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Stockholder’s Equity (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Activity of Warrants

A summary of activity of the warrants during the nine months ended September 30, 2024 as follows:

 

   Number of   Weighted average   Average 
   shares   Exercise Price   Life (years) 
Outstanding, December 31, 2023   233,816   $13.22    4.73 
                
Granted   69,900    4.50    5.00 
Granted   200    100.00    5.00 
Granted   62,585    5.63    5.00 
Granted   66,050    7.50    5.00 
Split – warrant granted in October 2023   316,286    3.90    - 
Exercised   (488,624)   3.98    - 
                
Outstanding, September 30, 2024   260,213   $8.94    4.15 
                
Exercisable, September 30, 2024   260,213   $8.94    4.15 
Schedule of Utilizes Black-Scholes Model to Value of Stock Options

The Company utilizes the Black-Scholes model to value its stock options. The Company utilized the following assumptions:

 

   Nine months ended 
   September 30, 2024 
Expected term   3.50 years 
Expected average volatility   187%
Expected dividend yield   - 
Risk-free interest rate   4.14%
Schedule of Activity of Stock Options

A summary of activity of the stock options during the nine months ended September 30, 2024, is as follows:

 

   Options Outstanding   Weighted Average 
   Number of   Weighted Average   Remaining life 
   Options   Exercise Price   (years) 
             
Outstanding, December 31, 2023   39,752   $16.42    4.64 
Granted   25,000    4.12    5.00 
Exercised   -    -    - 
Forfeited/canceled   -    -    - 
Outstanding, September 30, 2024   64,752   $11.67    4.07 
                
Exercisable options, September 30, 2024   10,088   $17.67    3.89