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SHAREHOLDERS’ EQUITY (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Equity [Abstract]    
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 

The table below summarizes the Company’s warrant activities for years ended December 31, 2022 and 2023:

 

   Number of
Warrant Shares
   Exercise Price
Range Per Share
   Weighted Average
Exercise Price
 
             
Balance, December 31, 2021   120,000   $4.17 - 8.33   $5.23 
Granted   150,000    4.17    4.17 
Cancelled            
Exercised            
Forfeited/Expired   (90,000)   4.17    4.17 
Balance, December 31, 2022   180,000    4.17 - 8.33    4.86 
Granted            
Cancelled            
Exercised            
Forfeited/Expired   (30,000)   8.33    8.33 
Balance, December 31, 2023   150,000   $4.17   $4.17 
Vested and exercisable, December 31, 2023   150,000   $4.17   $4.17 
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 

The following table summarizes information concerning outstanding and exercisable warrants as of December 31, 2023:

 

    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

 
                             
$4.17     150,000   1.17   $4.17     150,000   1.17   $4.17 
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