Derivative Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Liabilities [Abstract]

Schedule of Derivative Expense

Derivative expense recorded during the year ended December 31, 2023 is summarized as follows:

Commitment Date	May 8, 2023
Fair value of derivative liabilities	$	954,725
Less: face amount of debt		(555,000	)
Derivative expense	$	399,725

Schedule of Derivative Liabilities Measured at Fair Value on a Recurring Basis

A reconciliation of the beginning and ending balances for the derivative liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the year ended December 31, 2024:

	Contingent Milestone Payment			Total
Derivative liabilities - December 31, 2023	$	2,306,796		$	2,306,796
Change in fair value		(1,665,966	)		(1,665,966	)
Derivative liabilities - December 31, 2024	$	640,830		$	640,830

A reconciliation of the beginning and ending balances for the derivative liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the year ended December 31, 2023:

	Bridge Shares			Warrants			Convertible Notes Payable			Contingent Milestone Payment		Total
Derivative liabilities - December 31, 2022	$	834,352		$	578,164		$	81,684		$	-	$	1,494,200
Change in fair value		13,798			(15,320	)		(1,312	)		-		(2,834	)
Fair value - commitment date		680,276			274,449			-			-		954,725
Change in fair value prior to conversion or reclassification		(105,790	)		1,455			(45,207	)		-		(149,542	)
Conversion of convertible promissory notes		(1,422,636	)		-			(35,165	)		-		(1,457,801	)
Reclassification of warrants to equity		-			(838,748	)		-			-		(838,748	)
Recognition of contingent milestone liability		-			-			-			2,117,142		2,117,142
Change in fair value		-			-			-			189,654		189,654
Derivative liabilities - December 31, 2023	$	-		$	-		$	-		$	2,306,796	$	2,306,796