v3.25.1
COMMON STOCK (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
SCHEDULE OF FAIR VALUE OF WARRANTS USING BLACK-SCHOLES PRICING MODEL

 

   December 31, 
   2024   2023 
   Unmodified Warrants   Modified Warrants     
Dividend yield   -%   -%   -%
Volatility   111.3%   103.6%   105.1%
Risk-free interest rate   4.22%   4.28%   3.93%
Expected lives (years)   2.64    4.07    3.64 
Weighted average fair value  $0.101   $0.162   $2.064 
SCHEDULE OF WARRANTS OUTSTANDING

Warrants outstanding as of December 31, 2024 and 2023 were as follows:

 

             Number of Warrants Outstanding and Common Stock Underlying Warrants 
         Exercise Price   December 31, 
   Issuance Date  Expiration Date  per Share   2024   2023 
Unmodified August 2022 Warrants(1)  August 25, 2022  August 25, 2027  $13.20    433,321    799,985 
Modified August 2022 Warrants(1)  August 25, 2022  August 25, 2027  $4.13    55,553    - 
January 2024 Purchase Warrants(2)  January 26, 2024  July 26, 2029  $4.13    171,000    - 
July 2024 Purchase Warrants(2)  July 9, 2024  July 9, 2027  $2.25    1,248,527    - 
August 2024 Purchase Warrants(2)  August 1, 2024  August 1, 2029  $1.36    2,566,667    - 
               4,475,068    799,985 

 

(1)Liability classified
(2)Equity classified