Ryvyl (RVYL) 10-Q 15 Nov 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 09, 2021
Document Information Line Items
Entity Registrant Name	GREENBOX POS
Trading Symbol	GBOX
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		43,179,241
Amendment Flag	false
Entity Central Index Key	0001419275
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-34294
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	22-3962936
Entity Address, Address Line One	3131 Camino Del Rio North, Suite 1400
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92108
City Area Code	619
Local Phone Number	-631-8261
Title of 12(b) Security	Common Stock, $0.001 par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 29,707,254	$ 0
Restricted cash	0	1,832,735
Accounts receivable, net of allowance for bad debt of $288,764 and $0, respectively	229,346	10,000
Accounts receivable from fines and penalties from merchants, net of allowance for bad debt of $6,665,031	2,789,231	2,789,230
Inventory	177,779	0
Cash due from gateways, net	19,418,353	7,303,949
Prepaid and other current assets	260,963	70,130
Total current assets	52,582,926	12,006,044
Non-current Assets:
Property and equipment, net	1,630,379	57,264
Other assets	197,954	81,636
Goodwill	6,049,487	0
Intangible Assets, net	7,992,432	0
Operating lease right-of-use assets, net	668,865	117,795
Total non-current assets	16,539,117	256,695
Total assets	69,122,043	12,262,739
Current Liabilities:
Accounts payable	801,598	210,094
Other current liabilities	3,583,956	68,138
Payment processing liabilities, net	6,634,457	10,199,956
Note payable, payroll protection plan loan	272,713	272,713
Short-term notes payable, net of debt discount of…	3,448	0
Convertible debt, net of debt discount of $0 and $2,993,408, respectively	0	856,592
Current portion of operating lease liabilities	375,488	120,110
Total current liabilities	11,671,660	11,727,603
Long term liabilities	645,131	149,900
Operating lease liabilities, less current portion	294,490	0
Total liabilities	12,611,281	11,877,503
Commitments and contingencies
Stockholders' Equity:
Common stock, par value $0.001, 82,500,000 shares authorized, shares issued and outstanding of 42,865,022 and 30,275,023, respectively.	42,865	30,711
Additional paid-in capital	90,290,826	12,079,074
Accumulated deficit	(31,143,296)	(11,724,549)
Less: Treasury stock, at cost; 300,000 and 0 shares, respectively	(2,679,633)	0
Total stockholders' equity	56,510,762	385,236
Total liabilities and stockholder's equity	$ 69,122,043	$ 12,262,739

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, allowance for bad debt (in Dollars)	$ 288,764	$ 0
Accounts receivable from fines and penalties from merchants, allowance for bad debt (in Dollars)	6,665,031	6,665,031
Convertible debt, debt discount (in Dollars)	$ 0	$ 2,993,408
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	82,500,000	82,500,000
Common stock shares issued	42,865,022	30,275,023
Common stock, shares outstanding	42,865,022	30,275,023
Treasury stock, shares	300,000	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue	$ 8,045,469	$ 3,056,271	$ 19,174,089	$ 5,536,335
Cost of Goods Sold	2,420,748	1,845,295	5,337,999	3,504,283
Gross Profit	5,624,721	1,210,976	13,836,090	2,032,052
Operating expenses:
Advertising and marketing	37,179	59,099	84,509	86,368
Research and development	1,043,385	243,923	2,504,976	798,157
General and administrative	784,158	366,734	1,648,383	613,156
Payroll and payroll taxes	1,250,451	436,216	2,871,581	1,279,174
Professional fees	789,772	344,641	2,114,996	852,234
Stock compensation for employees	3,777,572		5,867,072	162,633
Stock compensation for services	238,238	0	10,418,996	4,130
Depreciation and amortization	457,633	5,764	477,886	16,856
Total operating expenses	8,378,388	1,456,377	25,988,399	3,645,945
Income (Loss) from operations	(2,753,667)	(245,401)	(12,152,309)	(1,613,893)
Other income (expense):
Interest expense	(4,736)	(48,931)	(598,994)	(372,553)
Interest expense - debt discount	0	(83,500)	(2,993,408)	(121,918)
Derivative expense	0	(925,576)	0	(925,576)
Changes in fair value of derivative liability	0	819,366	0	(383,769)
Gain from extinguishment of convertible debt	0	0	0	2,630,795
Merchant liability settlement	0	0	(364,124)	0
Other income or expense	(37,497)	(5,768)	(56,057)	(2,434)
Total other expense, net	(42,233)	(244,409)	(4,012,583)	824,545
Income (Loss) before provision for income taxes	(2,795,900)	(489,810)	(16,164,892)	(789,348)
Income tax provision	3,253,855	0	3,253,855	0
Net Income (loss)	$ (6,049,755)	$ (489,810)	$ (19,418,747)	$ (789,348)
Earnings (loss) per share:
Basic and diluted (in Dollars per share)	$ (0.14)	$ (0.02)	$ (0.49)	$ (0.03)
Weighted average number of common shares outstanding:
Basic and diluted (in Shares)	42,065,842	29,488,393	39,949,732	29,488,393

