Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.23.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

As of December 31, 2022, 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 inclusive of accrued dividends ($6.19 conversion price)     292,990  
Shares from common stock options     177,815  
Shares from common stock warrants     323,543  
Shares from conversion of convertible notes inclusive of accrued interest ($8.00 conversion price)     64,126  
Shares from the conversion of Series A Preferred stock (calculated from liquidation value and assumed conversion price at December 31, 2022 of $3.33 per share)     216,577  

 

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:

 

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 Series A Preferred Stock (calculated from liquidation value and an assumed conversion price at December 31, 2021 of $6.40 per share)     108,231