Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended: March 31, 2025

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ___ to ___

Commission File Number 001-38286

ENVERIC BIOSCIENCES, INC.

(Exact name of registrant as specified in its charter)

Delaware

95-4484725

(State or other jurisdiction of

incorporation or organization)

(IRS Employer

Identification No.)

4851 Tamiami Trail N, Suite 200

Naples, FL

34103

(Address of principal executive offices)

(Zip code)

(239) 302-1707

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value per share		ENVB		The Nasdaq Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

	Large accelerated filer ☐	Accelerated filer ☐
	Non-accelerated filer ☒	Smaller reporting company ☒
		Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

If the securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of May 14, 2025, the Registrant had 2,471,656 shares of Common Stock (par value $0.01 per share) outstanding.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

FORM 10-Q

TABLE OF CONTENTS

		Page
	PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024	2
	Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2025 and 2024	3
	Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2025 and 2024	4
	Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2024	6
	Notes to Unaudited Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	19
Item 4.	Controls and Procedures	19

	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	20
Item 1A.	Risk Factors	20
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	20
Item 3.	Defaults Upon Senior Securities	20
Item 4.	Mine Safety Disclosures	20
Item 5.	Other Information	20
Item 6.	Exhibits	20

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31, 2025			December 31, 2024
	(Unaudited)
ASSETS
Current assets:
Cash	$	4,294,435		$	2,241,026
Prepaid expenses and other current assets		540,405			493,558
Total current assets		4,834,840			2,734,584

Other assets:
Property and equipment, net		267,279			305,777
Intangible assets, net		—			42,182
Total other assets		267,279			347,959
Total assets	$	5,102,119		$	3,082,543

LIABILITIES, MEZZANINE EQUITY, AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	669,194		$	521,747
Due to related parties		101,375			232,891
Accrued expenses and other current liabilities		413,837			735,098
Total current liabilities		1,184,406			1,489,736

Commitments and contingencies (Note 9)		-			-

Mezzanine equity
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		—			—
Total mezzanine equity		—			—

Shareholders’ equity
Preferred stock, $0.01 par value, 20,000,000 shares authorized; Series B preferred stock, $0.01 par value, 3,600,000 shares authorized, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		—			—
Common stock, $0.01 par value, 100,000,000 shares authorized, 2,471,656 and 678,002 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		24,716			6,780
Additional paid-in capital		112,750,472			108,255,049
Accumulated deficit		(108,259,471	)		(106,074,505	)
Accumulated other comprehensive loss		(598,004	)		(594,517	)
Total shareholders’ equity		3,917,713			1,592,807
Total liabilities, mezzanine equity, and shareholders’ equity	$	5,102,119		$	3,082,543

See the accompanying notes to the unaudited condensed consolidated financial statements.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

	2025			2024
	For the Three Months Ended March 31,
	2025			2024
Operating expenses
General and administrative	$	1,360,138		$	1,885,753
Research and development		746,371			506,155
Depreciation and amortization		81,024			85,409
Total operating expenses		2,187,533			2,477,317

Loss from operations		(2,187,533	)		(2,477,317	)

Other income
Other income		2,565			21,437
Interest income, net		2			696
Total other income		2,567			22,133

Net loss before income taxes		(2,184,966	)		(2,455,184	)

Income tax expense		—			(1,731	)

Net loss		(2,184,966	)		(2,456,915	)

Other comprehensive loss
Foreign currency translation		(3,487	)		17,906

Comprehensive loss	$	(2,188,453	)	$	(2,439,009	)

Net loss per share - basic and diluted	$	(1.22	)	$	(9.21	)

Weighted average shares outstanding, basic and diluted		1,797,774			266,764

See the accompanying notes to the unaudited condensed consolidated financial statements.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

	Shares		Amount		Capital				Deficit			Loss			Equity
	FOR THE THREE MONTHS ENDED MARCH 31, 2025
	Common Stock				Additional Paid-In				Accumulated			Accumulated Other Comprehensive			Total Shareholders’
	Shares		Amount		Capital				Deficit			Loss			Equity
Balance at January 1, 2025		678,002	$	6,780	$	108,255,049		-	$	(106,074,505	)	$	(594,517	)	$	1,592,807
Issuance of common stock and Series A and B and prefunded warrants for cash, net of offering costs of $755,487		1,229,330		12,293		4,232,174				—			—			4,244,467
Issuance of common shares for vested RSAs		14,586		146		(146	)			—			—			—
Issuance of common shares for exercise of warrants		462,336		4,623		70,421				—			—			75,044
Issuance of round up shares		87,402		874		(874	)	-		—			—			—
Stock based compensation		—		—		193,848				—			—			193,848
Foreign exchange translation loss		—		—		—				—			(3,487	)		(3,487	)
Net loss		—		—		—				(2,184,966	)		—			(2,184,966	)
Balance at March 31, 2025		2,471,656	$	24,716	$	112,750,472		-	$	(108,259,471	)	$	(598,004	)	$	3,917,713

See the accompanying notes to the unaudited condensed consolidated financial statements.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

	Shares		Amount		Capital			Receivable			Deficit			Loss			Equity
	FOR THE THREE MONTHS ENDED MARCH 31, 2024
	Common Stock				Additional Paid-In			Subscription			Accumulated			Accumulated Other Comprehensive			Total Shareholders’
	Shares		Amount		Capital			Receivable			Deficit			Loss			Equity
Balance at January 1, 2024		182,625		1,827		100,841,416		$	(1,817,640	)		(96,499,518	)		(569,749	)	$	1,956,336
Balance		182,625		1,827		100,841,416		$	(1,817,640	)		(96,499,518	)		(569,749	)	$	1,956,336
Common stock sold under the Equity Distribution Agreement, net of offering costs of $583,713		111,200		1,112		1,807,677			—			—			—			1,808,789
Issuance of direct offering shares		15,246		152		322,301			—			—			—			322,453
Exercise of Inducement Warrants for common stock		130,267		1,303		2,675,677			—			—			—			2,676,980
Proceeds from the subscription receivable related to the issuance of Inducement Warrants, net of offering costs of $12,821		—		—		(12,821	)		280,500			—			—			267,679
Proceeds from the subscription receivable related to the exercise of warrants and preferred investment options and issuance of common stock in abeyance		46,934		469		(469	)		1,537,140			—			—			1,537,140
Stock based compensation		—		—		351,488			—			—			—			351,488
Foreign exchange translation gain		—		—		—			—			—			17,906			17,906
Net loss		—		—		—			—			(2,456,915	)		—			(2,456,915	)
Balance at March 31, 2024		486,272	$	4,863	$	105,985,269		$	—		$	(98,956,433	)	$	(551,843	)	$	6,481,856
Balance		486,272	$	4,863	$	105,985,269		$	—		$	(98,956,433	)	$	(551,843	)	$	6,481,856

See the accompanying notes to the unaudited condensed consolidated financial statements.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	2025			2024
	For the Three Months Ended March 31,
	2025			2024
Cash Flows From Operating Activities:
Net loss	$	(2,184,966	)	$	(2,456,915	)
Adjustments to reconcile net loss to cash used in operating activities
Change in fair value of warrant liability		(858	)		(10,039	)
Change in fair value of investment option liability		(1,707	)		(11,398	)
Stock-based compensation		193,848			351,488
Amortization of intangibles		42,182			42,188
Depreciation expense		38,842			43,221
Change in operating assets and liabilities:
Prepaid expenses and other current assets		(46,126	)		(759,289	)
Accounts payable, accrued expenses and other current liabilities		(301,281	)		202,397
Due to related parties		(131,516	)		—
Net cash used in operating activities		(2,391,582	)		(2,598,347	)

Cash Flows From Financing Activities:
Proceeds from sale of common stock and warrants, net of offering costs		4,373,870			—
Proceeds from the exercise of warrants		75,044			2,676,980
Proceeds from the subscription receivable related to the issuance of Inducement Warrants and the exercise of warrants and preferred investment options		—			1,817,640
Proceeds from common stock sold under the Equity Distribution Agreement, net of offering costs		—			2,307,707
Payment for offering costs previously accrued		—			(144,058	)
Net cash provided by financing activities		4,448,914			6,658,269

Effect of foreign exchange rate on changes on cash		(3,923	)		8,137

Net increase in cash		2,053,409			4,068,059
Cash at beginning of period		2,241,026			2,287,977
Cash at end of period	$	4,294,435		$	6,356,036

Supplemental disclosure of cash flow transactions:
Cash paid for interest	$	—		$	—
Income taxes paid	$	—		$	24,001

Non-cash financing and investing activities:
Non-cash issuance of round-up shares	$	874		$	—
Non-cash issuance of RSA vested shares	$	146		$	—
Offering costs accrued not paid	$	129,403		$	49,249
Issuance of common shares for offering costs	$	—		$	322,453

See the accompanying notes to the unaudited condensed consolidated financial statements.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. BUSINESS AND LIQUIDITY AND OTHER UNCERTAINTIES

Nature of Operations

Enveric Biosciences, Inc. (“Enveric” or the “Company”) is a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, addiction, and other psychiatric disorders. The head office of the Company is located in Naples, Florida. The Company has the following wholly-owned subsidiaries: Jay Pharma Inc. (“Jay Pharma”), 1306432 B.C. Ltd., 1236567 B.C. Unlimited Liability Company, MagicMed Industries, Inc. (“MagicMed”), Enveric Biosciences Canada Inc., Akos Biosciences, Inc. (“Akos”), and Enveric Therapeutics, Pty. Ltd. (“Enveric Therapeutics”).

