Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative)

v3.24.3
STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative) - USD ($)
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           122.46% 112.28%
Compensation expense           $ 5,660,774  
Expected Dividends           0.00% 0.00%
Expected Term             5 years 3 months 18 days
Risk Free Rate           4.29% 3.88%
Expenses for General and Administration       $ 1,943,127 $ 1,355,865 $ 8,895,978 $ 4,309,343
Expenses for Research and Developement       326,361 220,653 2,891,452 $ 1,064,563
Stock options granted             10,878
Related party accounts payable       78,101 78,101 78,101 $ 78,101
Related party cash       300,000 1,090,781 300,000 $ 1,090,781
Proceed from related party       $ 378,101   $ 1,168,882  
Employee Stock Option Replacement Program [Member]              
Expected Volatility           122.46%  
Restricted stock were granted under the director equity plan           10,878  
Outstanding number of option   230,064          
Compensation expense         $ 240,750 $ 710,661  
Common stock option shares approved   981,174          
Compensation expense award grant       512,347      
Expected Dividends           0.00%  
Expected Term           10 years  
Risk Free Rate           4.29%  
Equity Incentive Plan the 2021 Plan [Member]              
Proceed from stock issuances     $ 875,000        
Incentive plan, description     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        
2021 Incentive Plan [Member]              
Shares remain available to be issued   261,090          
Stock options, issued   292,515   1,031,425   1,031,425  
Incentive plan, description           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  
2021 [Member] | Black Scholes Pricing Model [Member]              
Average weighted remaining contructual life in years           10 years  
Common Stock Options [Member] | Equity Incentive Plan the 2021 Plan [Member]              
Awarded number of restricted stock           1,031,425  
Compensation expense           $ 5,999,589  
Common Stock Options [Member] | CEO 2023 Equity Award [Member]              
Expected Volatility           122.46%  
Awarded number of restricted stock   50,251          
Awarded number of restricted stock per share   $ 7.96          
Due amount for exchange of stock option   $ 400,000          
Compensation expense           $ 338,815  
Expected Dividends           0.00%  
Expected Term           5 years  
Risk Free Rate           4.29%  
Warrant [Member]              
Shares issued to related parties       4,540   5,238  
Common stock shares issuance       17,134   17,832  
Pre-funded warrants to purchase         78,021   78,021
Warrants to purchase         499,376   499,376
38 Private Investors [Member]              
Common stock shares sold to related parties           185,959  
Common stock shares issuance           662,550  
Cash       $ 3,099,697   $ 3,099,697  
Accounts payable       $ 78,101   78,101  
Proceed from related party           $ 3,177,798  
Public offereing share             171,666
Proceeds from public offereing             $ 2,750,089
Director Equity Plan [Member]              
Shares remain available to be issued       429,510   429,510  
9 Private Investors [Member]              
Common stock shares sold to related parties       45,406      
Common stock shares issuance       171,364      
Cash       $ 1,336,373   $ 1,336,373  
Accounts payable       78,101   78,101  
Proceed from related party       1,414,474      
Public offereing share         171,666    
Proceeds from public offereing         $ 2,750,089    
Director [Member]              
Compensation expense       554,321      
Executives And Employee [Member]              
Compensation expense       512,347      
Options granted             10,878
CEO [Member]              
Warrants to purchase             65,000
Stock Compensation Plan [Member]              
Compensation expense       1,066,668 $ 240,750 8,728,427 $ 710,661
Expenses for General and Administration       960,432   6,561,963  
Expenses for Research and Developement       106,236   2,166,464  
Restricted Stock Awards [Member]              
Awarded number of restricted stock issue values           $ 50,000  
Awarded number of restricted stock     37,688     445,490  
Awarded number of restricted stock per share     $ 7.96        
Awarded number of restricted stock issue to non-employee directors 18,819         426,671  
Restricted stock expense     $ 299,996        
Restricted Stock Awards [Member] | Director Stock Option Replacement Program [Member]              
Restricted stock were granted under the director equity plan   127,364          
Outstanding number of option   62,451          
Recognized expense stock option replacement program       697,501      
Awarded number of restricted stock issue values     $ 300,000        
Compensation expense           $ 112,165  
Restricted Stock Awards [Member] | Stock Award in Lieu of Unpaid Directors Fees [Member]              
Restricted stock were granted under the director equity plan     261,619        
Recognized expense stock option replacement program       $ 458,344   $ 1,619,184  
Awarded number of restricted stock per share           $ 7.96  
Non-employee board members fee     $ 172,670        
Description related to unpaid director fees           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