Annual report pursuant to Section 13 and 15(d)

TEMPORARY EQUITY, PREFERRED STOCK, COMMON STOCK, AND WARRANTS (Tables)

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TEMPORARY EQUITY, PREFERRED STOCK, COMMON STOCK, AND WARRANTS (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
SCHEDULE OF ISSUED SHARES OF COMMON STOCK

During the years ended December 31, 2023 and 2022, the Company issued shares of common stock as follows (adjusted as necessary to reflect a 40:1 reverse stock split in March 2022):

 

    2023     2022  
    For the Years Ended December 31,  
    2023     2022  
Adjustment for 40:1 Reverse Stock Split     -       266  
Conversion of debentures and accrued interest     -       5,469  
Conversion of accrued salary to management     -       168,611  
Exercise of common stock warrants to common stock     365,001       -  
Stock based compensation to employees and directors     271,141       -  
Cashless exercise of service warrants into common stock     8,571       -  
Conversion of Series A preferred stock to common stock     80,000       -  
Conversion of convertible debt and interest to common stock     164,446       22,155  
Issuance of common stock for cash     296,304       311,666  
Stock based compensation for consulting services     144,900       118,750  
Total common shares issued     1,330,363       626,917  
SCHEDULE OF ALL OUTSTANDING COMMON STOCK WARRANTS

A summary of warrant activity and related information for the year ending December 31, 2023 is as follows:

 

    Warrants    

Weighted

Average

Exercise

Price

    

Aggregate

Intrinsic

Value

  
Outstanding as of December 31, 2022     323,543     $ 6.15     $       -  
Issued     119,832       4.25       -  
Exercised     (390,071 )     3.35       -  
Terminated in connection with cashless exercise     (41,429 )   $ 5.25       -  
Expired     (11,875 )     10.00       -  
Outstanding as of December 31, 2023     -     $ -     $ -