Enveric’s lead program, the EVM301 Series, and its lead drug candidate, EB-003, are intended to offer a first-in-class, new approach to the treatment of difficult-to-address mental health disorders, mediated by the promotion of neuroplasticity and without also inducing hallucinations in the patient. Previously, Enveric was developing the EVM201 Series, and its lead drug candidate EB-002 (formerly EB-373), for the treatment of neuropsychiatric disorders. The EVM201 series comprised next generation synthetic prodrugs of the active metabolite, psilocin. In the fourth quarter of 2024, Enveric out-licensed the EVM201 Series program to MycoMedica Life Sciences, who will seek to develop, manufacture, and commercialize EB-002, in exchange for certain development and milestone payments to Enveric. The Company’s primary focus is to develop our lead asset EB-003 in the EVM301 Series.

Reverse Stock Split

The Company effected a 1-for-15 reverse stock split (“Reverse Stock Split”) on January 27, 2025, which began trading on a split-adjusted basis on January 29, 2025, pursuant to which every 15 shares of the Company’s issued and outstanding common stock were reclassified as one share of common stock. The Reverse Stock Split had no impact on the par value of the Company’s common stock or the authorized number of shares of common stock. Unless otherwise indicated, all share and per share information prior to the Reverse Stock Split date of January 29, 2025 in these unaudited condensed consolidated financial statements are retroactively adjusted to reflect the Reverse Stock Split, prior to the rounding of any fractional shares. Any fractional share resulting from the Reverse Stock Split were rounded up to the next whole number of shares, upon which 87,402 roundup shares were issued in January 2025.

Going Concern, Liquidity and Other Uncertainties

The Company has incurred losses since inception resulting in an accumulated deficit of $108,259,471 as of March 31, 2025 and further losses are anticipated in the development of its business. Further, the Company has operating cash outflows of $2,391,582 for the three months ended March 31, 2025. For the three months ended March 31, 2025, the Company had a loss from operations of $2,187,533. Since inception, being a research and development company, the Company has not yet generated revenue and the Company has incurred continuing losses from its operations. The Company’s operations have been funded principally through the issuance of equity. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these unaudited condensed consolidated financial statements.

In assessing the Company’s ability to continue as a going concern, the Company monitors and analyzes its cash and its ability to generate sufficient cash flow in the future to support its operating and capital expenditure commitments. At March 31, 2025, the Company had cash of $4,294,435 and working capital of $3,650,434. The Company’s current cash on hand is not sufficient enough to satisfy its operating cash needs for the 12 months from the filing of this Quarterly Report on Form 10-Q. These conditions raise substantial doubt regarding the Company’s ability to continue as a going concern for a period of one year after the date the unaudited condensed consolidated financial statements are issued. Management’s plan to alleviate the conditions that raise substantial doubt include raising additional working capital through public or private equity or debt financings or other sources, and may include additional collaborations with third parties as well as disciplined cash spending. Adequate additional financing may not be available to the Company on acceptable terms, or at all. Should the Company be unable to raise sufficient additional capital, the Company may be required to undertake further cost-cutting measures including delaying or discontinuing certain operating activities.

As a result of these factors, management has concluded that there is substantial doubt about the Company’s ability to continue as a going concern for a period of one year after the date of the unaudited condensed consolidated financial statements are issued. The Company’s unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Principal of Consolidation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and Article 8 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. Management’s opinion is that all adjustments (consisting of normal accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2025 are not necessarily indicative of the results that may be expected for the year ending December 31, 2025. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2024, and related notes thereto included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2025.

The Company’s significant accounting policies and recent accounting standards are summarized in Note 2 of the Company’s consolidated financial statements for the year ended December 31, 2024. There were no significant changes to these accounting policies during the three months ended March 31, 2025.

Use of Estimates

The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and expenses during the periods reported. By their nature, these estimates are subject to measurement uncertainty and the effects on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include determining the fair value of transactions involving common stock, the valuation of warrants, the valuation of stock-based compensation and accruals associated with third party providers supporting research and development efforts. Actual results could differ from those estimates.

Reclassification

Certain reclassifications have been made to the prior period’s unaudited condensed consolidated financial statements in order to conform to the current year presentation. In the prior year, the Company included certain consulting expenses within general and administrative expenses on the unaudited condensed consolidated statements of operations. These expenses were reclassified to research and development expenses in the current year. Additionally, the Company has reclassified investment option liability and warrant liability to accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets and change in fair value of investment option liability and warrant liability to other income on the unaudited condensed consolidated statements of operations in the current year. These reclassifications had no effect on the Company’s previously reported results of operations, changes in equity, or cash flows.

Foreign Currency Translation

From inception through March 31, 2025, the reporting currency of the Company was the United States dollar while the functional currency of certain of the Company’s subsidiaries was the Canadian dollar or the Australian dollar. For the reporting periods ended March 31, 2025 and 2024, the Company engaged in a number of transactions denominated in Canadian dollars and Australian dollars. As a result, the Company is subject to exposure from changes in the exchange rates of the Canadian dollar and Australian dollar against the United States dollar.

The Company translates the assets and liabilities of its Canadian subsidiaries and Australian subsidiary into the United States dollar at the exchange rate in effect on the balance sheet date. Revenues and expenses are translated at the average exchange rate in effect during each monthly period. Unrealized translation gains and losses are recorded as foreign currency translation gain (loss), which is included in the unaudited condensed consolidated statements of shareholders’ equity as a component of accumulated other comprehensive loss.

The Company has not entered into any financial derivative instruments that expose it to material market risk, including any instruments designed to hedge the impact of foreign currency exposures. The Company may, however, hedge such exposure to foreign currency exchange fluctuations in the future.

Adjustments that arise from exchange rate changes on transactions denominated in a currency other than the local currency are included in other comprehensive loss in the unaudited condensed consolidated statements of operations and comprehensive loss as incurred.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the federal depository insurance coverage of $250,000 in the United States, AUD$250,000 in Australia and C$100,000 in Canada. The Company has not experienced losses on these accounts, and management believes the Company is not exposed to significant risks on such accounts. As of March 31, 2025, the Company had greater than $250,000 at United States financial institutions, less than AUD$250,000 at Australian financial institutions, and more than C$100,000 at Canadian financial institutions. As of December 31, 2024, the Company had greater than $250,000 at United States financial institutions, less than AUD$250,000 at Australian financial institutions, and less than C$100,000 at Canadian financial institutions.

Income Taxes

The Company files U.S. federal and state returns. The Company’s foreign subsidiary also files a local tax return in their local jurisdiction. From a U.S. federal, state, and Canadian perspective, the years that remain open to examination are consistent with each jurisdiction’s statute of limitations. The Company receives no tax benefit from operating losses due to a full valuation allowance.

Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. The Company uses the two-class method to determine earnings per share only when the Company is in an income position. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). The computation of basic net loss per share for the three months ended March 31, 2025 and 2024 excludes potentially dilutive securities. The computations of net loss per share for each period presented is the same for both basic and fully diluted. In accordance with ASC 260 “Earnings per Share” (“ASC 260”), penny warrants were included in the calculation of weighted average shares outstanding for the purposes of calculating basic and diluted earnings per share. In accordance with ASC 260, 4,541 RSUs that were fully vested on March 31, 2025 were included in basic and dilutive earnings per share as there were no remaining contingencies for these shares to be issued as of March 31, 2025.

Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share the three months ended March 31, 2025 and 2024 because the effect of their inclusion would have been anti-dilutive.

