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COMMON STOCK PURCHASE WARRANTS (Tables)
3 Months Ended
Mar. 31, 2025
Common Stock Purchase Warrants  
SCHEDULE OF WARRANT ACTIVITY

The following table summarizes information about shares issuable under warrants outstanding during the three months ended March 31, 2025 and 2024:

  

   Warrants  

Weighted

average
exercise price

 
Balance, January 1, 2025   544,744   $19.00 
Issuance February 2025 – Prefunded Warrants   4,907,500    0.001 
Exercise February 2025 – Prefunded Warrants   (4,907,500)   0.001 
Exercised June 2024 - Series B warrants   (189,689)   0.001 
Exercised   -    - 
Terminated/Cancelled        
Balance, March 31, 2025   355,055   $29.00 

 

 

   Warrants  

Weighted

average
exercise price

 
Balance, January 1, 2024   56,250   $130.00 
Issued        
Exercised        
Terminated/Cancelled        
Balance, March 31, 2024   56,250   $130.00 
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 March 31, 2025:

 

    Outstanding and exercisable warrants
Exercise price   Number of warrants  

Weighted

average
remaining
contractual life

$10.04    298,805   4.2 years
$110,00    18,750   3.0 years
$130.00    18,750   3.0 years
$150.00    18,750   3.0 years
           
      355,055   4.0 years
SCHEDULE OF WARRANT MODIFICATION
   Pre funded warrants issuance date – February 13, 2025
assumptions
 
Volatility – range   110.1%
Risk-free rate   4.27%
Dividend   %
Remaining contractual term   0.03 years 
Exercise price  $0.001 
Common stock issuable under the warrants   4,907,500 

 

   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   238,339    189,689 
 

 

   Issuance
date assumptions
   December 31, 2024
assumptions
   March 31, 2025
assumptions
 
Volatility – range   72.1 - 101.1%   105.7%   105.5%
Risk-free rate   4.255.46%   4.38%   4.26%
Dividend   %   %   %
Remaining contractual term   0.1-5.0 years    4.5 years    4.2 years 
Exercise price  $50.20   $10.04    10.04 
Common stock issuable under the warrants   88,411    298,844    298,844 
 

 

  

December 31, 2024

assumptions

  

March 31, 2025

assumptions

 
Volatility – range   109.5%   114.3%
Risk-free rate   4.38%   3.96%
Dividend   %   %
Remaining contractual term   3.3 years    3.0 years 
Exercise price   110.00150.00    110.00150.00  
Common stock issuable under the warrants   56,250    56.250