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FAIR VALUE (Tables) | 12 Months Ended
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Dec. 31, 2024
SCHEDULE OF FAIR VALUE HIERARCHY OF VALUATION INPUTS ON RECURRING BASIS | The following table provides the financial liabilities measured on a recurring basis and reported at fair value on the balance sheet as of December 31, 2024 and 2023, and indicates the fair value of the valuation inputs the Company utilized to determine such fair value of warrant liabilities and investment options: SCHEDULE OF FAIR VALUE HIERARCHY OF VALUATION INPUTS ON RECURRING BASIS
|  | Level |  | December 31, 2024 |  |  | December 31, 2023 |
Warrant liabilities - January 2021 Warrants |  | 3 |  | $ | — |  |  | $ | 4 |
Warrant liabilities - February 2021 Warrants |  | 3 |  |  | — |  |  |  | 4 |
Warrant liabilities - February 2022 Warrants |  | 3 |  |  | 1,100 |  |  |  | 25,462 |
Fair value of warrant liability |  |  |  | $ | 1,100 |  |  | $ | 25,470 |
|  | Level |  | December 31, 2024 |  |  | December 31, 2023 |
Wainwright investment options |  | 3 |  | $ | 1,988 |  |  | $ | 23,608 |
Fair value of investment option liability |  |  |  | $ | 1,988 |  |  | $ | 23,608 |
Subsequent Measurement [Member] |
SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES AND DERIVATIVE LIABILITY AND INVESTMENT OPTIONS | The following table presents the changes in fair value of the warrant liabilities, derivative liability, and investment options that are classified as Level 3: SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES AND DERIVATIVE LIABILITY AND INVESTMENT OPTIONS
|  | Total Warrant Liabilities |
Fair value as of December 31, 2022 |  | $ | 185,215 |
Exercise of warrants |  |  | (65,349 | )
Change in fair value |  |  | (94,396 | )
Fair value as of December 31, 2023 |  | $ | 25,470 |
Change in fair value |  |  | (24,370 | )
Fair value as of December 31, 2024 |  | $ | 1,100 |
|  | Total Derivative Liability |
Fair value as of December 31, 2022 |  | $ | 727,000 |
Change in fair value arising from redemption of Akos Series A Preferred Stock - See Note 9 |  |  | (727,000 | )
Redemption of Series A Preferred Stock |  |  | — |
Fair value as of December 31, 2023 |  | $ | — |
There was no activity related to the derivative liability during the year ended December 31, 2024.
|  | Total Investment Options |
Fair value as of December 31, 2022 |  | $ | 851,008 |
Change in fair value |  |  | (208,752 | )
Exercise of investment options |  |  | (618,648 | )
Fair value of investment option liability as of December 31, 2023 |  | $ | 23,608 |
Change in fair value |  |  | (21,620 | )
Fair value of investment option liability as of December 31, 2024 |  | $ | 1,988 |
SCHEDULE OF BLACK SCHOLES VALUATION MODELS OF WARRANT LIABILITIES AND INVESTMENT OPTIONS | The key inputs into the Black Scholes valuation model for the Level 3 valuations of the warrant liabilities as of December 31, 2024 are below: SCHEDULE OF BLACK SCHOLES VALUATION MODELS OF WARRANT LIABILITIES AND INVESTMENT OPTIONS
|  | January 2021 Warrants |  |  | February 2021 Warrants |  |  | February 2022 Warrants |
Term (years) |  |  | 1.0 |  |  |  | 1.1 |  |  |  | 2.1 |
Stock price |  | $ | 5.38 |  |  | $ | 5.38 |  |  | $ | 5.38 |
Exercise price |  | $ | 3,712.50 |  |  | $ | 3,675.00 |  |  | $ | 412.50 |
Dividend yield |  |  | — | % |  |  | — | % |  |  | — | %
Expected volatility |  |  | 90.0 | % |  |  | 90.0 | % |  |  | 106.0 | %
Risk free interest rate |  |  | 4.20 | % |  |  | 4.20 | % |  |  | 4.30 | %
Number of warrants |  |  | 2,429 |  |  |  | 2,286 |  |  |  | 22,534 |
Value (per share) |  | $ | — |  |  | $ | — |  |  | $ | 0.003 |
ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The key inputs into the Black Scholes valuation model for the Level 3 valuations of the warrant liabilities as of December 31, 2023 are below:
|  | January 2021 Warrants |  |  | February 2021 Warrants |  |  | February 2022 Warrants Unmodified |
Term (years) |  |  | 2.0 |  |  |  | 2.1 |  |  |  | 3.1 |
Stock price |  | $ | 19.50 |  |  | $ | 19.50 |  |  | $ | 19.50 |
Exercise price |  | $ | 3,712.50 |  |  | $ | 3,675.00 |  |  | $ | 412.50 |
Dividend yield |  |  | — | % |  |  | — | % |  |  | — | %
Expected volatility |  |  | 89.0 | % |  |  | 88.0 | % |  |  | 87.0 | %
Risk free interest rate |  |  | 4.20 | % |  |  | 4.20 | % |  |  | 4.00 | %
Number of warrants |  |  | 2,429 |  |  |  | 2,286 |  |  |  | 22,534 |
Value (per share) |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 1.20 |
The key inputs into the Black Scholes valuation model for the Level 3 valuations of the investment options as of December 31, 2024 are below:
|  | H.C. Wainwright & Co., LLC Options |
Term (years) |  |  | 2.6 |
Stock price |  | $ | 5.38 |
Exercise price |  | $ | 150.00 |
Dividend yield |  |  | — | %
Expected volatility |  |  | 108.0 | %
Risk free interest rate |  |  | 4.30 | %
Number of investment options |  |  | 4,667 |
Value (per share) |  | $ | 0.03 |
The key inputs into the Black Scholes valuation model for the Level 3 valuations of the investment options as of December 31, 2023 are below:
|  | H.C. Wainwright & Co., LLC Options |
Term (years) |  |  | 3.6 |
Stock price |  | $ | 19.50 |
Exercise price |  | $ | 150.00 |
Dividend yield |  |  | — | %
Expected volatility |  |  | 94.0 | %
Risk free interest rate |  |  | 4.0 | %
Number of investment options |  |  | 4,667 |
Value (per share) |  | $ | 5.10 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes 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 liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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