XML 102 R36.htm IDEA: XBRL DOCUMENT v3.24.3
STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 28, 2024
Aug. 31, 2021
Jun. 30, 2021
Feb. 29, 2020
Jun. 30, 2024
Mar. 31, 2024
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Aug. 10, 2023
Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Shares authorized         59,000,000     59,000,000          
Common stock, shares authorized         55,000,000     55,000,000   55,000,000 55,000,000 59,000,000  
Common stock par value         $ 0.0001     $ 0.0001   $ 0.0001 $ 0.0001 $ 0.0001  
Preferred stock, shares authorized         4,000,000     4,000,000   4,000,000 0    
Preferred stock par value         $ 0.0001     $ 0.0001   $ 0.0001 $ 0.0001    
Preferred stock, shares issued         0     0   0 0    
Preferred stock, shares outstanding         0     0   0 0    
Reserved for common stock future issuance         3,284,488     3,284,488          
Number of warrants outstanding         25,221,406     25,221,406   25,975,001      
Exercise price                   $ 11.50      
Warrant exercise price                   $ 2.58 $ 17.47    
Proceeds from of common stock gross               $ 1,727,279 $ 1,588,695 $ 2,829,395 $ 3,000,760    
Offering costs         $ 800,000     $ 800,000   800,000    
Number of shares issued         $ 617,279 $ 1,110,000 $ 1,512,260     $ 1,512,260 $ 2,904,160    
Number of options granted               68,080 458,080 284,016    
Options exercisable         $ 6.91     $ 6.91   $ 7.64      
Stock based compensation               $ 2,401,046 $ 2,755,087 $ 6,645,891 $ 6,942,653    
Unrecognized stock-based compensation         $ 2,289,000     $ 2,289,000   $ 4,690,000      
Weighted average exercise price         $ 6.14     $ 6.14 $ 6.59 $ 6.14 $ 6.48   $ 6.09
Total options outstanding         3,659,015     3,659,015 3,269,015 3,659,015 3,216,408   2,932,392
Options were available for grant               $ 10.42 $ 3.91 $ 10.42    
Revision of Prior Period, Adjustment [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Preferred stock, shares issued                   1,702      
Preferred stock, shares outstanding                   1,702      
Share-Based Payment Arrangement, Option [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of options granted                 68,080 458,080 284,016    
Options term                 10 years 10 years 10 years    
Options exercisable                 $ 10.42   $ 10.42    
Number of options vested                 6,189 35,000 42,643    
Grant date fair value                 $ 1,271,040 $ 2,113,000 $ 4,774,000    
Weighted average exercise price                   $ 6.19      
Options vesting period                   3 years      
Total options outstanding                   3,659,015      
Options were available for grant                   $ 19,802      
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche One [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of options vested                   6,189      
Restricted Stock Units (RSUs) [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Stock based compensation                   $ 1,280,970      
Maximum [Member] | Share-Based Payment Arrangement, Option [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Weighted average exercise price                   $ 10.42      
Minimum [Member] | Share-Based Payment Arrangement, Option [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Weighted average exercise price                   $ 2.50      
Securities Purchase Agreement [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares issued, shares 250,000                        
Proceeds from of common stock gross $ 1,345,025                        
Offering costs $ 155,000                        
Cash fees         $ 1,050,000     $ 1,050,000          
Placement Agency Agreement [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Equal fee percentage               7.00%          
Legal fees               $ 15,000          
Maxim total               $ 120,000          
Omnibus Incentive Plan [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Reserved for common stock future issuance         19,802     19,802   19,802      
2018 Plan [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Reserved for common stock future issuance         2,320,897     2,320,897 2,320,897 2,320,897 2,320,897    
2021 Plan [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Issuance of share based compensation   154,726                 464,179    
Business Combination [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares issued upon the consummation of business combination               4,523,167          
Reserved for common stock future issuance         148,950     148,950          
Series B Preferred Stock [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Preferred stock, shares authorized         5,000     5,000   5,000      
Preferred stock par value         $ 0.0001     $ 0.0001   $ 0.0001      
Preferred stock, shares issued         150     150   0      
Preferred stock, shares outstanding         150     150   0      
Beneficial ownership limitation description               Each share of Series B Preferred Stock is convertible into a number of shares of Jet.AI Common Stock, subject to certain limitations, including a beneficial ownership limitation of 4.99% (calculated in accordance with the rules promulgated under Section 13(d) of the Securities Exchange Act of 1934), which can be adjusted to a beneficial ownership limitation of 9.99% upon 61 days prior written notice by Iconic. Prior to the approval by the Company’s stockholders of the issuance of shares of common stock issuable upon exercise of the shares of Series B Preferred Stock in accordance with Nasdaq Stock Market Rules, shares of Series B Preferred Stock cannot be converted into shares of common stock if, as a result of such conversion, the number of shares of common stock to be issued would exceed 19.9% of the total number of shares of the Company’s outstanding common stock.          
