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COMMON STOCK PURCHASE WARRANTS (Tables)
12 Months Ended
Dec. 31, 2024
Common Stock Purchase Warrants  
SCHEDULE OF WARRANT MODIFICATION

 

   Series B issuance date - December 17, 2024
assumptions
     

Series B - December 31, 2024
assumptions

 
Volatility – range   105.5%     105.7 %
Risk-free rate   4.26%     4.38 %
Dividend   %     %
Remaining contractual term   4.5 years      4.48 years
Exercise price  $0.001    $ 0.001
Common stock issuable under the warrants   4,766,777      3,793,777  
 
   Issuance
date assumptions
   December 31, 2024
assumptions
 
Volatility – range   72.1 - 101.1%   105.7%
Risk-free rate   4.255.46%   4.38%
Dividend   %   %
Remaining contractual term   0.1 - 5.0 years    4.5 years 
Exercise price  $2.51   $0.502 
Common stock issuable under the warrants   1,768,227    5,976,872 
  
   Issuance date assumptions   December 31, 2024 assumptions 
Volatility - range   106.0%  $109.5%
Risk-free rate   3.36%   4.38%
Dividend   %   %
Remaining contractual term   5.0 years    3.3 years 
Exercise price   5.507.50    5.507.50 
Common stock issuable under the warrants   1,125,000    1,125,000 
 
SCHEDULE OF WARRANT ACTIVITY

The following table summarizes information about shares issuable under warrants outstanding during the years ended December 31, 2024 and 2023:

  

   Warrants   Weighted
average
exercise price
 
Balance, January 1, 2024   1,125,000   $6.50 
Issuance – Series A and Prefunded Warrants   1,768,227    2.51 
Issuance - Series B warrants   4,766,777    0.001 
Series A warrant reset provisions   4,780,876    0.502 
Issued   1,125,000    6.50 
Exercised   (1,546,008)   (0.93)
Terminated/Cancelled        
Balance, December 31, 2024   10,894,872   $0.95 

 

   Warrants   Weighted
average
exercise price
 
Balance, January 1, 2023   67,459   $60.26 
Issued   1,125,000    6.50 
Exercised        
Terminated/Cancelled   (67,459)   (60.26)
Balance, December 31, 2023   1,125,000   $6.50 

SCHEDULE OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants to purchase shares of common stock as of December 31, 2024:

 

    Outstanding and exercisable warrants
Exercise
price
   Number of
warrants
   Weighted average
remaining
contractual life
$

0.001

    

3,793,777

   4.5 years
$0.502    5,976,095   4.5 years
$5.50    375,000   3.3 years
$6.50    375,000   3.3 years
$7.50    375,000   3.3 years
           
      10,894,872   4.4 years