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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENT

 

Balance at January 1, 2023  $39,297,000 
Initial fair value at issuance   4,000,000 
Accrued interest expense   1,206,697 
Change in fair value   50,428,303 
Balance at December 31, 2023   94,932,000 
Accrued interest expense   159,305 
Change in fair value   (48,468,678)
Derecognition upon conversion of convertible promissory notes   (46,622,627)
Balance at December 31, 2024  $ 
SCHEDULE OF FAIR VALUES OF WARRANTS

 

  

Derivative

warrant liabilities

  

Written call option

derivative liabilities

 
Balance at February 15, 2024  $   $ 
Initial fair value at issuance   29,000    375,000 
Change in fair value   58,180    (375,000)
Balance at December 31, 2024  $87,180   $ 
SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

 

   Level   Quoted Prices in
Active Markets
(Level 1)
   Significant Other
Observable Inputs
(Level 2)
   Significant Other
Unobservable
Inputs (Level 3)
 
Liabilities:                                         
Derivative warrant liabilities   3   $   $   $87,180 
SCHEDULE OF PROPERTY AND EQUIPMENT USEFUL LIFE

Property and equipment is recorded at cost. Depreciation and amortization is provided using straight-line methods over their respective estimated useful lives. Repairs and maintenance, which do not extend the useful lives of the related assets, are expensed as incurred.

 

Estimated Useful Lives  Years 
Computer software  5 
Leasehold improvements  3-4 
Office equipment  5 
Furniture and fixtures  7