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WARRANTS (Tables) - Common Stock Warrant [Member]
12 Months Ended
Dec. 31, 2023
Junior Note Warrants  
Class of Warrant or Right [Line Items]  
Schedule of Aggregate Fair value of Warrants The aggregate fair value of the Junior Note Warrants of $2,668,169 was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the Junior Note Warrant liability were as follows:

 

 

Upon Issuance

 

 

As of December 31, 2023

Common Stock Warrants:

 

 

 

 

Stock price

 

$

0.18

 

$

0.15

Expected term (in years)

 

 

5.0

 

 

4.9

Expected volatility

 

 

66.3%

 

 

66.3%

Risk-free interest rate

 

 

4.1%

 

 

3.8%

Expected dividend yield

 

 

0.0%

 

 

0.0%

Public Warrants

Senior Note Warrants  
Class of Warrant or Right [Line Items]  
Schedule of Aggregate Fair value of Warrants The aggregate fair value of the Senior Note Warrants of $3,401,366 was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

 

Upon Issuance

Common Stock Warrants:

 

 

Expected term (in years)

 

 

5.0

Expected volatility

 

 

47.9%

Risk-free interest rate

 

 

4.0%

Expected dividend yield

 

 

0.0%