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Related Party Transactions and Balances (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Related Party Transactions and Balances [Abstract]

Schedule of Key Management Personnel Compensation

Summary of key management personnel compensation:

		For the six months ended
		June 30, 2024			June 30, 2023
Management fees and salaries in research and development		$	372,786		$	220,054
Management fees and salaries in general and administrative expenses			725,279			519,148
Share-based compensation in research and development			264,722			259,791
Share-based compensation in general and administrative Expenses			453,868			953,612
Total related party transactions		$	1,816,655		$	1,952,605

Summary of key management personnel compensation:

		For the Years Ended
		December 31, 2023			December 31, 2022
Other general and administrative		$	—		$	9,555
Other research and development			—			10,500
Management fees and salaries			1,490,459			1,166,371
Research and development – management fees and salaries			703,453			939,712
Share-based compensation			2,351,281			1,576,235
Total related party transactions		$	4,545,193		$	3,702,373

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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