FINANCIAL LIABILITY (Tables)

12 Months Ended

Dec. 31, 2023

Investments, All Other Investments [Abstract]

SCHEDULE OF FINANCIAL LIABILITY

	December 31, 2023		December 31, 2022
Convertible note payable, net of debt issuance costs	$	-	$	52,143
Warrant liabilities, net of debt issuance costs	$	482,219	$	1,389,643

SCHEDULE OF CONVERTIBLE DEBT

Convertible note	First Tranche			Second Tranche			Total
Initial recognition	$	3,438,933		$	-		$	3,438,933
Amortization of insurance cost		358,155			288,095		$	646,250
Conversion to ordinary shares		(3,797,088	)		(235,952	)		(4,033,040	)
Balance as of December 31, 2022	$	-		$	52,143		$	52,143
Amortization of insurance cost		-			47,857			47,857
Repayment		-			(100,000	)		(100,000	)
Balance as of December 31, 2023	$	-		$	-		$	-

SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS

The following reflects the inputs and assumptions used:

	January 24, 2022			May 23, 2022			December 31, 2022			December 31, 2023
Exercise price	$	6.00		$	6.00		$	6.00		$	6.00
Share price	$	3.64		$	14.94		$	4.66		$	2.71
Expected term from grant date (in years)		5.00			5.00			4.10 for Initial Warrant and 4.50 for Second Warrant			3.10 for Initial Warrant and 3.40 for Second Warrant
Expected volatility		96.32	%		95.90	%		96.03	%		82.40	%
Risk-free interest rate		1.53	%		2.88	%		3.99	%		4.01	%
Dividend yield (per share)		-			-			-			-

SCHEDULE OF WARRANT LIABILITIES

The movement of warrant liabilities is summarized as follows:

Balance as of January 1, 2022	$	-
Issuance of Initial Warrant as of January 24, 2022		915,644
Issuance of Second Warrant as of May 23, 2022		4,833,325
50,000 warrant shares exercised on June 16, 2022		(119,343	)
185,000 warrant shares exercised on August 18, 2022		(915,799	)
90,000 warrant shares exercised on August 29, 2022		(445,524	)
Change in fair value of warrant liabilities for the year		(2,878,660	)
Balance as of December 31, 2022		1,389,643
Change in fair value of warrant liabilities for the year		(907,424	)
Balance as of December 31, 2023	$	482,219