STOCKHOLDERS’ EQUITY / (DEFICIT) (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2025 |
Dec. 31, 2024 |
| Equity [Abstract] |
|
|
| SCHEDULE OF OUTSTANDING PREPAID WARRANTS AND COMMON WARRANTS |
The
following sets forth the outstanding prepaid warrants and common warrants as of March 31, 2025:
SCHEDULE OF OUTSTANDING PREPAID WARRANTS AND COMMON WARRANTS
| | |
Prepaid
Warrants | | |
Common
Warrants | |
| Balance December 31, 2024 | |
| 3,871,992 | | |
| 382,205 | |
| Beginning Balance | |
| 3,871,992 | | |
| 382,205 | |
| Exercise of Prepaid Warrants
in Exchange for Common Stock | |
| (1,252,559 | ) | |
| — | |
| Balance March 31, 2025 | |
| 2,619,433 | | |
| 382,205 | |
| Ending Balance | |
| 2,619,433 | | |
| 382,205 | |
|
The
following sets forth the outstanding prepaid warrants and common warrants for the years ended December 31, 2024 and 2023:
SCHEDULE
OF OUTSTANDING PREPAID WARRANTS AND COMMON WARRANTS
| | |
Prepaid Warrants | | |
Common Warrants | |
| Balance December 31, 2022 | |
| — | | |
| — | |
| Conditional issuance of Prepaid Warrants from Exchange of 2022 and 2023 Convertible Notes | |
| 507,394 | | |
| — | |
| Balance December 31, 2023 | |
| 507,394 | | |
| — | |
| Beginning Balance | |
| 507,394 | | |
| — | |
| Conditional Issuance of Prepaid Warrants from Exchange of Whiskey Notes | |
| 546,927 | | |
| — | |
| Conditional Issuance of Prepaid Warrants in Exchange for Common Stock | |
| 2,816,291 | | |
| — | |
| Exercise of Prepaid Warrants in Exchange for Common Stock | |
| (698,619 | ) | |
| — | |
| Issuance of Prepaid Warrants for Common Stock | |
| 700,001 | | |
| — | |
| November 25, 2024 Private Placement of Common Warrants | |
| — | | |
| 382,205 | |
| Balance December 31, 2024 | |
| 3,871,992 | | |
| 382,205 | |
| Ending Balance | |
| 3,871,992 | | |
| 382,205 | |
|
| SCHEDULE OF OUTSTANDING ISOS AND RELATED ACTIVITY |
The
following sets forth the outstanding ISOs and related activity for the three months ended March 31, 2025:
SCHEDULE
OF OUTSTANDING ISOS AND RELATED ACTIVITY
| Options Outstanding | |
Number
of Shares | | |
Weighted- Average Exercise
Price Per
Share | | |
Weighted- Average Remaining Contractual Term
(in years) | | |
Aggregate Intrinsic
Value | |
| Outstanding at December 31,
2024 | |
| 6,011 | | |
$ | 157.89 | | |
| 0.86 | | |
$ | 0.00 | |
| Exercisable at December 31, 2024 | |
| 6,011 | | |
$ | 157.89 | | |
| 0.86 | | |
$ | 0.00 | |
| Forfeited | |
| 0 | | |
$ | 157.89 | | |
| | | |
| | |
| Outstanding at March 31, 2025 | |
| 6,011 | | |
$ | 157.89 | | |
| 0.61 | | |
$ | 0.00 | |
| Exercisable at March 31, 2025 | |
| 6,011 | | |
$ | 157.89 | | |
| 0.61 | | |
$ | 0.00 | |
| Remaining unvested at March 31, 2025 | |
| — | | |
$ | 157.89 | | |
| | | |
| | |
|
The
following sets forth the outstanding ISOs and related activity for the years ended December 31, 2024 and 2023:
SCHEDULE
OF OUTSTANDING ISOS AND RELATED ACTIVITY
| Options Outstanding | |
Number of Shares | | |
Weighted- Average Exercise Price Per Share | | |
Weighted- Average Remaining Contractual Term (in years) | | |
Aggregate Intrinsic Value | |
| Outstanding at December 31, 2022 | |
| 8,137 | | |
$ | 157.89 | | |
| 2.82 | | |
$ | 0.00 | |
| Forfeited | |
| (1,959 | ) | |
$ | 157.89 | | |
| | | |
| | |
| Outstanding at December 31, 2023 | |
| 6,178 | | |
$ | 157.89 | | |
| 1.86 | | |
$ | 0.00 | |
| Exercisable at December 31, 2023 | |
| 6,178 | | |
$ | 157.89 | | |
| 1.86 | | |
$ | 0.00 | |
| Forfeited | |
| (167 | ) | |
$ | 157.89 | | |
| | | |
| | |
| Outstanding at December 31, 2024 | |
| 6,011 | | |
$ | 157.89 | | |
| 0.86 | | |
$ | 0.00 | |
| Exercisable at December 31, 2024 | |
| 6,011 | | |
$ | 157.89 | | |
| 0.86 | | |
$ | 0.00 | |
| Remaining unvested at December 31, 2024 | |
| — | | |
$ | 157.89 | | |
| | | |
| | |
|
| SUMMARY OF RSU’s |
The
following table summarizes the RSU activity for the three months ended March 31, 2025 and 2024:
SUMMARY OF RSU’s
| | |
Restricted Stock Units | | |
Weighted
Average Exercise
Price Per
Share | |
| Vested and Outstanding at December
