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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 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 and RSUs
		Shares				Weighted average grant-date fair value
Nonvested as of January 1, 2023			-				-
Granted			—				—
Vested			—				—
Forfeited			—				—
Nonvested as of December 31, 2023			—			$	—
Granted			29,329,882				3.31
Vested			(2,639,628	)			0.96
Forfeited			—				—
Nonvested as of December 31, 2024			26,690,254			$	3.54

		Performance-Based RSUs
		Shares				Weighted average grant-date fair value
Nonvested as of January 1, 2023			9,894,958				2.85
Granted			1,027,796				4.16
Vested			—				—
Forfeited			(22,626	)			4.39
Nonvested as of December 31, 2023			10,900,128			$	2.97
Granted			—				—
Vested			(9,610,540	)			2.87
Forfeited			—				—
Nonvested as of December 31, 2024			1,289,578			$	3.70

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 

		Year ended
		December 31, 2024
Research and development		$	27,019,781
General and administrative			13,744,355
Total		$	40,764,136

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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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