WARRANT LIABILITY (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024, the estimated fair values of the warrant liabilities measured on a recurring basis are as follows:

	Six Months Ended
	June 30, 2024
Expected term (years)		1.34 – 2.50
Expected average volatility		177% - 220%
Expected dividend yield		8.33%
Risk-free interest rate		1.50% - 5.19%

SUMMARY OF CHANGES IN WARRANT LIABILITIES

The following table summarizes the changes in the warrant liabilities during the six months ended June 30, 2024, and the year ended December 31, 2023:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Warrant liability December 31, 2023	$	39,116
Addition of new warrants	$	-
Change in fair value of warrant liability		(19,801	)
Warrant liability as of June 30, 2024	$	19,315