SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODELS FOR WARRANT-BASED STOCK COMPENSATION

The stock compensation issued for services during the three months ended March 31, 2024, were valued on the date of issuance. The following assumptions were used in calculations of the Black-Scholes option pricing models for warrant-based stock compensation issued in the three months ended March 31, 2024:

	1/2/24			1/8/24			3/28/24
Risk-free interest rate		3.93	%		4.01	%		4.20	%
Expected life		5 years			5 years			5 years
Expected dividends		0	%		0	%		0	%
Expected volatility		91.92	%		92.01	%		89.73	%
BIOF common stock fair value	$	0.083		$	0.095		$	0.105