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TERM LOAN (Tables)
 9 Months Ended
Sep. 30, 2023
Term Loan  
SCHEDULE OF FAIR VALUE OF NON-TRANSFERABLE WARRANTS ASSUMPTIONS

The fair value of the Non-Transferable Warrants was calculated using the following assumptions:

  

   June 28,
2023		 
Expected dividend yield   0%
Stock price  $1.35 
Expected share price volatility   92.06%
Risk free interest rate   4.13%
Expected life of warrant   3 years 
SCHEDULE OF TERM LOAN

The following is a continuity of the Term Loan

  

   $ 
Principal amount of the Term Loan   15,000,000 
Fair value of the attached warrants   (1,587,232)
Term Loan at fair value on issuance, Jun 28, 2023   13,412,768 
Transaction costs   (695,798)
Accrued interest   390,411 
Interest paid   (390,411)
Amortization of warrant fair value and transaction costs   199,740 
    12,916,710