	2025		2024
	For the three months ended March 31,
	2025		2024
Warrants to purchase shares of common stock		3,481,267		56,348
Restricted stock units - vested and unissued		3,099		3,132
Restricted stock units - unvested		41,751		23,742
Investment options to purchase shares of common stock		4,667		4,667
Options to purchase shares of common stock		1,538		1,723
Total potentially dilutive securities		3,532,322		89,612

Segment Reporting

The Company operates as one operating segment with a focus on developing novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders. The Company’s Chief Executive Officer (“CEO”) as the Chief Operating Decision Maker (“CODM”), manages and allocates resources to the operations of the Company on a consolidated basis. Consolidated loss from operations, which is reported in the accompanying unaudited condensed consolidated statements of operations, is the measure of segment profit or loss that is regularly reviewed by the CODM. This enables the CEO to assess the overall level of available resources and determine how best to deploy these resources across research and development projects in line with the long-term company-wide strategic goals. Refer to the accompanying unaudited condensed consolidated statements of operations for the presentation of consolidated loss from operations for the three months ended March 31, 2025 and 2024. The measure of segment assets is reported in the accompanying unaudited condensed consolidated balance sheets as “Total assets.” There are no significant segment expenses as the expenses that are included in consolidated loss from operations are general and administrative and research and development.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3. PREPAID EXPENSES AND OTHER CURRENT ASSETS

As of March 31, 2025 and December 31, 2024, the prepaid expenses and other current assets of the Company consisted of the following:

	March 31, 2025		December 31, 2024
Prepaid insurance	$	394,746	$	107,610
Prepaid other		89,762		152,894
Prepaid research and development		55,500		—
Prepaid value-added taxes		397		233,054
Total prepaid expenses and other current assets	$	540,405	$	493,558

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment consists of the following assets which are located in Calgary, Canada, with all amounts translated into U.S. dollars:

	March 31, 2025			December 31, 2024
Lab equipment	$	769,769		$	769,105
Computer equipment and leasehold improvements		26,109			26,073
Property and equipment, gross		26,109			26,073
Less: Accumulated depreciation		(528,599	)		(489,401	)
Property and equipment, net of accumulated depreciation	$	267,279		$	305,777

Depreciation expense was $38,842 and $43,221 for the three months ended March 31, 2025 and 2024, respectively.

NOTE 5. ACCRUED LIABILITIES

As of March 31, 2025 and December 31, 2024, the accrued liabilities of the Company consisted of the following:

SCHEDULE OF ACCRUED LIABILITIES

	March 31, 2025		December 31, 2024
Product development	$	234,614	$	332,421
Accrued salaries, wages, and bonuses		1,328		1,327
Professional fees		152,173		103,968
Accrued franchise taxes		7,199		261,100
Patent costs		18,000		18,000
Other		523		18,282
Total accrued liabilities	$	413,837	$	735,098

NOTE 6. RELATED PARTY TRANSACTIONS

As of March 31, 2025 and December 31, 2024, there was $101,375 and $232,891, respectively, due to related parties. This balance is related to payments due to board members of the Company. Board member Sheila DeWitt has provided research and development services as an advisory consultant to the Company since May 2022. These services are provided as needed on an hourly basis. During the three months ended March 31, 2025, the Company incurred $3,250 in service fees related to these services. Of these fees, $1,750 has been paid and $1,500 is included in due to related parties on the unaudited condensed consolidated balance sheet as of March 31, 2025. During the three months ended March 31, 2024, the Company incurred $45,500 in service fees related to these services.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 7. SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS

Public Offering

On January 30, 2025, the Company commenced a best efforts public offering (the “Offering”) of an aggregate of (i) 1,229,330 shares (the “Shares”) of Common Stock of the Company, (ii) 437,336 pre-funded warrants (the “Pre-Funded Warrants”) to purchase 437,336 shares of Common Stock (the “Pre-Funded Warrant Shares”), (iii) 1,666,666 Series A warrants (the “Series A Warrants”) to purchase 1,666,666 shares of Common Stock (the “Series A Warrant Shares”), and (iv) 1,666,666 Series B warrants (the “Series B Warrants,” and together with the Series A Warrants, the “Warrants”) to purchase 1,666,666 shares of Common Stock (the “Series B Warrant Shares”). Each Share or Pre-Funded Warrant was sold together with one Series A Warrant to purchase one share of Common Stock and one Series B Warrant to purchase one share of Common Stock. The offering price for each Share and accompanying Warrants was $3.00, and the offering price for each Pre-Funded Warrant and accompanying Warrants was $2.9999. The Pre-Funded Warrants have an exercise price of $0.0001 per share, are exercisable immediately and will expire when exercised in full. Each Warrant has an exercise price of $3.00 per share and will be exercisable immediately upon issuance (“Initial Exercise Date”). The Series A Warrants expire on the five-year anniversary of the Initial Exercise Date. The Series B Warrants expire on the 18-month anniversary of the Initial Exercise Date.

The Offering closed on February 3, 2025. The net proceeds of the Offering, after deducting the fees and expenses of the Placement Agent (as defined below), described in more detail below, and other offering expenses payable by the Company, but excluding the net proceeds, if any, from the exercise of the Warrants, is $4,244,467.

All of the warrants issued in connection with the Offering were determined to be equity classified in accordance with the guidance at ASC 480, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging.

In connection with the Offering, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with a certain institutional investor. Pursuant to the Purchase Agreement, the Company agreed not to issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or any securities convertible into or exercisable or exchangeable for shares of Common Stock or file any registration statement or prospectus, or any amendment or supplement thereto for 60 days after the closing date of the Offering, subject to certain exceptions. In addition, the Company has agreed not to effect or enter into an agreement to effect any issuance of Common Stock or any securities convertible into or exercisable or exchangeable for shares of Common Stock involving a variable rate transaction (as defined in the Purchase Agreement) until the one-year anniversary of the closing date of the Offering, subject to an exception.

A holder will not have the right to exercise any portion of the Warrants or Pre-Funded Warrants if the holder (together with its affiliates) would beneficially own in excess of 4.99% or 9.99%, as applicable, of the number of shares of Common Stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Warrants or the Pre-Funded Warrants, respectively.

Pursuant to an engagement agreement, as amended, (the “Engagement Agreement”) with H.C. Wainwright & Co., LLC (the “Placement Agent”), the Company agreed to pay the Placement Agent in connection with the Offering (i) a cash fee equal to 7.0% of the aggregate gross proceeds received in the Offering, (ii) a management fee equal to 1.0% of the aggregate gross proceeds received in the Offering, (iii) a non-accountable expense allowance of $25,000, (iv) reimbursement of up to $100,000 for legal fees and expenses and other out of pocket expenses and (v) up to $15,950 for the clearing expenses.

Also pursuant to the Engagement Agreement, the Company, in connection with the Offering, agreed to issue to the Placement Agent or its designees warrants (the “Placement Agent Warrants”) to purchase up to an aggregate of 116,666 shares of Common Stock (the “Placement Agent Warrant Shares”) (which represents 7.0% of the Shares and Pre-Funded Warrants sold in the Offering). The Placement Agent Warrants have an exercise price of $3.75 per share (which represents 125% of the public offering price per Share and accompanying Warrants), expire on February 3, 2030, and are exercisable following the Initial Exercise Date. The grant date fair value of the Placement Agent Warrants were $147,564 on February 3, 2025 and are were recorded as offering costs. The measurement of fair value of Placement Agent Warrants were determined utilizing a Black-Scholes model considering all relevant assumptions current at the date of issuance (i.e., share price of $1.81, exercise price of $3.75, term of five years, volatility of 106%, risk-free rate of 4.4%, and expected dividend rate of 0%).

As of March 31, 2025, a total of 437,336 shares of Common Stock have been issued due to exercises of the Pre-Funded Warrants and 25,000 shares of Common Stock have been issued due to exercises of Series B Warrants.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Stock Options

2020 Long-Term Incentive Plan, as amended (“Incentive Plan”)

Effective March 21, 2025, the Board approved an equitable adjustment to increase the number of shares available under the Incentive Plan by 299,733 shares. As of March 31, 2025, the total number of shares available for grant under the Incentive Plan was 325,392.

The Company’s stock based compensation expense, recorded within general and administrative expense in the unaudited condensed consolidated statement of operations and comprehensive loss, related to stock options for the three months ended March 31, 2025 and 2024 was $414 and $(6,682), respectively.

As of March 31, 2025, the Company had $1,518 in unamortized stock option expense, which will be recognized over a weighted average period of 0.90 years.

