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COMMON STOCK PURCHASE WARRANTS (Tables)
9 Months Ended
Sep. 30, 2024
Common Stock Purchase Warrants  
SCHEDULE OF WARRANT MODIFICATION

 

   Issuance
date assumptions
   September 30, 2024
assumptions
 
Volatility – range   106.0%   106.6%
Risk-free rate   3.36%   3.58%
Dividend   0%   0%
Remaining contractual term   5.0 years    3.5 years 
Exercise price  $5.507.50   $5.507.50 
Common stock issuable under the warrants   1,125,000    1,125,000 
 
   Issuance
date assumptions
   September 30, 2024
assumptions
 
Volatility – range   72.1 - 101.1%    106.6%
Risk-free rate   4.255.46%    3.58%
Dividend   0%   0%
Remaining contractual term   0.1 - 5.0 years    4.7 years 
Exercise price  $2.51   $2.51 
Common stock issuable under the warrants   1,768,227    1,195,219 
 
SCHEDULE OF WARRANT ACTIVITY

The following table summarizes information about shares issuable under all warrants outstanding during the nine months ended September 30, 2024:

 

   Warrants   Weighted average
exercise price
 
Vested Balance, December 31, 2023   1,125,000   $6.50 
Granted   1,768,227    2.51 
Exercised   (573,008)   (2.51)
Forfeited/cancelled        
Vested Balance, September 30, 2024   2,320,219   $4.44 
SCHEDULE OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS

 

     Outstanding and exercisable warrants 
Exercise price   Number of warrants   Weighted average
remaining contractual life
 
$5.50    375,000    3.5 years 
$6.50    375,000    3.5 years 
$7.50    375,000    3.5 years 
$2.51    1,195,219    4.7 years 
             
      2,320,219    4.1 years