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STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Sep. 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			(622	)			3,126
Outstanding, September 30, 2024			3,952,504			$	3.84				3.55
Exercisable, September 30, 2024			3,952,504			$	3.84				3.55

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 Nine Months Ended
		September 30,
		2024				2023
Risk free interest rate			4.14 - 4.30%				4.22%
Expected term (years)			2.77 - 5.38				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 nine months ended September 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, September 30, 2024			3,401,608			$	2.60				7.8			$	-
Exercisable, September 30, 2024			2,351,081			$	3.03				7.4			$	-

SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS

A summary of the Company’s unvested RSUs as of September 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 September 30, 2024			-

SCHEDULE OF STOCK OPTION EXPENSE

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

SCHEDULE OF STOCK OPTION EXPENSE 

		For the Three Months Ended								For the Nine Months Ended								Unrecognized at				Weighted Average Remaining Amortization
		September 30,								September 30,								September 30,				Period
		2024				2023				2024				2023				2024				(Years)
General and administrative		$	284,245			$	1,493,704			$	2,636,941			$	6,318,562			$	1,060,129				1.64
Total		$	284,245			$	1,493,704			$	2,636,941			$	6,318,562			$	1,060,129				1.64

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 Nine Months Ended
		September 30,								September 30,
		2024				2023				2024				2023
Options		$	284,245			$	329,570			$	1,651,903			$	2,802,224
RSUs			-				1,164,134				985,038				3,516,338
Total		$	284,245			$	1,493,704			$	2,636,941			$	6,318,562

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