stock-Based Compensation Employees Nonemployees We recorded approximately $ 798,690 680,440 our Common Stock |
Basic and Diluted Net Loss Per Common Share | Basic and Diluted Net Loss Per Common Share Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method and as if converted method. Dilutive potential common shares include outstanding stock options, warrant and convertible notes. For the six months ended June 30, 2022 and 2021, respectively, the following common stock equivalents were excluded from the computation of diluted net loss per share as the result of the computation was anti-dilutive: SCHEDULE OF ANTI-DILUTIVE BASIC AND DILUTED EARNINGS PER SHARE 2022 2021 Six Months Ended June 30, 2022 2021 (Shares) (Shares) Series A Preferred Stock 149,892,000 150,000,000 Stock options 1,029 1,559 Warrants 158,441 - Convertible notes - 13,183 Preferred B stock - 2,517 Total 150,051,470 150,017,259 |
COVID-19 | COVID-19 In March 2020, the World Health Organization (“WHO”) declared the novel coronavirus COVID-19 (“COVID-19”) a global pandemic. The pandemic adversely affected workforces, economies, and financial markets globally in 2020 and, until contained, is still expected to disrupt general business operations. The COVID-19 pandemic and the measures taken by many governments around the world in response could in the future meaningfully impact our business, results of operations and financial condition. We are currently unable to predict the duration of that impact but continue our our |
Recently Adopted Accounting Guidance | Recently Adopted Accounting Guidance In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Due to adoption of this accounting policy on January 1, 2022, we recognized a cumulative effect adjustment to increase the opening retained earnings as of January 1, 2022 by $ 439,857 |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements We have considered all other recently issued accounting pronouncements and do not believe the adoption of such pronouncements will have a material impact on our consolidated financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
SCHEDULE OF ANTI-DILUTIVE BASIC AND DILUTED EARNINGS PER SHARE | For the six months ended June 30, 2022 and 2021, respectively, the following common stock equivalents were excluded from the computation of diluted net loss per share as the result of the computation was anti-dilutive: SCHEDULE OF ANTI-DILUTIVE BASIC AND DILUTED EARNINGS PER SHARE 2022 2021 Six Months Ended June 30, 2022 2021 (Shares) (Shares) Series A Preferred Stock 149,892,000 150,000,000 Stock options 1,029 1,559 Warrants 158,441 - Convertible notes - 13,183 Preferred B stock - 2,517 Total 150,051,470 150,017,259 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Property, Plant and Equipment [Abstract] | |
SUMMARY OF COMPONENTS OF PROPERTY AND EQUIPMENT | The following table summarizes the components of our property and equipment as of the dates presented: SUMMARY OF COMPONENTS OF PROPERTY AND EQUIPMENT June 30, December 31, 2022 2021 Furniture and Fixtures $ 2,991 $ 2,991 Computer Equipment 656,613 559,654 Property and equipment, gross 659,604 562,645 Accumulated depreciation (354,408 ) (274,239 ) Property and equipment, net of accumulated depreciation $ 305,196 $ 288,406 |
INTELLECTUAL PROPERTY (Tables)
INTELLECTUAL PROPERTY (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
SCHEDULE OF INTELLECTUAL PROPERTY | The following table summarizes the components of our intellectual property as of the dates presented: SCHEDULE OF INTELLECTUAL PROPERTY June 30, 2022 December 31, 2021 Intellectual property: Word press GDPR rights $ 46,800 $ 46,800 ARALOC® 1,850,000 1,850,000 ArcMail® 1,445,000 1,445,000 DataExpress® 1,388,051 1,388,051 FileFacets ® 135,000 135,000 IntellyWP™ 60,000 60,000 Resilient Network Systems 305,000 305,000 Intellectual property 5,229,851 5,229,851 Accumulated amortization (4,420,576 ) (3,960,032 ) Intellectual property, net of accumulated amortization $ 809,275 $ 1,269,819 |
SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS | Based on the carrying value of definite-lived intangible assets as of June 30, 2022, we estimate our amortization expense for the next five years will be as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS Amortization Year Ended December 31, Expense 2022 (excluding the six months ended June 30, 2022) $ 354,940 2023 411,585 2024 27,000 Thereafter 15,750 Total $ 809,275 |
ACCOUNTS PAYABLE AND ACCRUED _2
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Payables and Accruals [Abstract] | |
SUMMARY OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | The following table summarizes the components of our accounts payable and accrued liabilities as of the dates presented: SUMMARY OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES June 30, December 31, 2022 2021 Accounts payable $ 264,105 $ 75,628 Credit cards 61,461 28,492 Accrued dividend - preferred stock - 6,849 Accrued liabilities 91,900 4,704 Accounts payable and accrued liabilities $ 417,466 $ 115,673 |
DEFERRED REVENUE (Tables)
DEFERRED REVENUE (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Revenue from Contract with Customer [Abstract] | |
