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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2024
Stockholders' Equity [Abstract]  
Schedule of Equity-Classified Warrants There were no equity-classified warrants issued or outstanding during the three and six months ended June 30, 2023. The following table presents a summary of the activity for the Company’s equity-classified warrants during the three and six months ended June 30, 2024:
   Number of
Warrants
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual Life (Years)
 
Total outstanding, December 31, 2023   263,659   $74.00    4.47 
Granted   704,414    4.50    5.00 
Exercised   (41,630)   0.12    Indefinite 
Forfeited   
-
    
-
    
-
 
Expired   
-
    
-
    
-
 
Total outstanding, March 31, 2024   926,443   $24.47    4.67 
Granted   
-
    
-
    
-
 
Exercised   (41,629)   0.12    Indefinite 
Forfeited   
-
    
-
    
-
 
Expired   
-
    
-
    
-
 
Total outstanding, June 30, 2024   884,814   $25.62    4.41 
Total exercisable, June 30, 2024   884,814   $25.62    4.41 

 

Schedule of Assumptions Used In Determining the Fair Value of Equity-Classified Warrants Granted The following table summarizes the significant assumptions used in determining the fair value of equity-classified warrants granted during the six months ended June 30, 2024:
   January 31,
2024
 
Stock price  $3.36 
Exercise price  $5.08 
Risk-free interest rate   3.91%
Expected volatility   95.00%
Expected term (years)   5.00 
Expected dividend yield   0.00%