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Stockholders’ Equity (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Equity [Abstract]

Schedule of Warrants Activity

A summary of activity regarding all warrants issued for the six months ended June 30, 2024 were as follows:

Schedule of Warrants Activity

		Number of				Weighted Average				Average
		Warrants Shares				Exercise Price				Life (years)
Outstanding, December 31, 2023			184,000			$	23.20				2.77
Granted			-				-				-
Outstanding, June 30, 2024			184,000			$	23.20				2.29

A summary of activity regarding all warrants issued for the year ended December 31, 2023 and 2022 were as follows:

 Schedule of Warrants Activity

		Number of				Weighted Average				Weighted Average
		Warrants				Exercise Price				Life (years)
		(as restated)				(as restated)				(as restated)
Outstanding, December 31, 2021			62,500			$	8.00				4.99
Granted(1)			270,910				14.57				4.68
Exercised(2)			(285,579	)			9.58				—
Outstanding, December 31, 2022			47,831				35.77				2.78
Granted - Boustead			8,909				18.80				5.00
Granted - Ayrton			127,260				18.80				4.00
Outstanding, December 31, 2023			184,000				23.21				2.77

	(1)	Granted warrants include those granted on the issuance of the August 2022 Promissory Notes (3,750 warrants); Notes Payable – Related Parties (2,500 warrants); upon conversion of the Series A Preferred Shares (42,114 warrants); automatic conversion of the 2022 Convertible Notes (18,447 warrants); issued during the IPO, including overallotment option (176,222 warrants) and issued to Boustead Securities LLC (27,877 warrants).
	(2)	Exercised warrants include the exercise of the warrants issued with the December 2021 Notes (62,500 warrants); the exercise of the warrants issued with the August 2022 Notes (3,750 warrants); the exercise of the warrants issued upon conversion of the Convertible Notes (18,447 warrants); and the exercise of the warrants issued during the IPO, including overallotment option (176,222 warrants), and warrants exercised on a cashless basis (24,660 warrants).

Schedule of Restricted Stock Units (RSUs)

A summary of activity regarding the Restricted Stock Units issued follows:

Schedule of Restricted Stock Units (RSUs)

		Number of RSUs				Weighted Average Fair Value Per RSU
Outstanding, December 31, 2023			24,731			$	11.76
Granted			53,455				2.65
Vested			(19,347	)			7.58
Outstanding, June 30, 2024			58,839			$	4.87

A summary of activity regarding the Restricted Stock Units issued follows:

 Schedule of Restricted Stock Units (RSUs)

		Number of Shares				Weighted Average Grant Date Fair Value Per Share
Outstanding, December 31, 2021 (as restated)			2,017			$	185.60
Granted			4,449				22.48
Vested (as restated)			(3,500	)			116.48
Outstanding, December 31, 2022 (as restated)			2,966			$	22.48
Granted			32,415				10.88
Vested (as restated)			(10,650	)			12.00
Outstanding, December 31, 2023			24,731			$	11.76

Schedule of Restricted Stock Units

  Schedule of Restricted Stock Units 

		2023				2022
		Year ended December 31,
		2023				2022
						(as restated)
Recognized in general and administrative expense		$	115,000			$	105,582
Recognized in research and development expense			66,960				131,965
Total		$	181,960			$	237,547

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

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