SUMMARY OF CHANGES IN DEFERRED REVENUE | For the six months ended June 30, 2022 and as of December 31, 2021, changes in deferred revenue were as follows: SUMMARY OF CHANGES IN DEFERRED REVENUE June 30, December 31, 2022 2021 Balance, beginning of period $ 1,608,596 $ 1,518,163 Deferral of revenue 2,182,504 2,581,801 Recognition of deferred revenue (1,208,512 ) (2,491,368 ) Balance, end of period $ 2,582,588 $ 1,608,596 |
SCHEDULE OF DEFERRED REVENUE | As of June 30, 2022 and December 31, 2021, deferred revenue is classified as follows: SCHEDULE OF DEFERRED REVENUE June 30, December 31, 2022 2021 Current $ 1,510,827 $ 1,035,185 Non-current 1,071,761 573,411 Deferred revenue $ 2,582,588 $ 1,608,596 |
LEASES (Tables)
LEASES (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Leases | |
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES | At June 30, 2022, future minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES Total Year Ended December 31, 2022 (excluding the six months ended June 30, 2022) 63,650 2023 131,150 Thereafter - Total lease payment 194,800 Less: Imputed interest (11,880 ) Operating lease liabilities 182,920 Operating lease liability - current 118,848 Operating lease liability - non-current $ 64,072 |
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE | The following summarizes other supplemental information about our operating leases as of June 30, 2022: SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE Weighted average discount rate 8 % Weighted average remaining lease term (years) 1.54 |
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER FINANCE LEASES | At June 30, 2022, future minimum lease payments under the finance lease obligations, are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER FINANCE LEASES Total 2022 (excluding the six months ended June 30, 2022) $ 33,285 2023 10,496 Thereafter - Total finance lease payment 43,781 Less: Imputed interest (1,867 ) Finance lease liabilities 41,914 Finance lease liability 41,914 Finance lease liability - non-current $ - |
SCHEDULE OF FINANCE LEASE ASSETS | As of June 30, 2022 and December 31 2021, finance lease assets are included in property and equipment as follows: SCHEDULE OF FINANCE LEASE ASSETS June 30, December 31, 2022 2021 Finance lease assets $ 267,284 $ 267,284 Accumulated depreciation (231,156 ) (192,928 ) Finance lease assets, net of accumulated depreciation $ 36,128 $ 74,356 |
CONVERTIBLE NOTES PAYABLE (Tabl
CONVERTIBLE NOTES PAYABLE (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
SCHEDULE OF CONVERTIBLE NOTES PAYABLE | Convertible notes payable consists of the following: SCHEDULE OF CONVERTIBLE NOTES PAYABLE June 30, December 31, 2022 2021 Convertible Notes - Issued in fiscal year 2020 98,488 100,000 Convertible Notes - Issued in fiscal year 2021 851,851 1,607,857 Convertible Notes - Issued in fiscal year 2022 1,291,735 - Convertible notes payable, Gross 2,242,074 1,707,857 Less debt discount and debt issuance cost (200,812 ) (691,569 ) Convertible notes payable 2,041,262 1,016,288 Less current portion of convertible notes payable 1,942,774 993,931 Long-term convertible notes payable $ 98,488 $ 22,357 |
DERIVATIVE LIABILITIES (Tables)
DERIVATIVE LIABILITIES (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
SCHEDULE OF FAIR VALUE OF LIABILITIES MEASURED ON RECURRING BASIS | For the six months June 30, 2022 and year ended December 31, 2021, the estimated fair values of the liabilities measured on a recurring basis are as follows: SCHEDULE OF FAIR VALUE OF LIABILITIES MEASURED ON RECURRING BASIS Six months ended Year ended June 30, December 31, 2022 2021 Expected term 0.51 0.48 5.00 Expected average volatility 134 % 160 302 Expected dividend yield - - Risk-free interest rate 59 % 0.04 1.24 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Payable | |
SCHEDULE OF NOTES PAYABLE | Notes payable consists of the following: SCHEDULE OF NOTES PAYABLE June 30, December 31, Interest 2022 2021 Maturity Rate Economic Injury Disaster Loan - originated in May 2020 (1, 3) $ 500,000 $ 500,000 30 3.75 % Promissory note - originated in September 2020 35,319 50,456 $ 2,873.89 36 14.0 % Promissory note - originated in December 2020 24,543 33,039 $ 1,854.41 36 8.0 % Promissory note - originated in January 2021 35,413 48,583 $ 2,675.89 36 18.0 % Promissory note - originated in February 2021 (2) 1,305,374 1,328,848 5 4.0 % Promissory note - originated in April 2021 693,333 832,000 1 12 % Promissory note - originated in July 2021 282,000 282,000 1 12 % Promissory note - originated in September 2021 49,621 55,576 $ 1,383.56 60 28 % Promissory note - originated in December 2021 - 406,300 $ 20,050 49 % Promissory note - originated in December 2021 - 241,716 $ 10,071.45 4.94 % Promissory note - originated in December 2021 - 189,975 $ 2,793.75 7 % Promissory note - originated in March 2022 233,980 - $ 20,995 49 % Promissory note - originated in March 2022 62,357 - $ 642.86 15 % Promissory note - originated in April 2022 81,726 - $ 1,695.41 36 16.0 % Promissory note - originated in April 2022 127,395 - $ 2,235 15 % Promissory note - originated in April 2022 68,913 - $ 1,862.50 5 % Promissory note - originated in April 2022 284,088 - $ 7,250 25 % Promissory note - originated in June 2022 67,455 - $ 1,873.75 25 % 3,851,517 3,968,491 Less debt discount and debt issuance cost (317,931 ) (476,727 ) 3,533,586 3,491,766 Less current portion of promissory notes payable 1,799,147 1,720,777 Long-term promissory notes payable $ 1,734,439 $ 1,770,989 (1) We received an advance under the Economic Injury Disaster Loan (EIDL) program. (2) We received a second advance under the EIDL program in fiscal year 2021. (3) On February 12, 2021, we issued notes payable of $ 1,404,000 1,094,691 309,309 |
