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SUBSEQUENT EVENTS (Tables)
 9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
SCHEDULE OF REVERSE STOCK SPLIT RETROACTIVELY ADJUSTED EQUITY FOR THE PERIODS

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   December 31, 2022 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common Stock - Shares   13,365,000    (12,474,000)   891,000 
Common Stock - Amount   1,337    (1,248)   89 
Additional Paid-in Capital   2,628,449    1,247    2,629,696 

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   March 31, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common Stock - Shares   15,315,000    (14,294,000)   1,021,000 
Common Stock - Amount  $1,532   $(1,430)  $102 
Additional Paid-in Capital  $8,394,285   $1,430   $8,395,714 

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   June 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common Stock - Shares   16,714,500    (15,600,200)   1,114,300 
Common Stock - Amount  $1,671   $(1,559)  $112 
Additional Paid-in Capital  $9,861,684   $1,559   $9,863,242 

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   September 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common Stock - Shares   16,789,500    (15,670,200)   1,119,300 
Common Stock - Amount  $1,679   $(1,796)  $117 
Additional Paid-in Capital  $10,013,268   $1,564   $10,014,831 

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   December 31, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common Stock - Shares   21,419,500    (19,991,533)   1,427,967 
Common Stock - Amount   2,142    (1,994)   148 
Additional Paid-in Capital   12,000,785    1,995    12,002,779 

 

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   March 31, 2024 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common Stock - Shares   23,619,500    (22,044,866)   1,574,634 
Common Stock - Amount  $2,362   $(2,199)  $163 
Additional Paid-in Capital  $12,635,030   $2,200   $12,637,229 

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   June 30, 2024 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common Stock - Shares   29,135,451    (27,193,087)   1,942,364 
Common Stock - Amount  $2,913   $(2,713)  $200 
Additional Paid-in Capital  $30,300,213   $482,664   $30,782,876 
SCHEDULE OF REVERSE STOCK SPLIT RETROACTIVELY ADJUSTED LOSS PER SHARE AND WEIGHTED AVERAGE SHARES OUTSTANDING FOR THE PERIODS

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   Three months ended September 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Loss attributable to common stockholders   (1,799,460)   -    - 
Weighted average shares used to compute basic and diluted EPS   15,923,588    (14,862,016)   1,061,572 
Loss per share - basic and diluted  $(0.11)  $(1.59)  $(1.70)

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   Nine months ended September 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Loss attributable to common stockholders   (6,644,370)   -    - 
Weighted average shares used to compute basic and diluted EPS   14,923,461    (13,928,564)   994,897 
Loss per share - basic and diluted  $(0.45)  $(6.23)  $(6.68)
SCHEDULE OF REVERSE STOCK SPLIT RETROACTIVELY ADJUSTED OUTSTANDING STOCK OPTIONS AND WARRANTS EXERCISABLE OR ISSUABLE FOR THE PERIODS

 

   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   Nine months ended September 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
Common stock options   1,400,000    (1,306,667)   93,333 
common stock warrants   1,063,000    (992,133)   70,867 
SCHEDULE OF REVERSE STOCK SPLIT RETROACTIVELY ADJUSTED WARRANTS ISSUABLE FOR THE PERIODS

 

   Nine months ended September 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   Options Outstanding   Weighted Average Exercise Price   Options Outstanding   Weighted Average Exercise Price   Options Outstanding   Weighted Average Exercise Price 
Options outstanding at December 31, 2022   1,250,000   $1.10    (1,166,667)  $15.40    83,333   $16.50 
Options exercised   -         -         -    - 
Options cancelled   -         -         -    - 
Options granted   150,000   $1.10    (140,000)  $15.40    10,000   $16.50 
Options outstanding at September 30, 2023   1,400,000         (1,306,667)        93,333      

 

Warrants were adjusted retroactively to give effect to the Reverse Stock Split for the nine months ended September 30, 2023:

 

   Nine months ended September 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   Warrants Outstanding   Weighted Average Exercise Price   Warrants Outstanding   Weighted Average Exercise Price   warrants Outstanding   Weighted Average Exercise Price 
Warrants outstanding at December 31, 2022   2,000,000   $1.00    (1,866,667)  $14.00    133,333   $15.00 
Warrants exercised   (1,024,500)  $1.00    956,200   $14.00    (68,300)  $15.00 
Warrants cancelled   -         -         -    - 
Warrants granted   87,500   $5.00    (81,667)  $70.00    5,833   $75.00 
Warrants outstanding at September 30, 2023   1,063,000         (992,134)        70,866      
SCHEDULE OF REVERSE STOCK SPLIT RETROACTIVELY ADJUSTED WARRANTS ISSUABLE FOR THE PERIODS

 

   Nine months ended September 30, 2023 
   As Previously Reported   Impact of Reverse Stock Split   As Revised 
   Warrants Outstanding   Weighted Average Exercise Price   Warrants Outstanding   Weighted Average Exercise Price   warrants Outstanding   Weighted Average Exercise Price 
Warrants outstanding at December 31, 2022   2,000,000   $1.00    (1,866,667)  $14.00    133,333   $15.00 
Warrants exercised   (1,024,500)  $1.00    956,200   $14.00    (68,300)  $15.00 
Warrants cancelled   -         -         -    - 
Warrants granted   87,500   $5.00    (81,667)  $70.00    5,833   $75.00 
Warrants outstanding at September 30, 2023   1,063,000         (992,134)        70,866