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SHAREHOLDERS’ EQUITY (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
SCHEDULE OF RESTRICTED COMMON STOCK ACTIVITY

The following table summarizes restricted common stock activity during the nine months ended September 30, 2024:

 

  

Number of

Restricted Shares

   Fair Value   Weighted Average Grant Date Fair Value 
Non-vested, December 31, 2023      $   $ 
Granted   80,000    174    2.18 
Vested      (5)   (1.90)
Forfeited            
Non-vested, September 30, 2024   80,000   $169   $2.18 
SCHEDULE OF WARRANT ACTIVITY

The table below summarizes the Company’s warrant activities for nine months ended September 30, 2024:

 

   Number of Warrant Shares  

Exercise

Price

Range

Per Share

   Weighted Average Exercise Price 
             
Balance, December 31, 2023   150,000   $4.17   $4.17 
Granted   128,188    2.404.80    4.43 
Cancelled            
Exercised            
Forfeited/Expired            
Balance, September 30, 2024   278,188   $2.404.80   $4.29 
Vested and exercisable, September 30, 2024   169,688   $2.404.17   $3.96 
SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS

The following table summarizes information concerning outstanding and exercisable warrants as of September 30, 2024:

 

    Warrants Outstanding   Warrants Exercisable 
Range of Exercise Prices   Number Outstanding  

Average Remaining Contractual Life

(in years)

   Weighted Average Exercise Price   Number Exercisable  

Average Remaining Contractual Life

(in years)

   Weighted Average Exercise Price 
                          
$2.40    19.688    5.00   $2.40    19,688    5.00   $2.40 
 

4.17 -

4.80
    258,500    2.39    4.43    150,000    0.50    4.17 
$2.404.80    278,188    2.57   $4.29    169,688    1.02   $3.96