CAPITAL STOCK AND REVERSE STO_2
CAPITAL STOCK AND REVERSE STOCK SPLIT (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
SCHEDULE OF WARRANTS ACTIVITY | A summary of activity during the six months ended June 30, 2022 follows: SCHEDULE OF WARRANTS ACTIVITY Warrants Outstanding Weighted Average Shares Exercise Price Outstanding, December 31, 2021 146,842 $ 27.86 Granted 19,166 6.00 Exercised (7,567 ) - Forfeited/canceled - - Outstanding, June 30, 2022 158,441 $ 22.07 |
SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS | The following table summarizes information relating to outstanding and exercisable warrants as of June 30, 2022: SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS Exercisable Warrants Outstanding Weighted Average Remaining Number of Shares Contractual life (in years) Weighted Average Exercise Price 6,250 3.45 $ 160.00 6,934 3.81 $ 120.00 15,666 4.08 $ 36.00 2,917 4.25 $ 36.00 32,837 4.31 $ 9.88 74,671 4.48 $ 7.44 19,166 4.86 $ 6.00 158,441 4.38 $ 22.07 |
SHARE-BASED COMPENSATION (Table
SHARE-BASED COMPENSATION (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
SCHEDULE OF STOCK OPTION ACTIVITY | The following summarizes the stock option activity for the six months ended June 30, 2022: SCHEDULE OF STOCK OPTION ACTIVITY Options Outstanding Weighted-Average Balance as of December 31, 2021 2,121 $ 467.76 Grants - - Exercised - - Cancelled (1,092 ) 134.40 Balance as of June 30, 2022 1,029 $ 481.46 |
SCHEDULE OF STOCK OPTIONS VESTED AND EXPECTED TO VEST | The following summarizes certain information about stock options vested and expected to vest as of June 30, 2022: SCHEDULE OF STOCK OPTIONS VESTED AND EXPECTED TO VEST Number of Options Weighted-Average Remaining Contractual Life (In Years) Weighted- Average Exercise Price Number of Options Weighted-Average Remaining Contractual Life (In Years) Weighted- Average Exercise Price Outstanding 1,029 8.39 $ 481.46 Exercisable 585 8.23 $ 735.99 Expected to vest 444 8.51 $ 303.82 |
SCHEDULE OF RESTRICTED STOCK ACTIVITY | The following summarizes the restricted stock activity for the six months ended June 30, 2022: SCHEDULE OF RESTRICTED STOCK ACTIVITY Weighted-Average Shares Fair Value Balance as of December 31, 2021 1,370 $ 639.22 Shares of restricted stock granted - - Exercised - - Cancelled - - Balance as of June 30, 2022 1,370 $ 639.22 |
SCHEDULE OF RESTRICTED STOCK AWARD | SCHEDULE OF RESTRICTED STOCK AWARD Number of Restricted Stock Awards June 30, 2022 December 31, 2021 Vested 1,370 1,370 Non-vested - - |
SCHEDULE OF ANTI-DILUTIVE BASIC
SCHEDULE OF ANTI-DILUTIVE BASIC AND DILUTED EARNINGS PER SHARE (Details) - shares | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Total | 150,051,470 | 150,017,259 |
Series A Preferred Stock [Member] | ||
Total | 149,892,000 | 150,000,000 |
Stock Options [Member] | ||
Total | 1,029 | 1,559 |
Warrant [Member] | ||
Total | 158,441 | |
Convertible Notes [Member] | ||
Total | 13,183 | |
Series B Preferred Stock [Member] | ||
Total | 2,517 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 6 Months Ended | ||||
Jan. 19, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Apr. 20, 2022 | Dec. 31, 2021 | |
Payments to acquire businesses, gross | $ 250,000 | ||||
Notes payable | $ 3,533,586 | $ 3,491,766 | |||
Common stock shares issued | 954,561 | 122,044 | |||
Gain on share-based compensation expense | $ 798,690 | $ 680,440 | |||
Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Retained earnings | $ 439,857 | ||||
Asset Purchase Agreement [Member] | Centurion Holdings I LLC [Member] | |||||
Business combination, consideration transferred | $ 3,400,000 | ||||
Payments to acquire businesses, gross | 250,000 | ||||
Payment for contingent consideration liability, investing activities | 250,000 | ||||
Outstanding cash | 500,000 | ||||
Repayments of obligation related to equivalent | 2,400,000 | ||||
Common stock shares issued | 380,952 | ||||
Asset Purchase Agreement [Member] | Centurion Holdings I LLC [Member] | Promissory Note [Member] | |||||
Notes payable | $ 2,900,000 |
SUMMARY OF COMPONENTS OF PROPER
SUMMARY OF COMPONENTS OF PROPERTY AND EQUIPMENT (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 659,604 | $ 562,645 |
Accumulated depreciation | (354,408) | (274,239) |
Property and equipment, net of accumulated depreciation | 305,196 | 288,406 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 2,991 | 2,991 |
Computer Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 656,613 | $ 559,654 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 80,170 | $ 71,513 |
Acquire property plant and equipment | $ 96,960 | $ 79,020 |
SCHEDULE OF INTELLECTUAL PROPER
SCHEDULE OF INTELLECTUAL PROPERTY (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | $ 5,229,851 | $ 5,229,851 |
Accumulated amortization | (4,420,576) | (3,960,032) |
Intellectual property, net of accumulated amortization | 809,275 | 1,269,819 |
Wordpress G D P R Rights [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | 46,800 | 46,800 |
A R A L O C [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | 1,850,000 | 1,850,000 |
Arc Mail [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | 1,445,000 | 1,445,000 |
