STOCKHOLDERS' DEFICIT (Tables)
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12 Months Ended |
Dec. 31, 2024 |
STOCKHOLDERS' DEFICIT |
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Schedule of common stock reserved for future issuance |
| | | Legacy Warrants | | 77,494 | Public Warrants | | 9,200,000 | Private Placement Warrants | | 3,040,000 | July 2024 Warrants | | 750,000 | Legacy Options | | 473,929 | 2023 Equity Incentive Plan | | 2,113,405 | Total | | 15,654,828 |
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Schedule of common stock issued to extinguish obligations to certain vendors and lenders |
| | | | | | | | | | Issuance Date | | | | | | Shares Issued | | Fair Value | 9/12/2024* | | | | | | 2,433,550 | | $ | 2,652,570 | 9/12/2024* | | | | | | 1,326,125 | | | 1,445,476 | 9/12/2024 | | | | | | 189,375 | | | 206,419 | 9/24/2024 | | | | | | 1,557,796 | | | 1,962,823 | 9/24/2024 | | | | | | 269,648 | | | 339,756 | 11/13/2024 | | | | | | 72,800 | | | 60,861 | 11/13/2024 | | | | | | 136,000 | | | 113,696 | 12/27/2024 | | | | | | 206,234 | | | 247,481 | | | | | | | 6,534,776 | | $ | 7,461,574 |
* Related party transaction. See Note 18 – Related Party Transactions for additional information.
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Schedule of common stock issued to vendors as consideration for services to be performed |
| | | | | | | | | | | Issuance Date | | | | | | Shares Issued | | Fair Value | | 7/25/2024 | | | | | | 150,000 | | $ | 178,500 | | 12/1/2024 | | | | | | 100,000 | | | 91,000 | | 12/1/2024 | | | | | | 35,000 | | | 31,850 | | 12/27/2024 | | | | | | 600,000 | | | 1,428,000 | | | | | | | | 885,000 | | $ | 1,729,350 | |
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Schedule of warrant activity |
| | | | | | | | | | | | | | | Weighted-average | | | | | Weighted-average | | Remaining | | | Warrants | | Exercise Price | | Contractual Life | Outstanding at January 1, 2023 | | 77,494 | | $ | 3.61 | | 9.2 | Issued | | — | | | — | | | Assumed | | — | | | — | | | Expired | | — | | | — | | | Outstanding at December 31, 2023 | | 77,494 | | $ | 3.61 | | 8.2 | Issued | | — | | | — | | | Assumed | | 12,990,000 | | | 11.50 | | | Expired | | — | | | — | | | Outstanding at December 31, 2024 | | 13,067,494 | | $ | 11.45 | | 4.6 | Exercisable at December 31, 2024 | | 13,067,494 | | $ | 11.45 | | 4.6 |
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