STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)
|
|
|
1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
|
|
Mar. 28, 2024 |
Aug. 31, 2021 |
Jun. 30, 2021 |
Feb. 29, 2020 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Aug. 10, 2023 |
Dec. 31, 2021 |
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares authorized |
|
|
|
|
59,000,000
|
|
|
59,000,000
|
|
|
|
|
|
| Common stock, shares authorized |
|
|
|
|
55,000,000
|
|
|
55,000,000
|
|
55,000,000
|
55,000,000
|
59,000,000
|
|
| Common stock par value |
|
|
|
|
$ 0.0001
|
|
|
$ 0.0001
|
|
$ 0.0001
|
$ 0.0001
|
$ 0.0001
|
|
| Preferred stock, shares authorized |
|
|
|
|
4,000,000
|
|
|
4,000,000
|
|
4,000,000
|
0
|
|
|
| Preferred stock par value |
|
|
|
|
$ 0.0001
|
|
|
$ 0.0001
|
|
$ 0.0001
|
$ 0.0001
|
|
|
| Preferred stock, shares issued |
|
|
|
|
0
|
|
|
0
|
|
0
|
0
|
|
|
| Preferred stock, shares outstanding |
|
|
|
|
0
|
|
|
0
|
|
0
|
0
|
|
|
| Reserved for common stock future issuance |
|
|
|
|
3,284,488
|
|
|
3,284,488
|
|
|
|
|
|
| Number of warrants outstanding |
|
|
|
|
25,221,406
|
|
|
25,221,406
|
|
25,975,001
|
|
|
|
| Exercise price |
|
|
|
|
|
|
|
|
|
$ 11.50
|
|
|
|
| Warrant exercise price |
|
|
|
|
|
|
|
|
|
$ 2.58
|
$ 17.47
|
|
|
| Proceeds from of common stock gross |
|
|
|
|
|
|
|
$ 1,727,279
|
$ 1,588,695
|
$ 2,829,395
|
$ 3,000,760
|
|
|
| Offering costs |
|
|
|
|
$ 800,000
|
|
|
$ 800,000
|
|
800,000
|
|
|
|
| Number of shares issued |
|
|
|
|
$ 617,279
|
$ 1,110,000
|
$ 1,512,260
|
|
|
$ 1,512,260
|
$ 2,904,160
|
|
|
| Number of options granted |
|
|
|
|
|
|
|
|
68,080
|
458,080
|
284,016
|
|
|
| Options exercisable |
|
|
|
|
$ 6.91
|
|
|
$ 6.91
|
|
$ 7.64
|
|
|
|
| Stock based compensation |
|
|
|
|
|
|
|
$ 2,401,046
|
$ 2,755,087
|
$ 6,645,891
|
$ 6,942,653
|
|
|
| Unrecognized stock-based compensation |
|
|
|
|
$ 2,289,000
|
|
|
$ 2,289,000
|
|
$ 4,690,000
|
|
|
|
| Weighted average exercise price |
|
|
|
|
$ 6.14
|
|
|
$ 6.14
|
$ 6.59
|
$ 6.14
|
$ 6.48
|
|
$ 6.09
|
| Total options outstanding |
|
|
|
|
3,659,015
|
|
|
3,659,015
|
3,269,015
|
3,659,015
|
3,216,408
|
|
2,932,392
|
| Options were available for grant |
|
|
|
|
|
|
|
|
$ 10.42
|
$ 3.91
|
$ 10.42
|
|
|
| Revision of Prior Period, Adjustment [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, shares issued |
|
|
|
|
|
|
|
|
|
1,702
|
|
|
|
| Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
1,702
|
|
|
|
| Share-Based Payment Arrangement, Option [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of options granted |
|
|
|
|
|
|
|
|
68,080
|
458,080
|
284,016
|
|
|
| Options term |
|
|
|
|
|
|
|
|
10 years
|
10 years
|
10 years
|
|
|
| Options exercisable |
|
|
|
|
|
|
|
|
$ 10.42
|
|
$ 10.42
|
|
|
| Number of options vested |
|
|
|
|
|
|
|
|
6,189
|
35,000
|
42,643
|
|
|
| Grant date fair value |
|
|
|
|
|
|
|
|
$ 1,271,040
|
$ 2,113,000
|
$ 4,774,000
|
|
|
| Weighted average exercise price |
|
|
|
|
|
|
|
|
|
$ 6.19
|
|
|
|
| Options vesting period |
|
|
|
|
|
|
|
|
|
3 years
|
|
|
|
| Total options outstanding |
|
|
|
|
|
|
|
|
|
3,659,015
|
|
|
|
| Options were available for grant |
|
|
|
|
|
|
|
|
|
$ 19,802
|
|
|
|
| Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of options vested |
|
|
|
|
|
|
|
|
|
6,189
|
|
|
|
| Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock based compensation |
|
|
|
|
|
|
|
|
|
$ 1,280,970
|
|
|
|
| Maximum [Member] | Share-Based Payment Arrangement, Option [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average exercise price |
|
|
|
|
|
|
|
|
|
$ 10.42
|
|
|
|
| Minimum [Member] | Share-Based Payment Arrangement, Option [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average exercise price |
|
|
|
|
|
|
|
|
|
$ 2.50
|
|
|
|
| Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued, shares |
250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from of common stock gross |
$ 1,345,025
|
|
|
|
|
|
|
|
|
|
|
|
|
| Offering costs |
$ 155,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash fees |
|
|
|
|
$ 1,050,000
|
|
|
$ 1,050,000
|
|
|
|
|
|
| Placement Agency Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equal fee percentage |
|
|
|
|
|
|
|
7.00%
|
|
|
|
|
|
| Legal fees |
|
|
|
|
|
|
|
$ 15,000
|
|
|
|
|
|
| Maxim total |
|
|
|
|
|
|
|
$ 120,000
|
|
|
|
|
|
| Omnibus Incentive Plan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reserved for common stock future issuance |
|
|
|
|
19,802
|
|
|
19,802
|
|
19,802
|
|
|
|
| 2018 Plan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reserved for common stock future issuance |
|
|
|
|
2,320,897
|
|
|
2,320,897
|
2,320,897
|
2,320,897
|
2,320,897
|
|
|
| 2021 Plan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of share based compensation |
|
154,726
|
|
|
|
|
|
|
|
|
464,179
|
|
|
| Business Combination [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued upon the consummation of business combination |
|
|
|
|
|
|
|
4,523,167
|
|
|
|
|
|
| Reserved for common stock future issuance |
|
|
|
|
148,950
|
|
|
148,950
|
|
|
|
|
|
| Series B Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, shares authorized |
|
|
|
|
5,000
|
|
|
5,000
|
|
5,000
|
|
|
|
| Preferred stock par value |
|
|
|
|
$ 0.0001
|
|
|
$ 0.0001
|
|
$ 0.0001
|
|
|
|
| Preferred stock, shares issued |
|
|
|
|
150
|
|
|
150
|
|
0
|
|
|
|
| Preferred stock, shares outstanding |
|
|
|
|
150
|
|
|
150
|
|
0
|
|
|
|
| Beneficial ownership limitation description |
|
|
|
|
|
|
|
Each
share of Series B Preferred Stock is convertible into a number of shares of Jet.AI Common Stock, subject to certain limitations, including
a beneficial ownership limitation of 4.99% (calculated in accordance with the rules promulgated under Section 13(d) of the Securities
Exchange Act of 1934), which can be adjusted to a beneficial ownership limitation of 9.99% upon 61 days prior written notice by Iconic.
Prior to the approval by the Company’s stockholders of the issuance of shares of common stock issuable upon exercise of the shares
of Series B Preferred Stock in accordance with Nasdaq Stock Market Rules, shares of Series B Preferred Stock cannot be converted into
shares of common stock if, as a result of such conversion, the number of shares of common stock to be issued would exceed 19.9% of the
total number of shares of the Company’s outstanding common stock.