Data Express [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | 1,388,051 | 1,388,051 |
File Facets [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | 135,000 | 135,000 |
Intelly W P [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | 60,000 | 60,000 |
Resilient Network Systems [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intellectual property | $ 305,000 | $ 305,000 |
SCHEDULE OF FUTURE AMORTIZATION
SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
2022 (excluding the six months ended June 30, 2022) | $ 354,940 | |
2023 | 411,585 | |
2024 | 27,000 | |
Thereafter | 15,750 | |
Total | $ 809,275 | $ 1,269,819 |
INTELLECTUAL PROPERTY (Details
INTELLECTUAL PROPERTY (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Amortization of Intangible Assets | $ 460,544 | $ 483,044 |
SUMMARY OF ACCOUNTS PAYABLE AND
SUMMARY OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Payables and Accruals [Abstract] | ||
Accounts payable | $ 264,105 | $ 75,628 |
Credit cards | 61,461 | 28,492 |
Accrued dividend - preferred stock | 6,849 | |
Accrued liabilities | 91,900 | 4,704 |
Accounts payable and accrued liabilities | $ 417,466 | $ 115,673 |
SUMMARY OF CHANGES IN DEFERRED
SUMMARY OF CHANGES IN DEFERRED REVENUE (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Revenue from Contract with Customer [Abstract] | ||
Balance, beginning of period | $ 1,608,596 | $ 1,518,163 |
Deferral of revenue | 2,182,504 | 2,581,801 |
Recognition of deferred revenue | (1,208,512) | (2,491,368) |
Balance, end of period | $ 2,582,588 | $ 1,608,596 |
SCHEDULE OF DEFERRED REVENUE (D
SCHEDULE OF DEFERRED REVENUE (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Revenue from Contract with Customer [Abstract] | |||
Current | $ 1,510,827 | $ 1,035,185 | |
Non-current | 1,071,761 | 573,411 | |
Deferred revenue | $ 2,582,588 | $ 1,608,596 | $ 1,518,163 |
SCHEDULE OF FUTURE MINIMUM LEAS
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Leases | ||
2022 (excluding the six months ended June 30, 2022) | $ 63,650 | |
2023 | 131,150 | |
Thereafter | ||
Total lease payment | 194,800 | |
Less: Imputed interest | (11,880) | |
Operating lease liabilities | 182,920 | |
Operating lease liability - current | 118,848 | $ 112,322 |
Operating lease liability - non-current | $ 64,072 | $ 125,640 |
SCHEDULE OF OTHER SUPPLEMENTAL
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE (Details) | Jun. 30, 2022 |
Leases | |
Weighted average discount rate | 8% |
Weighted average remaining lease term (years) | 1 year 6 months 14 days |
SCHEDULE OF FUTURE MINIMUM LE_2
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER FINANCE LEASES (Details) - USD ($) | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Leases | |||
2022 (excluding the six months ended June 30, 2022) | $ 33,285 | ||
2023 | 10,496 | ||
Thereafter | |||
Total finance lease payment | 43,781 | ||
Less: Imputed interest | (1,867) | ||
Finance lease liabilities | 41,914 | ||
Finance lease liability | $ 41,914 | 41,914 | $ 72,768 |
Finance lease liability - non-current | $ 10,341 |
SCHEDULE OF FINANCE LEASE ASSET
SCHEDULE OF FINANCE LEASE ASSETS (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Leases | ||
Finance lease assets | $ 267,284 | $ 267,284 |
Accumulated depreciation | (231,156) | (192,928) |
Finance lease assets, net of accumulated depreciation | $ 36,128 | $ 74,356 |
LEASES (Details Narrative)
LEASES (Details Narrative) - USD ($) | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Mar. 31, 2022 | Dec. 31, 2021 | |
Leases | ||||
Lessee, operating lease, description | We have two noncancelable operating leases for office facilities, one that we entered into January 2019 and that expires April 10, 2024 | |||
Lease expense | $ 83,339 | $ 24,000 | ||
Security deposit | $ 10,000 | $ 10,000 | ||
Lessee, Finance Lease, Term of Contract | 3 years | |||
Capital leases annual interest rate | 12% | |||
Finance Lease, Liability, Current | $ 41,914 | $ 41,914 | 72,768 | |
Finance Lease, Liability, Noncurrent | 10,341 | |||
Finance lease security deposit | $ 10,944 | $ 10,944 |
SCHEDULE OF CONVERTIBLE NOTES P
SCHEDULE OF CONVERTIBLE NOTES PAYABLE (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Short-Term Debt [Line Items] | ||
Convertible notes payable, Gross | $ 2,242,074 | $ 1,707,857 |
Less debt discount and debt issuance cost | 200,812 | 691,569 |
Convertible notes payable | 2,041,262 | 1,016,288 |
Less current portion of convertible notes payable | 1,942,774 | 993,931 |
Long-term convertible notes payable | 98,488 | 22,357 |
Issued In Fiscal Year Two Thousand And Twenty [Member] | ||
Short-Term Debt [Line Items] | ||
Convertible notes payable, Gross | 98,488 | 100,000 |
Issued In Fiscal Year Two Thousand And Twenty One [Member] | ||
Short-Term Debt [Line Items] | ||
Convertible notes payable, Gross | 851,851 | 1,607,857 |
Issued In Fiscal Year Two Thousand And Twenty Two [Member] | ||
Short-Term Debt [Line Items] | ||
Convertible notes payable, Gross | $ 1,291,735 |
CONVERTIBLE NOTES PAYABLE (Deta
CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2022 | |
Short-Term Debt [Line Items] | ||||||
Amortization of debt discount | $ 1,549,752 | $ 1,448,308 | ||||
Cash proceeds | 1,207,800 | 100,000 | ||||
Fair value of common stock value | $ 1,512 | $ 29,325 | $ 1,523,258 | |||
Number of warrants issued | 6,631 | 6,631 | ||||
