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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF RESTRICTED STOCK AND RSU ACTIVITY

Restricted Stock and RSU activity was as follows:

 SCHEDULE OF RESTRICTED STOCK AND RSU ACTIVITY

		Service-Based Restricted Stock and RSUs								Performance-Based RSUs
		Shares				Weighted average grant-date fair value				Shares				Weighted average grant-date fair value
Nonvested as of January 1, 2024			—			$	—				10,900,128			$	2.97
Granted			20,239,804				4.33				—				—
Vested			(12,000	)			0.59				(9,178,656	)			2.85
Forfeited			—				—				—				—
Nonvested as of September 30, 2024			20,227,804			$	4.33				1,721,472			$	3.19

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

The Company recorded stock-based compensation expense in the following expense categories in the accompanying consolidated statements of operations:

 SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

		Three months ended				Nine months ended
		September 30, 2024				September 30, 2024
Research and development		$	2,185,958			$	24,932,798
General and administrative			1,141,693				8,870,322
Total		$	3,327,651			$	33,803,120

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- References

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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