SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Equity [Abstract]

SCHEDULE OF STOCK OPTION

A summary of the stock option activity under the Company’s incentive plan for the nine months ended September 30, 2024 is presented below:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at December 31, 2023		2,022		$	857.55	$	1,158.30		3.4	$	—
Granted		—		$	—	$	—				—
Forfeited		(484	)	$	590.25	$	810.30				—
Outstanding at September 30, 2024		1,538		$	941.55	$	1,267.65		2.6	$	—
Exercisable at September 30, 2024		1,477		$	979.50	$	1,319.70		2.2	$	—

A summary of the stock option activity under the Company’s incentive plan for the years ended December 31, 2023 and 2022 is presented below:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at January 1, 2022		1,589		$	1,185	$	1,552.50		5.3	$	34,333
Granted		1,700		$	46.05	$	38.70			$	—
Forfeited		(67	)	$	2,625	$	2,107.50			$	—
Outstanding at December 31, 2022		3,222		$	555.75	$	672.30		4.1	$	—
Granted		—		$	—	$	—				—
Forfeited		(1,200	)	$	46.05	$	38.70				—
Outstanding at December 31, 2023		2,022		$	857.55	$	1,158.30		3.4	$	—
Exercisable at December 31, 2023		1,712		$	966.75	$	1,330.80		2.9	$	—

SCHEDULE OF STOCK OPTION ASSUMPTION

Options granted during the years ended December 31, 2022 were valued using the Black Scholes model with the following assumptions:

	December 31, 2022
Term (years)		5.5
Stock price	$	46.05
Exercise price	$	46.05
Dividend yield		—
Expected volatility		112.0	%
Risk free interest rate		3.9	%

SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

The Company’s activity in restricted stock units was as follows for the nine months ended September 30, 2024:

	Number of shares			Weighted average fair value
Non-vested at December 31, 2023		9,366		$	434.55
Granted		16,767		$	12.75
Forfeited		(650	)	$	43.05
Vested		(2,042	)	$	333.30
Non-vested at September 30, 2024		23,441		$	152.55

The Company’s activity in restricted stock units was as follows for the year ended December 31, 2023:

	Number of shares			Weighted average fair value
Non-vested at January 1, 2022		4,135		$	1,890
Granted		2,497		$	502.50
Forfeited		(1,785	)	$	1,194.60
Vested		(576	)	$	1,958.25
Non-vested at December 31, 2022		4,271		$	1,388.55
Granted		12,167		$	40.95
Forfeited		(2,896	)	$	385.80
Vested		(4,176	)	$	297.00
Non-vested at December 31, 2023		9,366		$	434.55

SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

	Three Months Ended September				Nine Months Ended September
Stock-based compensation expense for RSUs:	2024		2023		2024		2023
General and administrative	$	162,042	$	101,607	$	476,513	$	946,851
Research and development		207,158		226,646		620,057		691,514
Total	$	369,200	$	328,253	$	1,096,570	$	1,638,365

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

	Year ended December 31,
	2023		2022
Stock-based compensation expense for RSUs:
General and administrative	$	1,085,791	$	1,389,359
Research and development		908,294		1,026,907
Total	$	1,994,085	$	2,416,266

SCHEDULE OF WARRANTS OUTSTANDING

The following table summarizes information about shares issuable under warrants outstanding at September 30, 2024:

	Warrant shares outstanding			Weighted average exercise price		Weighted average remaining life		Intrinsic value
Outstanding at December 31, 2023		186,614		$	176.85		4.6	$	—
Expired		(39	)		2,400.00		—	$	—
Exercised		(130,267	)		20.55		—	$	—
Outstanding at September 30, 2024		56,308		$	536.70		3.0	$	—
Exercisable at September 30, 2024		56,308		$	536.70		3.0	$	—

The following table summarizes information about shares issuable under warrants outstanding at December 31, 2023 and 2022:

	Warrant shares outstanding			Weighted average exercise price		Weighted average remaining life		Intrinsic value
Outstanding at January 1, 2022		13,031		$	1,965		3.4	$	801,024
Issued		81,834		$	154.65			$	—
Exercised		(51,167	)	$	—			$	—
Exchanged for common stock		—		$	—			$	—
Outstanding at December 31, 2022		43,698		$	875.40		3.6	$	5,514
Issued		154,088		$	20.55			$	—
Exercised		(8,134	)	$	20.55			$	—
Forfeited		(3,038	)	$	1,672.50			$	—
Outstanding at December 31, 2023		186,614		$	176.85		4.6	$	—
Exercisable at December 31, 2023		186,614		$	176.85		4.6	$	—

SCHEDULE OF INVESTMENT OPTIONS

The following table summarizes information about investment options outstanding at September 30, 2024:

	Investment options outstanding		Weighted average exercise price		Weighted average remaining life		Intrinsic value
Outstanding at December 31, 2023		4,667	$	150.00		4.1	$	—
Outstanding at September 30, 2024		4,667	$	150.00		2.9	$	—
Exercisable at September 30, 2024		4,667	$	150.00		2.9	$	—

The following table summarizes information about investment options outstanding at December 31, 2023 and 2022:

	Investment options outstanding			Weighted average exercise price		Weighted average remaining life		Intrinsic value
Outstanding at January 1, 2022		—		$	—		—	$	—
Issued		71,334		$	118.95		—		—
Outstanding at December 31, 2022		71,334		$	118.95		5.1	$	—
Exercised		(66,667	)	$	20.55		—		—
Outstanding at December 31, 2023		4,667		$	150.00		4.1	$	—
Exercisable at December 31, 2023		4,667		$	150.00		4.1	$	—

SCHEDULE OF BLACK SCHOLES VALUATION MODEL FOR VALUATION OF WARRANTS

The Company established the initial fair value of its equity classified Inducement Warrants at the date of issuance on December 28, 2023. The Company used a Black Scholes valuation model in order to determine their value. The key inputs into the Black Scholes valuation model for the valuation of the warrants are below:

	Roth and Inducement Warrants
	December 28, 2023
Term (years)		5.0
Stock price	$	23.40
Exercise price	$	20.55
Dividend yield		—	%
Expected volatility		92.0	%
Risk free interest rate		3.80	%
Number of warrants		154,088
Value (per share)	$	17.40