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STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Fair Value of Warrants The fair value of the Common Stocks was determined using the closing price of the stock at close if the SPA (Level 1 on the fair value hierarchy) and the fair value of the Warrants was determined using the Black Scholes model using the following inputs (Level 2 on the fair value hierarchy):

 

Warrants

Expected stock price volatility

82

%

Dividend yield

0

%

Risk-free interest rate

3

%

Expected life of the warrants (in years)

5

The fair value of the Common Stocks or Prefunded Warrants was determined using the closing price of the stock at close of the SPA (Level 1 on the fair value hierarchy) and the fair value of the Warrants was determined using the Black Scholes model using the following inputs (Level 2 on the fair value hierarchy):

 

Warrants

Expected stock price volatility

156

%

Dividend yield

0

%

Risk-free interest rate

5

%

Expected life of the warrants (in years)

2.5

Schedule of Stock by Class The following table summarizes the designations, shares authorized, and shares outstanding for the Company’s Preferred Stock:

Preferred Stock Series Designation

 

Shares
Authorized

 

 

Shares
Outstanding

 

Series A

 

 

750,000

 

 

 

48,100

 

Series 1A

 

 

5,000

 

 

 

—

 

Series 1B

 

 

900

 

 

 

—

 

Series B-1

 

 

2,000

 

 

 

—

 

Series B-2

 

 

1,000

 

 

 

—

 

Series C

 

 

1,000

 

 

 

—

 

Series D

 

 

3,000

 

 

 

—

 

Series D-1

 

 

2,500

 

 

 

—

 

Series E

 

 

2,800

 

 

 

—

 

Series F

 

 

7,000

 

 

 

—

 

Series G

 

 

2,000

 

 

 

—

 

Series H

 

 

2,500

 

 

 

—

 

Series I

 

 

1,000

 

 

 

—

 

Series J

 

 

1,350

 

 

 

—

 

Series J-1

 

 

1,000

 

 

 

—

 

Series K

 

 

20,000

 

 

 

—