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NET LOSS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
SCHEDULE OF ANTI-DILUTIVE NET LOSS PER SHARE

 

   2024   2023 
   September 30, 
   2024   2023 
Outstanding restricted stock units (a)   2,509,295    2,253,000 
Restricted Stock   19,348,954    — 
Public warrants   17,249,978    — 
Private warrants   725,000    — 
Convertible promissory notes (b)   —    279,706 
Earnout Shares   24,500,000    — 
Total   63,040,395    2,532,706 

 

(a)As of September 30, 2024 there were an additional 5,651,210 restricted stock units that had vested but had not been legally settled into common stock and therefore were included in the basic net income per share. See Note 8 for additional information.
(b)The number of shares were determined based on the conversion upon maturity provisions in the convertible promissory note agreements, dividing the conversion amount (principal plus accrued interest) by three times the estimated fair value of the Company’s common stock derived from the Company’s most recently completed convertible promissory notes valuation as of the balance sheet date.