v3.25.2
SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS (Details) (Parenthetical) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Common Stock [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Grant date of fair value   $ 13,447,502   $ 13,447,502
Issuance of common stock in connection with sales made under private offerings, shares 1,298,751 1,871,250 2,468,502 [1] 1,871,250
Restricted Stock Units (RSUs) [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Restricted stock units granted     351,042 [2] 45,306 [3]
Grant date of fair value $ 1,915,753   $ 1,915,753  
Volume weighted average price $ 5.46   $ 5.46  
Restricted stock units vested grant     326,042 27,980
Restricted stock units vested     25,000 17,326
Vested shares     379,042 [4] 188,461 [5]
Forfeited shares [6]       10,000
Cancelled shares       10,000
Restricted Stock Units (RSUs) [Member] | Service Agreements [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Vested shares       45,306
Forfeited shares     8,750  
Fair value shares       $ 895,236
Weighted average price shares       $ 19.76
Restricted Stock Units (RSUs) [Member] | Common Stock [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Vested shares       188,461
Issuance of common stock in connection with sales made under private offerings, shares     379,042  
Shares issued       188,461
[1] 2,468,502 shares of Common Stock were sold through the ATM Agreement for proceeds of $11.9 million, net of commissions and fees.
[2] In the six months ended June 30, 2025, 351,042 RSUs were granted to officers and consultants of the Company, with a total grant date fair value of $1,915,753 as measured at an average $5.46/share trailing to the date the RSU was granted, as follows: (i) 326,042 RSUs which immediately vested upon grant and (ii) 25,000 RSUs with time-based vesting of four years.
[3] 45,306 RSUs were granted to officers and consultants of the Company, with a total grant date fair value of $895,236 as measured at $19.76 per share using the Company’s 20-day volume weighted average price trailing to the date the RSU was granted, as follows: (i) 27,980 RSUs which immediately vested upon grant and (ii) 17,326 RSUs with time-based vesting in equal monthly installments over six months.
[4] In the six months ended June 30, 2025, 379,042 RSUs vested and were settled through the issuance of 379,042 shares of common stock.
[5] 188,461 RSUs vested and were settled through the issuance of 188,461 shares of common stock.
[6] 10,000 RSUs were cancelled without vesting because the performance conditions for vesting were not met.