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SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
Equity [Abstract] |  |
SCHEDULE OF STOCK OPTION | A summary of the stock option activity under the Company’s incentive plan for the nine months ended September 30, 2024 is presented below: SCHEDULE OF STOCK OPTION
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2023 |  |  | 30,329 |  |  | $ | 57.17 |  |  | $ | 77.22 |  |  |  | 3.4 |  |  | $ | — |
Granted |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  |  | — |
Forfeited |  |  | (7,247 | ) |  | $ | 39.35 |  |  | $ | 54.02 |  |  |  |  |  |  |  | — |
Outstanding at September 30, 2024 |  |  | 23,082 |  |  | $ | 62.77 |  |  | $ | 84.51 |  |  |  | 2.6 |  |  | $ | — |
Exercisable at September 30, 2024 |  |  | 22,145 |  |  | $ | 65.30 |  |  | $ | 87.98 |  |  |  | 2.2 |  |  | $ | — |
| A summary of the stock option activity under the Company’s incentive plan for the years ended December 31, 2023 and 2022 is presented below: SCHEDULE OF STOCK OPTION
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2022 |  |  | 23,829 |  |  | $ | 79.00 |  |  | $ | 103.50 |  |  |  | 5.3 |  |  | $ | 34,333 |
Granted |  |  | 25,500 |  |  | $ | 3.07 |  |  | $ | 2.58 |  |  |  |  |  |  | $ | — |
Forfeited |  |  | (1,000 | ) |  | $ | 175.00 |  |  | $ | 140.50 |  |  |  |  |  |  | $ | — |
Outstanding at December 31, 2022 |  |  | 48,329 |  |  | $ | 37.05 |  |  | $ | 44.82 |  |  |  | 4.1 |  |  | $ | — |
Granted |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  |  | — |
Forfeited |  |  | (18,000 | ) |  | $ | 3.07 |  |  | $ | 2.58 |  |  |  |  |  |  |  | — |
Outstanding at December 31, 2023 |  |  | 30,329 |  |  | $ | 57.17 |  |  | $ | 77.22 |  |  |  | 3.4 |  |  | $ | — |
Exercisable at December 31, 2023 |  |  | 25,677 |  |  | $ | 64.45 |  |  | $ | 88.72 |  |  |  | 2.9 |  |  | $ | — |
SCHEDULE OF STOCK OPTION ASSUMPTION |  | Options granted during the years ended December 31, 2022 were valued using the Black Scholes model with the following assumptions: SCHEDULE OF STOCK OPTION ASSUMPTION
|  | December 31, 2022 |
Term (years) |  |  | 5.5 |
Stock price |  | $ | 3.07 |
Exercise price |  | $ | 3.07 |
Dividend yield |  |  | — |
Expected volatility |  |  | 112.0 | %
Risk free interest rate |  |  | 3.9 | %
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY | The Company’s activity in restricted stock units was as follows for the nine months ended September 30, 2024: SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY
|  | Number of shares |  |  | Weighted average fair value |
Non-vested at December 31, 2023 |  |  | 140,491 |  |  | $ | 28.97 |
Granted |  |  | 251,500 |  |  | $ | 0.85 |
Forfeited |  |  | (9,750 | ) |  | $ | 2.87 |
Vested |  |  | (30,625 | ) |  | $ | 22.22 |
Non-vested at September 30, 2024 |  |  | 351,616 |  |  | $ | 10.17 |
| The Company’s activity in restricted stock units was as follows for the year ended December 31, 2023: SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY
|  | Number of shares |  |  | Weighted average fair value |
Non-vested at January 1, 2022 |  |  | 62,013 |  |  | $ | 126.00 |
Granted |  |  | 37,445 |  |  | $ | 33.50 |
Forfeited |  |  | (26,772 | ) |  | $ | 79.64 |
Vested |  |  | (8,633 | ) |  | $ | 130.55 |
Non-vested at December 31, 2022 |  |  | 64,053 |  |  | $ | 92.57 |
Granted |  |  | 182,500 |  |  | $ | 2.73 |
Forfeited |  |  | (43,426 | ) |  | $ | 25.72 |
Vested |  |  | (62,636 | ) |  | $ | 19.80 |
Non-vested at December 31, 2023 |  |  | 140,491 |  |  | $ | 28.97 |
SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS | The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods: SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS
Stock-based compensation expense for RSUs: |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Three Months Ended September |  |  | Nine Months Ended September |
Stock-based compensation expense for RSUs: |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
General and administrative |  | $ | 162,042 |  |  | $ | 101,607 |  |  | $ | 476,513 |  |  | $ | 946,851 |
Research and development |  |  | 207,158 |  |  |  | 226,646 |  |  |  | 620,057 |  |  |  | 691,514 |
Total |  | $ | 369,200 |  |  | $ | 328,253 |  |  | $ | 1,096,570 |  |  | $ | 1,638,365 |
Stock-based compensation expense for RSUs |  | $ | 369,200 |  |  | $ | 328,253 |  |  | $ | 1,096,570 |  |  | $ | 1,638,365 |
| The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods: SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS
|  | 2023 |  |  | 2022 |
