STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative) - USD ($)
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1 Months Ended |
3 Months Ended |
9 Months Ended |
Jun. 11, 2024 |
Jun. 05, 2024 |
May 31, 2024 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Expected Volatility |
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122.46%
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112.28%
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Compensation expense |
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$ 5,660,774
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Expected Dividends |
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0.00%
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0.00%
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Expected Term |
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5 years 3 months 18 days
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Risk Free Rate |
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4.29%
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3.88%
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Expenses for General and Administration |
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$ 1,943,127
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$ 1,355,865
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$ 8,895,978
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$ 4,309,343
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Expenses for Research and Developement |
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326,361
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220,653
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2,891,452
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$ 1,064,563
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Stock options granted |
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10,878
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Related party accounts payable |
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78,101
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78,101
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78,101
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$ 78,101
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Related party cash |
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300,000
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1,090,781
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300,000
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$ 1,090,781
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Proceed from related party |
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$ 378,101
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$ 1,168,882
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Employee Stock Option Replacement Program [Member] |
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Expected Volatility |
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122.46%
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Restricted stock were granted under the director equity plan |
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10,878
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Outstanding number of option |
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230,064
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Compensation expense |
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$ 240,750
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$ 710,661
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Common stock option shares approved |
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981,174
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Compensation expense award grant |
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512,347
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Expected Dividends |
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0.00%
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Expected Term |
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10 years
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Risk Free Rate |
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4.29%
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Equity Incentive Plan the 2021 Plan [Member] |
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Proceed from stock issuances |
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$ 875,000
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Incentive plan, description |
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the Company to such non-employee director, will not exceed $750,000 in total value or, in the event such non-employee director is first appointed or elected to the Board during such calendar year, $1,000,000 in total value
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2021 Incentive Plan [Member] |
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Shares remain available to be issued |
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261,090
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Stock options, issued |
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292,515
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1,031,425
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1,031,425
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Incentive plan, description |
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the aggregate number of shares of common stock available for issuance under the 2021 Plan was 166,666 shares (following a reverse stock split); this number is automatically increased each January 1st by an amount equal to 5% of the number of common stock shares outstanding at that date, resulting in an increase in available shares under the 2021 Plan at January 1, 2024 of 119,117. On May 31, 2024, the Company’s Board of Directors amended the 2021 Plan such that the total number of shares of common stock available for issuance under the 2021 Plan was increased to 1,000,000 shares
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2021 [Member] | Black Scholes Pricing Model [Member] |
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Average weighted remaining contructual life in years |
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10 years
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Common Stock Options [Member] | Equity Incentive Plan the 2021 Plan [Member] |
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Awarded number of restricted stock |
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1,031,425
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Compensation expense |
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$ 5,999,589
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Common Stock Options [Member] | CEO 2023 Equity Award [Member] |
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Expected Volatility |
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122.46%
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Awarded number of restricted stock |
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50,251
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Awarded number of restricted stock per share |
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$ 7.96
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Due amount for exchange of stock option |
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$ 400,000
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Compensation expense |
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$ 338,815
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Expected Dividends |
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0.00%
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Expected Term |
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5 years
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Risk Free Rate |
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4.29%
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Warrant [Member] |
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Shares issued to related parties |
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4,540
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5,238
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Common stock shares issuance |
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17,134
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17,832
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Pre-funded warrants to purchase |
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78,021
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78,021
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Warrants to purchase |
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499,376
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499,376
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38 Private Investors [Member] |
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Common stock shares sold to related parties |
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185,959
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Common stock shares issuance |
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662,550
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Cash |
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$ 3,099,697
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$ 3,099,697
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Accounts payable |
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$ 78,101
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78,101
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Proceed from related party |
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$ 3,177,798
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Public offereing share |
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171,666
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Proceeds from public offereing |
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$ 2,750,089
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Director Equity Plan [Member] |
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Shares remain available to be issued |
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429,510
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429,510
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9 Private Investors [Member] |
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Common stock shares sold to related parties |
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45,406
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Common stock shares issuance |
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171,364
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Cash |
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$ 1,336,373
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$ 1,336,373
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Accounts payable |
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78,101
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78,101
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Proceed from related party |
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1,414,474
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Public offereing share |
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171,666
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Proceeds from public offereing |
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$ 2,750,089
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Director [Member] |
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Compensation expense |
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554,321
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Executives And Employee [Member] |
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Compensation expense |
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512,347
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Options granted |
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10,878
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CEO [Member] |
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Warrants to purchase |
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65,000
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Stock Compensation Plan [Member] |
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Compensation expense |
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1,066,668
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$ 240,750
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8,728,427
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$ 710,661
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Expenses for General and Administration |
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960,432
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6,561,963
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Expenses for Research and Developement |
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106,236
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2,166,464
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Restricted Stock Awards [Member] |
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Awarded number of restricted stock issue values |
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$ 50,000
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Awarded number of restricted stock |
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37,688
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445,490
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Awarded number of restricted stock per share |
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$ 7.96
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Awarded number of restricted stock issue to non-employee directors |
18,819
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426,671
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Restricted stock expense |
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$ 299,996
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Restricted Stock Awards [Member] | Director Stock Option Replacement Program [Member] |
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Restricted stock were granted under the director equity plan |
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127,364
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Outstanding number of option |
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62,451
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Recognized expense stock option replacement program |
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697,501
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Awarded number of restricted stock issue values |
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$ 300,000
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Compensation expense |
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$ 112,165
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Restricted Stock Awards [Member] | Stock Award in Lieu of Unpaid Directors Fees [Member] |
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Restricted stock were granted under the director equity plan |
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261,619
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Recognized expense stock option replacement program |
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$ 458,344
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$ 1,619,184
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Awarded number of restricted stock per share |
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$ 7.96
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Non-employee board members fee |
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$ 172,670
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Description related to unpaid director fees |
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unpaid amounts were grossed up for taxes at an assumed tax rate of 45% and the number of shares was determined based on the Company’s closing stock price on December 29, 2023 of $1.20 per share
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