Decrease in Additional paid in capital | $ 40,842,698 | $ 40,842,698 | $ 37,810,380 | |||
Accumulated deficit cumulative effective adjustment | (45,978,192) | (45,978,192) | (42,033,887) | |||
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Accounting Standards Update 2020-06 [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Decrease in Additional paid in capital | $ 517,500 | |||||
Addition to convertible note payable | 517,500 | |||||
Accumulated deficit cumulative effective adjustment | $ 439,857 | |||||
Convertible Notes Payable [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Interest expense | 374,938 | 14,556 | ||||
Amortization of debt discount | 636,010 | 335,663 | ||||
Debt Conversion, Converted Instrument, Amount | $ 29,325 | |||||
Debt Conversion, Converted Instrument, Shares Issued | 165,273 | |||||
Derivative Liability | 57,883 | $ 57,883 | ||||
Promissory Notes - Issued in Fiscal Year 2020 [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Debt Instrument, Face Amount | $ 100,000 | |||||
Debt instrument term | 60 months | |||||
Debt interest rate | 5% | |||||
Conversion price | $ 0.01 | |||||
Promissory Notes - Issued in Fiscal Year 2021 [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Convertible outstanding amount issued | 1,696,999 | |||||
Cash proceeds | 1,482,000 | |||||
Financing fee | $ 214,999 | |||||
Debt instrument maturity date, description | Convertible at the option of the holders after varying dates. | |||||
Debt conversion, description | Conversion price based on a formula corresponding to a discount (39% discount) off the average closing price or lowest trading price of our Common Stock for the 20 prior trading days including the day on which a notice of conversion is received. | |||||
Promissory Notes - Issued in Fiscal Year 2021 [Member] | Minimum [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Debt instrument term | 90 days | |||||
Debt interest rate | 5% | |||||
Promissory Notes - Issued in Fiscal Year 2021 [Member] | Maximum [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Debt instrument term | 12 months | |||||
Debt interest rate | 12% | |||||
Two Thousand Twenty One Convertible Notes [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Number of convertible securities issued | 1,414 | |||||
Fair value of common stock value | $ 133,663 | |||||
Number of warrants issued | 117,992 | |||||
Warrants exercised term | 5 years | |||||
Debt principal amount paid | 729,506 | |||||
Debt interest amount paid | 319,743 | |||||
Two Thousand Twenty One Convertible Notes [Member] | Minimum [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Exercise price for warrants | $ 7.44 | |||||
Two Thousand Twenty One Convertible Notes [Member] | Maximum [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Exercise price for warrants | $ 36 | |||||
Promissory Notes - Issued in Fiscal Year 2022 [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Debt Conversion, Converted Instrument, Amount | $ 140,936 | |||||
Debt Conversion, Converted Instrument, Shares Issued | 18,170 | |||||
Convertible outstanding amount issued | $ 1,320,575 | $ 1,320,575 | ||||
Cash proceeds | 1,207,800 | |||||
Financing fee | $ 57,313 | |||||
Debt instrument maturity date, description | Convertible at the option of the holders after varying dates. | |||||
Debt conversion, description | Conversion price based on a formula corresponding to a discount (20% or 39% discount) off the lowest trading price of our Common Stock for the 20 prior trading days including the day on which a notice of conversion is received, although one of the 2022 Convertible Notes establishes a fixed conversion price of $4.50 per share. | |||||
Promissory Notes - Issued in Fiscal Year 2022 [Member] | Minimum [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Debt instrument term | 9 months | |||||
Debt interest rate | 9% | 9% | ||||
Promissory Notes - Issued in Fiscal Year 2022 [Member] | Maximum [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Debt instrument term | 12 months | |||||
Debt interest rate | 12% | 12% |
SCHEDULE OF FAIR VALUE OF LIABI
SCHEDULE OF FAIR VALUE OF LIABILITIES MEASURED ON RECURRING BASIS (Details) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Measurement Input, Expected Term [Member] | ||
Derivative [Line Items] | ||
Expected term | 6 months 3 days | |
Measurement Input, Expected Term [Member] | Minimum [Member] | ||
Derivative [Line Items] | ||
Expected term | 5 months 23 days | |
Measurement Input, Expected Term [Member] | Maximum [Member] | ||
Derivative [Line Items] | ||
Expected term | 5 years | |
Measurement Input, Price Volatility [Member] | ||
Derivative [Line Items] | ||
Derivative liability, measurement input | 1.34 | |
Measurement Input, Price Volatility [Member] | Minimum [Member] | ||
Derivative [Line Items] | ||
Derivative liability, measurement input | 1.60 | |
Measurement Input, Price Volatility [Member] | Maximum [Member] | ||
Derivative [Line Items] | ||
Derivative liability, measurement input | 3.02 | |
Measurement Input, Expected Dividend Rate [Member] | ||
Derivative [Line Items] | ||
Derivative liability, measurement input | ||
Measurement Input, Risk Free Interest Rate [Member] | ||
Derivative [Line Items] | ||
Derivative liability, measurement input | 0.59 | |
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | ||
Derivative [Line Items] | ||
