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Stockholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2024
Class of Stock [Line Items]  
Summary of Stock Options Activity

A summary of all stock option activity as of and for the nine months ended September 30, 2024 is presented below:

Summary of Stock Options Activity 

   # of Options   Weighted-
Average
Exercise Price
 
Outstanding as of December 31, 2023   2,120   $57.95 
           
Outstanding and Exercisable as of September 30, 2024   2,120   $57.95 
Summary of Warrant Activity

A summary of all warrant activity as of and for the nine months ended September 30, 2024 is presented below:

Summary of Warrant Activity 

   Warrants   Weighted-
Average
Remaining
Life (Years)
   Weighted-
Average
Exercise
Price
   Aggregate
Intrinsic
Value
 
Outstanding as of December 31, 2023   201,667    3.8   $34.87   $       - 
                     
Granted   1,196,043    5.0    5.00    - 
Outstanding as of September 30, 2024   1,397,710    4.8   $9.31   $- 
Warrant [Member]  
Class of Stock [Line Items]  
Schedule of Fair Value of Warrants

The estimated fair value of the new warrants issued was based on a combination of closing market trading price on the date of issuance for the public offering warrants, and the Black-Scholes option-pricing model, using the assumptions below:

 

Volatility   100%
Risk-free interest rate   4.4%
Expected term (in years)   5.0 
Expected dividend yield    
Fair value of common stock  $0.55