Quarterly report pursuant to Section 13 or 15(d)

Stockholder???s Equity (Tables)

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Stockholder’s Equity (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Activity of Warrant

A summary of activity of the warrants during the three months ended March 31, 2024 as follows:

 

    Number of     Weighted average     Average  
    shares     Exercise Price     Life (years)  
Outstanding, December 31, 2023     233,816     $ 13.22       4.73  
                         
Granted     69,900       4.50       5.00  
Granted     200       100.00       5.00  
Granted     62,585       5.63       5.00  
Granted     66,050       7.50       5.00  
Split – warrant granted in October 2023     316,286       3.90       -  
Exercised     (488,624 )     3.98       -  
                         
Outstanding, March 31, 2024     260,213     $ 7.95       4.48  
                         
Exercisable, March 31, 2024     131,578     $ 6.32       2.49  
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:

 

    Three months ended  
    March 31,  
    2024  
Expected term     3.50 years  
Expected average volatility     187 %
Expected dividend yield     -  
Risk-free interest rate     4.14 %
Schedule of Activity of Stock Options

A summary of activity of the stock options during the three months ended March 31, 2024, is as follows:

 

    Options Outstanding     Weighted Average  
    Number of     Weighted Average     Remaining life  
    Options     Exercise Price     (years)  
                   
Outstanding, December 31, 2023     39,752     $ 16.42       4.57  
Granted     25,000     $ 4.12       5.00  
Exercised     -       -       -  
Forfeited/canceled     -       -       -  
Outstanding, March 31, 2024     64,752     $ 11.67       4.57  
                         
Exercisable options, March 31, 2024     200     $ 100.00       4.57