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Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders’ Equity [Abstract]  
Schedule of Warrants The following is a summary of warrants for the three months ended March 31, 2024:
   Warrants   Weighted Average
Exercise Price
 
Outstanding as of December 31, 2023   1,090,272   $2.67 
Granted   2,145,000    0.01 
Exercised   (125,000)   0.00 
Forfeited   
-
    
-
 
Outstanding as of March 31, 2024   3,110,272   $0.94 
           
Exercisable as of March 31, 2024   965,272   $3.02 
Schedule of Black-Scholes Pricing Model Using the Range of Inputs The fair value of the Magna Warrant was $8,566,184, which was valued using the Black-Scholes pricing model using the range of inputs as indicated below:
Risk-free interest rate   4.09%
Expected term (in years)   10.0 
Expected volatility   75.0%
Expected dividend yield   0%