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STOCKHOLDERS’ EQUITY (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

SCHEDULE OF WARRANT ACTIVITY

A summary of the Company’s warrant activity and related information follows:

 SCHEDULE OF WARRANT ACTIVITY 

										Weighted
						Weighted				Average
						Average				Remaining
		Number of				Exercise				Life
		Warrants				Price				In Years
Outstanding, January 1, 2024			4,791,019			$	10.57
Granted			2,513,686				2.43
Exercised			(3,351,580	)			2.33
Expired			(614	)			3,136.85
Outstanding, June 30, 2024			3,952,511			$	3.85				3.8
Exercisable, June 30, 2024			3,952,511			$	3.85				3.8

SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS

In applying the Black-Scholes option pricing model to stock options granted, the Company used the following assumptions:

 SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS 

		For the Six Months Ended
		June 30,
		2024				2023
Risk free interest rate			4.14 - 4.30%				4.22	%
Expected term (years)			2.77 - 5.27				3.5
Expected volatility			101 - 102%				175	%
Expected dividends			0.00	%			0.00	%

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the stock option activity during the six months ended June 30, 2024 is presented below:

SCHEDULE OF STOCK OPTION ACTIVITY 

										Weighted
						Weighted				Average
						Average				Remaining
		Number of				Exercise				Life				Intrinsic
		Options				Price				In Years				Value
Outstanding, January 1, 2024			1,466,892			$	4.11
Granted			1,934,716				1.45
Exercised			-				-
Forfeited			-				-
Outstanding, June 30, 2024			3,401,608			$	2.60				8.0			$	-
Exercisable, June 30, 2024			2,189,947			$	3.12				7.6			$	-

SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS

A summary of the Company’s unvested RSUs as of June 30, 2024 is as follows:

SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS 

		Number of Shares
Non-vested at January 1, 2024			97,827
Granted			-
Vested			(97,827	)
Forfeited			-
Non-vested at June 30, 2024			-

SCHEDULE OF STOCK OPTION EXPENSE

The following table presents information related to stock-based compensation expense:

SCHEDULE OF STOCK OPTION EXPENSE 

																						Weighted Average
		For the Three Months Ended June 30,								For the Six Months Ended June 30,								Unrecognized at June 30,				Remaining Amortization Period
		2024				2023				2024				2023				2024				(Years)
General and administrative		$	324,322			$	1,485,668			$	2,352,696			$	4,864,166			$	1,344,375				1.86
Total		$	324,322			$	1,485,668			$	2,352,696			$	4,864,166			$	1,344,375				1.86

SCHEDULE OF STOCK COMPENSATION BY AWARD TYPE

The following table presents stock-based compensation by award type:

SCHEDULE OF STOCK COMPENSATION BY AWARD TYPE

		For the Three Months Ended								For the Six Months Ended
		June 30,								June 30,
		2024				2023				2024				2023
Options		$	324,322			$	321,534			$	1,367,658			$	2,511,962
RSUs			-				1,164,134				985,038				2,352,204
Total		$	324,322			$	1,485,668			$	2,352,696			$	4,864,166

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