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |
Stock-based compensation expense for RSUs: |  |  |  |  |  |  |  |
General and administrative |  | $ | 1,085,791 |  |  | $ | 1,389,359 |
Research and development |  |  | 908,294 |  |  |  | 1,026,907 |
Total |  | $ | 1,994,085 |  |  | $ | 2,416,266 |
Stock-based compensation expense for RSUs |  | $ | 1,994,085 |  |  | $ | 2,416,266 |
SCHEDULE OF WARRANTS OUTSTANDING | The following table summarizes information about shares issuable under warrants outstanding at September 30, 2024: SCHEDULE OF WARRANTS OUTSTANDING
|  | Warrant shares outstanding |  |  | Weighted average exercise price |  |  | Weighted average remaining life |  |  | Intrinsic value |
Outstanding at December 31, 2023 |  |  | 2,799,213 |  |  | $ | 11.79 |  |  |  | 4.6 |  |  | $ | — |
Expired |  |  | (585 | ) |  |  | 160.00 |  |  |  | — |  |  | $ | — |
Exercised |  |  | (1,954,000 | ) |  |  | 1.37 |  |  |  | — |  |  | $ | — |
Outstanding at September 30, 2024 |  |  | 844,628 |  |  | $ | 35.78 |  |  |  | 3.0 |  |  | $ | — |
Exercisable at September 30, 2024 |  |  | 844,628 |  |  | $ | 35.78 |  |  |  | 3.0 |  |  | $ | — |
| The following table summarizes information about shares issuable under warrants outstanding at December 31, 2023 and 2022: SCHEDULE OF WARRANTS OUTSTANDING
|  | Warrant shares outstanding |  |  | Weighted average exercise price |  |  | Weighted average remaining life |  |  | Intrinsic value |
Outstanding at January 1, 2022 |  |  | 195,463 |  |  | $ | 131.00 |  |  |  | 3.4 |  |  | $ | 801,024 |
Issued |  |  | 1,227,500 |  |  | $ | 10.31 |  |  |  |  |  |  | $ | — |
Exercised |  |  | (767,500 | ) |  | $ | — |  |  |  |  |  |  | $ | — |
Exchanged for common stock |  |  | — |  |  | $ | — |  |  |  |  |  |  | $ | — |
Outstanding at December 31, 2022 |  |  | 655,463 |  |  | $ | 58.36 |  |  |  | 3.6 |  |  | $ | 5,514 |
Issued |  |  | 2,311,320 |  |  | $ | 1.37 |  |  |  |  |  |  | $ | — |
Exercised |  |  | (122,000 | ) |  | $ | 1.37 |  |  |  |  |  |  | $ | — |
Forfeited |  |  | (45,570 | ) |  | $ | 111.50 |  |  |  |  |  |  | $ | — |
Outstanding at December 31, 2023 |  |  | 2,799,213 |  |  | $ | 11.79 |  |  |  | 4.6 |  |  | $ | — |
Exercisable at December 31, 2023 |  |  | 2,799,213 |  |  | $ | 11.79 |  |  |  | 4.6 |  |  | $ | — |
SCHEDULE OF INVESTMENT OPTIONS | The following table summarizes information about investment options outstanding at September 30, 2024: SCHEDULE OF INVESTMENT OPTIONS
|  | Investment options outstanding |  |  | Weighted average exercise price |  |  | Weighted average remaining life |  |  | Intrinsic value |
Outstanding at December 31, 2023 |  |  | 70,000 |  |  | $ | 10.00 |  |  |  | 4.1 |  |  | $ | — |
Outstanding at September 30, 2024 |  |  | 70,000 |  |  | $ | 10.00 |  |  |  | 2.9 |  |  | $ | — |
Exercisable at September 30, 2024 |  |  | 70,000 |  |  | $ | 10.00 |  |  |  | 2.9 |  |  | $ | — |
| The following table summarizes information about investment options outstanding at December 31, 2023 and 2022: SCHEDULE OF WARRANTS AND INVESTMENT OPTIONS
|  | Investment options outstanding |  |  | Weighted average exercise price |  |  | Weighted average remaining life |  |  | Intrinsic value |
Outstanding at January 1, 2022 |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Issued |  |  | 1,070,000 |  |  | $ | 7.93 |  |  |  | — |  |  |  | — |
Outstanding at December 31, 2022 |  |  | 1,070,000 |  |  | $ | 7.93 |  |  |  | 5.1 |  |  | $ | — |
Exercised |  |  | (1,000,000 | ) |  | $ | 1.37 |  |  |  | — |  |  |  | — |
Outstanding at December 31, 2023 |  |  | 70,000 |  |  | $ | 10.00 |  |  |  | 4.1 |  |  | $ | — |
Exercisable at December 31, 2023 |  |  | 70,000 |  |  | $ | 10.00 |  |  |  | 4.1 |  |  | $ | — |
SCHEDULE OF BLACK SCHOLES VALUATION MODEL FOR VALUATION OF WARRANTS |  | The Company established the initial fair value of its equity classified Inducement Warrants at the date of issuance on December 28, 2023. The Company used a Black Scholes valuation model in order to determine their value. The key inputs into the Black Scholes valuation model for the valuation of the warrants are below: SCHEDULE OF BLACK SCHOLES VALUATION MODEL FOR VALUATION OF WARRANTS
|  | Roth and Inducement Warrants |
|  | December 28, 2023 |
Term (years) |  |  | 5.0 |
Stock price |  | $ | 1.56 |
Exercise price |  | $ | 1.37 |
Dividend yield |  |  | — | %
Expected volatility |  |  | 92.0 | %
Risk free interest rate |  |  | 3.80 | %
Number of warrants |  |  | 2,311,320 |
Value (per share) |  | $ | 1.16 |

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