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STOCKHOLDERS’ DEFICIT (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
SCHEDULE OF RECONCILIATION OF SHARES OF COMMON STOCK ISSUED AND OUTSTANDING

Below is a reconciliation of shares of common stock issued and outstanding:

 

 SCHEDULE OF RECONCILIATION OF SHARES OF COMMON STOCK ISSUED AND OUTSTANDING

   March 31, 
   2024 
Total shares of common stock legally issued and outstanding   164,614,418 
Plus: Shares to be issued:     
Shares issuable to Polar (a)   1,500,000 
Vested Performance-Based RSUs from satisfaction of liquidity condition upon the Closing (b)   

7,148,506

 
Less: Shares subject to future vesting:     
Issuance of restricted common stock subject to forfeiture (c)   (19,348,954)
Total shares issued and outstanding   153,913,970 

 

  (a) Shares issuable to Polar under a subscription agreement as a result of the Merger. See Note 7 for additional information.
     
  (b)

As of March 31, 2024, there were Performance-Based RSUs that had vested when the liquidity condition applicable to such awards was satisfied upon the Closing but had not been legally settled into common stock. See Note 8 for additional information.

     
  (c) Dr. Saadi will automatically forfeit all unvested Restricted Stock granted pursuant to the Special RSU Award in the event he departs the Company. See Note 8 for additional information on the Special RSU Award.