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STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
SCHEDULE OF WARRANT ACTIVITY

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

 

           Weighted 
       Weighted   Average 
       Average   Remaining 
   Number of   Exercise   Life 
   Warrants   Price   In Years 
Outstanding, January 1, 2025   3,951,634   $5.22      
Expired   (250)   60.00      
Outstanding, March 31, 2025   3,951,384   $5.21    3.05 
                
Exercisable, March 31, 2025   3,951,384   $5.21    3.05 
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 Three Months Ended 
   March 31, 
   2025   2024 
Risk free interest rate  4.31 - 4.40%   4.14 - 4.30% 
Expected term (years)  2.77 - 5.38   2.77 - 5.27 
Expected volatility  98.65 - 99.10%   101 - 102% 
Expected dividends  0.00%   0.00% 
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the stock option activity during the three months ended March 31, 2025 is presented below:

 

           Weighted     
       Weighted   Average     
       Average   Remaining     
   Number of   Exercise   Life   Intrinsic 
   Options   Price   In Years   Value 
Outstanding, January 1, 2025   3,263,467   $2.63           
Granted   2,152,908    2.46           
Exercised   (29,249)   1.45           
Forfeited   (149,153)   2.23           
Outstanding, March 31, 2025   5,237,973   $2.58    8.3   $566,088 
                     
Exercisable, March 31, 2025   3,442,595   $2.79    7.6   $392,584 
SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

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

 

   For the Three Months Ended   Unrecognized at  

Weighted Average Remaining

Amortization

 
   March 31,   March 31,   Period 
   2025   2024   2025   (Years) 
General and administrative  $2,009,126   $2,028,374   $2,713,002    2.09 
Total  $2,009,126   $2,028,374   $2,713,002    2.09 
SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE BY AWARD TYPE

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

 

   2025   2024 
   For the Three Months Ended 
   March 31, 
   2025   2024 
Options  $2,009,126   $1,043,336 
RSUs   -    985,038 
Total  $2,009,126   $2,028,374