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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 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								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			19,348,954				4.51				—				—
Vested			—				—				(7,148,506	)			2.85
Forfeited			—				—				—				—
Nonvested as of March 31, 2024			19,348,954			$	4.51				3,751,622			$	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
		March 31, 2024
Research and development		$	19,735,896
General and administrative			6,597,353
Total		$	26,333,249

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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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