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)	Common Stock [Member]Interest Expense [Member]	Common Stock [Member]Non-cash stock option exercise [Member]	Common Stock [Member]Settlement of Note Payable [Member]	Common Stock [Member]Issuance of Common Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]Interest Expense [Member]	Additional Paid-in Capital [Member]Non-cash stock option exercise [Member]	Additional Paid-in Capital [Member]Settlement of Note Payable [Member]	Additional Paid-in Capital [Member]Issuance of Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Common Stock to be Issued [Member]	Interest Expense [Member]	Settlement of Note Payable [Member]	Issuance of Common Stock [Member]	Total
Balance at Dec. 31, 2019					$ 28,310						$ 1,321,404	$ (6,717,169)	$ 116				$ (5,367,339)
Balance (in Shares) at Dec. 31, 2019					28,310,489								115,854
Common stock issued for services				$ 10						$ 4,120						$ 4,130
Common stock issued for services (in Shares)				9,833
Common stocks - issued donation					$ 17						7,983						8,000
Common stocks - issued donation (in Shares)					16,667
Common stock issued for non-cash stock option exercise					$ 83						32,417						32,500
Common stock issued for non-cash stock option exercise (in Shares)					83,333
Stock compensation expense											162,633						162,633
Purchases of treasury stock					$ (1,000)						(809,000)						(810,000)
Purchases of treasury stock (in Shares)					(1,000,000)
Other adjustments											116		$ (116)
Other adjustments (in Shares)													(115,854)
Common stock issued upon conversion of note payable			$ 1,855		$ 1,000				$ 213,695		809,000				$ 215,550		810,000
Common stock issued upon conversion of note payable (in Shares)			1,854,701		1,000,000
Net income (loss)												(789,348)					(789,348)
Balance at Sep. 30, 2020					$ 30,275						1,742,368	(7,506,517)					(5,733,874)
Balance (in Shares) at Sep. 30, 2020					30,275,023
Balance at Jun. 30, 2020					$ 30,192						1,547,318	(7,016,707)					(5,439,197)
Balance (in Shares) at Jun. 30, 2020					30,191,690
Common stock issued for non-cash stock option exercise					$ 83						32,417						32,500
Common stock issued for non-cash stock option exercise (in Shares)					83,333
Stock compensation expense											162,633						162,633
Purchases of treasury stock					$ (1,000)						(809,000)						(810,000)
Purchases of treasury stock (in Shares)					(1,000,000)
Common stock issued upon conversion of note payable					$ 1,000						809,000						810,000
Common stock issued upon conversion of note payable (in Shares)					1,000,000
Net income (loss)												(489,810)					(489,810)
Balance at Sep. 30, 2020					$ 30,275						1,742,368	(7,506,517)					(5,733,874)
Balance (in Shares) at Sep. 30, 2020					30,275,023
Balance at Dec. 31, 2020					$ 30,711						12,079,074	(11,724,549)					$ 385,236
Balance (in Shares) at Dec. 31, 2020					30,710,645												30,275,023
Common stock issued for services					$ 709						10,427,127						$ 10,427,836
Common stock issued for services (in Shares)					709,037
Common stock issued for non-cash stock option exercise		$ 70			$ 19			$ (70)			2,231						$ 2,250
Common stock issued for non-cash stock option exercise (in Shares)		70,112			18,717												146,278
Issuances of common stock, net of issuance costs					$ 4,773						45,800,718						$ 45,805,491
Issuances of common stock, net of issuance costs (in Shares)					4,772,500
Issuance of common stock					$ 1,172						(1,172)
Issuance of common stock (in Shares)					1,171,849
Issuances of common stock from previous unregistered shares					$ 703						(703)
Issuances of common stock from previous unregistered shares (in Shares)					703,276
Issuances of common stock for acquisition of ChargeSavvy					$ 1,000						12,139,000						12,140,000
Issuances of common stock for acquisition of ChargeSavvy (in Shares)					1,000,000
Stock compensation expense											5,867,073						5,867,073
Payment for previous common stock repurchased under treasury method											(4,194,000)						(4,194,000)
Purchases of treasury stock					$ (300)	$ (2,679,633)											(2,679,933)
Purchases of treasury stock (in Shares)					(300,000)
Common stock and warrants issuable forfeited					$ 1,884						3,729,316						3,731,200
Common stock and warrants issuable forfeited (in Shares)					1,884,445
Common stock issued upon conversion of note payable	$ 97				$ 1,944		$ 594,258				3,848,056			$ 594,355			3,850,000
Common stock issued upon conversion of note payable (in Shares)	96,664				1,944,444
Common shares issued for restricted shares to executive					$ 83						(83)
Common shares issued for restricted shares to executive (in Shares)					83,333
Net income (loss)												(19,418,747)					(19,418,747)
Balance at Sep. 30, 2021					$ 42,865	(2,679,633)					90,290,826	(31,143,296)					$ 56,510,762
Balance (in Shares) at Sep. 30, 2021					42,865,022												42,865,022
Balance at Jun. 30, 2021					$ 42,327	(933,343)					73,916,018	(25,093,541)					$ 47,931,461
Balance (in Shares) at Jun. 30, 2021					42,236,219
Exercise of warrants - common stocks issued from issuable					$ 107						211,094						211,201
Exercise of warrants - common stocks issued from issuable (in Shares)					106,667
Common stock issued for services					$ 252						164,660						164,912
Common stock issued for services (in Shares)					251,998
Common stock issued for non-cash stock option exercise					$ 13						(13)
Common stock issued for non-cash stock option exercise (in Shares)					13,217
Issuances of stock to board members for services					$ 9						82,495						82,504
Issuances of stock to board members for services (in Shares)					8,935
Issuances of common stock for acquisition of ChargeSavvy					$ 1,000						12,139,000						12,140,000
Issuances of common stock for acquisition of ChargeSavvy (in Shares)					1,000,000
Stock compensation expense											3,777,572						3,777,572
Correction of number of shares issued and outstanding due to incorrect common stock split					$ (843)												(843)
Correction of number of shares issued and outstanding due to incorrect common stock split (in Shares)					(542,014)
Purchases of treasury stock						(1,746,290)											(1,746,290)
Purchases of treasury stock (in Shares)					(210,000)
Net income (loss)												(6,049,755)					(6,049,755)
Balance at Sep. 30, 2021					$ 42,865	$ (2,679,633)					$ 90,290,826	$ (31,143,296)					$ 56,510,762
Balance (in Shares) at Sep. 30, 2021					42,865,022												42,865,022

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parentheticals)	9 Months Ended
	Sep. 30, 2021USD ($)
Retained Earnings [Member]
Issuances of common stock, issuance costs	$ 4,305,758

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net loss	$ (19,418,747)	$ (789,348)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation expense	477,886	16,856
Noncash lease expense	(1,202)	(966)
Stock compensation expense	5,867,072	162,633
Common stocks issued for professional fees	10,418,996	4,130
Common stocks - issued donation	0	8,000
Proceeds from exercise of stock options	2,250	32,500
Stock compensation issued for interest	598,994	0
Interest expense - debt discount	2,993,408	121,918
Derivative expense	0	925,576
Gain (loss) on extinguishment of debt	0	(2,630,795)
Changes in fair value of derivative liability	0	383,769
Changes in assets and liabilities:
Other receivable, net	(154,556)	47,714
Inventory	(53,278)	0
Prepaid and other current assets	(184,172)	(34,878)
Cash due from gateways, net	(12,114,404)	3,124,085
Other assets	679,558	(70,000)
Accounts payable	370,487	220,465
Other current liabilities	3,384,258	32,107
Accrued interest	0	(286,461)
Payment processing liabilities, net	(6,898,339)	(1,397,810)
Net cash provided by (used in) operating activities	(14,034,039)	(130,505)
Cash flows from investing activities:
Purchases of property and equipment	(97,818)	(12,332)
Acquisition of Northeast	(2,500,000)	0
Net cash used in investing activities	(2,597,818)	(12,332)
Cash flows from financing activities:
Treasury stock repurchase	(2,679,633)	0
Proceeds from stock option exercises	2,250	32,500
Borrowings from convertible debt	0	178,000
Repayments on convertible debt	0	(670,000)
Borrowings from notes payable	350,000	1,954,480
Principal payments on notes payable	0	(1,147,919)
Proceeds from exercise of warrant	3,731,200	0
Repurchase of common stock from stockholder	(4,194,000)	(810,000)
Proceeds from issuance of common stock	45,805,491	0
Net cash provided by (used in) financing activities	43,015,308	(495,439)
Cash acquired from acquisition of Northeast and ChargeSavvy	1,491,068	0
Net increase in cash, cash equivalents, and restricted cash	27,874,519	(638,276)
Cash, cash equivalents, and restricted cash – beginning of period	1,832,735	763,110
Cash, cash equivalents, and restricted cash – end of period	29,707,254	124,834
Cash paid during the period for:
Interest	4,639	575,014
Income taxes	800	800
Non-cash financing and investing activities:
Convertible debt conversion to common stock	3,850,000	137,500
Common stock issued for acquisition of ChargeSavvy	12,140,000	0
Interest accrual from convertible debt converted to common stock	594,355	78,050
Short-term notes payable converted to common stock	$ 0	$ 810,000