Issuance of Restricted Stock Units

The Company’s activity in restricted stock units was as follows for the three months ended March 31, 2025:

SCHEDULE OF RESTRICTED STOCK UNITS

	Number of shares			Weighted average fair value
Non-vested at December 31, 2024		48,017		$	24.08
Granted		—			—
Forfeited		—			—
Vested		(6,266	)		20.04
Non-vested at March 31, 2025		41,751		$	24.69

For the three months ended March 31, 2025 and 2024, the Company recorded $193,434 and $358,170, respectively, in stock-based compensation expense related to restricted stock units, which is a component of both general and administrative and research and development expenses in the unaudited condensed consolidated statement of operations and comprehensive loss. As of March 31, 2025, the Company had unamortized stock-based compensation costs related to restricted stock units of $699,109 which will be recognized over a weighted average period of 1.86 years. As of March 31, 2025, 7,640 restricted stock units are vested without shares of common stock being issued, with all of these shares due as of March 31, 2025.

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

	2025		2024
	Three Months Ended March 31,
	2025		2024
Stock-based compensation expense for RSUs:
General and administrative	$	92,626	$	152,429
Research and development		100,808		205,741
Total	$	193,434	$	358,170
Stock-based compensation expense for RSUs	$	193,434	$	358,170

Warrants

The following table summarizes information about shares issuable under warrants outstanding at March 31, 2025:

SCHEDULE OF WARRANTS OUTSTANDING

	Warrant shares outstanding			Weighted average exercise price		Weighted average remaining life		Intrinsic value
Outstanding at December 31, 2024		56,308		$	536.70		2.7	$	—
Issued		3,887,334			2.69		—		—
Exercised		(462,336	)		0.16		—		—
Forfeited		(39	)		1,290.00		—		—
Outstanding at March 31, 2025		3,481,267			11.63		3.2		—

Exercisable at March 31, 2025		3,481,267		$	11.63		3.2	$	—

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8. LICENSING AGREEMENTS

On July 10, 2024, Akos entered into an Exclusive License Agreement (the “License Agreement”) with Aries Science and Technology, LLC, an Ohio limited liability company (“Aries”), pursuant to which Akos granted Aries a license of Akos’s patented radiation dermatitis topical product. The license allows Akos to use the patented formulation to develop pharmaceutical or non-pharmaceutical products for treating radiation dermatitis suitable for administration to humans or animals. The license is exclusive (subject to certain exceptions contained in the License Agreement), worldwide, royalty-bearing, and includes the right to sublicense. Akos is entitled to potential license payments, milestone payments and royalties based on net revenues of the Licensed Product on a licensed product-by-licensed product and country-by-country basis pursuant to the terms of the Agreement. Aries has the option during the license term, to purchase the rights to each licensed product (on a licensed product-by-licensed product basis) in the form of an exclusive (as to the applicable licensed product), fully paid, transferable right and license to the licensed product.

The Company has not earned any revenue related to this agreement as of March 31, 2025.

On November 7, 2024, the Company entered into an Out-Licensing Agreement (the “Agreement”) with MycoMedica Life Sciences, PBC, a Delaware public benefit corporation (“MycoMedica”), pursuant to which the Company will out-license EB-002 and its EVM201 series to MycoMedica for further development and sales of the product in treatment of neuropsychiatric disorders. MycoMedica will receive an exclusive, global license to the formulations, drugs, method of use, and medical devices developed by Enveric to utilize the compound. As part of the Agreement, the Company received a $20,000 upfront payment in the fourth quarter of 2024, and if certain conditions are met, will receive development and sales milestone payments of up to $62 million and tiered single-digit royalties based on future sales. MycoMedica has the option during the license term to buyout its milestone and royalty payment obligations at a predetermined amount depending upon the stage of product development and commercialization at the time of the buyout. Further, MycoMedica has the right to purchase the licensed patents at a nominal amount upon a change of control of the Company, although doing so does not relieve MycoMedica of any of its payment obligations.

The Company has not earned any revenue related to this agreement during the three months ended March 31, 2025.

On February 3, 2025, Akos entered into two licensing agreements with Restoration Biologics LLC (“Restoration Biologics”), a biotechnology company focused on the treatment of joint disease. The companies have executed two licenses for Akos’ cannabinoid-COX-2 conjugate compounds, for pharmaceutical and potential non-pharmaceutical applications.

The Company has not earned any revenue related to these agreements as of March 31, 2025.

NOTE 9. COMMITMENTS AND CONTINGENCIES

The Company is periodically involved in legal proceedings, legal actions and claims arising in the normal course of business. Management believes that the outcome of such legal proceedings, legal actions and claims will not have a significant adverse effect on the Company’s financial position, results of operations or cash flows.

Other Consulting and Vendor Agreements

The Company has entered into a number of agreements and work orders for future consulting, clinical trial support, and testing services, with terms ranging between one and 12 months. These agreements, in aggregate, commit the Company to approximately $2.8 million in future cash payments.

NOTE 10. SUBSEQUENT EVENTS

The Company entered into an at the market offering agreement, or the (“ATM Agreement”), with H.C. Wainwright & Co., LLC, or (“Wainwright”), acting as sales agent, on April 9, 2025, relating to shares of Common Stock. Under the ATM Agreement, the Company may offer and sell shares of Common Stock having an aggregate offering price of up to $1,854,151 from time to time through Wainwright.

Item 2. Management’s discussion and analysis of financial condition and results of operations

The information set forth below should be read in conjunction with the unaudited condensed consolidated financial statements and notes thereto included elsewhere in this Quarterly Report on Form 10-Q. Unless stated otherwise, references in this Quarterly Report on Form 10-Q to “us,” “we,” “our,” or our “Company” and similar terms refer to Enveric Biosciences, Inc., a Delaware corporation, and its subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “anticipates,” “assumes,” “believes,” “can,” “could,” “estimates,” “expects,” “forecasts,” “guides,” “intends,” “may,” “plans,” “seeks,” “projects,” “targets,” and “would” or the negative of such terms or other variations on such terms or comparable terminology. Such forward-looking statements include, but are not limited to, future financial and operating results, the company’s plans, objectives, expectations and intentions and other statements that are not historical facts. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These forward-looking statements speak only as of the date of this Form 10-Q and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from our historical experience and our present expectations. These risks and uncertainties include, but are not limited to:

	●	our dependence on the success of our prospective product candidates, which are in the early stages of development and may not reach a particular stage in development, receive regulatory approval, or be successfully commercialized;
	●	potential difficulties that may delay, suspend, or scale back our efforts to advance additional early research programs through preclinical development and investigational new drug (“IND”) application filings and into clinical development;
	●	the risk that the cost savings, synergies and growth from our combination with MagicMed Industries Inc. and the successful use of the rights and technologies acquired in the combination may not be fully realized or may take longer to realize than expected;
	●	the limited study on the effects of psychedelic-inspired compounds, and the chance that future clinical research studies may lead to conclusions that dispute or conflict with our understanding and belief regarding the medical benefits, viability, safety, efficacy, dosing, and social acceptance of psychedelic-inspired compounds;
	●	the expensive, time-consuming, and uncertain nature of clinical trials, which are susceptible to change, delays, termination, and differing interpretations;
	●	the ability to establish that potential products are efficacious or safe in preclinical or clinical trials;
	●	the fact that our current and future preclinical and clinical studies may be conducted outside the United States, and the United States Food and Drug Administration may not accept data from such studies to support any new drug applications we may submit after completing the applicable developmental and regulatory prerequisites;
	●	our ability to effectively and efficiently build, maintain and legally protect our molecular derivatives library so that it can be an essential building block from which those in the biotech industry can develop new patented products;
	●	our ability to establish or maintain collaborations on the development of therapeutic candidates;
	●	our ability to obtain appropriate or necessary governmental approvals to market potential products;
	●	our ability to manufacture product candidates on a commercial scale or in collaborations with third parties;
	●	our significant and increasing liquidity needs and potential requirements for additional funding;
	●	our ability to obtain future funding for developing products and working capital and to obtain such funding on commercially reasonable terms;
	●	our ability to continue as a going concern;
	●	legislative changes related to and affecting the healthcare system, including, without limitation, changes and proposed changes to the Patient Protection and Affordable Care Act (“PPACA”);
	●	the intense competition we face, often from companies with greater resources and experience than us;
	●	our ability to retain key executives and scientists;
	●	the ability to secure and enforce legal rights related to our products, including intellectual property rights and patent protection;
	●	political, economic, and military instability in Israel which may impede our development programs;
	●	adverse macroeconomic conditions; geopolitical tensions; laws and policies resulting from federal and state governments in the United States and Canada; impact of American trade tariffs and retaliatory tariffs by other nations;
	●	the impact of tariffs and other trade protective measures (including tariffs that have been or may in the future be imposed by the United States or other countries); and
	●	our success at managing the risks involved in the foregoing.

