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FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2024

Investments, All Other Investments [Abstract]

SCHEDULE OF FAIR VALUE VALUATION ASSUMPTIONS

SCHEDULE OF FAIR VALUE VALUATION ASSUMPTIONS

		February 8, 2024
Risk free interest rate			4.20 - 4.28	%
Expected term (years)			2.75 - 2.76
Expected volatility			102	%
Expected dividends			0.00	%

 

The following table shows the detail of the valuation assumptions used:

		February 8, 2024
Risk free interest rate			4.12	%
Expected term (years)			5.00
Expected volatility			101	%
Expected dividends			0.00	%

		March 31, 2024
Risk free interest rate			4.21 - 4.22	%
Expected term (years)			2.61 - 4.86
Expected volatility			101	%
Expected dividends			0.00	%

 

SCHEDULE OF FAIR VALUE MEASURED ON RECURRING BASIS

The following table sets forth a summary of the changes in the fair value of Level 3 liabilities that are measured at fair value on a recurring basis during the three months ended March 31, 2024:

 SCHEDULE OF FAIR VALUE MEASURED ON RECURRING BASIS

Balance, January 1, 2024 (as restated)		$	1,543,953
Issuance of warrants			2,189,420
Exercise of warrants			(1,115,334	)
Change in fair value of derivative liability			137,319
Balance, March 31, 2024		$	2,755,358

SCHEDULE OF FAIR VALUE RECURRING BASIS

 SCHEDULE OF FAIR VALUE RECURRING BASIS

		Fair value measurements at reporting date using:
		Quoted prices in active markets for identical liabilities (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Total Fair Value
Assets:
Marketable securities as of March 31, 2024		$	15,261,220			$	-			$	-			$	15,261,220
Marketable securities as of December 31, 2023		$	10,181,618			$	-			$	-			$	10,181,618
Liabilities:
Derivative liabilities as of March 31, 2024		$	-			$	-			$	2,755,358			$	2,755,358
Derivative liabilities as of December 31, 2023 (as restated)		$	-			$	-			$	1,543,953			$	1,543,953

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
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Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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