Conversion amount               $ 10,000          
Preferred stock redeemed price               110.00%          
Series A And Series A One Preferred Stock [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Preferred stock, shares issued         1,702     1,702          
Preferred stock, shares outstanding         1,702     1,702          
Series B Convertible Preferred Stock [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Preferred stock, shares issued         150     150          
Preferred stock, shares outstanding         150     150          
Series B Convertible Preferred Stock [Member] | Securities Purchase Agreement [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares issued, shares 150                        
Warrant purchase shares 1,500                        
Warrant exercise price $ 10,000                        
Nonvoting Common Stock [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Gross proceeds                   $ 18,598      
Nonvoting Common Stock [Member] | Restricted Stock Units (RSUs) [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares granted   148,950                      
Nonvoting Common Stock [Member] | Jet Token Inc [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Share price per share     $ 24 $ 9.69                  
Number of shares issued, shares     902,777 1,031,510       65,960     119,407    
Proceeds from of common stock gross                   $ 1,598,630 $ 2,901,106    
Number of shares issued               $ 1,588,695          
Sale of stock, consideration received on transaction                   1,915      
Shares issued escrow funds                   65,960      
Escrow deposit                   $ 6,724      
Nonvoting Common Stock [Member] | Jet Token Inc [Member] | Maximum [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares issued     $ 21,880,000 $ 10,000,000                  
Nonvoting Common Stock [Member] | Escrow [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Proceeds from of common stock gross                     $ 15,544    
Common Stock [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Common stock, shares authorized         55,000,000     55,000,000       55,000,000  
Common stock par value         $ 0.0001     $ 0.0001       $ 0.0001  
Reserved for common stock future issuance                   3,284,488      
Number of shares issued, shares         2,200,000 1,000,000 65,960     65,960 121,323    
Number of shares issued         $ 220 $ 100 $ 7     $ 7 $ 12    
Common Stock [Member] | Restricted Stock Units (RSUs) [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Reserved for common stock future issuance                   148,950      
Common Stock [Member] | 2021 Plan [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Issuance of share based compensation                     464,179    
Common Stock [Member] | Business Combination [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares issued upon the consummation of business combination                   4,523,167      
Preferred Stock [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Preferred stock, shares authorized         4,000,000     4,000,000       4,000,000  
Preferred stock par value         $ 0.0001     $ 0.0001       $ 0.0001  
Preferred Stock [Member] | Series B Preferred Stock [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares issued                    
Warrant [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of warrants outstanding         5,760,000     5,760,000   5,760,000      
Exercise price         $ 11.50     $ 11.50          
Warrant [Member] | Restricted Stock Units (RSUs) [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Reserved for common stock future issuance                   237,030      
Share price per share                   $ 15.00      
Warrant [Member] | Business Combination [Member]                          
Accumulated Other Comprehensive Income (Loss) [Line Items]                          
Number of shares issued upon the consummation of business combination               7,196,375   7,196,375      
Reserved for common stock future issuance         237,030     237,030          
Share price per share         $ 15.00     $ 15.00