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Organization GreenBox POS (the “Company” or “PubCo”) is a tech company formed with the intent of developing, marketing and selling innovative blockchain-based payment solutions, which the Company believes will cause favorable disruption in the payment solutions marketplace. The Company’s core focus is to develop and monetize disruptive blockchain-based applications, integrated within an end-to-end suite of financial products, capable of supporting a multitude of industries. The Company’s proprietary, blockchain-based systems are designed to facilitate, record and store a virtually limitless volume of tokenized assets, representing cash or data, on a secured, immutable blockchain-based ledger. The Company was formerly known as ASAP Expo, Inc (“ASAP”), and was incorporated in the state of Nevada on April 10, 2007. On January 4, 2020, PubCo and GreenBox POS LLC, a Washington limited liability company (“PrivCo”), entered into an Asset Purchase Agreement (the “Agreement”), to memorialize a verbal agreement (the “Verbal Agreement”) entered into on April 12, 2018, by and among PubCo (the Buyer) and PrivCo (the Seller). On April 12, 2018, pursuant to the Verbal Agreement, PubCo acquired PrivCo’s blockchain gateway and payment system business, point of sale system business, delivery business and kiosk business, bank and merchant accounts, as well as all intellectual property related thereto (the “GreenBox Business”). As consideration for the GreenBox Business, on April 12, 2018, PubCo assumed PrivCo’s liabilities that had been incurred in the normal course of the GreenBox Business (the “GreenBox Acquisition”). For accounting and reporting purposes, PubCo deemed the GreenBox Acquisition a “Reverse Acquisition” with PrivCo designated the “accounting acquirer” and PubCo designated the “accounting acquiree.” On May 21, 2021, the Company acquired all of the outstanding stock of Northeast Merchant Systems, Inc. (“Northeast”) in a transaction treated as a business combination. Northeast is a merchant services company providing merchant credit card processing through their own Bank Identification Number (BIN) with the acquiring bank Merrick. This involves inside operations for new merchants that include sales assistance and applications processing, underwriting, and onboarding; inside operations for existing merchants include risk monitoring and customer service. Outside operations include: equipment service or replacement; sales calls and applications, site inspections and identity verification; security verification; and on-site customer service and technical support. On July 13, 2021 (the “Closing Date”), GreenBox POS (the “Company”) entered into and closed on a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Charge Savvy LLC, an Illinois limited liability company (“Charge Savvy”), and Charge Savvy’s three members (collectively, the “Sellers”). As a result of the Purchase Agreement, the Company purchased all of Charge Savvy’s issued and outstanding membership interests from the Sellers and Charge Savvy became a wholly owned subsidiary of the Company. Although the Purchase Agreement is dated July 9th, it was entered into and closed on July 13th.The purchase price under the Purchase Agreement for the all-stock transaction consisted of 1,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) being issued and delivered to Sellers in proportion to the Sellers’ share of their membership interests in Charge Savvy. The share price at issuance was $12.14. Charge Savvy is a global Fintech company that specializes on developing software and providing payment processing and point of sale services to the merchant services industry. Charge Savvy also owns an approximately 61,000 square foot office building located in Chicago, Illinois where it is headquartered. Name Change On May 3, 2018, PubCo formally changed its name to GreenBox POS LLC, then subsequently changed its name to GreenBox POS on December 13, 2018. Unless the context otherwise requires, all references to “the Company,” “we,” “our”, “us” and “PubCo” refer to GreenBox POS. Unless the context otherwise requires, all references to “PrivCo” or the “Private Company” refer to GreenBox POS LLC, a limited liability company, formed in the state of Washington. Basis of Presentation and Consolidation The accompanying interim consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. All intercompany transactions and balances have been eliminated in the accompanying consolidated financial statements. Unaudited Interim Financial Information Certain information and footnote disclosures normally included in the Company’s annual audited financial statements and accompanying notes have been condensed or omitted in these accompanying interim consolidated financial statements and footnotes. Accordingly, the accompanying interim consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s annual report on Form 10-K for the year ended December 31, 2020.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The results of operations presented in this quarterly report on Form 10-Q are not necessarily indicative of the results of operations that may be expected for any future periods. In the opinion of management, these unaudited consolidated financial statements include all adjustments and accruals, consisting only of normal, recurring adjustments that are necessary for a fair statement of the results of all interim periods reported herein. COVID-19 considerations In December 2019, a novel strain of coronavirus (“COVID-19”) was identified and the disease has since spread across the world. In March 2020, the World Health Organization declared COVID-19 a pandemic. The COVID-19 pandemic has negatively impacted the global economy, disrupted global supply chains, and created significant volatility and disruption in the financial and capital markets. The full extent to which the COVID-19 outbreak will impact the Company’s business, results of operations, financial condition and cash flows will depend on future developments that are highly uncertain and cannot be predicted, including new information that may emerge concerning COVID-19 and the actions to contain or treat its impact and the economic impact and the economic impact on local, regional, national and international markets. As the COVID-19 pandemic continues, the Company’s results of operations, financial condition and cash flows may be materially adversely affected, particularly if the pandemic persists for a significant period of time. On March 27, 2020 , Use of Estimates The preparation of financial statements in conformity with the GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Cash Due from Gateways and Payment Processing Liabilities The Company’s primary source of revenues is payment processing services for its merchant clients. When such merchant makes a sale, the process of receiving the payment card information, engaging the banks for transferring the proceeds to the merchant’s account via digital gateways, and recording the transaction on a blockchain ledger are the activities for which the Company gets to collect fees. In 2021 and 2020 the Company utilized several gateways. The gateways have strict guidelines pertaining to scheduling of the release of funds to merchants based on several criteria, such as return and chargeback history, associated risk for the specific business vertical, average transaction amount and so on. In order to mitigate processing risks, these policies determine reserve requirements and payment in arrears strategy. While reserve and payment in arrears restrictions are in effect for a merchant payout, the Company records gateway debt against these amounts until released. Therefore, the total Cash due from gateways on the unaudited consolidated balance sheets represents the amount owed to the Company for processing. Research and Development Costs Research and development costs, which are expensed as incurred, are primarily comprised of costs and expenses for salaries and benefits for research and development personnel, outsourced contract services, and supplies and materials costs. Revenue Recognition Revenue is recognized upon transfer of control of promised goods or services to the Company’s customers or when the Company satisfies any performance obligations under contract. The amount of revenue reflects the consideration the Company expects to be entitled to in exchange for the respective goods or services provided. Further, under Accounting Standards Codification 606, “ Revenue from Contracts with Customers , The Company’s primary revenue source is generated from payment processing services. Payment processing services revenue is based on a percentage of each transaction’s value and/or upon fixed amounts specified per each transaction or service and is recognized as such transactions or services are performed, at a point in time. Fair Value of Financial Instruments The Company assesses the fair value of financial instruments based on the provisions of ASC 820, Fair Value Measurement The standard describes three levels of inputs that may be used to measure fair value: Level 1- Quoted prices in active markets for identical assets or liabilities. Level 2- Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3- Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following table describes the valuation techniques used to calculate the fair value for assets in Level 3. The significant unobservable input used in the fair value measurement of the Company’s identifiable intangible assets is discount rate. The change in this input could result in a change of fair value measurement: Fair Value at May 21, 2021 Valuation Technique Unobservable Input Range Customer Relationship $ 276,583 Multiple-period excess earnings method Discount rate 15.90 % Fair Value at July 13, 2021 Valuation Technique Unobservable Input Range Customer Relationship $ 5,543,612 Multiple-period excess earnings method Discount rate 55.70 % Business Technology/IP $ 2,611,088 Royalty relief method Discount rate 53.70 % Goodwill and Other Intangible Assets The Company accounts for acquisitions of businesses in accordance with the acquisition method. Goodwill represents the excess of the purchase price of acquired businesses over the fair value of the identifiable assets acquired and liabilities assumed. Acquisition costs are expensed as incurred. Goodwill and other intangible assets acquired in a business combination determined to have an indefinite useful life are generally not amortized, but instead are tested for impairment at least annually and more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. Other intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values. Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever management believes that events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. To the extent that the carrying value is determined to be unrecoverable, an impairment loss is recognized through a charge to expense. As of December 31, 2020, the Company does not believe that impairment indicators are present, and accordingly, based on this assessment, no further impairment analysis was performed. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net of operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. As of September 30, 2021, we have no material unrecognized tax benefits, and we expect no material unrecognized tax benefits for the next 12 months. Earnings Per Share A basic earnings per share is computed by dividing net income to common stockholders by the weighted average number of shares outstanding for the year. Dilutive earnings per share include the effect of any potentially dilutive debt or equity under the treasury stock method, if including such instruments is dilutive. The Company’s diluted earnings/loss per share is the same as the basic earnings/loss per share for the three and nine months ended September 30, 2021 and 2020, as there are no potential shares outstanding other than options that would have a dilutive effect. Reverse Common Stock Split (1 for 6) On February 17, 2021, the Company effected a reverse stock split of the Company’s shares of common stock outstanding and a proportional decrease of the Company’s authorized shares of common stock at a ratio of one-for-six (the “Stock Split”). Following the Stock Split, the Company has 82,500,000 shares of common stock authorized (the number of authorized shares of Preferred Stock remains 5,000,000). As a result, common shares information has been retrospectively restated accordingly in the financial statements as of and for the three and nine months ended September 30, 2020. Recently Adopted Accounting Updates In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. This standard removes, modifies, and adds certain disclosure requirements for fair value measurements, and is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU No. 2018-13 in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the adoption did not have any impact to the Company’s financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company’s accounting for the service element of a hosting arrangement that is a service contract is not affected by the proposed amendments and will continue to be expensed as incurred in accordance with existing guidance. This standard does not expand on existing disclosure requirements except to require a description of the nature of hosting arrangements that are service contracts. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, and can be adopted either prospectively or retrospectively. Accordingly, the Company adopted the updated disclosure requirements of ASU No. 2018-15 prospectively in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the adoption did not have any impact to the Company’s financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes. This standard simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740, Income Taxes, while also clarifying and amending existing guidance, including interim-period accounting for enacted changes in tax law. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU No. 2019-12 in the first quarter of fiscal 2020 and the adoption did not have any impact to the Company’s financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848)—Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard provides optional guidance for a limited time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this standard apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The amendments in this standard are elective and are effective upon issuance for all entities. The Company is evaluating the expedients and exceptions provided by the amendments in this standard to determine their impact. Other recently issued accounting updates are not expected to have a material impact on the Company’s Interim Financial Statements.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. ACQUISITIONS On May 21, 2021, the Company acquired all the outstanding stock of Northeast Merchant Systems, Inc. (“Northeast”). Northeast is a merchant services company providing merchant credit card processing through their own Bank Identification Number (BIN) with the acquiring bank Merrick. This involves inside operations for new merchants that include sales assistance and applications processing, underwriting, and onboarding; inside operations for existing merchants include risk monitoring and customer service. Outside operations include: equipment service or replacement; sales calls and applications; site inspections and identity verification; security verification; and on-site customer service and technical support. Preliminary Purchase Price Allocation The acquisition qualified as a business combination and was accounted for using the acquisition method. Accordingly, the total fair value of consideration transferred of $2,500,000 for the acquisition was allocated to the net tangible, intangible and liabilities acquired using fair value estimates at the date of acquisition. The excess of the purchase price over the fair value of the net tangible and intangible assets acquired was allocated to goodwill, which is taxable. The following summarizes the estimated fair values of the net assets acquired: Tangible assets (liabilities): Net assets and liabilities $ (70,057 ) Intangible assets: Customer relationships 276,583 Goodwill 2,293,474 2,570,057 Total net assets acquired $ 2,500,000 The acquisition was funded through cash on hand, and there were no costs associated with the acquisition. The agreement also provides for a future additional contingent purchase price payment (earn-out) of $500,000, which is derived using the performance of Northeast and is based on a predetermined formula. The Company believes that is unlikely that the targets will be achieved and, accordingly, has not adjusted the purchase price or provided an accrual for this contingency. On July 13, 2021 (the “Closing Date”), GreenBox POS (the “Company”) entered into and closed on a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Charge Savvy LLC, an Illinois limited liability company (“Charge Savvy”), and Charge Savvy’s three members (collectively, the “Sellers”). As a result of the Purchase Agreement, the Company purchased all of Charge Savvy’s issued and outstanding membership interests from the Sellers and Charge Savvy became a wholly owned subsidiary of the Company. Although the Purchase Agreement is dated July 9th, it was entered into and closed on July 13th.The purchase price under the Purchase Agreement for the all-stock transaction consisted of 1,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) being issued and delivered to Sellers in proportion to the Sellers’ share of their membership interests in Charge Savvy. The share price at issuance was $12.14. Charge Savvy is a global Fintech company that specializes on developing software and providing payment processing and point of sale services to the merchant services industry. Charge Savvy also owns an approximately 61,000 square foot office building located in Chicago, Illinois where it is headquartered. Preliminary Purchase Price Allocation The acquisition qualified as a business combination and was accounted for using the acquisition method. Accordingly, the total fair value of consideration transferred of $12,140,000 for the acquisition was allocated to the net tangible, intangible and liabilities acquired using fair value estimates at the date of acquisition. The excess of the purchase price over the fair value of the net tangible and intangible assets acquired was allocated to goodwill, which is taxable. The following summarizes the estimated fair values of the net assets acquired: Tangible assets (liabilities): Net assets and liabilities $ (375,681 ) Land/Building 604,968 229,287 Intangible assets: Customer relationships 5,543,612 Business Technology/IP 2,611,088 Goodwill 3,756,013 11,910,713 Total net assets acquired $ 12,140,000

