XML 61 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Measurements for Assets and Liabilities | The following tables summarize the fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis as of: Schedule of Fair Value Measurements for Assets and Liabilities December 31, 2023
Description |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock warrants |  | $ | — |  |  | $ | — |  |  | $ | 35,453 |  |  | $ | 35,453 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 35,453 |  |  | $ | 35,453 |
December 31, 2022
Description |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock warrants |  | $ | — |  |  | $ | — |  |  | $ | 70,283 |  |  | $ | 70,283 |
2022 Convertible Notes |  |  | — |  |  |  | — |  |  |  | 5,600,000 |  |  |  | 5,600,000 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 5,670,283 |  |  | $ | 5,567,283 |
Schedule of Changes in Level 3 Instruments Measured on a Recurring Basis | The following table presents the changes in Level 3 instruments measured on a recurring basis for the period ended December 31, 2023: Schedule of Changes in Level 3 Instruments Measured on a Recurring Basis
Balance at December 31, 2021 |  | $ | 71,104 |
Change in fair value of warrants |  |  | (821 | )
Issuance of 2022 Convertible Notes |  |  | 4,350,000 |
Change in fair value of 2022 Convertible Notes |  |  | 1,250,000 |
Balance at December 31, 2022 |  |  | 5,670,283 |
Changes in fair value of warrants |  |  | (34,830 | )
Changes in fair value of 2022 Convertible Notes |  |  | 3,630,100 |
Conversion of 2022 Convertible Notes |  |  | (9,230,100 | )
Balance at December 31, 2023 |  |  | 35,453 |
Schedule of Fair Value of Warrants Using Black Scholes Option Pricing Model | At December 31, 2023 and 2022, the Company estimated the fair value of the warrants using the Black-Scholes option pricing model with the following assumptions: Schedule of Fair Value of Warrants Using Black Scholes Option Pricing Model
|  | December 31, 2023 |  |  | December 31, 2022 |
Underlying common stock value |  | $ | 0.92 |  |  | $ | 1.70 |
Expected term (years) |  |  | 4.29 |  |  |  | 5.00 |
Expected volatility |  |  | 99 | % |  |  | 86 | %
Risk free interest rate |  |  | 4 | % |  |  | 3 | %
Dividend yield |  |  | — | % |  |  | — | %

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration