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STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
SCHEDULE OF WARRANT ACTIVITY

A summary of the warrant activity during the year ended December 31, 2024 is presented below:

  

           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   (1,491)   1,770      
Outstanding, December 31, 2024   3,951,634   $5.22    3.30 
                
Exercisable, December 31, 2024   3,951,634   $5.22    3.30 
SCHEDULE OF STOCK WARRANTS

The following table presents information related to stock warrants at December 31, 2024:

 

Warrants Outstanding   Warrants Exercisable 
        Weighted     
    Outstanding   Average   Exercisable 
Exercise   Number of   Remaining Life   Number of 
Price   Warrants   In Years   Warrants 
              
$2.43    2,513,686    4.1    2,513,686 
$2.92    51,370    2.9    51,370 
$10.00    1,150,358    1.9    1,150,358 
$12.00    235,970    1.9    235,970 
$60.00    250    0.0    250 
      3,951,634         3,951,634 
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the option activity during the year ended December 31, 2024 is presented below:

 

           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   (138,141)   1.76           
Outstanding, December 31, 2024   3,263,467   $2.63    7.5   $- 
Exercisable, December 31, 2024   2,499,132   $2.95    7.1   $- 
SCHEDULE OF INFORMATION RELATED TO STOCK OPTIONS

The following table presents information related to stock options at December 31, 2024:

 

Options Outstanding   Options Exercisable 
        Weighted     
    Outstanding   Average   Exercisable 
Exercise   Number of   Remaining Life   Number of 
Price   Options   In Years   Options 
              
$1.45    1,825,067    8.1    1,138,579 
$2.91    626,215    6.7    548,368 
$5.08    812,185    5.9    812,185 
      3,263,467         2,499,132 
SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS

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

 

   For the Years Ended 
   December 31, 
   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%    175.00%
Expected dividends   0.00%   0.00%
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS

A summary of the unvested RSUs as of December 31, 2024 is as follows:

 

   Number of Shares 
Non-vested at January 1, 2024   97,827 
Granted   - 
Vested   (97,827)
Forfeited   - 
Non-vested at December 31, 2024   - 
SCHEDULE OF STOCK OPTION EXPENSE

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

 

   For the Years Ended December 31,   Unrecognized at December 31,   Weighted Average Remaining Amortization Period 
   2024   2023   2024   (Years) 
General and administrative  $2,812,566   $7,782,967   $774,470    0.95 
Total  $2,812,566   $7,782,967   $774,470    0.95