SETTLEMENT PROCESSING

SETTLEMENT PROCESSING	9 Months Ended
	Sep. 30, 2021
Settlement Processing [Abstract]
Settlement Processing [Text Block]	4. SETTLEMENT PROCESSING The Company’s proprietary blockchain-based technology serves as the settlement engine for all transactions within the Company’s ecosystem. The blockchain ledger provides a robust and secure platform to log immense volumes of immutable transactional records in real time. Generally speaking, blockchain is a distributed ledger that uses digitally encrypted keys to verify, secure and record details of each transaction conducted within an ecosystem. Unlike general blockchain-based systems, GreenBox uses proprietary, private ledger technology to verify every transaction conducted within the GreenBox ecosystem. The verification of transaction data comes from trusted partners, all of whom have been extensively vetted by us. GreenBox facilitates all financial elements of our closed-loop ecosystem and we act as the administrator for all related accounts. Using our TrustGateway technology, we seek authorization and settlement for each transaction from Gateways to the issuing bank responsible for the credit/debit card used in the transaction. When the Gateway settles the transaction, our TrustGateway technology composes a chain of blockchain instructions to our ledger manager system. When consumers use credit/debit cards to pay for transactions with merchants who use our ecosystem, the transaction starts with the consumer purchasing tokens from us. The issuance of tokens is accomplished when we load a virtual wallet with a token, which then transfers credits to the merchant’s wallet on a dollar for dollar basis, after which the merchant releases its goods or services to the consumer. These transfers take place instantaneously and seamlessly, allowing the transaction experience to seem like any other ordinary credit/debit card transaction to the consumer and merchant. While our blockchain ledger records transaction details instantaneously, the final cash settlement of each transaction can take days to weeks, depending upon contract terms between us and the gateways we use, between us and our ISOs, and between us and/or our ISOs and merchants who use our services. In the case where we have received transaction funds, but not yet paid a merchant or an ISO, we hold funds in either a trust account or as cash deemed restricted within our operating accounts. We record the total of such funds as Cash due from gateways, net – a Current Asset. Of these funds, we record the sum balance due to Merchants and ISOs as Payment processing liabilities, net – a Current Liability.

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2021
Disclosure Text Block Supplement [Abstract]
Goodwill Disclosure [Text Block]	5. GOODWILL As of September 30, 2021 goodwill and intangible assets consists of the following: September 30, 2021 Acquisition of Northeast $ 2,293,474 Acquisition of ChargeSavvy $ 3,756, 013 Total $ 6,049,487

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	6. INTANGIBLE ASSETS As of September 30, 2021 goodwill and intangible assets consists of the following: September 30, 2021 Amortization Period Cost Accumulated Amortization Net Customer relationships 5 years $ 5,820,195 $ (308,297 ) $ 5,511,898 Business Technology/IP 5 years $ 2,611,088 $ (130,554 ) $ 2,480,534 Total goodwill and intangibles $ 7,992,432 Intangible assets with finite lives are amortized over the estimated periods benefitted on a straight- line basis. Amortization expense on intangible assets with finite lives for the period from May 21, 2021 (the acquisition date of Northeast) to September 30, 2021 was $846,586 and is included in depreciation and amortization expense in the unaudited condensed consolidated statement of operations and comprehensive loss. Amortization expense related to intangible assets for each of the next five fiscal years and thereafter is expected as follows: Years Ending December 31, 2021 $ 421,564 2022 1,686,257 2023 1,686,257 2024 1,686,257 2025 1,686,257 Thereafter 825,840 $ 7,992,432

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	7. CONVERTIBLE NOTES PAYABLE Convertible notes payable consisted of the following: September 30, 2021 December 31, 2020 October 27, 2020 ($3,850,000) $ - $ 3,850,000 Total convertible notes payable - 3,850,000 Debt discount - (2,993,408 ) Total convertible notes payable, net of debt discount $ - $ 856,592 Kingswood Capital (Syndicate Convertible Note) - $3,850,000 On October 27, 2020, the Company issued a convertible promissory note for $3,850,000 to various lenders through its placement agent, Kingswood Capital (“Kingswood Note”), due July 27, 2021 (the “Maturity Date”) with conversion price to common stock of $1.98 per share. The Kingswood Note included an original issue discount of $350,000, netting the balance received by the Company from Kingswood Note at $3,500,000. The Company also provided warrant of 1,944,444 with a fixed exercise price to common stock of $1.98 per share under the Kingswood Note. The Company valued its warrant of 1,944,444 with fixed exercise price of $1.98 using Black-Scholes valuation method which amounted to $3,498,667 and recorded as a debt discount at the time of issuance of warrant. The convertible debt was converted in February 2021.

