Debt (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Debt [Abstract]

Schedule of Bridge Notes and Related Party Notes

Significant terms of the Bridge Notes and Related Party Notes are summarized as follows:

	2022 Bridge Notes	Related Party Notes	2023 Bridge Notes
Issuance date of promissory notes	May 2022	May 2022	May 2023
Maturity date of promissory notes	1	1	2
Interest rate	10%	6%	10%
Default interest rate	15%	15%	15%
Collateral	Unsecured	Unsecured	Unsecured
Conversion rate	3	3	3

Bridge Notes and Related Party Notes are summarized as follows at December 31, 2023 and 2022:

	2022 Bridge Notes			Related Party Notes			2023 Bridge Notes
Issuance date of promissory notes		May 2022			May 2022			May 2023
Maturity date of promissory notes		1			1			2
Interest rate		10	%		6	%		10	%
Default interest rate		15	%		15	%		15	%
Collateral		Unsecured			Unsecured			Unsecured
Conversion rate		3			3			3
Face amount of notes	$	888,889		$	338,889		$	-
Less: unamortized debt discount		(407,555	)		(155,443	)		-
Add: accrued interest on promissory notes		54,567			11,651			-
Balance - December 31, 2022	$	535,901		$	195,097		$	-
Face amount of notes		-			-			-
Less: unamortized debt discount		-			-			-
Add: accrued interest on promissory notes		-			-			-
Balance - December 31, 2023	$	-		$	-		$	-

Schedule of Reconciliation of the Beginning and Ending Balances for the Convertible Knight Note

A reconciliation of the beginning and ending balances for the Convertible Knight Note, which is measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the three and nine months ended September 30, 2023:

	Convertible Knight Note, at fair value
Promissory Notes, at fair value at December 31, 2022	$	-
Fair value at modification date - January 9, 2023		21,520,650
Fair value - mark to market adjustment		(339,052	)
Accrued interest recognized		634,243
Promissory Notes, at fair value at March 31, 2023		21,815,841
Fair value - mark to market adjustment		1,064,849
Accrued interest recognized		659,306
Promissory Notes, at fair value at June 30, 2023		23,539,996
Fair value - mark to market adjustment		(6,105,066	)
Extinguishment of Promissory Notes		(17,434,930	)
Promissory Notes, at fair value at September 30, 2023	$	-

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

	Convertible Knight Note, at fair value
Promissory Notes, at fair value at December 31, 2022	$	-
Fair value at modification date - January 9, 2023		21,520,650
Fair value - mark to market adjustment		(5,379,269	)
Accrued interest recognized		1,293,549
Extinguishment of Promissory Notes		(17,434,930	)
Promissory Notes, at fair value at December 31, 2023	$	-

Schedule of the Current Future Payment Obligations

The current future payment obligations of the principal are as follows:

Period	Principal Payments
2024 (remaining three months)	$	-
2025		-
2026		683
2027		3,228
2028		3,342
Thereafter		142,747
Total	$	150,000

The current future payment obligations of the principal are as follows:

Period	Principal Payments
2024	$	-
2025		-
2026		683
2027		3,228
2028		3,342
Thereafter		142,747
Total	$	150,000

Schedule of Promissory Notes

Promissory notes are summarized as follows at December 31, 2023:

		Knight Therapeutics		Note, including amendment		Bridge Notes		Total
Promissory Notes (including accrued interest), at fair value	$	-	$	-	$	-	$	-
Promissory Notes (including accrued interest)		-		-		-		-
Less Current Maturities		-		-		-		-
Long Term Promissory Notes	$	-	$	-	$	-	$	-

Promissory notes are summarized as follows at December 31, 2022:

	Knight Therapeutics		Note, including amendment		Bridge Notes		Total
Promissory Notes (including accrued interest)	$	16,319,986	$	1,109,783	$	535,901	$	17,965,670
Less Current Maturities		16,319,986		-		535,901		16,855,887
Long Term Promissory Notes	$	-	$	1,109,783	$	-	$	1,109,783

Schedule of the Knight Debenture

The Knight debenture as of December 31, 2023 and 2022 consisted of the following:

	December 31, 2023		December 31, 2022
Original Debenture	$	-	$	3,000,000
Unamortized Debt Discount		-		(279,061	)
Debenture Prior to Accumulated Interest		-		2,720,939
Accumulated Interest		-		1,555,670
Debenture	$	-	$	4,276,609