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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
SCHEDULE OF STOCK OPTION ACTIVITY | A summary of the stock option activity during the year ended December 31, 2024, is presented in the table below: SCHEDULE OF STOCK OPTION ACTIVITY
|  |  |  |  | Weighted average |  |  |  |
|  | Number of options |  |  | Exercise price |  |  | Remaining contractual life (in years) |  |  | Intrinsic value |
Outstanding as of January 1, 2024 |  |  | 2,050,197 |  |  | $ | 10.90 |  |  |  | 7.9 |  |  | $ | 36,363 |
Granted |  |  | 838,250 |  |  | $ | 1.54 |  |  |  | - |  |  | $ | - |
Forfeited and cancelled |  |  | (625 | ) |  | $ | - |  |  |  | - |  |  | $ | - |
Outstanding as of December 31, 2024 |  |  | 2,887,822 |  |  | $ | 8.06 |  |  |  | 7.6 |  |  | $ | - |
Exercisable as of December 31, 2024 |  |  | 1,854,764 |  |  | $ | 11.54 |  |  |  | 6.8 |  |  | $ | - |
Vested and expected to vest as of December 31, 2024 |  |  | 2,887,822 |  |  | $ | 8.06 |  |  |  | 7.6 |  |  | $ | - |
SCHEDULE OF STOCK BASED COMPENSATION EXPENSES | The following table summarizes the total stock-based compensation expense included in the consolidated statements of operations for the periods presented: SCHEDULE OF STOCK BASED COMPENSATION EXPENSES
|  | 2024 |  |  | 2023 |
|  | For the year ended December 31, |
|  | 2024 |  |  | 2023 |
Research and development |  | $ | 624,480 |  |  | $ | 792,273 |
General and administrative |  |  | 1,681,369 |  |  |  | 2,173,665 |
Total stock-based compensation expense |  | $ | 2,305,849 |  |  | $ | 2,965,938 |
SCHEDULE OF WEIGHTED AVERAGE INPUTS USED TO MEASURE VALUE OF OPTIONS GRANTED | SCHEDULE OF WEIGHTED AVERAGE INPUTS USED TO MEASURE VALUE OF OPTIONS GRANTED
|  | 2024 |  |  | 2023 |
Exercise price |  | $ | 1.54 |  |  | $ | 1.70 |
Expected term (in years) |  |  | 5.8 |  |  |  | 5.8 |
Volatility |  |  | 114.78 | % |  |  | 110.9 | %
Risk free rate |  |  | 4.0 | % |  |  | 3.7 | %
Dividend yield |  |  | 0.0 | % |  |  | 0.0 | %
SCHEDULE OF EXERCISE PRICE OF OUTSTANDING STOCK OPTIONS | The following table presents the exercise price of outstanding stock options as of December 31, 2024: SCHEDULE OF EXERCISE PRICE OF OUTSTANDING STOCK OPTIONS
Exercise price |  | Options outstanding |
$0.01 - $8.00 |  |  | 1,861,499 |
$0.01 - $8.00 |  |  | 1,861,499 |
$8.01 - $16.00 |  |  | 992,250 |
$16.01 or higher |  |  | 34,073 |
Total |  |  | 2,887,822 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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