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STOCKHOLDERS’ EQUITY AND MEZZANINE EQUITY (Tables)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
SUMMARY OF REDEMPTION VALUE OF SHARES

The following table illustrates the redemption value of the shares of Series B preferred Stock in the offering:

 

 

   4,222,000 
Series B Offering   
Issuance of 422,200 Series B Preferred Stock due to Offering   4,222,000 
Less: Warrants fair value   (2,653,105)
Accretion of Series B issuances   3,955,916 
Balance as of June 30, 2024   5,524,811 
SCHEDULE OF CHANGES IN COMMON STOCK WARRANTS

 

       Weighted       Weighted 
   Warrants Outstanding   Average       Average 
   Number   Exercise   Remaining   Aggregate   Exercise 
   Of   Price   Contractual   Intrinsic   Price 
   Shares   Per Share   Life   Value   Per Share 
                     
Balance at December 31, 2023   2,608,734   $0.00816.00    4.81   $1,624,905   $10.67 
                          
Warrants granted   53,410,001   $0.06    4.33   $4,272,300   $0.06 
Warrants exercised   -   $-    -   $-   $- 
Warrants expired/cancelled   (96,616)   $0.00816.00    -   $-   $- 
                          
Balance at June 30, 2024   55,922,119   $0.0616.00    4.88   $5,031,900   $0.67 
                          
Exercisable at June 30, 2024   55,922,119   $0.0616.00    4.88   $5,031,900   $0.67 
                          
Balance at December 31, 2022   -   $-    -   $-   $- 

Warrants acquired concurrent with the Titan Merger

   108,734   $0.00816.00    0.78   $57,296   $8.31 
Warrants granted   -   $-    -   $-   $- 
Warrants exercised/ exchanged   -   $-    -   $-   $- 
Warrants expired/cancelled   -   $-    -   $-   $- 
                          
Balance at June 30, 2023   108,734   $0.00816.00    0.78   $57,296   $8.31 
                          
Exercisable at June 30, 2023   106,907   $0.00816.00    0.88   $54,389   $9.45