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STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
SCHEDULE OF STOCK OPTIONS ACTIVITY

A summary of our stock option activity for the three months ended March 31, 2024 and 2023, is as follows:

 

   Number of Shares   Weighted Average Exercise Price   Weighted average Remaining Contractual Term 
Outstanding at December 31, 2022   3,216,408   $6.48    8.06 
Granted   68,080    10.42    10.00 
Exercised   -    -    - 
Forfeitures   -    -    - 
Outstanding at March 31, 2023   3,284,488   $6.56    7.85 
                
Outstanding at December 31, 2023   3,659,015   $6.19    7.40 
Granted   -    -    - 
Exercised   -    -    - 
Forfeitures   -    -    - 
Outstanding at March 31, 2024   3,659,015   $6.19    7.15 
                
Exercisable at March 31, 2024   3,120,585   $6.29    6.87 
SCHEDULE OF OUTSTANDING WARRANTS

Number of outstanding warrants exercisable to acquire our common stock as of March 31, 2024 is as follows:

 

Warrant 

Expiration

Date

 

Exercise

Price

  

Number

Outstanding

 
JTAIW Warrants  8/11/2028  $11.50    15,608,554 
JTAIZ Warrants  8/11/2033  $15.00    7,433,405 
GEM Warrants  8/11/2026  $5.81    2,179,447 
Total           25,221,406