31, 2024 | |
| 245,589 | | |
$ | 10.93 | |
| Granted | |
| — | | |
| | |
| Forfeited/Canceled/Expired | |
| (150 | ) | |
| | |
| Vested and Outstanding
at March 31, 2025 | |
| 245,439 | | |
$ | 10.93 | |
|
The
following table summarizes the RSU activity for the years ended December 31, 2024 and 2023:
SUMMARY OF RSU’s
| | |
Restricted Stock Units | | |
Weighted Average Exercise Price Per Share | |
| Unvested and Outstanding at December 31, 2022 | |
| 105,727 | | |
$ | 157.89 | |
| Granted | |
| 14,015 | | |
$ | 157.89 | |
| Forfeited/Canceled/Expired | |
| (2,798 | ) | |
$ | 157.89 | |
| Unvested and Outstanding at December 31, 2023 | |
| 116,944 | | |
$ | 157.89 | |
| Granted | |
| 234,525 | | |
$ | 4.00 | |
| Forfeited/Canceled/Expired | |
| (105,880 | ) | |
$ | 157.89 | |
| Vested and Outstanding at December 31, 2024 | |
| 245,589 | | |
$ | 10.93 | |
|
| SCHEDULE OF VALUATION ASSUMPTIONS |
SCHEDULE
OF VALUATION ASSUMPTIONS
| Weighted Average Expected Volatility | |
| 70 | % |
| Expected Dividends | |
| — | % |
| Weighted Average Expected Term (in years) | |
| 5 | |
| Risk-Free Interest Rate | |
| 4.22 | % |
| Probability Scenarios of meeting contingencies | |
| | |
| Shareholder holds shares owned on May 31, 2023
through warrant exercise date | |
| 95%
to 75 | % |
| Common stock attains a specified 10-Trading-Day
VWAP price before expiring | |
| 0.025%
to 2.25 | % |
| | |
For
the Three Months Ended March
31, 2025 | | |
For
the Year Ended December
31, 2024 | |
| Weighted Average Expected Volatility | |
| 70 | % | |
| 70 | % |
| Expected Dividends | |
| —% | | |
| —% | |
| Weighted Average Expected Term (in years) | |
| 5 | | |
| 5 | |
| Risk-Free Interest Rate | |
| 4.12 | % | |
| 4.22 | % |
|
SCHEDULE
OF VALUATION ASSUMPTIONS
| | |
For the Years Ended December 31, | |
| | |
2024 | | |
2023 | |
| Weighted Average Expected Volatility | |
| 70 | % | |
| — | |
| Expected Dividends | |
| — | % | |
| — | |
| Weighted Average Expected Term (in years) | |
| 5 | | |
| — | |
| Risk-Free Interest Rate | |
| 4.22 | % | |
| — | |
| Probability Scenarios of meeting contingencies | |
| | | |
| | |
| Shareholder holds shares owned on May 31, 2023 through warrant exercise date | |
| 95% to 75 | % | |
| | |
| Common stock attains a specified 10-Trading-Day VWAP price before expiring | |
| 0.025%
to 2.25 | % | |
| | |
| | |
For the Years Ended December 31, | |
| | |
2024 | | |
2023 | |
| Weighted Average Expected Volatility | |
| 70 | % | |
| — | |
| Expected Dividends | |
| — | % | |
| — | |
| Weighted Average Expected Term (in years) | |
| 5 | | |
| — | |
| Risk-Free Interest Rate | |
| 4.22 | % | |
| — | |
|
| SCHEDULE OF STOCK BASED COMPENSATION EXPENSE INCLUDED IN THE CONSOLIDATED STATEMENTS OF OPERATIONS RELATED TO ISOs ISSUED |
|
The
following table presents stock-based compensation expense included in the consolidated statements of operations related to ISOs issued
under the 2019 Plan:
SCHEDULE
OF STOCK BASED COMPENSATION EXPENSE INCLUDED IN THE CONSOLIDATED STATEMENTS OF OPERATIONS RELATED TO ISOs ISSUED
| | |
2024 | | |
2023 | |
| | |
For the Twelve Months Ended December 31, | |
| | |
2024 | | |
2023 | |
| Cost of Sales | |
$ | — | | |
$ | — | |
| Sales and Marketing | |
| — | | |
| — | |
| General and Administrative | |
| — | | |
| 18,595 | |
| Total Share-based Compensation | |
$ | — | | |
$ | 18,595 | |
|
| SCHEDULE OF EQUITY-BASED (NON-CASH) COMPENSATION FOR EMPLOYEES (PERSONNEL) AND CONSULTANTS |
|
SCHEDULE
OF EQUITY-BASED (NON-CASH) COMPENSATION FOR EMPLOYEES (PERSONNEL) AND CONSULTANTS
| | |
2024 | | |
2023 | |
| | |
Years Ended December 31, | |
| | |
2024 | | |
2023 | |
| Production / Cost of Sales | |
$ | 178,140 | | |
$ | — | |
| Sales and Marketing | |
| 729,592 | | |
| — | |
| General and Administrative | |
| 2,414,097 | | |
| 6,028 | |
| Subtotal Employee Compensation | |
| 3,321,829 | | |
| 6,028 | |
| Professional Fees (General and Administrative) | |
| 1,570,281 | | |
| 12,566 | |
| Total Non-Cash Share-Based Compensation | |
$ | 4,892,110 | | |
$ | 18,594 | |
|