Fair Value (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Changes in Fair Value of Liabilities Measured at Fair Value on a Recurring Basis

The following table provides a summary of the changes in fair value, including net transfers in and/or out, of all of the Company’s instruments recorded at fair value, which were all Level 3 liabilities measured at fair value on a recurring basis using unobservable inputs during the years ended December 31, 2023 and 2022:

	Accrued			Accrued			Derivative
	Interest			Compensation			Liability			Total
Balance - January 1, 2022	$	402,344		$	61,306		$	-		$	463,650
Accrual of warrant obligation		173,712			-			-			173,712
Issuance of warrants		(173,712	)		-			-			(173,712	)
Change in fair value		102,356			(2,086	)		-			100,270
Balance - December 31, 2022	$	504,700		$	59,220		$	-		$	563,920
Accrual of warrant obligation		40,167			-			-			40,167
Accrual of common stock obligation		-			37,959			-			37,959
Issuance of warrants		(40,167	)		-			-			(40,167	)
Issuance of warrants and conversion option		-			-			43,900			43,900
Change in fair value		(148,190	)		(77	)		(10,900	)		(159,167	)
Balance - December 31, 2023	$	356,510		$	97,102		$	33,000		$	486,612

Schedule of Assumptions Used for Valuation of Level 3 Liabilities

In applying the Black-Scholes option pricing model utilized in the valuation of Level 3 liabilities, the Company used the following approximate assumptions:

	For the Years Ended
	December 31,
	2023			2022
Risk-free interest rate		3.60% - 4.70	%		2.42% - 4.25	%
Expected term (years)		4.00 - 5.00			4.00 - 5.00
Expected volatility		65%- 80	%		80% - 90	%
Expected dividends		0.00	%		0.00	%