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NET INCOME (LOSS) PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
SCHEDULE OF RECONCILIATION OF NET LOSS | The below table is a reconciliation of net income (loss) attributable to common stockholders. Given the Company’s net loss, basic and diluted net loss per share for the periods ended June 30, 2025 are the same. SCHEDULE OF RECONCILIATION OF NET LOSS
|  | Three months ended June 30, 2025 |  |  | Six months ended June 30, 2025 |
Numerator: |  |  |  |  |  |  |  |
Net loss |  | $ | (5,503,979 | ) |  | $ | (15,871,040 | )
Series A cumulative preferred stock dividend |  |  | (24,931 | ) |  |  | (49,863 | )
Series C cumulative preferred stock dividend |  |  | (112,192 | ) |  |  | (224,384 | )
Net loss attributable to common stockholders, basic |  | $ | (5,641,102 | ) |  | $ | (16,145,287 | )
|  | Three months ended June 30, 2024 |  |  | Six months ended June 30, 2024 |
Numerator: |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (9,663,447 | ) |  | $ | 1,601,395 |
Series A cumulative preferred stock dividend |  |  | (24,932 | ) |  |  | (26,301 | )
Series B repurchase |  |  | 3,613,000 |  |  |  | 3,613,000 |
Undistributed earnings allocated to participating securities |  |  | — |  |  |  | (143,187 | )
Net (loss) income attributable to common stockholders, basic |  | $ | (6,075,379 | ) |  | $ | 5,044,907 |
Denominator: |  |  |  |  |  |  |  |
Weighted average common stock outstanding, basic |  |  | 154,167,090 |  |  |  | 145,655,205 |
Net (loss) income per share attributable to common stockholders, basic |  | $ | (0.04 | ) |  | $ | 0.03 |
Weighted average common stock outstanding, basic |  |  | 154,167,090 |  |  |  | 145,655,205 |
Effect of potentially dilutive convertible promissory notes |  |  | — |  |  |  | 2,499,156 |
Total potentially dilutive securities |  |  | — |  |  |  | 2,499,156 |
Weighted average common stock outstanding, diluted |  |  | 154,167,090 |  |  |  | 148,154,361 |
Net loss per share attributable to common stockholders - basic and diluted |  | $ | (0.04 | ) |  | $ | (0.29 | )
SCHEDULE OF ANTI-DILUTIVE NET LOSS PER SHARE | SCHEDULE OF ANTI-DILUTIVE NET LOSS PER SHARE
|  | June 30, |
|  | 2025 |  |  | 2024 |
Outstanding restricted stock units (a) |  |  | 3,562,440 |  |  |  | 3,725,766 |
Restricted Stock |  |  | 28,598,954 |  |  |  | 19,348,954 |
Public warrants |  |  | 17,386,580 |  |  |  | 17,249,978 |
Private warrants |  |  | 588,398 |  |  |  | 725,000 |
Earnout Shares |  |  | 24,500,000 |  |  |  | 24,500,000 |
Total |  |  | 74,636,372 |  |  |  | 65,549,698 |
(a) | As of June 30, 2025 there were an additional 216,398 RSUs that had vested but had not been legally settled into common stock and therefore were included in the basic net income per share.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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