PAYROLL PROTECTION PROGRAM LOAN

PAYROLL PROTECTION PROGRAM LOAN	9 Months Ended
	Sep. 30, 2021
Note Payable [Abstract]
Note Payable [Text Block]	8. PAYROLL PROTECTION PROGRAM LOAN On April 29, 2020, the Company obtained a $272,713, 2-year loan from a regional bank (the “Lender”) pursuant to the U.S. Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) under Title 1 of the CARES Act. The loan bears interest of 1.00% per annum and no payments were due for the first six months. The Company certified in the Application that 100% of the loaned funds were utilized during the 24-week covered period commencing April 29, 2020 to pay for qualified payroll and payroll related costs, and as such, requested that the entire principal balance be forgiven. The Company expects the entire PPP loan to be forgiven and the Company is awaiting SBA approval to extinguish the loan.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	9. LONG-TERM DEBT On June 9, 2020, the Company entered into a 30 year loan agreement with the SBA under the CARES Act in the amount of $149,900. The loan bears interest at 3.75% per annum and requires monthly principal and interest payments of $731 beginning June 9, 2021. Both the Chief Executive Officer and Chairman of the Company signed personal guarantees under this loan. On May 8, 2020, Charge Savvy executed the standard loan documents required for securing a loan (the “EIDL Loan”) from the SBA under its Economic Injury Disaster Loan (“EIDL”) assistance program in light of the impact of the COVID-19 pandemic on the TNB’s business. As of December 31, 2020, the loan payable, Emergency Injury Disaster Loan noted above is not in default. Pursuant to that certain Loan Authorization and Agreement (the “SBA Loan Agreement”), Charge Savvy borrowed an aggregate principal amount of the EIDL Loan of $150,000, with proceeds to be used for working capital purposes. Interest accrues at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date of each advance. Installment payments, including principal and interest, are due monthly beginning May 8, 2021 (twelve months from the date of the SBA Loan) in the amount of $731. The balance of principal and interest is payable thirty years from the date of the SBA Loan. In connection therewith, the Company also received a $10,000 grant, which does not have to be repaid. During the year ended December 31, 2020, $10,000 was recorded in Economy injury disaster loan (EIDL) grant income in the Statements of Operations. On Aug 24, 2021, Charge Savvy was granted an increase in loan principal in the amount of $350,000 on identical terms. In connection therewith, Charge Savvy executed (i) loans for the benefit of the SBA (the “SBA Loan”), which contains customary events of default and (ii) Security Agreements, granting the SBA a security interest in all tangible and intangible personal property of Charge Savvy, which also contains customary events of default (the “SBA Security Agreement”).

STOCK OPTION AWARDS

STOCK OPTION AWARDS	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	10. STOCK OPTION AWARDS The Company adopted the 2020 Incentive and Non-statutory Stock Option Plan (“2020 Plan”) in June 2020, which provided for the grant of incentive stock options and nonqualified stock options to our employees and directors. The 2020 Plan provides for up to 3.3 million shares of Common Stock. Options granted under the 2020 Plan generally have a term of ten years and generally vest and become exercisable at various times from the option grant dates. The 2020 Plan provide for the grant of incentive stock options, non-qualified stock options and restricted stock to our employees, directors and independent contractors. These options will have such vesting or other provisions as may be established by the Board of Directors at the time of each grant. The Company applies the provisions of ASC 718, “Compensation - Stock Compensation,” using a modified prospective application, and the Black-Scholes model to value stock options. Under this application, the Company records compensation expense for all awards granted. Compensation costs will be recognized over the period that an employee provides service in exchange for the award. The fair value of each share option award on the date of grant was estimated using the Black-Scholes method based on the following weighted-average assumptions: September 30, 2021 December 31, 2020 Risk-free interest rate 0.29 % 0.29 % Expected term 5 years 5 years Expected volatility 396.64 % 289.33% to 279.18 % Expected dividend yield - - The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected term of the option award; the expected term represents the weighted-average period of time that option awards granted are expected to be outstanding giving consideration to vesting schedules and historical participant exercise behavior; the expected volatility is based upon historical volatility of the Company’s common stock; and the expected dividend yield is based upon the Company’s dividend rate at the time fair value is measured and future expectations. The Company recorded stock compensation expense for employees of $5,867,072 and $0 for the nine months ended September 30, 2021 and 2020, respectively, and $3,777,572 and $0 for the three months ended September 30, 2021 and 2020, respectively. The Company recorded stock compensation expense for services of $10,418,996 and $4,130 for the nine months ended September 30, 2021 and 2020, respectively, and $238,238 and $0 for the three months ended September 30, 2021 and 2020, respectively. A summary of the status of our stock options is presented below as of September 30, 2021: Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding at December 31, 2020 514,607 $ 2.30 0.001 $ 3,365,527 Granted 232,286 10.59 Exercised (146,278 ) 0.46 Forfeited or expired - 2.50 Outstanding at September 30, 2021 600,615 6.72 0.014 6,146,166 Exercisable as of September 30, 2021 491,711 4.91 - 5,969,376 Vested and expected to Vest as of September 30, 2021 593,250 6.31 - 7,202,059 The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of $12.14 as of September 30, 2021, which would have been received by the option holders had all option holders exercised their options as of that date. As of September 30, 2021, there was unrecognized compensation cost related to non-vested stock options granted in the amount of $2,128,990.

