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FAIR VALUE MEASUREMENT (Tables) | 9 Months Ended
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Sep. 30, 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% |
|  | September 30, 2024 |
Risk free interest rate |  |  | 3.58%-3.64% |
Expected term (years) |  |  | 2.11 - 4.36 |
Expected volatility |  |  | 99% - 109% |
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 nine months ended September 30, 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 warrant liability |  |  | 837,466 |
Balance, September 30, 2024 |  | $ | 3,455,505 |
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 September 30, 2024 |  | $ | 11,598,417 |  |  | $ | - |  |  | $ | - |  |  | $ | 11,598,417 |
Marketable securities as of December 31, 2023 |  | $ | 10,181,618 |  |  | $ | - |  |  | $ | - |  |  | $ | 10,181,618 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liabilities as of September 30, 2024 |  | $ | - |  |  | $ | - |  |  | $ | 3,455,505 |  |  | $ | 3,455,505 |
Warrant liabilities as of December 31, 2023 (as restated) |  | $ | - |  |  | $ | - |  |  | $ | 1,543,953 |  |  | $ | 1,543,953 |

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- 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 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition 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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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