Fair Value (Tables)

9 Months Ended

Sep. 30, 2024

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 Level 3 liabilities measured at fair value on a recurring basis using unobservable inputs during the three and nine months ended September 30, 2024 and 2023:

	Accrued			Accrued			Derivative
	Interest			Compensation			Liabilities			Total
Balance - January 1, 2024	$	356,510		$	97,102		$	33,000		$	486,612
Accrual of warrant obligation		6,666			-			-			6,666
Issuance of warrants and conversion option		-			-			5,100			5,100
Common stock issued in satisfaction of accrued compensation		-			(45,000	)		-			(45,000	)
Change in fair value		(74,316	)		(766	)		(5,800	)		(80,882	)
Balance - March 31, 2024	$	288,860		$	51,336		$	32,300		$	372,496
Reclassification of warrant obligation to derivative liabilities		(6,666	)		-			6,666			-
Issuance of warrants and conversion option		-			-			349,638			349,638
Change in fair value		12,502			1,815			(11,146	)		3,171
Balance - June 30, 2024	$	294,696		$	53,151		$	377,458		$	725,305
Issuance of warrants and conversion option		-			-			311,263			311,263
Change in fair value		129,783			3,284			98,550			231,617
Balance - September 30, 2024	$	424,479		$	56,435		$	787,271		$	1,268,185

	Accrued			Accrued
	Interest			Compensation			Total
Balance - January 1, 2023	$	504,700		$	59,220		$	563,920
Accrual of warrant obligation		40,167			-			40,167
Change in fair value		(46,131	)		(1,095	)		(47,226	)
Balance - March 31, 2023		498,736			58,125			556,861
Accrual of common stock obligation		-			9,438			9,438
Satisfaction of warrant obligation		(40,167	)		-			(40,167	)
Change in fair value		27,272			73			27,345
Balance - June 30, 2023		485,841			67,636			553,477
Change in fair value		47,554			2,204			49,758
Balance - September 30, 2023	$	533,395		$	69,840		$	603,235

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 Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2024			2023			2024			2023
Risk-free interest rate		3.58% - 5.33	%		4.60% - 4.70	%		3.58% - 5.33	%		3.60% - 4.70	%
Expected term (years)		0.82 - 10.00			4.00 - 5.00			0.82 - 10.00			4.00-5.00
Expected volatility		75	%		80	%		65% - 75	%		80	%
Expected dividends		0.00	%		0.00	%		0.00	%		0.00	%