Annual report pursuant to Section 13 and 15(d)

Stockholder???s Equity (Tables)

v3.24.3
Stockholder’s Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Warrant Valuation Assumption

The Company utilizes the Black-Scholes model to value its warrants. The Company utilized the following assumptions:

 

     

Year ended

December 31,

2023

 
Expected term     5 years  
Expected average volatility     182 - 190 %
Expected dividend yield     -  
Risk-free interest rate     3.62 - 3.96 %
Schedule of Activity of Warrant

A summary of activity of the warrants during the year ended December 31, 2023 as follows:

 

    Number of     Weighted average     Average  
    shares     Exercise Price     Life (years)  
Outstanding, December 31, 2022     -     $ -       -  
Granted     146,100       30.00       5.00  
Granted     558,220       33.00       5.00  
Granted     6,901       37.50       5.00  
Granted     10,228       41.25       5.00  
Granted     11,820       12.69       5.00  
Granted     197,006       10.15       5.00  
Exercised     (146,100 )     30.00       -  
Exercised     (550,359 )     33.00       -  
Expired     -       -       -  
Outstanding, December 31, 2023     233,816     $ 13.22       4.73  
                         
Exercisable, December 31, 2023     233,816     $ 0.13       4.73  
Schedule of Utilizes Black-Scholes Model to Value of Stock Options

The Company utilizes the Black-Scholes model to value its stock options. The Company utilized the following assumptions:

 

   

Year Ended

December 31,

2023

 
Expected term     2.50 - 3.75 years  
Expected average volatility     173 %
Expected dividend yield     -  
Risk-free interest rate     4.46 - 5.02%  
Schedule of Activity of Stock Options

A summary of activity of the stock options during the year ended December 31, 2023, is as follows:

 

    Options Outstanding     Weighted  
    Number of     Weighted Average     Average Remaining life  
    Options     Exercise Price     (years)  
                   
Outstanding, December 31, 2022     -     $ -       -  
Granted     39,752       16.42       5.00  
Exercised     -       -       -  
Forfeited/canceled     -       -       -  
Outstanding, December 31, 2023     39,752     $ 16.42       4.64  
                         
Exercisable options, December 31, 2023     200     $ 100.00       4.82