CAPITAL STRUCTURE (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of stock option activity

	Shares Underlying Options		Weighted Average Exercise Price		Weighted Average Contractual Life (Years)		Intrinsic Value
Outstanding at December 31, 2022		–		–
Granted		1,757,500	$	2.01		8.78	$	–
Forfeited		–		–
Exercised		–		–
Outstanding at December 31, 2023		1,757,500	$	2.01		7.97	$	–

Schedule of options assumptions

	For the year ended December 31, 2023
Expected term, in years		5.53
Expected volatility		79.87%
Risk-free interest rate		3.85%
Dividend yield		–

Schedule of warrants outstanding

				Outstanding at
Reference	Date Issued	Exercise price	Expiration	December 31, 2023		December 31, 2022
Coral Investment Partners	11/23/2020	$5.94	11/23/2023		–		168,434
Coral Investment Partners	11/23/2020	$14.84	11/23/2023		–		168,435
Warrant Holder 1	5/28/2021	$2.97	5/13/2026		167,593		167,592
Warrant Holder 1	5/28/2021	$5.94	5/13/2026		168,434		168,434
Warrant Holder 1	5/28/2021	$14.84	5/13/2026		168,434		168,434
Warrant Holder 2	7/30/2021	$2.97	7/30/2026		8,422		8,422
Warrant Holder 2	7/30/2021	$14.84	6/1/2026		25,265		25,265
Kitov/Purple Biotech	9/23/2021	$14.84	9/21/2024		101,061		101,061
Warrant Holder 5	12/20/2021	$2.97	12/20/2026		58,952		58,952
Warrant Holder 5	1/28/2022	$4.45	1/31/2024		67,374		67,374
Warrant Holder 6	1/28/2022	$4.45	1/31/2024		84,217		84,217
Warrant Holder 7	1/28/2022	$4.45	1/31/2024		134,747		134,747
Warrant Holder 11	1/28/2022	$2.97	1/31/2024		50,530		50,530
Warrant Holder 11	1/28/2022	$5.94	1/31/2024		50,530		50,530
Warrant Holder 11	4/14/2022	$4.45	1/31/2024		57,268		57,268
Warrant Holder 18	3/30/2022	$8.91	3/30/2024		84,217		84,217
Warrant Holder 20	1/3/2023	$2.50	1/2/2027		100,000		–
Warrant Holder 21	1/20/2023	$1.90	1/19/2027		250,000		–
Pre-Funded Warrants 1	6/16/2023	$0.0001	–  *		–		–
Series Warrants A & B	6/16/2023	$1.36	12/16/2028		6,125,000		–
Series Warrants A	10/23/2023	$1.36	4/26/2025		2,000,000		–
Series Warrants B	10/23/2023	$1.36	4/26/2029		2,000,000		–
Warrant Holder 22	6/16/2023	$1.25	12/16/2028		126,000		–
Warrant Holder 22	10/23/2023	$1.40	4/26/2029		66,000		–
Warrant Holder 23	6/16/2023	$1.25	12/16/2028		84,000		–
Warrant Holder 23	10/23/2023	$1.40	4/26/2029		48,000		–
Warrant Holder 24	10/23/2023	$1.40	4/26/2029		6,000		–
Pre-Funded Warrants 2	12/28/2023	$0.0000	–  *		1,200,000		–
	Total Warrants outstanding				13,232,043		1,563,911
	*Pre-funded warrants, do not expire.

Options/Stock Awards – On January 27, 2023, the Company granted options to purchase an aggregate of 1,357,500 shares of our common stock under the 2022 Equity Incentive Plan, to various officers, directors, employees and consultants, at an average exercise price of $1.63 per share. The Company had also granted a stand-alone option to a former employee to purchase up to 100,000 shares of our common stock at an exercise price of $10 per share, however, the stand-alone option expired by its terms on January 31, 2024. On October 2, 2023, the Company granted additional options to purchase an aggregate of 300,000 shares of our common stock to two employees at an average price of $1.07.