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STOCK AWARDS, WARRANTS AND OPTIONS (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of employee and non-employee stock based compensation expense

Year ended December 31, 

2024

2023

General and administrative

$

6,159,497

$

5,476,151

Research and development

 

3,605,667

 

1,916,245

Total

$

9,765,164

$

7,392,396

Warrant  
Schedule of warrant activity

Weighted Average

    

Warrants

    

Exercise Price

Outstanding at January 1, 2023

 

105,782

$

1.37

Granted

4,935,621

5.70

Exercised

Outstanding at December 31, 2023

 

5,041,403

$

5.61

Granted

Exercised

(105,782)

1.37

Outstanding at December 31, 2024

 

4,935,621

$

5.70

Schedule of outstanding warrants

Warrants Outstanding

December 31, 

December 31, 

Exercise Price

Expiration

Type

    

Grant Date

    

2024

    

2023

    

per Share

    

Date

Common Warrants

12/19/2019

 

40,782

$

1.10

12/19/2024

Common Warrants

3/27/2020

 

65,000

$

1.5313

3/27/2025

Common Warrants

10/3/2023

4,935,621

4,935,621

$

5.70

10/3/2030

4,935,621

5,041,403

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

    

Year ended December 31, 

 

2024

2023

Expected volatility

 

109 - 119

%  

111 - 121

%

Expected term

 

5 - 7 years

 

5 - 7 years

Dividend yield

 

0

%  

0

%

Risk-free interest rates

 

3.7 - 4.5

%  

3.5 - 4.5

%

Schedule of employee and non-employee stock option

Number of

Weighted Average

Aggregate

    

Options

    

Exercise Price

    

Intrinsic Value

Outstanding at January 1, 2023

 

5,776,839

$

2.97

 

Granted

 

3,425,979

 

4.32

 

  

Exercised

 

(182,405)

 

2.55

 

$

367,422

Expired/Cancelled

 

(788,009)

 

3.82

 

  

Outstanding at December 31, 2023

 

8,232,404

$

3.46

 

Granted

 

3,236,726

 

6.81

 

  

Exercised

 

(226,105)

 

2.60

 

$

1,973,252

Expired/Cancelled

 

(511,842)

 

5.79

 

  

Outstanding at December 31, 2024

 

10,731,183

$

4.38

$

101,787,480

Exercisable at December 31, 2024

 

6,568,089

$

3.44

$

68,037,248