General form of registration statement for all companies including face-amount certificate companies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

As of December 31, 2021, there were the following potentially dilutive securities that were excluded from diluted net loss per share because their effect would be anti-dilutive:

  SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE 

Shares from the conversion of Series B Preferred Stock not inclusive of accrued dividends     235,774  
Shares from common stock options     27,815  
Shares from common stock warrants     37,083  
Shares from conversion of convertible notes not inclusive of accrued interest     75,625  
Shares from the conversion of debentures     5,469  
Shares from the conversion of redeemable convertible preferred stock (based upon an assumed conversion price at December 31, 2021 of $6.40 per share; inclusive of cumulative dividends which may be converted to shares of common stock under certain conditions)     108,231  

 

As of December 31, 2020, there were the following potentially dilutive securities that were excluded from diluted net loss per share because their effect would be anti-dilutive:

 

Shares from the conversion of Series B Preferred Stock     43,906  
Shares from the conversion of Series E-1 Preferred Stock     191,250  
Shares from common stock options     11,715  
Shares from common stock warrants     1,154  
Shares from the conversion of debentures     15,625  
Shares that may be converted from Bridge Notes (based upon an assumed conversion price at December 31, 2020 of $8.80 per share)     164,468  
Shares from the conversion of redeemable convertible preferred stock (based upon an assumed conversion price at December 31, 2020 of $8.80 per share; inclusive of cumulative dividends which may be converted to shares of common stock under certain conditions)     68,182