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COMMON AND PREFERRED STOCK (Tables)
9 Months Ended
Sep. 30, 2024
COMMON AND PREFERRED STOCK  
Summary of Stock Option Activity

Options Outstanding

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding - January 1, 2024

 

 

776,328

 

 

$3.75

 

 

 

8.0

 

 

$-

 

Granted

 

 

5,247,474

 

 

 

2.60

 

 

 

9.5

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(2,846 )

 

 

-

 

 

 

7.0

 

 

 

-

 

Balance Outstanding – September 30, 2024

 

 

6,020,956

 

 

$2.75

 

 

 

9.2

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable – September 30, 2024

 

 

4,715,741

 

 

$3.16

 

 

 

9.2

 

 

$-

 

 

Nonvested Options

 

Number of

Options

 

 

Weighted

Average

Grant

Date

Fair Value

 

 

Weighted

Average

Remaining

Years to

Vest

 

 

 

 

 

 

 

 

 

 

 

Nonvested - January 1, 2024

 

 

395,072

 

 

$3.76

 

 

 

8.0

 

Granted

 

 

5,247,474

 

 

 

2.60

 

 

 

9.5

 

Vested

 

 

(4,351,471)

 

 

3.16

 

 

 

9.2

 

Forfeited

 

 

(2,846)

 

 

-

 

 

 

-

 

Nonvested – September 30, 2024

 

 

1,288,229

 

 

$1.66

 

 

 

9.2

 

Schedule of warrants outstanding

Common Stock Warrants Outstanding

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding – December 31, 2023

 

 

45,129

 

 

$2.09

 

 

 

4.81

 

 

$-

 

Granted

 

 

2,930,838

 

 

 

0.56

 

 

 

4.82

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Cancelled

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding – September 30, 2024

 

 

2,975,967

 

 

$0.58

 

 

 

4.81

 

 

$-

 

$2.00 Preferred Stock Warrants Outstanding

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding – December 31, 2023

 

 

425,800

 

 

$2.00

 

 

 

9.7

 

 

$-

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding – September 30, 2024

 

 

425,800

 

 

$2.00

 

 

 

8.9

 

 

$-

 

$11.50 Preferred Stock Warrants Outstanding

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding – December 31, 2023

 

 

10,122,313

 

 

$11.50

 

 

 

9.7

 

 

$-

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding – September 30, 2024

 

 

10,122,313

 

 

$11.50

 

 

 

8.9

 

 

$-

 

$15.00 Preferred Stock Warrants Outstanding

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding – December 31, 2023

 

 

1,000,000

 

 

$15.00

 

 

 

9.7

 

 

$-

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding – September 30, 2024

 

 

1,000,000

 

 

$15.00

 

 

 

8.9

 

 

$-