Derivative liability, measurement input | 0.0004 | |
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | ||
Derivative [Line Items] | ||
Derivative liability, measurement input | 0.0124 |
DERIVATIVE LIABILITIES (Details
DERIVATIVE LIABILITIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||
Derivative loss | $ 178,398 | $ 57,883 | $ 363,654 |
SCHEDULE OF NOTES PAYABLE (Deta
SCHEDULE OF NOTES PAYABLE (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | ||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 3,851,517 | $ 3,968,491 | |
Less debt discount and debt issuance cost | (317,931) | (476,727) | |
Promissory notes payable | 3,533,586 | 3,491,766 | |
Less current portion of Promissory notes payable | 1,799,147 | 1,720,777 | |
Long-term Promissory notes payable | 1,734,439 | 1,770,989 | |
Economic Injury Disaster Loan - Originated In May 2020 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | [1],[2] | 500,000 | $ 500,000 |
Debt Instrument, Term | [1],[2] | 30 years | |
Interest Rate | [1],[2] | 3.75% | |
Promissory Note - Originated In September 2020 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | 35,319 | $ 50,456 | |
Debt Instrument, Term | 36 months | ||
Interest Rate | 14% | ||
Debt Instrument, Periodic Payment | $ 2,873.89 | ||
Promissory Note - Originated In December 2020 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | 24,543 | $ 33,039 | |
Debt Instrument, Term | 36 months | ||
Interest Rate | 8% | ||
Debt Instrument, Periodic Payment | $ 1,854.41 | ||
Promissory Note - Originated In January 2021 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | 35,413 | $ 48,583 | |
Debt Instrument, Term | 36 months | ||
Interest Rate | 18% | ||
Debt Instrument, Periodic Payment | $ 2,675.89 | ||
Promissory Note - Originated In February 2021 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | [3] | 1,305,374 | $ 1,328,848 |
Debt Instrument, Term | [3] | 5 years | |
Interest Rate | [3] | 4% | |
Promissory Note - Originated In April 2021 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | 693,333 | $ 832,000 | |
Debt Instrument, Term | [2] | 1 year | |
Interest Rate | 12% | ||
Promissory Note - Originated In July 2021 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | 282,000 | $ 282,000 | |
Debt Instrument, Term | [2] | 1 year | |
Interest Rate | 12% | ||
Promissory Note - Originated In September 2021 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | 49,621 | $ 55,576 | |
Debt Instrument, Term | 60 months | ||
Interest Rate | 28% | ||
Debt Instrument, Periodic Payment | $ 1,383.56 | ||
Promissory Note - Originated In December 2021 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 406,300 | ||
Interest Rate | 49% | ||
Debt Instrument, Periodic Payment | $ 20,050 | ||
Promissory Note - Originated In December 2021 One [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 241,716 | ||
Interest Rate | 4.94% | ||
Debt Instrument, Periodic Payment | $ 10,071.45 | ||
Promissory Note - Originated In December 2021 Two [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 189,975 | ||
Interest Rate | 7% | ||
Debt Instrument, Periodic Payment | $ 2,793.75 | ||
Promissory Note - Originated In March 2022 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 233,980 | ||
Interest Rate | 49% | ||
Debt Instrument, Periodic Payment | $ 20,995 | ||
Promissory Note Originated in March 2022 One [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 62,357 | ||
Interest Rate | 15% | ||
Debt Instrument, Periodic Payment | $ 642.86 | ||
Promissory Note Originated in April 2022 One [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 81,726 | ||
Debt Instrument, Term | 36 months | ||
Interest Rate | 16% | ||
Debt Instrument, Periodic Payment | $ 1,695.41 | ||
Promissory Note Originated in April 2022 Two [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 127,395 | ||
Interest Rate | 15% | ||
Debt Instrument, Periodic Payment | $ 2,235 | ||
Promissory Note Originated in April 2022 Three [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 68,913 | ||
Interest Rate | 5% | ||
Debt Instrument, Periodic Payment | $ 1,862.50 | ||
Promissory Note Originated in April 2022 Four [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 284,088 | ||
Interest Rate | 25% | ||
Debt Instrument, Periodic Payment | $ 7,250 | ||
Promissory Note Originated in June 2022 [Member] | |||
Short-Term Debt [Line Items] | |||
Promissory notes payable, Gross | $ 67,455 | ||
Interest Rate | 25% | ||
Debt Instrument, Periodic Payment | $ 1,873.75 | ||
[1]On February 12, 2021, we issued notes payable of $ 1,404,000 1,094,691 309,309 |
SCHEDULE OF NOTES PAYABLE (De_2
SCHEDULE OF NOTES PAYABLE (Details) (Parenthetical) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Feb. 12, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Notes Payable | ||||||
Note payable issued for settlement of License fee payable | $ 1,404,000 | |||||
License fee payable | $ 1,094,691 | |||||
Loss on settlement of debt | $ (227,501) | $ 309,309 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Short-Term Debt [Line Items] | ||
Interest expense | $ 113,693 | $ 57,209 |
Amortization of debt discount | 1,549,752 | 1,448,308 |
Repayment of notes payable | 1,957,492 | 2,734,275 |
Notes Payable, Other Payables [Member] | ||
Short-Term Debt [Line Items] | ||
Amortization of debt discount | 625,621 | 995,066 |
