The following table provides a summary of the Company's outstanding warrants:


	September 30, 2024			December 31, 2023
Liability classified warrants:
Junior Note Warrants		$	859,315		$	550,000
Public Warrants			417,770			417,770
Total liability-classified warrants outstanding		$	1,277,085		$	967,770

Equity classified warrants:
June 2023 Senior Note Warrants		$	335,210		$	335,210
Pre-Funded Warrants			837,116			-
August 2024 Warrants Issued with Junior Notes			19,892			-
Total equity-classified warrants outstanding		$	1,192,218		$	335,210

Class of Warrant or Right [Line Items]

Schedule of Aggregate Fair value of Warrants

The aggregate fair value of the Senior Note Warrants of $3,401,366 was estimated using the Black-Scholes option-pricing model with the following assumptions:


	Issuance Date
Common Stock Warrants:
Expected term (in years)			5.0
Expected volatility		47.9%
Risk-free interest rate		4.0%
Expected dividend yield		0.0%

The aggregate fair value of the Junior Note Warrants of $2,668,169 was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the Junior Note Warrant liability were as follows:


		Upon Issuance		As of December 31, 2023
Common Stock Warrants:
Stock price	$	0.18	$	0.15
Expected term (in years)		5.0		4.9
Expected volatility		66.3%		66.3%
Risk-free interest rate		4.1%		3.8%
Expected dividend yield		0.0%		0.0%

Class of Warrant or Right [Line Items]