For a more detailed discussion of these and other factors that may affect our business and that could cause the actual results to differ materially from those projected in these forward-looking statements, see the risk factors and uncertainties set forth in Part II, Item 1A of this Form 10-Q and Part I, Item 1A of the Annual Report on Form 10-K for the year ended December 31, 2024. Any one or more of these uncertainties, risks and other influences could materially affect our results of operations and whether forward-looking statements made by us ultimately prove to be accurate. We undertake no obligation to publicly update or revise any forward-looking statements, whether from new information, future events or otherwise, except as required by law.

Business Overview

We are a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, addiction, and other psychiatric disorders. Leveraging our unique discovery and development platform, the Psybrary™, which houses proprietary information on the use and development of existing and novel molecules for specific mental health indications, Enveric seeks to develop a robust intellectual property portfolio of novel drug candidates.

Enveric’s lead program, the EVM301 Series, and its lead drug candidate, EB-003, are intended to offer a first-in-class, new approach to the treatment of difficult-to-address mental health disorders, mediated by the promotion of neuroplasticity and without also inducing hallucinations in the patient. Enveric unveiled its EVM401 Series on February 25, 2025, which is intended to broaden Enveric’s pipeline with additional non-hallucinogenic molecules and strengthen its ability to target addiction and neuropsychiatric disorders for patients with limited options. Previously, Enveric was developing the EVM201 Series, and its drug candidate EB-002 (formerly EB-373), for the treatment of neuropsychiatric disorders. The EVM201 Series comprised next generation synthetic prodrugs of the active metabolite, psilocin. In the fourth quarter of 2024, Enveric out-licensed the EVM201 Series program to MycoMedica Life Sciences, who will seek to develop, manufacture, and commercialize EB-002, in exchange for certain development and milestone payments to Enveric (discussed below).

Neuroplastogens

Following our amalgamation with MagicMed in September 2021, we have continued to pursue the development of MagicMed’s proprietary library, the Psybrary™, which we believe will help us to identify and develop the right drug candidates needed to address mental health challenges, including depression, anxiety, and addiction disorders. We synthesize novel phenylalkylamines and indolethylamines, using a mixture of chemistry and synthetic biology, resulting in the expansion of the Psybrary™, which currently includes 20 patent families with claims covering a million potential molecular structures, over one thousand of which we have so far synthesized in sufficient quantities to identify and hundreds of which we have screened for receptor binding and other relevant activities.

The Company developed certain intellectual property rights around the trademark PsyAI™ for potential use. On March 6, 2025, Enveric announced it is soliciting Requests-For Proposals (“RFPs”) for the license or sale of its PsyAI™ trademark portfolio as a means of maximizing value for an asset which is no longer strategic given the Company’s focus on drug development. This limited portfolio of US and Canadian trademark assets is held by its subsidiary, Enveric Biosciences Canada, Inc. Enveric expects the period for RFPs to remain open until August 31, 2025, with a decision to follow within three (3) months thereafter.

At this stage, we have entered into several non-binding term sheets with strategic partners to out-license certain molecules from the Psybrary™. Going forward, in order to build a pipeline of product candidates, we intend to both continue to internally develop new drug candidates with associated intellectual property and to acquire, through in-licensing, additional intellectual property from pharmaceutical and biotechnology companies and research institutions. The in-licensed assets could include both research stage and clinical stage drug candidates.

While we intend to pursue development of the EVM401 Series, our primary focus is to develop our lead asset EB-003 in the EVM301 Series. The development status of the product is shown in the table below:

Product Candidates	Targeted Indications	Status	Expected Next Steps
EB-003	Mental health indication	Preclinical Development	IND Filing
Psychedelic-inspired drug candidate

Recent Developments

Reverse Stock Split

We effected a 1-for-15 reverse stock split on January 27, 2025, which began trading on a split-adjusted basis on January 29, 2025, pursuant to which every 15 shares of our issued and outstanding common stock were reclassified as one share of common stock. No fractional shares were issued as a result of the reverse stock split. Any fractional shares that were to otherwise have resulted from the reverse stock split were rounded up to the next whole number. The reverse stock split had no impact on the par value of our common stock or the authorized number of shares of our common stock.

January 2025 Offering

On January 30, 2025, the Company commenced a best efforts public offering (the “Offering”) of an aggregate of (i) 1,229,330 shares (the “Shares”) of common stock of the Company, (ii) 437,336 pre-funded warrants (the “Pre-Funded Warrants”) to purchase 437,336 shares of common stock (the “Pre-Funded Warrant Shares”), (iii) 1,666,666 Series A warrants (the “Series A Warrants”) to purchase 1,666,666 shares of common stock (the “Series A Warrant Shares”), and (iv) 1,666,666 Series B warrants (the “Series B Warrants,” and together with the Series A Warrants, the “Warrants”) to purchase 1,666,666 shares of common stock (the “Series B Warrant Shares”). Each Share or Pre-Funded Warrant was sold together with one Series A Warrant to purchase one share of common stock and one Series B Warrant to purchase one share of common stock. The offering price for each Share and accompanying Warrants was $3.00, and the offering price for each Pre-Funded Warrant and accompanying Warrants was $2.9999. The Pre-Funded Warrants have an exercise price of $0.0001 per share, are exercisable immediately and will expire when exercised in full. Each Warrant has an exercise price of $3.00 per share and will be exercisable immediately upon issuance (“Initial Exercise Date”). The Series A Warrants expire on the five-year anniversary of the Initial Exercise Date. The Series B Warrants expire on the 18-month anniversary of the Initial Exercise Date.

The Offering closed on February 3, 2025. The net proceeds of the Offering, after deducting the fees and expenses of the Placement Agent (as defined below) and other offering expenses payable by the Company, but excluding the net proceeds, if any, from the exercise of the Warrants, is approximately $4.2 million. The Company intends to use the net proceeds from the Offering for working capital, EB-003 development, and general corporate purposes.

Results of Operations

The following table sets forth information comparing the components of net loss for the three months ended March 31, 2025 and 2024:

	For the Three Months Ended March 31,
	2025			2024
Operating expenses
General and administrative	$	1,360,138		$	1,885,753
Research and development		746,371			506,155
Depreciation and amortization		81,024			85,409
Total operating expenses		2,187,533			2,477,317

Loss from operations		(2,187,533	)		(2,477,317	)

Other income
Other income		2,565			21,437
Interest income, net		2			696
Total other income		2,567			22,133

Net loss before income taxes	$	(2,184,966	)	$	(2,455,184	)

Income tax expense		—			(1,731	)

Net loss	$	(2,184,966	)	$	(2,456,915	)

General and Administrative Expenses

Our general and administrative expenses decreased to $1,360,138 for the three months ended March 31, 2025 from $1,885,753 for the three months ended March 31, 2024, a decrease of $525,615, or 28%. This change was primarily driven by decreases in director fees of $147,000, accounting fees of $68,954, legal fees of $48,852, salaries and wages of $56,360, stock compensation expense of $52,703, insurance expenses of $25,994, audit fees of $23,845, software expense of $21,234, and public company fees of $43,458.

Research and Development Expenses

Our research and development expense for the three months ended March 31, 2025 was $746,371 as compared to $506,155 for the three months ended March 31, 2024 with an increase of $240,216, or approximately 47%. This increase was primarily driven by an increase in consulting fees of $305,032 and a prior year gain that was realized during the three months ended March 31, 2024 related to the Australian R&D tax incentive of $399,987, offset by decreases in CRO costs of $398,744, salaries and wages of $147,725 and rent expense of $28,577.

Depreciation and Amortization Expense

Depreciation and amortization expense for the three months ended March 31, 2025 was $81,024 as compared to $85,409 for the three months ended March 31, 2024, with a decrease of $4,385, or approximately 5%.

Going Concern, Liquidity and Capital Resources

The Company has incurred losses since inception resulting in an accumulated deficit of $108,259,471 as of March 31, 2025 and further losses are anticipated in the development of its business. For the three months ended March 31, 2025, the Company had a loss from operations of $2,187,533. Further, the Company had operating cash outflows of $2,391,582 for the three months ended March 31, 2025. Since inception, being a research and development company, the Company has not generated revenue and the Company has incurred continuing losses from its operations. The Company’s operations have been funded principally through the issuance of debt and equity. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these unaudited condensed consolidated financial statements.

