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Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Fair Value Warrant by Using Black-Scholes Pricing Model Assumptions Prior to Modification

Schedule of Fair Value Warrant by Using Black-Scholes Pricing Model Assumptions Prior to Modification

   2022 Purchase   2022 Inducement 
Stock price  $4.90   $4.90 
Expiration term (in years)   4.04    3.08 
Volatility   90.0%   90.0%
Risk-free Rate   4.66%   4.72%
Dividend yield   0.0%   0.0%

 

The fair value of the Existing Warrants was determined to be $1.4 million immediately after the modification in accordance with the following key assumptions:

 

   2022 Purchase   2022 Inducement 
Stock price  $4.90   $4.90 
Expiration term (in years)   5.00    5.00 
Volatility   90.0%   90.0%
Risk-free Rate   4.60%   4.60%
Dividend yield   0.0%   0.0%
Schedule of Outstanding Warrants

Warrants – The details of all outstanding warrants as of December 31, 2023 were as follows:

 

   Warrant Shares  

Weighted Average

Exercise Price

 
Balance, December 31, 2021   219,477   $99.69 
Issued   463,686    35.77 
Exercised   (221,307)   20.92 
Balance, December 31, 2022   461,856    52.29 
Issued   2,862,500    2.24 
Exercised   -      
Balance, December 31, 2023   3,324,356   $2.46