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM	9 Months Ended
	Sep. 30, 2021
Brokers and Dealers [Abstract]
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]	11. STOCK REPURCHASE PROGRAM On May 13, 2021, GreenBox POS (the “Company”) announced that the Company’s Board of Directors approved a share repurchase program (the “Share Repurchase Program”), providing for the repurchase of a portion of the Company’s outstanding common stock. From May 13, 2021 to September 30, 2021, the Company has repurchased a total of 300,000 shares at an aggregate cost of $2,679,633.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	12. RELATED PARTY TRANSACTIONS The Company had the following related party transactions: ● Kenneth Haller and the Haller Companies Kenneth Haller (“Haller”) became the Company’s Senior Vice President of Payment Systems in November 2018. The Company began working indirectly with Haller earlier in 2018, both individually and through our relationship with MTrac Tech Corporation (“MTrac”), which in turn has business relationships with Haller. Haller brings considerable advantages to the Company’s platform development and business development efforts and capabilities, including transactional business relations and a large network of agents (the “Haller Network”). The Haller Network is an amalgamation of the collective networks of Haller and two companies owned or majority-owned by Haller, which are Sky Financial & Intelligence, LLC (“Sky”), and Charge Savvy, LLC (collectively, the “Haller Companies”), each of which has formalized business relationships with the Company, as well as with some of the Company’s partners, which the Company believes allows the Company to maximize and diversity the Company’s market penetration capabilities. Haller, through Sky, owns controlling interests in Charge Savvy, LLC with whom the Company does business through their respective business relationship with MTrac. The following are certain transactions between the Company and the Haller Companies: ■ Sky Financial & Intelligence, LLC ■ Charge Savvy, LLC – Sky owns 68.4% of Charge Savvy, LLC (“Charge Savvy”), an Illinois limited liability company. Haller serves as one of three Managing Members of Charge Savvy, along with Higher Ground Capital, LLC (owns 14%), and Jeff Nickel (owns 17.4%). As a result of the Purchase Agreement, the Company purchased all of Charge Savvy’s issued and outstanding membership interests and Charge Savvy became a wholly owned subsidiary of the Company. The purchase price under the Purchase Agreement for the all-stock transaction consisted of 1,000,000 shares of Common Stock being issued and delivered to the Sellers in proportion to the Sellers’ share of their membership interests in Charge Savvy. The share price at issuance was $12.14. The Company did not pay any commissions to the related parties mentioned above for the three and nine months ended September 30, 2021 and 2020.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	13. COMMITMENTS AND CONTINGENCIES Legal Proceedings The Company has the following legal proceedings: ● Corporate Performance Consulting, LLC (CPC) v. GreenBox POS ● GreenBox POS v. A.M.P of Florida, Inc. (AMP) ● America 2030 Capital Limited and Bentley Rothschild Capital Limited ● The Good People Farms, LLC (TGPF) Operating Leases The Company entered into the following operating facility leases: ● Hyundai Rio Vista – On October 4, 2018, the Company entered into an operating facility lease for its corporate office located in San Diego with 38 months term and with option to renew. The lease started on October 4, 2018 and expires on October 3, 2021. ● Camino Del Rio – On and effective April 2021, the Company entered into an operating facility lease for its corporate office located in San Diego with monthly lease payments of $33,135 per month. For operating leases, we calculated right of use assets and lease liabilities based on the present value of the remaining lease payments as of the date of adoption using the incremental borrowing rate. The Company has recorded operating lease right of use assets and operating lease liabilities of $668,865 and $669,978 respectively, as of September 30, 2021. The difference between the operating lease ROU asset and operating lease liabilities represents differences in the cash paid and straight-line lease expense recognized. The adoption of ASC 842 did not materially impact our results of operations, cash flows, or presentation thereof.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events [Text Block]	14. SUBSEQUENT EVENTS The Company follows the guidance in FASB ASC Topic 855, Subsequent Events (“ASC 855”), which provides guidance to establish general standards of accounting for and disclosures of events that occur after the balance sheet date but before the consolidated financial statements are issued or are available to be issued. ASC 855 sets forth (i) the period after the balance sheet date during which management of a reporting entity evaluates events or transactions that may occur for potential recognition or disclosure in the consolidated financial statements, (ii) the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its consolidated financial statements, and (iii) the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. Accordingly, the Company did not have any subsequent events that require disclosure other than the following: ● November 2, 2021 (Convertible Note Offering): On November 2, 2021, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), as the exclusive placement agent relating to the sale and issuance to selected institutional investors (the “Investors”) in a registered direct offering of 8% senior convertible notes due 2023 in the aggregate original principal amount of $100 million (the “Notes”). The Notes have an original issue discount of sixteen percent (16%) resulting in gross proceeds to the Company of $84 million. The Notes and Shares are being offered pursuant to a prospectus supplement to the Company's effective shelf registration statement Form S-3 (Registration No. 333-257798). EF Hutton served as the sole placement agent for the transaction pursuant to the terms of the Placement Agency Agreement. Under the terms of the Placement Agency Agreement, the Company will pay our placement agent a fee of $6,720,000 in connection with the Offering. The Convertible Note Offering closed and was funded on November 9, 2021.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with the GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.
Receivable [Policy Text Block]	Cash Due from Gateways and Payment Processing Liabilities The Company’s primary source of revenues is payment processing services for its merchant clients. When such merchant makes a sale, the process of receiving the payment card information, engaging the banks for transferring the proceeds to the merchant’s account via digital gateways, and recording the transaction on a blockchain ledger are the activities for which the Company gets to collect fees. In 2021 and 2020 the Company utilized several gateways. The gateways have strict guidelines pertaining to scheduling of the release of funds to merchants based on several criteria, such as return and chargeback history, associated risk for the specific business vertical, average transaction amount and so on. In order to mitigate processing risks, these policies determine reserve requirements and payment in arrears strategy. While reserve and payment in arrears restrictions are in effect for a merchant payout, the Company records gateway debt against these amounts until released. Therefore, the total Cash due from gateways on the unaudited consolidated balance sheets represents the amount owed to the Company for processing.
Research and Development Expense, Policy [Policy Text Block]	Research and Development Costs Research and development costs, which are expensed as incurred, are primarily comprised of costs and expenses for salaries and benefits for research and development personnel, outsourced contract services, and supplies and materials costs.
Revenue [Policy Text Block]	Revenue Recognition Revenue is recognized upon transfer of control of promised goods or services to the Company’s customers or when the Company satisfies any performance obligations under contract. The amount of revenue reflects the consideration the Company expects to be entitled to in exchange for the respective goods or services provided. Further, under Accounting Standards Codification 606, “ Revenue from Contracts with Customers , The Company’s primary revenue source is generated from payment processing services. Payment processing services revenue is based on a percentage of each transaction’s value and/or upon fixed amounts specified per each transaction or service and is recognized as such transactions or services are performed, at a point in time.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value of Financial Instruments The Company assesses the fair value of financial instruments based on the provisions of ASC 820, Fair Value Measurement The standard describes three levels of inputs that may be used to measure fair value: Level 1- Quoted prices in active markets for identical assets or liabilities. Level 2- Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3- Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following table describes the valuation techniques used to calculate the fair value for assets in Level 3. The significant unobservable input used in the fair value measurement of the Company’s identifiable intangible assets is discount rate. The change in this input could result in a change of fair value measurement: Fair Value at May 21, 2021 Valuation Technique Unobservable Input Range Customer Relationship $ 276,583 Multiple-period excess earnings method Discount rate 15.90 % Fair Value at July 13, 2021 Valuation Technique Unobservable Input Range Customer Relationship $ 5,543,612 Multiple-period excess earnings method Discount rate 55.70 % Business Technology/IP $ 2,611,088 Royalty relief method Discount rate 53.70 %
Property, Plant and Equipment, Policy [Policy Text Block]	Goodwill and Other Intangible Assets The Company accounts for acquisitions of businesses in accordance with the acquisition method. Goodwill represents the excess of the purchase price of acquired businesses over the fair value of the identifiable assets acquired and liabilities assumed. Acquisition costs are expensed as incurred. Goodwill and other intangible assets acquired in a business combination determined to have an indefinite useful life are generally not amortized, but instead are tested for impairment at least annually and more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. Other intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever management believes that events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. To the extent that the carrying value is determined to be unrecoverable, an impairment loss is recognized through a charge to expense. As of December 31, 2020, the Company does not believe that impairment indicators are present, and accordingly, based on this assessment, no further impairment analysis was performed.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net of operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. As of September 30, 2021, we have no material unrecognized tax benefits, and we expect no material unrecognized tax benefits for the next 12 months.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share A basic earnings per share is computed by dividing net income to common stockholders by the weighted average number of shares outstanding for the year. Dilutive earnings per share include the effect of any potentially dilutive debt or equity under the treasury stock method, if including such instruments is dilutive. The Company’s diluted earnings/loss per share is the same as the basic earnings/loss per share for the three and nine months ended September 30, 2021 and 2020, as there are no potential shares outstanding other than options that would have a dilutive effect.
Stockholders' Equity, Policy [Policy Text Block]	Reverse Common Stock Split (1 for 6) On February 17, 2021, the Company effected a reverse stock split of the Company’s shares of common stock outstanding and a proportional decrease of the Company’s authorized shares of common stock at a ratio of one-for-six (the “Stock Split”). Following the Stock Split, the Company has 82,500,000 shares of common stock authorized (the number of authorized shares of Preferred Stock remains 5,000,000). As a result, common shares information has been retrospectively restated accordingly in the financial statements as of and for the three and nine months ended September 30, 2020.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Updates In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. This standard removes, modifies, and adds certain disclosure requirements for fair value measurements, and is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU No. 2018-13 in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the adoption did not have any impact to the Company’s financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company’s accounting for the service element of a hosting arrangement that is a service contract is not affected by the proposed amendments and will continue to be expensed as incurred in accordance with existing guidance. This standard does not expand on existing disclosure requirements except to require a description of the nature of hosting arrangements that are service contracts. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, and can be adopted either prospectively or retrospectively. Accordingly, the Company adopted the updated disclosure requirements of ASU No. 2018-15 prospectively in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the adoption did not have any impact to the Company’s financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes. This standard simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740, Income Taxes, while also clarifying and amending existing guidance, including interim-period accounting for enacted changes in tax law. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU No. 2019-12 in the first quarter of fiscal 2020 and the adoption did not have any impact to the Company’s financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848)—Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard provides optional guidance for a limited time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this standard apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The amendments in this standard are elective and are effective upon issuance for all entities. The Company is evaluating the expedients and exceptions provided by the amendments in this standard to determine their impact. Other recently issued accounting updates are not expected to have a material impact on the Company’s Interim Financial Statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table describes the valuation techniques used to calculate the fair value for assets in Level 3. The significant unobservable input used in the fair value measurement of the Company’s identifiable intangible assets is discount rate. The change in this input could result in a change of fair value measurement: Fair Value at May 21, 2021 Valuation Technique Unobservable Input Range Customer Relationship $ 276,583 Multiple-period excess earnings method Discount rate 15.90 % Fair Value at July 13, 2021 Valuation Technique Unobservable Input Range Customer Relationship $ 5,543,612 Multiple-period excess earnings method Discount rate 55.70 % Business Technology/IP $ 2,611,088 Royalty relief method Discount rate 53.70 %