In assessing the Company’s ability to continue as a going concern, the Company monitors and analyzes its cash and its ability to generate sufficient cash flow in the future to support its operating and capital expenditure commitments. At March 31, 2025, the Company had cash of $4,294,435 and working capital of $3,650,434. The Company’s current cash on hand is insufficient to satisfy its operating cash needs for the 12 months following the filing of this Quarterly Report on Form 10-Q. These conditions raise substantial doubt regarding the Company’s ability to continue as a going concern for a period of one year after the date the financial statements are issued. Management’s plan to alleviate the conditions that raise substantial doubt include raising additional working capital through public or private equity or debt financings or other sources, and may include additional collaborations with third parties as well as disciplined cash spending. For example, the Company recently entered into an agreement with H.C. Wainwright & Co., LLC to conduct an “at-the-market” offering, whereby the Company may offer and sell shares of its common stock for an aggregate offering price of up to $1.8 million. Adequate additional financing may not be available to us on acceptable terms, or at all. Should the Company be unable to raise sufficient additional capital, the Company may be required to undertake cost-cutting measures including delaying or discontinuing certain operating activities.

As a result of these factors, management has concluded that there is substantial doubt about the Company’s ability to continue as a going concern for a period of one year after the date of the financial statements. The Company’s unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Cash Flows

Since inception, we have primarily used our available cash to fund our product development and operations expenditures.

Cash Flows for the Three Months Ended March 31, 2025 and 2024

The following table sets forth a summary of cash flows for the years presented:

	For the Three Months Ended March 31,
	2025			2024
Net cash used in operating activities	$	(2,391,582	)	$	(2,598,347	)
Net cash provided by financing activities		4,448,914			6,658,269
Effect of foreign exchange rate on changes on cash		(3,923	)		8,137
Net increase in cash	$	2,053,409		$	4,068,059

Operating Activities

Net cash used in operating activities was $2,391,582 during the three months ended March 31, 2025, which consisted primarily of a net loss adjusted for non-cash items of $1,912,659, an increase in prepaid expenses of $46,126, a decrease in related party expenses of $131,516 and a decrease in accounts payable and accrued liabilities of $301,281.

Net cash used in operating activities was $2,598,347 during the three months ended March 31, 2024, which consisted primarily of a net loss adjusted for non-cash items of $2,041,455, an increase in prepaid expenses and other current assets of $759,289, offset by an increase in accounts payable and accrued liabilities of $202,397.

Financing Activities

Net cash provided by financing activities was $4,448,914 during the three months ended March 31, 2025, which consisted of $4,373,870 in proceeds from the Offering, and $75,044 in proceeds from the exercise of warrants.

Net cash provided by financing activities was $6,658,269 during the three months ended March 31, 2024, which consisted of $1,817,640 from the proceeds received from the stock subscription receivable, $2,676,980 for the exercise of the inducement warrants, and $2,307,707 for the common stock sold under a distribution agreement, net of offering costs, and offset by $144,058 offering costs previously accrued for the inducement warrants.

Critical Accounting Estimates

Our unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP, which requires us to make estimates, assumptions and judgments that affect the reported amount of assets, liabilities, costs and expenses and related disclosures. Our critical accounting estimates are those estimates that involve a significant level of uncertainty at the time the estimate was made, and changes in them have had or are reasonably likely to have a material effect on our financial condition or results of operations. Accordingly, actual results could differ materially from our estimates. We base our estimates on past experience and other assumptions that we believe are reasonable under the circumstances, and we evaluate these estimates on an ongoing basis. Our most critical accounting estimate includes determining the accruals associated with third party providers supporting research and development efforts.

There have been no material changes to our critical accounting estimates as compared to the critical accounting estimates disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Our primary market risk exposure is foreign currency exchange rate risk. From inception through March 31, 2025, the Company’s reporting currency is the United States dollar while the functional currency of certain of the Company’s subsidiaries were the Canadian dollar and Australian dollar. For the reporting periods ended March 31, 2025 and March 31, 2024, the Company engaged in a number of transactions denominated in Canadian dollars and Australian dollars. As a result, the Company is subject to exposure from changes in the exchange rates of the Canadian dollar and Australian dollar against the U.S. dollar.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures designed to ensure that the information we are required to disclose in reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified under the rules and forms of the SEC. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that such information is accumulated and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures.

As required by paragraph (b) of Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer (our principal executive) and Chief Financial Officer (our principal financial officer and principal accounting officer) carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2025. Based on this evaluation, and in light of the material weaknesses found in our internal controls over financial reporting as of December 31, 2024, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in paragraph (e) of Rules 13a-15 and 15d-15 under the Exchange Act) were not effective as of March 31, 2025.

Management’s Remediation Plan

As previously discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, management had concluded that our internal control over financial reporting was not effective as of December 31, 2024, because management identified inadequate segregation of duties to ensure the processing, review, and authorization of all transactions, including non-routine transactions resulting in deficiencies, which, in aggregate, amounted to a material weakness in the Company’s internal control over financial reporting.

Management has taken, and is taking steps to strengthen our internal control over financial reporting: we have conducted evaluation of the material weakness to determine the appropriate remedy and have established procedures for documenting disclosures and disclosure controls.

While we have taken certain actions to address the material weaknesses identified, additional measures may be necessary as we work to improve the overall effectiveness of our internal controls over financial reporting.

Changes in Internal Control over Financial Reporting

Other than the changes being undertaken as part of the Company’s remediation plan, there have been no other changes in our internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-(f) of the Exchange Act) that occurred during quarter ending March 31, 2025, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal proceedings

The Company may periodically be involved in legal proceedings, legal actions and claims arising in the ordinary course of business. In the opinion of management, we do not have any pending litigation that, separately or in the aggregate, have a material adverse effect on our financial position, results of operations or cash flows.

Item 1A. Risk factors

Factors that could cause our actual results to differ materially from those in this Quarterly Report are any of the risks described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 as filed with the SEC on March 28, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations of financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. As of the date of this Quarterly Report, other than as described below, there have been no material changes to the risk factors disclosed in the Company’s Annual Report.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit No.		Description

4.1		Form of Pre-Funded Warrant (incorporated by reference to Exhibit 4.14 of the Company’s Registration Statement on Form S-1/A, filed with the Commission on January 30, 2025)
4.2		Form of Series A Warrant (incorporated by reference to Exhibit 4.15 of the Company’s Registration Statement on Form S-1/A, filed with the Commission on January 30, 2025)
4.3		Form of Series B Warrant (incorporated by reference to Exhibit 4.16 of the Company’s Registration Statement on Form S-1/A, filed with the Commission on January 30, 2025)
4.4		Form of Placement Agent Warrants (incorporated by reference to Exhibit 4.17 of the Company’s Registration Statement on Form S-1/A, filed with the Commission on January 30, 2025)
10.1		Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.33 of the Company’s Registration Statement on Form S-1/A, filed with the Commission on January 30, 2025)
31.1		Certification pursuant to Section 302 of the Sarbanes–Oxley Act of 2002 of Principal Executive Officer*
31.2		Certification pursuant to Section 302 of the Sarbanes–Oxley Act of 2002 of Principal Financial and Accounting Officer*
32		Certification pursuant to Section 906 of the Sarbanes–Oxley Act of 2002 of Principal Executive Officer, Principal Financial and Accounting Officer**
101.INS		Inline XBRL Instance Document*
101.SCH		Inline XBRL Taxonomy Extension Schema*
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document*
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

*		Filed herewith.
**		Furnished herewith.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on May 14, 2025.

	Enveric Biosciences, Inc.

	By:	/s/ Joseph Tucker
	Name:	Joseph Tucker, Ph.D.
	Title:	Chief Executive Officer
		(Principal Executive Officer)

	By:	/s/ Kevin Coveney
	Name:	Kevin Coveney
	Title:	Chief Financial Officer
		(Principal Financial and Accounting Officer)

EXHIBIT 31.1

CERTIFICATION PURSUANT to Exchange Act Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Dr. Joseph Tucker, Chief Executive Officer of Enveric Biosciences, Inc., certify that:

1. I have reviewed this report on Form 10-Q of Enveric Biosciences, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 14, 2025	/s/ Dr. Joseph Tucker
	Joseph Tucker, Ph.D.
	Chief Executive Officer (Principal Executive Officer)

EXHIBIT 31.2

CERTIFICATION PURSUANT to Exchange Act Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Kevin Coveney, Chief Financial Officer of Enveric Biosciences, Inc., certify that:

1. I have reviewed this report on Form 10-Q of Enveric Biosciences, Inc. (the “registrant”);

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 14, 2025	/s/ Kevin Coveney
	Kevin Coveney
	Chief Financial Officer (Principal Financial and Accounting Officer)

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Enveric Biosciences, Inc. (the “Issuer”) on Form 10-Q for the period ended March 31, 2025 as filed with the Securities and Exchange Commission on the date hereof (the “Form 10-Q”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(i) the Form 10-Q fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

(ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Issuer.

