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STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of stock option award activity

Schedule of stock option award activity
		Number of options				Weighted Average Exercise Price				Weighted Average Remaining Life In Years
Outstanding December 31, 2023			2,281,879			$	0.89				8.75
Issued			581,250				0.94				5.00
Exercised			-				-				-
Expired or cancelled			-				-				-
Outstanding September 30, 2024			2,863,129			$	0.90				8.27

Schedule of additional information about stock options

	Schedule of additional information about stock options
Exercise Price				Outstanding Number of Options				Weighted Average Remaining Life In Years				Exercisable Number of Options
$	0.89				2,281,879			$	8.75				1,152,125
$	0.94				581,250				5.00				581,250
					2,863,129			$	8.27				1,733,375

Schedule of assumptions

Schedule of assumptions
		September 30, 2024
Volatility			103.8	%
Expected dividends		$	-
Risk-free interest rate			3.66	%
Expected term (years)			5.0

For the stock options outstanding as of December 31,2023, we used the following weighted average assumptions to estimate the fair value of stock options:

		December 31, 2023
Volatility			99.0	%
Expected dividends		$	-
Risk-free interest rate			4.61	%
Expected term (years)			9.5

Schedule of warrants

Schedule of warrants
		Number of warrants				Weighted Average Exercise Price
Outstanding December 31, 2023			2,662,250			$	4.15
Issued			-				-
Exercised			-				-
Expired or cancelled			-				-
Outstanding September 30, 2024			2,662,250			$	4.15

Summary information about warrants to purchase

	Summary information about warrants to purchase
Exercise Price				Outstanding Number of Warrants				Weighted Average Remaining Life In Years				Weighted Average Exercise Price				Exercisable Number of Warrants
$	4.15				2,315,000				1.00			$	4.15				2,135,000
$	4.15				347,250				1.00				4.15				347,250
					2,662,250				1.00			$	4.15				2,662,250

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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