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2021
Northeast Merchant Systems, Inc. (“Northeast”) [Member]
ACQUISITIONS (Tables) [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following summarizes the estimated fair values of the net assets acquired: Tangible assets (liabilities): Net assets and liabilities $ (70,057 ) Intangible assets: Customer relationships 276,583 Goodwill 2,293,474 2,570,057 Total net assets acquired $ 2,500,000
Charge Savvy LLC [Member]
ACQUISITIONS (Tables) [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following summarizes the estimated fair values of the net assets acquired: Tangible assets (liabilities): Net assets and liabilities $ (375,681 ) Land/Building 604,968 229,287 Intangible assets: Customer relationships 5,543,612 Business Technology/IP 2,611,088 Goodwill 3,756,013 11,910,713 Total net assets acquired $ 12,140,000

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2021
Disclosure Text Block Supplement [Abstract]
Schedule of Goodwill [Table Text Block]	As of September 30, 2021 goodwill and intangible assets consists of the following: September 30, 2021 Acquisition of Northeast $ 2,293,474 Acquisition of ChargeSavvy $ 3,756, 013 Total $ 6,049,487

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	As of September 30, 2021 goodwill and intangible assets consists of the following: September 30, 2021 Amortization Period Cost Accumulated Amortization Net Customer relationships 5 years $ 5,820,195 $ (308,297 ) $ 5,511,898 Business Technology/IP 5 years $ 2,611,088 $ (130,554 ) $ 2,480,534 Total goodwill and intangibles $ 7,992,432
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Intangible assets with finite lives are amortized over the estimated periods benefitted on a straight- line basis. Amortization expense on intangible assets with finite lives for the period from May 21, 2021 (the acquisition date of Northeast) to September 30, 2021 was $846,586 and is included in depreciation and amortization expense in the unaudited condensed consolidated statement of operations and comprehensive loss. Amortization expense related to intangible assets for each of the next five fiscal years and thereafter is expected as follows: Years Ending December 31, 2021 $ 421,564 2022 1,686,257 2023 1,686,257 2024 1,686,257 2025 1,686,257 Thereafter 825,840 $ 7,992,432

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Convertible Debt [Table Text Block]	Convertible notes payable consisted of the following: September 30, 2021 December 31, 2020 October 27, 2020 ($3,850,000) $ - $ 3,850,000 Total convertible notes payable - 3,850,000 Debt discount - (2,993,408 ) Total convertible notes payable, net of debt discount $ - $ 856,592

STOCK OPTION AWARDS (Tables)

STOCK OPTION AWARDS (Tables)	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of each share option award on the date of grant was estimated using the Black-Scholes method based on the following weighted-average assumptions: September 30, 2021 December 31, 2020 Risk-free interest rate 0.29 % 0.29 % Expected term 5 years 5 years Expected volatility 396.64 % 289.33% to 279.18 % Expected dividend yield - -
Share-based Payment Arrangement, Option, Activity [Table Text Block]	A summary of the status of our stock options is presented below as of September 30, 2021: Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding at December 31, 2020 514,607 $ 2.30 0.001 $ 3,365,527 Granted 232,286 10.59 Exercised (146,278 ) 0.46 Forfeited or expired - 2.50 Outstanding at September 30, 2021 600,615 6.72 0.014 6,146,166 Exercisable as of September 30, 2021 491,711 4.91 - 5,969,376 Vested and expected to Vest as of September 30, 2021 593,250 6.31 - 7,202,059

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details) - Charge Savvy LLC [Member]	Jul. 13, 2021ft²$ / sharesshares
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details) [Line Items]
Stock Issued During Period, Shares, Acquisitions (in Shares) | shares	1,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001
Shares Issued, Price Per Share	$ 12.14
Area of Real Estate Property (in Square Feet) | ft²	61,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	Sep. 30, 2021	Feb. 17, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Common Stock, Shares Authorized	82,500,000	82,500,000	82,500,000
Preferred Stock, Shares Authorized	5,000,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation	Jul. 13, 2021USD ($)	May 21, 2021USD ($)
Customer Relationships [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Customer Relationship, Fair Value	$ 5,543,612	$ 276,583
Customer Relationship, Valuation Technique	Multiple-period excess earnings method	Multiple-period excess earnings method
Customer Relationship, Unobservable Input	Discount rate	Discount rate
Customer Relationship, Range	0.557	0.159
Technology-Based Intangible Assets [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Customer Relationship, Fair Value	$ 2,611,088
Customer Relationship, Valuation Technique	Royalty relief method
Customer Relationship, Unobservable Input	Discount rate
Customer Relationship, Range	0.537

ACQUISITIONS (Details)

ACQUISITIONS (Details)	Jul. 13, 2021USD ($)ft²$ / sharesshares	May 21, 2021USD ($)
Northeast Merchant Systems, Inc. (“Northeast”) [Member]
ACQUISITIONS (Details) [Line Items]
Business Combination, Consideration Transferred		$ 2,500,000
Business Combination, Contingent Consideration, Liability		$ 500,000
Charge Savvy LLC [Member]
ACQUISITIONS (Details) [Line Items]
Business Combination, Consideration Transferred	$ 12,140,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares	1,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares	$ 0.001
Business Acquisition, Share Price (in Dollars per share) | $ / shares	$ 12.14
Area of Real Estate Property (in Square Feet) | ft²	61,000

ACQUISITIONS (Details) - Schedu

ACQUISITIONS (Details) - Schedule of Business Acquisitions, by Acquisition - Northeast Merchant Systems, Inc. (“Northeast”) [Member]	May 21, 2021USD ($)
Tangible assets (liabilities):
Net assets and liabilities	$ (70,057)
Intangible assets:
Intangible assets	2,570,057
Total net assets acquired	2,500,000
Customer Relationships [Member]
Intangible assets:
Intangible assets	276,583
Goodwill [Member]
Intangible assets:
Intangible assets	$ 2,293,474

ACQUISITIONS (Details) - Sche_2

ACQUISITIONS (Details) - Schedule of Business Acquisitions, by Acquisition - Charge Savvy LLC [Member] - USD ($)	Sep. 30, 2021	Jul. 13, 2021
Tangible assets (liabilities):
Net assets and liabilities		$ (375,681)
Property, Plant and Equipment		229,287
Intangible assets:
Goodwill	$ 3,756,013	3,756,013
		11,910,713
Total net assets acquired		12,140,000
Land and Building [Member]
Tangible assets (liabilities):
Property, Plant and Equipment		604,968
Customer Relationships [Member]
Intangible assets:
Intangible assets		5,543,612
Technology-Based Intangible Assets [Member]
Intangible assets:
Intangible assets		$ 2,611,088

GOODWILL (Details) - Schedule o

GOODWILL (Details) - Schedule of Goodwill - USD ($)	Sep. 30, 2021	Jul. 13, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill	$ 6,049,487		$ 0
Northeast Merchant Systems, Inc. (“Northeast”) [Member]
Goodwill [Line Items]
Goodwill	2,293,474
Charge Savvy LLC [Member]
Goodwill [Line Items]
Goodwill	$ 3,756,013	$ 3,756,013

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details)	4 Months Ended
	Sep. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 846,586

INTANGIBLE ASSETS (Details) - S

INTANGIBLE ASSETS (Details) - Schedule of Finite-Lived Intangible Assets	9 Months Ended
	Sep. 30, 2021USD ($)
Finite-Lived Intangible Assets [Line Items]
Net	$ 7,992,432
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	5 years
Cost	$ 5,820,195
Accumulated Amortization	(308,297)
Net	$ 5,511,898
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	5 years
Cost	$ 2,611,088
Accumulated Amortization	(130,554)
Net	$ 2,480,534