Dated: May 14, 2025

	By:	/s/ Dr. Joseph Tucker
		Joseph Tucker, Ph.D.
		Chief Executive Officer
		(Principal Executive Officer)

	By:	/s/ Kevin Coveney
		Kevin Coveney
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2025	May 14, 2025
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2025
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--12-31
Entity File Number	001-38286
Entity Registrant Name	ENVERIC BIOSCIENCES, INC.
Entity Central Index Key	0000890821
Entity Tax Identification Number	95-4484725
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	4851 Tamiami Trail N
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Naples
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34103
City Area Code	(239)
Local Phone Number	302-1707
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	ENVB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,471,656

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash	$ 4,294,435	$ 2,241,026
Prepaid expenses and other current assets	540,405	493,558
Total current assets	4,834,840	2,734,584
Other assets:
Property and equipment, net	267,279	305,777
Intangible assets, net		42,182
Total other assets	267,279	347,959
Total assets	5,102,119	3,082,543
Current liabilities:
Accounts payable	669,194	521,747
Accrued expenses and other current liabilities	413,837	735,098
Total current liabilities	1,184,406	1,489,736
Commitments and contingencies (Note 9)
Mezzanine equity
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively
Total mezzanine equity
Shareholders’ equity
Preferred stock, $0.01 par value, 20,000,000 shares authorized; Series B preferred stock, $0.01 par value, 3,600,000 shares authorized, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively
Common stock, $0.01 par value, 100,000,000 shares authorized, 2,471,656 and 678,002 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	24,716	6,780
Additional paid-in capital	112,750,472	108,255,049
Accumulated deficit	(108,259,471)	(106,074,505)
Accumulated other comprehensive loss	(598,004)	(594,517)
Total shareholders’ equity	3,917,713	1,592,807
Total liabilities, mezzanine equity, and shareholders’ equity	5,102,119	3,082,543
Related Party [Member]
Current liabilities:
Due to related parties	$ 101,375	$ 232,891

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2025	Dec. 31, 2024
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	2,471,656	678,002
Common stock, shares outstanding	2,471,656	678,002
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,600,000	3,600,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C Redeemable Preferred Stock [Member]
Temporary equity, par value	$ 0.01	$ 0.01
Temporary equity, shares authorized	100,000	100,000
Temporary equity, shares issued	0	0
Temporary equity, shares outstanding	0	0

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating expenses
General and administrative	$ 1,360,138	$ 1,885,753
Research and development	746,371	506,155
Depreciation and amortization	81,024	85,409
Total operating expenses	2,187,533	2,477,317
Loss from operations	(2,187,533)	(2,477,317)
Other income
Other income	2,565	21,437
Interest income, net	2	696
Total other income	2,567	22,133
Net loss before income taxes	(2,184,966)	(2,455,184)
Income tax expense		(1,731)
Net loss	(2,184,966)	(2,456,915)
Other comprehensive loss
Foreign currency translation	(3,487)	17,906
Comprehensive loss	$ (2,188,453)	$ (2,439,009)
Net loss per share - basic	$ (1.22)	$ (9.21)
Net loss per share - diluted	$ (1.22)	$ (9.21)
Weighted average shares outstanding, basic	1,797,774	266,764
Weighted average shares outstanding, diluted	1,797,774	266,764

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Subscription Receivable [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2023	$ 1,827	$ 100,841,416	$ (1,817,640)	$ (96,499,518)	$ (569,749)	$ 1,956,336
Beginning balance, shares at Dec. 31, 2023	182,625
Stock based compensation		351,488				351,488
Foreign exchange translation gain					17,906	17,906
Net loss				(2,456,915)		(2,456,915)
Common stock sold under the Equity Distribution Agreement, net of offering costs of $583,713	$ 1,112	1,807,677				1,808,789
Common stock sold under the Equity Distribution Agreement, net of offering cost, shares	111,200
Issuance of direct offering shares	$ 152	322,301				322,453
Issuance of direct offering shares, shares	15,246
Exercise of Inducement Warrants for common stock	$ 1,303	2,675,677				2,676,980
Exercise of Inducement Warrants for common stock, shares	130,267
Proceeds from the subscription receivable related to the issuance of Inducement Warrants, net of offering costs of $12,821		(12,821)	280,500			267,679
Proceeds from the subscription receivable related to the exercise of warrants and preferred investment options and issuance of common stock in abeyance	$ 469	(469)	1,537,140			1,537,140
Proceeds from the subscription receivable related to the exercise of warrants and preferred investment options and issuance of common stock in abeyance, shares	46,934
Balance at Mar. 31, 2024	$ 4,863	105,985,269		(98,956,433)	(551,843)	6,481,856
Ending balance, shares at Mar. 31, 2024	486,272
Balance at Dec. 31, 2024	$ 6,780	108,255,049		(106,074,505)	(594,517)	1,592,807
Beginning balance, shares at Dec. 31, 2024	678,002
Issuance of common stock and Series A and B and prefunded warrants for cash, net of offering costs of $755,487	$ 12,293	4,232,174				4,244,467
Issuance of common stock and Series A and B and prefunded warrants for cash, net of offering costs, shares	1,229,330
Issuance of common shares for vested RSAs	$ 146	(146)
Issuance of common shares for vested RSU, shares	14,586
Issuance of common shares for exercise of warrants	$ 4,623	70,421				75,044
Issuance of common shares for exercise of warrants, shares	462,336
Issuance of round up shares	$ 874	(874)
Issuance of round up shares, shares	87,402
Stock based compensation		193,848				193,848
Foreign exchange translation gain					(3,487)	(3,487)
Net loss				(2,184,966)		(2,184,966)
Balance at Mar. 31, 2025	$ 24,716	$ 112,750,472		$ (108,259,471)	$ (598,004)	$ 3,917,713
Ending balance, shares at Mar. 31, 2025	2,471,656

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]
Net offering costs	$ 755,487	$ 12,821
Common stock equity distribution costs		$ 583,713

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash Flows From Operating Activities:
Net loss	$ (2,184,966)	$ (2,456,915)
Adjustments to reconcile net loss to cash used in operating activities
Change in fair value of warrant liability	(858)	(10,039)
Change in fair value of investment option liability	(1,707)	(11,398)
Stock-based compensation	193,848	351,488
Amortization of intangibles	42,182	42,188
Depreciation expense	38,842	43,221
Change in operating assets and liabilities:
Prepaid expenses and other current assets	(46,126)	(759,289)
Accounts payable, accrued expenses and other current liabilities	(301,281)	202,397
Due to related parties	(131,516)
Net cash used in operating activities	(2,391,582)	(2,598,347)
Cash Flows From Financing Activities:
Proceeds from sale of common stock and warrants, net of offering costs	4,373,870
Proceeds from the exercise of warrants	75,044	2,676,980
Proceeds from the subscription receivable related to the issuance of Inducement Warrants and the exercise of warrants and preferred investment options		1,817,640
Proceeds from common stock sold under the Equity Distribution Agreement, net of offering costs		2,307,707
Payment for offering costs previously accrued		(144,058)
Net cash provided by financing activities	4,448,914	6,658,269
Effect of foreign exchange rate on changes on cash	(3,923)	8,137
Net increase in cash	2,053,409	4,068,059
Cash at beginning of period	2,241,026	2,287,977
Cash at end of period	4,294,435	6,356,036
Supplemental disclosure of cash flow transactions:
Cash paid for interest
Income taxes paid		24,001
Non-cash financing and investing activities:
Non-cash issuance of round-up shares	874
Non-cash issuance of RSA vested shares	146
Offering costs accrued not paid	129,403	49,249
Issuance of common shares for offering costs		$ 322,453

BUSINESS AND LIQUIDITY AND OTHER UNCERTAINTIES

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BUSINESS AND LIQUIDITY AND OTHER UNCERTAINTIES

NOTE 1. BUSINESS AND LIQUIDITY AND OTHER UNCERTAINTIES

Nature of Operations

Reverse Stock Split

Going Concern, Liquidity and Other Uncertainties

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Principal of Consolidation

Use of Estimates

Reclassification

Foreign Currency Translation

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Concentration of Credit Risk

