v3.23.2
SCHEDULE OF WARRANT ACTIVITY (Details) - $ / shares
6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Equity [Abstract]        
Number of warrants oustanding, Beginning balance [2] 542,030 [1] 272,000 [1] 272,000 [1] 272,000
Weighted average exercise price, Beginning balance $ 0.42 $ 2.00 $ 2.00 $ 2.00
Weighted average remaining contractual term, Beginning balance 4 years 1 month 6 days 2 years 10 months 24 days 3 years 8 months 12 days 3 years 10 months 24 days
Number of warrants, Granted 800,000 [1] 264,030 [1] 492,030 [2] [2]
Weighted average exercise price, Granted $ 0.20 $ 0.26 $ 0.26
Number of warrants, Exercised [1] [1] 200,000 [2] [2]
Weighted average exercise price, Exercised $ 2.00
Number of warrants, Forfeited and cancelled [1] [1] 22,000 [2] [2]
Weighted average exercise price, Forfeited and cancelled $ 2.00
Weighted average remaining contractual term, Granted 5 years 5 years 5 years  
Number of Warrants, Exercised [1] [1] (200,000) [2] [2]
Number of Warrants, Forfeited/Cancelled [1] [1] (22,000) [2] [2]
Number of warrants oustanding, Ending balance [1] 1,342,030 536,030 542,030 [2] 272,000 [2]
Weighted average exercise price, Ending balance $ 0.29 $ 1.14 $ 0.42 $ 2.00
Weighted average remaining contractual term, Ending balance 4 years 4 months 24 days 3 years 8 months 12 days 4 years 1 month 6 days  
[1] The warrant agreements issued in 2019 for a total of 50,000 warrants include provisions for dilutive issuance and cash-less exercise. If exercised at December 31, 2022 the provisions would have resulted in an issuance of 1,130,114 shares at an average conversion price of $0.09, or 1,050,114 shares in a cash-less exercise. In order to mitigate the Company’s risk an administrative hold has been placed on one shareholder’s stock in the event of future exercise.
[2] The warrant agreements issued in 2019 for a total of 50,000 warrants include provisions for dilutive issuance and cash-less exercise. If exercised at December 31, 2022 the provisions would have resulted in an issuance of