Proceeds from notes payables | 1,840,518 | 3,641,037 |
Debt discount | 654,065 | 1,066,393 |
Repayment of notes payable | $ 1,957,492 | $ 2,734,275 |
SCHEDULE OF WARRANTS ACTIVITY (
SCHEDULE OF WARRANTS ACTIVITY (Details) | 6 Months Ended |
Jun. 30, 2022 $ / shares shares | |
Equity [Abstract] | |
Warrants Outstanding Beginning balance, Shares | shares | 146,842 |
Warrants Outstanding Beginning balance, Weighted Average Exercise Price | $ / shares | $ 27.86 |
Warrants Granted, Shares | shares | 19,166 |
Warrants Granted, Weighted Average Exercise Price | $ / shares | $ 6 |
Warrants Exercised, Shares | shares | (7,567) |
Warrants Exercised, Weighted Average Exercise Price | $ / shares | |
Warrants Forfeited/canceled, Shares | shares | |
Warrants Forfeited/canceled, Weighted Average Exercise Price | $ / shares | |
Warrants Outstanding Ending balance, Shares | shares | 158,441 |
Warrants Outstanding Ending balance, Weighted Average Exercise Price | $ / shares | $ 22.07 |
SCHEDULE OF OUTSTANDING AND EXE
SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS (Details) - $ / shares | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 158,441 | 146,842 |
Weighted Average Remaining Contractual life, Warrants Outstanding | 4 years 4 months 17 days | |
Weighted Average Exercise Price, Warrants Outstanding | $ 22.07 | |
Warrant One [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 6,250 | |
Weighted Average Remaining Contractual life, Warrants Outstanding | 3 years 5 months 12 days | |
Weighted Average Exercise Price, Warrants Outstanding | $ 160 | |
Warrant Two [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 6,934 | |
Weighted Average Remaining Contractual life, Warrants Outstanding | 3 years 9 months 21 days | |
Weighted Average Exercise Price, Warrants Outstanding | $ 120 | |
Warrant Three [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 15,666 | |
Weighted Average Remaining Contractual life, Warrants Outstanding | 4 years 29 days | |
Weighted Average Exercise Price, Warrants Outstanding | $ 36 | |
Warrant Four [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 2,917 | |
Weighted Average Remaining Contractual life, Warrants Outstanding | 4 years 3 months | |
Weighted Average Exercise Price, Warrants Outstanding | $ 36 | |
Warrant Five [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 32,837 | |
Weighted Average Remaining Contractual life, Warrants Outstanding | 4 years 3 months 21 days | |
Weighted Average Exercise Price, Warrants Outstanding | $ 9.88 | |
Warrant Six [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 74,671 | |
Weighted Average Remaining Contractual life, Warrants Outstanding | 4 years 5 months 23 days | |
Weighted Average Exercise Price, Warrants Outstanding | $ 7.44 | |
Warrant Seven [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of shares,Warrants Outstanding | 19,166 | |
Weighted Average Remaining Contractual life, Warrants Outstanding | 4 years 10 months 9 days | |
Weighted Average Exercise Price, Warrants Outstanding | $ 6 |
CAPITAL STOCK AND REVERSE STO_3
CAPITAL STOCK AND REVERSE STOCK SPLIT (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Mar. 07, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Class of Stock [Line Items] | ||||||
Reverse stock split | 1-for-8 | |||||
Common stock par value | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||
Preferred stock, shares authorized | 337,500 | 337,500 | 337,500 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | |||
Stock issued during period, value | $ 846,801 | |||||
Accrued dividend | $ 5,492 | $ 104,631 | 9,441 | |||
Amortization of debt discount | $ 1,549,752 | $ 1,448,308 | ||||
Common Stock, Shares Authorized | 125,000,000 | 125,000,000 | 125,000,000 | |||
Common Stock, Voting Rights | All shares have equal voting rights, are non-assessable, and have one vote per share. | |||||
Shares issued upon exercise of warrant | 6,631 | |||||
Asset purchase agreement consideration shares | 380,952 | |||||
Common stock, shares issued | 954,561 | 954,561 | 122,044 | |||
Common stock, shares outstanding | 954,561 | 954,561 | 122,044 | |||
Warrants exercised with cashless | 7,567 | |||||
Common stock issued | 6,631 | 6,631 | ||||
Promissory Note [Member] | ||||||
Class of Stock [Line Items] | ||||||
CoShares issued as loan fee | 18,170 | |||||
Common Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Conversion of stock, shares converted | 108,000 | |||||
Shares issued during the period, new issues | 83,336 | |||||
Stock issued during period, value | $ 83 | |||||
Stock issued for conversion of debt | 151,200 | 165,273 | 101,748 | |||
Shares issued for service | 153,491 | 153,491 | ||||
Common stock, shares issued | 954,561 | 954,561 | 122,044 | |||
Common stock, shares outstanding | 954,561 | 954,561 | 122,044 | |||
Common Stock [Member] | Convertible Debt [Member] | ||||||
Class of Stock [Line Items] | ||||||
Stock issued for conversion of debt | 165,273 | |||||
Series A Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred stock, shares authorized | 150,000 | 150,000 | 150,000 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | |||
CoShares issued as loan fee | 1,000 | |||||
Preferred stock, voting rights | entitled to vote 15,000 shares of common stock on all matters submitted to a vote by shareholders voting common stock. | |||||
Preferred stock, shares issuable | 108 | 108 | ||||
