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STOCK AWARDS, WARRANTS AND OPTIONS (Tables)
9 Months Ended
Sep. 30, 2024
Warrant  
Schedule of warrant activity

Weighted Average

    

Warrants

    

Exercise Price

Outstanding at December 31, 2023

 

5,041,403

$

5.61

Granted

Exercised

(38,000)

1.53

Outstanding at September 30, 2024

 

5,003,403

$

5.64

Schedule of outstanding warrants

Warrants Outstanding

September 30, 

December 31, 

Exercise Price

Expiration

Type

    

Grant Date

    

2024

    

2023

    

per Share

    

Date

Common Warrants

12/19/2019

40,782

 

40,782

$

1.10

12/19/2024

Common Warrants

3/27/2020

27,000

 

65,000

$

1.5313

3/27/2025

Common Warrants

10/3/2023

4,935,621

4,935,621

$

5.70

10/3/2030

5,003,403

5,041,403

Employee Stock Option  
Schedule of fair value of option using Black-Scholes option

    

Nine months ended September 30, 

 

2024

2023

Expected volatility

 

109 - 119

%  

111 - 121

%

Expected term

 

5 - 7 years

 

5 - 7 years

Dividend yield

 

0

%  

0

%

Risk-free interest rates

 

3.9 - 4.5

%  

3.5 - 4.5

%

Schedule of employee and non-employee stock based compensation expense

    

Three months ended September 30, 

Nine months ended September 30, 

    

2024

    

2023

    

2024

    

2023

General and administrative

$

1,274,238

$

1,235,219

$

4,852,244

$

4,157,704

Research and development

 

777,045

 

481,974

 

2,617,244

 

1,372,985

Total

$

2,051,283

$

1,717,193

$

7,469,488

$

5,530,689

Schedule of employee and non-employee stock option

Number of

Weighted Average

Aggregate

    

Options

    

Exercise Price

    

Intrinsic Value

Outstanding at December 31, 2023

 

8,232,404

$

3.46

 

Granted

 

2,732,226

 

5.25

 

  

Exercised

 

(107,073)

 

1.98

 

$

305,501

Expired/Cancelled

 

(406,361)

 

5.33

 

  

Outstanding at September 30, 2024

 

10,451,196

$

3.87

$

118,501,497

Exercisable at September 30, 2024

 

6,118,062

$

3.36

$

72,516,118