|
|
|
|
|
|
| Conversion amount |
|
|
|
|
|
|
|
$ 10,000
|
|
|
|
|
|
| Preferred stock redeemed price |
|
|
|
|
|
|
|
110.00%
|
|
|
|
|
|
| Series A And Series A One Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, shares issued |
|
|
|
|
1,702
|
|
|
1,702
|
|
|
|
|
|
| Preferred stock, shares outstanding |
|
|
|
|
1,702
|
|
|
1,702
|
|
|
|
|
|
| Series B Convertible Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, shares issued |
|
|
|
|
150
|
|
|
150
|
|
|
|
|
|
| Preferred stock, shares outstanding |
|
|
|
|
150
|
|
|
150
|
|
|
|
|
|
| Series B Convertible Preferred Stock [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued, shares |
150
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant purchase shares |
1,500
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exercise price |
$ 10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nonvoting Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross proceeds |
|
|
|
|
|
|
|
|
|
$ 18,598
|
|
|
|
| Nonvoting Common Stock [Member] | Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares granted |
|
148,950
|
|
|
|
|
|
|
|
|
|
|
|
| Nonvoting Common Stock [Member] | Jet Token Inc [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share price per share |
|
|
$ 24
|
$ 9.69
|
|
|
|
|
|
|
|
|
|
| Number of shares issued, shares |
|
|
902,777
|
1,031,510
|
|
|
|
65,960
|
|
|
119,407
|
|
|
| Proceeds from of common stock gross |
|
|
|
|
|
|
|
|
|
$ 1,598,630
|
$ 2,901,106
|
|
|
| Number of shares issued |
|
|
|
|
|
|
|
$ 1,588,695
|
|
|
|
|
|
| Sale of stock, consideration received on transaction |
|
|
|
|
|
|
|
|
|
1,915
|
|
|
|
| Shares issued escrow funds |
|
|
|
|
|
|
|
|
|
65,960
|
|
|
|
| Escrow deposit |
|
|
|
|
|
|
|
|
|
$ 6,724
|
|
|
|
| Nonvoting Common Stock [Member] | Jet Token Inc [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued |
|
|
$ 21,880,000
|
$ 10,000,000
|
|
|
|
|
|
|
|
|
|
| Nonvoting Common Stock [Member] | Escrow [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from of common stock gross |
|
|
|
|
|
|
|
|
|
|
$ 15,544
|
|
|
| Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock, shares authorized |
|
|
|
|
55,000,000
|
|
|
55,000,000
|
|
|
|
55,000,000
|
|
| Common stock par value |
|
|
|
|
$ 0.0001
|
|
|
$ 0.0001
|
|
|
|
$ 0.0001
|
|
| Reserved for common stock future issuance |
|
|
|
|
|
|
|
|
|
3,284,488
|
|
|
|
| Number of shares issued, shares |
|
|
|
|
2,200,000
|
1,000,000
|
65,960
|
|
|
65,960
|
121,323
|
|
|
| Number of shares issued |
|
|
|
|
$ 220
|
$ 100
|
$ 7
|
|
|
$ 7
|
$ 12
|
|
|
| Common Stock [Member] | Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reserved for common stock future issuance |
|
|
|
|
|
|
|
|
|
148,950
|
|
|
|
| Common Stock [Member] | 2021 Plan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of share based compensation |
|
|
|
|
|
|
|
|
|
|
464,179
|
|
|
| Common Stock [Member] | Business Combination [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued upon the consummation of business combination |
|
|
|
|
|
|
|
|
|
4,523,167
|
|
|
|
| Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, shares authorized |
|
|
|
|
4,000,000
|
|
|
4,000,000
|
|
|
|
4,000,000
|
|
| Preferred stock par value |
|
|
|
|
$ 0.0001
|
|
|
$ 0.0001
|
|
|
|
$ 0.0001
|
|
| Preferred Stock [Member] | Series B Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of warrants outstanding |
|
|
|
|
5,760,000
|
|
|
5,760,000
|
|
5,760,000
|
|
|
|
| Exercise price |
|
|
|
|
$ 11.50
|
|
|
$ 11.50
|
|
|
|
|
|
| Warrant [Member] | Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reserved for common stock future issuance |
|
|
|
|
|
|
|
|
|
237,030
|
|
|
|
| Share price per share |
|
|
|
|
|
|
|
|
|
$ 15.00
|
|
|
|
| Warrant [Member] | Business Combination [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued upon the consummation of business combination |
|
|
|
|
|
|
|
7,196,375
|
|
7,196,375
|
|
|
|
| Reserved for common stock future issuance |
|
|
|
|
237,030
|
|
|
237,030
|
|
|
|
|
|
| Share price per share |
|
|
|
|
$ 15.00
|
|
|
$ 15.00
|
|
|
|
|
|