Preferred stock, shares issued | 149,892 | 149,892 | 150,000 | |||
Preferred stock, shares outstanding | 149,892 | 149,892 | 150,000 | |||
Series A Preferred Stock [Member] | Common Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Stock conversion, shares issued | 108,000 | |||||
Series B Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred stock, shares authorized | 80,000 | 80,000 | 80,000 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | |||
Preferred stock, shares issued | 0 | 0 | 29,750 | |||
Preferred stock, shares outstanding | 0 | 0 | 29,750 | |||
Preferred stock, description | Each share of Series B (i) has a stated value of Ten Dollars ($10.00) per share; (ii) is convertible into Common Stock at a price per share equal to sixty one percent (61%) of the lowest price for our Common Stock during the twenty (20) days of trading preceding the date of the conversion; (iii) earns dividends at the rate of nine percent (9%) per annum; and, (iv) has no voting rights. | |||||
Shares issued during the period, new issues | 7,875 | |||||
Stock issued during period, value | $ 78,750 | |||||
Financing fees | $ 3,750 | $ 3,750 | ||||
Shares redeemed, shares | 37,625 | |||||
Shares redeemed, value | $ 487,730 | |||||
Accrued dividend | 104,631 | |||||
Amortization of debt discount | $ 22,439 |
SCHEDULE OF STOCK OPTION ACTIVI
SCHEDULE OF STOCK OPTION ACTIVITY (Details) - Employees Consultants and Advisors [Member] | 6 Months Ended |
Jun. 30, 2022 $ / shares shares | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |
Options Outstanding, Balance Beginning | shares | 2,121 |
Weighted-Average Exercise Price, Balance Beginning | $ / shares | $ 467.76 |
Options Outstanding, Grants | shares | |
Weighted-Average Exercise Price, Grants | $ / shares | |
Options Outstanding, Exercised | shares | |
Weighted-Average Exercise Price, Exercised | $ / shares | |
Options Outstanding, Cancelled | shares | (1,092) |
Weighted-Average Exercise Price, Cancelled/expired | $ / shares | $ 134.40 |
Options Outstanding, Balance Ending | shares | 1,029 |
Weighted-Average Exercise Price, Balance Ending | $ / shares | $ 481.46 |
SCHEDULE OF STOCK OPTIONS VESTE
SCHEDULE OF STOCK OPTIONS VESTED AND EXPECTED TO VEST (Details) | 6 Months Ended |
Jun. 30, 2022 $ / shares shares | |
Equity [Abstract] | |
Number of Options, Outstanding | shares | 1,029 |
Weighted-Average Remaining Contractual Life (In Years), Outstanding | 8 years 4 months 20 days |
Weighted-Average Exercise Price, Outstanding | $ / shares | $ 481.46 |
Number of Options, Exercisable | shares | 585 |
Weighted-Average Remaining Contractual Life (In Years), Exercisable | 8 years 2 months 23 days |
Weighted-Average Exercise Price, Exercisable | $ / shares | $ 735.99 |
Number of Options, Expected to vest | shares | 444 |
Weighted-Average Remaining Contractual Life (In Years), Expected to vest | 8 years 6 months 3 days |
Weighted-Average Exercise Price, Expected to vest | $ / shares | $ 303.82 |
SCHEDULE OF RESTRICTED STOCK AC
SCHEDULE OF RESTRICTED STOCK ACTIVITY (Details) - Restricted Stock [Member] | 6 Months Ended |
Jun. 30, 2022 $ / shares shares | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Number of Restricted Stock, Balance Beginning | shares | 1,370 |
Weighted-Average Fair Value of Restricted Stock, Balance Beginning | $ / shares | $ 639.22 |
Number of Restricted Stock, Shares of restricted stock granted | shares | |
Weighted-Average Fair Value of Restricted Stock, Shares of restricted stock granted | $ / shares | |
Number of Restricted Stock, Exercised | shares | |
Weighted-Average Fair Value of Restricted Stock, Exercised | $ / shares | |
Number of Restricted Stock, Cancelled | shares | |
Weighted-Average Fair Value of Restricted Stock, Cancelled | $ / shares | |
Number of Restricted Stock, Balance Ending | shares | 1,370 |
Weighted-Average Fair Value of Restricted Stock, Balance Ending | $ / shares | $ 639.22 |
SCHEDULE OF RESTRICTED STOCK AW
SCHEDULE OF RESTRICTED STOCK AWARD (Details) - Restricted Stock [Member] - shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Number of Restricted Stock Awards, Vested | 1,370 | 1,370 |
Number of Restricted Stock Awards, Non-vested |
SHARE-BASED COMPENSATION (Detai
SHARE-BASED COMPENSATION (Details Narrative) - Stock Options [Member] - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Option Indexed to Issuer's Equity [Line Items] | ||
Vesting term | one-year anniversary date of the grant | |
Unrecognized compensation cost | $ 67,833 | $ 381,547 |
Maximum [Member] | ||
Option Indexed to Issuer's Equity [Line Items] | ||
Share-based compensation, expiration term | 10 years |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Sep. 16, 2019 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Notes payable | $ 3,533,586 | $ 3,533,586 | $ 3,491,766 | ||
Due to related party | 277,033 | 277,033 | 247,366 | ||
Repayment of notes payable | 1,957,492 | $ 2,734,275 | |||
Cash | 1,204,933 | ||||
Chief Executive Officer [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Cash | 116,238 | 116,238 | |||
Repayment of debt | 86,571 | ||||
Asset Purchase Agreement [Member] | DMB Group LLC [Member] | |||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||
Notes payable | 0 | $ 0 | $ 123,745 | $ 940,000 | |
Due to related party | $ 97,689 | ||||
Repayment of notes payable | 124,985 | ||||
Interest expenses | $ 1,240 |