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Stockholders’ Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Stockholders’ Equity [Line Items] |
Schedule of Fair Values at the Commitment Date for the Warrants | The fair values at the commitment date for the warrants were based upon the following management assumptions as of the date of issuance:
|  | Issuance date |
Risk-free interest rate |  |  | 1.93 | %
Expected dividend yield |  |  | - | %
Expected volatility |  |  | 144 | %
Term |  |  | 5 years |
Fair value of common stock |  | $ | 1.41 |
Schedule of Warrant and Stock Option Grants with Time-Based Vesting | The number of shares of the Company’s common stock that are issuable pursuant to warrant and stock option grants with time-based vesting as of and for the nine months ended September 30, 2024 were:
|  | Warrant Grants |  |  | Stock Option Grants |  |  | Restricted Stock Units |
|  | Number of shares subject to warrants |  |  | Weighted- average exercise price per share |  |  | Number of shares subject to options |  |  | Weighted- average exercise price per share |  |  | Number of shares subject to restricted stock units |
Balance at December 31, 2023 |  |  | 11,394 |  |  | $ | 58.72 |  |  |  | 3,333 |  |  | $ | 39.60 |  |  |  | 165,663 |
Granted |  |  | 4,887,118 |  |  |  | 1.53 |  |  |  | - |  |  |  | - |  |  |  | 123,690 |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (125,357 | )
Cancelled/Expired |  |  | (2,293 | ) |  |  | 53.64 |  |  |  | - |  |  |  | - |  |  |  | (41,722 | )
Balance at September 30, 2024 |  |  | 4,896,219 |  |  | $ | 1.64 |  |  |  | 3,333 |  |  | $ | 39.60 |  |  |  | 122,274 |
Exercisable at September 30, 2024 |  |  | 4,896,219 |  |  | $ | 1.64 |  |  |  | 3,333 |  |  | $ | 39.60 |  |  |  | 122,274 |
The number of shares of the Company’s common stock that are issuable pursuant to warrant and stock option grants with time-based vesting as of and for the nine months ended September 30, 2023 were:
|  | Warrant Grants |  |  | Stock Option Grants |  |  | Restricted Stock Units |
|  | Number of shares subject to warrants |  |  | Weighted- average exercise price per share |  |  | Number of shares subject to options |  |  | Weighted- average exercise price per share |  |  | Number of shares subject to restricted stock units |
Balance at December 31, 2022 |  |  | 104,515 |  |  | $ | 20.25 |  |  |  | 7,889 |  |  | $ | 48.75 |  |  |  | 160,650 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 58,105 |
Exercised |  |  | (54,872 | ) |  |  | 9.75 |  |  |  | - |  |  |  | - |  |  |  | (47,706 | )
Cancelled/Expired |  |  | (4,812 | ) |  |  | 120.75 |  |  |  | (1,222 | ) |  |  | 98.55 |  |  |  | (4,610 | )
Balance at September 30, 2023 |  |  | 44,831 |  |  | $ | 22.20 |  |  |  | 6,667 |  |  | $ | 39.60 |  |  |  | 166,439 |
Exercisable at September 30, 2023 |  |  | 44,831 |  |  | $ | 22.20 |  |  |  | 6,667 |  |  | $ | 39.60 |  |  |  | 162,606 |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expense for three and nine months ended September 30, 2024 and 2023 is as follows:
|  | For the three months ended |  |  | For the nine months ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Stock-based compensation expense |  | $ | - |  |  | $ | 40,547 |  |  | $ | - |  |  | $ | 336,293 |
Warrant [Member] |
Stockholders’ Equity [Line Items] |
Schedule of Company’s Outstanding Warrants and Options | The Company’s outstanding warrants and options at September 30, 2024 are as follows:
Warrants Outstanding |  |  | Warrants Exercisable |
Exercise Price Range |  |  | Number Outstanding |  |  |  | Weighted Average Remaining Contractual Life (in years) |  |  |  | Weighted Average Exercise Price |  |  | Number Exercisable |  |  | Weighted Average Exercise Price |  |  |  | Intrinsic Value |
$1.43 - $60.00 |  |  | 4,896,219 |  |  |  | 4.79 |  |  | $ | 1.64 |  |  | 4,896,219 |  | $ | 1.64 |  |  |  | - |
Options Outstanding |  |  | Options Exercisable |
Exercise Price Range |  | Number Outstanding |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Weighted Average Exercise Price |  |  | Number Exercisable |  | Weighted Average Exercise Price |  |  | Intrinsic Value |
$39.60 |  |  | 3,333 |  |  |  | 0.16 |  |  | $ | 39.60 |  |  | 3,333 |  | $ | 39.60 |  |  |  | - |

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