WARRANT LIABILITY (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

SCHEDULE OF ESTIMATED FAIR VALUES OF WARRANT LIABILITIES MEASURED ON A RECURRING BASIS

For the period ended March 31, 2024, the estimated fair values of the warrant liabilities measured on a recurring basis are as follows:

	Three Months Ended
	March 31, 2024
Expected term		1.59 - 2.50 years
Expected average volatility		177 – 220	%
Expected dividend yield		8.33	%
Risk-free interest rate		1.50 – 5.46	%

SUMMARY OF CHANGES IN WARRANT LIABILITIES

The following table summarizes the changes in the warrant liabilities during the three months ended March 31, 2024, and year ended December 31, 2023:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Warrant liability December 31, 2022	$	198,479
Addition of new warrants		-
Change in fair value of warrant liability		(159,363	)
Warrant liability as of December 31, 2023	$	39,116
Addition of new warrants	$	-
Change in fair value of warrant liability		1,251
Warrant liability as of March 31, 2024	$	40,367