DERIVATIVE LIABILITIES (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

SCHEDULE OF DERIVATIVE LIABILITIES

The derivative liabilities as of September 30, 2024 and December 31, 2023 were as follows:

	September 30, 2024		December 31, 2023
Fair value of the Platinum Point Warrants (25,000 warrants)		-		17,500
	$	-	$	17,500

The derivative liabilities as of December 31, 2023 and December 31, 2022 were as follows:

	December 31, 2023		December 31, 2022
Fair value of the Platinum Point Warrants (25,000 warrants)	$	17,500	$	-
	$	17,500	$	-

SCHEDULE OF ACTIVITY RELATED TO DERIVATIVE LIABILITIES

Activity related to the derivative liabilities for the nine months ended September 30, 2024 were as follows:

Beginning balance as of December 31, 2023	$	17,500
Change in fair value of warrant - derivative liability		(17,500	)
Ending balance as of September 30, 2024	$	-

Activity related to the derivative liabilities for the year ended December 31, 2023 is as follows:

Beginning balance as of December 31, 2022	$	-
Warrants/conversion option – derivative liabilities recognized due to reverse acquisition		219,172
Extinguishment of conversion option derivative liabilities due to debt extinguishment		(160,002	)
Change in fair value of warrants/conversion option - derivative liabilities		(41,670	)
Ending balance as of December 31, 2023	$	17,500

Black Scholes Valuation Model [Member]

SCHEDULE OF VALUATION ASSUMPTIONS

The fair value of the Platinum Point Warrants derivative liability was estimated using a Black-Scholes valuation model with a stock price of $11.60. Changes to the inputs used in the model could produce a significantly higher or lower fair value. The following assumptions were used as of September 30, 2024 and December 31, 2023:

	Nine Months Ended September 30, 2024			Year Ended December 31, 2023
Expected term (years)		N/A			0.12
Expected volatility		N/A	%		1,288.16	%
Expected dividend yield		N/A	%		0.00	%
Risk-free interest rate		N/A	%		4.79	%

The fair value of the Platinum Point Warrants derivative liability is estimated using a Black-Scholes valuation model with a stock price of $11.60. Changes to the inputs used in the model could produce a significantly higher or lower fair value. The following assumptions were used as of December 31, 2023 and December 31, 2022:

	For the Years Ended
	December 31,			December 31,
	2023			2022
Expected term (years)		0.12			-
Expected volatility		1,288.16	%		-
Expected dividend yield		0.00	%		-
Risk-free interest rate		4.79	%		-