INTANGIBLE ASSETS (Details) -_2

INTANGIBLE ASSETS (Details) - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Sep. 30, 2021USD ($)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2021	$ 421,564
2022	1,686,257
2023	1,686,257
2024	1,686,257
2025	1,686,257
Thereafter	825,840
	$ 7,992,432

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details) - Kingswood Capital Markets [Member] - USD ($)	Oct. 27, 2020	Sep. 30, 2021
CONVERTIBLE NOTES PAYABLE (Details) [Line Items]
Debt Instrument, Face Amount	$ 3,850,000	$ 3,850,000
Debt Instrument, Maturity Date	Jul. 27, 2021	Jul. 27, 2021
Debt Instrument, Convertible, Conversion Price (in Dollars per share)	$ 1.98
Debt Instrument, Unamortized Discount	$ 350,000
Proceeds from Convertible Debt	$ 3,500,000
Class of Warrant or Rights, Granted (in Shares)	1,944,444
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$ 1.98
Adjustments to Additional Paid in Capital, Warrant Issued	$ 3,498,667

CONVERTIBLE NOTES PAYABLE (De_2

CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Oct. 27, 2020
CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt [Line Items]
Debt discount	$ 0	$ (2,993,408)
Convertible Debt [Member]
CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt [Line Items]
Convertible notes payable	0	856,592
Kingswood Capital Markets [Member]
CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt [Line Items]
Convertible notes payable		3,850,000
Debt discount			$ (350,000)
Debt Date March 15, 2018 [Member] | Convertible Debt [Member]
CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt [Line Items]
Convertible notes payable	0	3,850,000
Convertible Debt [Member]
CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt [Line Items]
Debt discount	$ 0	$ (2,993,408)

CONVERTIBLE NOTES PAYABLE (De_3

CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) - Kingswood Capital Markets [Member] - USD ($)	Oct. 27, 2020	Sep. 30, 2021
CONVERTIBLE NOTES PAYABLE (Details) - Convertible Debt (Parentheticals) [Line Items]
Due	Jul. 27, 2021	Jul. 27, 2021
Interest		10.00%
Principal	$ 3,850,000	$ 3,850,000
Date		Oct. 27, 2020

PAYROLL PROTECTION PROGRAM LO_2

PAYROLL PROTECTION PROGRAM LOAN (Details) - Preferred Bank PPP Loan [Member]	Apr. 29, 2020USD ($)
PAYROLL PROTECTION PROGRAM LOAN (Details) [Line Items]
Debt Instrument, Face Amount	$ 272,713
Debt Instrument, Term	2 years
Debt Instrument, Interest Rate, Stated Percentage	1.00%

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($)	May 08, 2021	Jun. 09, 2020	Dec. 31, 2020	Aug. 24, 2021
SBA CARES Act Loan [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Term		30 years
Debt Instrument, Face Amount		$ 149,900
Debt Instrument, Interest Rate, Stated Percentage		3.75%
Debt Instrument, Periodic Payment		$ 731
Debt Instrument, Maturity Date		Jun. 9, 2021
Economic Injury Disaster Loan (“EIDL”) [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Term	30 years
Debt Instrument, Face Amount	$ 150,000			$ 350,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument, Periodic Payment	$ 731
Proceeds from Other Debt	$ 10,000
Other Nonrecurring Income			$ 10,000

STOCK OPTION AWARDS (Details)

STOCK OPTION AWARDS (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2019
STOCK OPTION AWARDS (Details) [Line Items]
Share-based Payment Arrangement, Noncash Expense		$ 3,777,572		$ 5,867,072	$ 162,633
Share-based Payment Arrangement, Expense		$ 238,238	$ 0	$ 10,418,996	4,130
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)		600,615		600,615		514,607
Share-based Payment Arrangement, Option [Member]
STOCK OPTION AWARDS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	3,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Payment Arrangement, Noncash Expense		$ 3,777,572	$ 0	$ 5,867,072	$ 0
Share Price (in Dollars per share)		$ 12.14		$ 12.14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)		2,128,990		2,128,990

STOCK OPTION AWARDS (Details) -

STOCK OPTION AWARDS (Details) - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
STOCK OPTION AWARDS (Details) - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Risk-free interest rate	0.29%	0.29%
Expected term	5 years	5 years
Expected volatility	396.64%
Expected dividend yield	0.00%	0.00%
Minimum [Member]
STOCK OPTION AWARDS (Details) - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Expected volatility	289.33%
Maximum [Member]
STOCK OPTION AWARDS (Details) - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Expected volatility		279.18%

STOCK OPTION AWARDS (Details)_2

STOCK OPTION AWARDS (Details) - Share-based Payment Arrangement, Option, Activity	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares
Share-based Payment Arrangement, Option, Activity [Abstract]
Outstanding, Shares (in Shares) | shares		514,607
Outstanding, Weighted- Average Exercise Price		$ 2.3
Outstanding, Weighted- Average Remaining Contractual Life	5 days	0 years
Outstanding, Aggregate Intrinsic Value (in Dollars) | $	$ 6,146,166	$ 3,365,527
Granted, Shares (in Shares) | shares	232,286
Granted, Weighted- Average Exercise Price	$ 10.59
Exercise, Shares (in Shares) | shares	(146,278)
Exercised, Weighted- Average Exercise Price	$ 0.46
Forfeited or Expired, Weighted- Average Exercise Price	$ 2.5
Outstanding, Shares (in Shares) | shares	600,615
Outstanding, Weighted- Average Exercise Price	$ 6.72
Outstanding, Aggregate Intrinsic Value (in Dollars) | $	$ 6,146,166	$ 3,365,527
Exercisable, Shares (in Shares) | shares	491,711
Exercisable, Weighted- Average Exercise Price	$ 4.91
Exercisable at December 31, 2020 (in Dollars) | $	$ 5,969,376
Vested and Expected to Vest, Shares (in Shares) | shares	593,250
Vested and Expected to Vest, Weighted- Average Exercise Price	$ 6.31
Vested and Expected to Vest, Aggregate Intrinsic Value (in Dollars) | $	$ 7,202,059

STOCK REPURCHASE PROGRAM (Detai

STOCK REPURCHASE PROGRAM (Details) - USD ($)	3 Months Ended		5 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Brokers and Dealers [Abstract]
Stock Repurchased During Period, Shares			300,000
Stock Repurchased During Period, Value	$ 1,746,290	$ 810,000	$ 2,679,633	$ 2,679,933	$ 810,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Jul. 13, 2021	Nov. 30, 2018	Dec. 31, 2018
Charge Savvy [Member]
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Equity Method Investment, Ownership Percentage		100.00%
Related Party Transaction, Description of Transaction			Sky owns 68.4% of Charge Savvy, LLC (“Charge Savvy”), an Illinois limited liability company. Haller serves as one of three Managing Members of Charge Savvy, along with Higher Ground Capital, LLC (owns 14%), and Jeff Nickel (owns 17.4%).
Stock Issued During Period, Shares, Acquisitions	1,000,000
Shares Issued, Price Per Share	$ 12.14
Monthly Consulting Fee [Member]
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Related Party Transaction, Amounts of Transaction		$ 10,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Oct. 31, 2018	Apr. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Damages Sought	● America 2030 Capital Limited and Bentley Rothschild Capital Limited – On or about October 31, 2018, Nisan and Errez received constitutive notice, regarding arbitration against Nisan, Errez, PrivCo and possibly PubCo, from Bentley Rothschild Capital Limited ("Bentley") and America 2030 Capital Limited (“America 2030”), both located in Nevis, West Indies, and both claiming breach of contract by Nisan and Errez of Nisan and Errez’s respective individual Master Loan Agreements and seeking forfeiture of 266,667 PubCo shares that PrivCo had transferred, on or about August 1, 2018, from PrivCo’s Control Shares under the terms of the MLAs.
Operating Lease, Expense		$ 33,135
Operating Lease, Right-of-Use Asset			$ 668,865	$ 117,795
Operating Lease, Liability			$ 669,978

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member]	Nov. 02, 2021USD ($)
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Instrument, Face Amount	$ 100,000,000
Debt, Original Issue Discount Rate	16.00%
Proceeds from Issuance of Debt	$ 84,000,000
Debt Issuance Costs, Gross	$ 6,720,000