Income Taxes

Net Loss per Share

	2025		2024
	For the three months ended March 31,
	2025		2024
Warrants to purchase shares of common stock		3,481,267		56,348
Restricted stock units - vested and unissued		3,099		3,132
Restricted stock units - unvested		41,751		23,742
Investment options to purchase shares of common stock		4,667		4,667
Options to purchase shares of common stock		1,538		1,723
Total potentially dilutive securities		3,532,322		89,612

Segment Reporting

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

3 Months Ended

Mar. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 3. PREPAID EXPENSES AND OTHER CURRENT ASSETS

As of March 31, 2025 and December 31, 2024, the prepaid expenses and other current assets of the Company consisted of the following:

	March 31, 2025		December 31, 2024
Prepaid insurance	$	394,746	$	107,610
Prepaid other		89,762		152,894
Prepaid research and development		55,500		—
Prepaid value-added taxes		397		233,054
Total prepaid expenses and other current assets	$	540,405	$	493,558

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment consists of the following assets which are located in Calgary, Canada, with all amounts translated into U.S. dollars:

	March 31, 2025			December 31, 2024
Lab equipment	$	769,769		$	769,105
Computer equipment and leasehold improvements		26,109			26,073
Property and equipment, gross		26,109			26,073
Less: Accumulated depreciation		(528,599	)		(489,401	)
Property and equipment, net of accumulated depreciation	$	267,279		$	305,777

Depreciation expense was $38,842 and $43,221 for the three months ended March 31, 2025 and 2024, respectively.

ACCRUED LIABILITIES

3 Months Ended

Mar. 31, 2025

Payables and Accruals [Abstract]

ACCRUED LIABILITIES

NOTE 5. ACCRUED LIABILITIES

As of March 31, 2025 and December 31, 2024, the accrued liabilities of the Company consisted of the following:

SCHEDULE OF ACCRUED LIABILITIES

	March 31, 2025		December 31, 2024
Product development	$	234,614	$	332,421
Accrued salaries, wages, and bonuses		1,328		1,327
Professional fees		152,173		103,968
Accrued franchise taxes		7,199		261,100
Patent costs		18,000		18,000
Other		523		18,282
Total accrued liabilities	$	413,837	$	735,098

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2025

RELATED PARTY TRANSACTIONS

NOTE 6. RELATED PARTY TRANSACTIONS

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS

NOTE 7. SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS

Public Offering

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Stock Options

2020 Long-Term Incentive Plan, as amended (“Incentive Plan”)

As of March 31, 2025, the Company had $1,518 in unamortized stock option expense, which will be recognized over a weighted average period of 0.90 years.

Issuance of Restricted Stock Units

The Company’s activity in restricted stock units was as follows for the three months ended March 31, 2025:

SCHEDULE OF RESTRICTED STOCK UNITS

	Number of shares			Weighted average fair value
Non-vested at December 31, 2024		48,017		$	24.08
Granted		—			—
Forfeited		—			—
Vested		(6,266	)		20.04
Non-vested at March 31, 2025		41,751		$	24.69

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

	2025		2024
	Three Months Ended March 31,
	2025		2024
Stock-based compensation expense for RSUs:
General and administrative	$	92,626	$	152,429
Research and development		100,808		205,741
Total	$	193,434	$	358,170
Stock-based compensation expense for RSUs	$	193,434	$	358,170

Warrants

The following table summarizes information about shares issuable under warrants outstanding at March 31, 2025:

SCHEDULE OF WARRANTS OUTSTANDING

	Warrant shares outstanding			Weighted average exercise price		Weighted average remaining life		Intrinsic value
Outstanding at December 31, 2024		56,308		$	536.70		2.7	$	—
Issued		3,887,334			2.69		—		—
Exercised		(462,336	)		0.16		—		—
Forfeited		(39	)		1,290.00		—		—
Outstanding at March 31, 2025		3,481,267			11.63		3.2		—

Exercisable at March 31, 2025		3,481,267		$	11.63		3.2	$	—

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

LICENSING AGREEMENTS

3 Months Ended

Mar. 31, 2025

Licensing Agreements

LICENSING AGREEMENTS

NOTE 8. LICENSING AGREEMENTS

The Company has not earned any revenue related to this agreement as of March 31, 2025.

The Company has not earned any revenue related to this agreement during the three months ended March 31, 2025.

The Company has not earned any revenue related to these agreements as of March 31, 2025.

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 9. COMMITMENTS AND CONTINGENCIES

Other Consulting and Vendor Agreements

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2025

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 10. SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Basis of Presentation and Principal of Consolidation

Basis of Presentation and Principal of Consolidation

Use of Estimates

Use of Estimates

Reclassification

Reclassification

Foreign Currency Translation

Foreign Currency Translation

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Concentration of Credit Risk

Concentration of Credit Risk

Income Taxes

Income Taxes

Net Loss per Share

Net Loss per Share

	2025		2024
	For the three months ended March 31,
	2025		2024
Warrants to purchase shares of common stock		3,481,267		56,348
Restricted stock units - vested and unissued		3,099		3,132
Restricted stock units - unvested		41,751		23,742
Investment options to purchase shares of common stock		4,667		4,667
Options to purchase shares of common stock		1,538		1,723
Total potentially dilutive securities		3,532,322		89,612

Segment Reporting

Segment Reporting

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

	2025		2024
	For the three months ended March 31,
	2025		2024
Warrants to purchase shares of common stock		3,481,267		56,348
Restricted stock units - vested and unissued		3,099		3,132
Restricted stock units - unvested		41,751		23,742
Investment options to purchase shares of common stock		4,667		4,667
Options to purchase shares of common stock		1,538		1,723
Total potentially dilutive securities		3,532,322		89,612

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

As of March 31, 2025 and December 31, 2024, the prepaid expenses and other current assets of the Company consisted of the following:

	March 31, 2025		December 31, 2024
Prepaid insurance	$	394,746	$	107,610
Prepaid other		89,762		152,894
Prepaid research and development		55,500		—
Prepaid value-added taxes		397		233,054
Total prepaid expenses and other current assets	$	540,405	$	493,558

PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY AND EQUIPMENT NET OF ACCUMULATED DEPRECIATION

Property and equipment consists of the following assets which are located in Calgary, Canada, with all amounts translated into U.S. dollars:

	March 31, 2025			December 31, 2024
Lab equipment	$	769,769		$	769,105
Computer equipment and leasehold improvements		26,109			26,073
Property and equipment, gross		26,109			26,073
Less: Accumulated depreciation		(528,599	)		(489,401	)
Property and equipment, net of accumulated depreciation	$	267,279		$	305,777

ACCRUED LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2025

Payables and Accruals [Abstract]

SCHEDULE OF ACCRUED LIABILITIES

As of March 31, 2025 and December 31, 2024, the accrued liabilities of the Company consisted of the following:

SCHEDULE OF ACCRUED LIABILITIES

	March 31, 2025		December 31, 2024
Product development	$	234,614	$	332,421
Accrued salaries, wages, and bonuses		1,328		1,327
Professional fees		152,173		103,968
Accrued franchise taxes		7,199		261,100
Patent costs		18,000		18,000
Other		523		18,282
Total accrued liabilities	$	413,837	$	735,098

SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

	2025		2024
	Three Months Ended March 31,
	2025		2024
Stock-based compensation expense for RSUs:
General and administrative	$	92,626	$	152,429
Research and development		100,808		205,741
Total	$	193,434	$	358,170
Stock-based compensation expense for RSUs	$	193,434	$	358,170

SCHEDULE OF WARRANTS OUTSTANDING

The following table summarizes information about shares issuable under warrants outstanding at March 31, 2025:

SCHEDULE OF WARRANTS OUTSTANDING

	Warrant shares outstanding			Weighted average exercise price		Weighted average remaining life		Intrinsic value
Outstanding at December 31, 2024		56,308		$	536.70		2.7	$	—
Issued		3,887,334			2.69		—		—
Exercised		(462,336	)		0.16		—		—
Forfeited		(39	)		1,290.00		—		—
Outstanding at March 31, 2025		3,481,267			11.63		3.2		—

Exercisable at March 31, 2025		3,481,267		$	11.63		3.2	$	—

Restricted Stock Units (RSUs) [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

SCHEDULE OF RESTRICTED STOCK UNITS

The Company’s activity in restricted stock units was as follows for the three months ended March 31, 2025:

SCHEDULE OF RESTRICTED STOCK UNITS

	Number of shares			Weighted average fair value
Non-vested at December 31, 2024		48,017		$	24.08
Granted		—			—
Forfeited		—			—
Vested		(6,266	)		20.04
Non-vested at March 31, 2025		41,751		$	24.69

BUSINESS AND LIQUIDITY AND OTHER UNCERTAINTIES (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended
	Jan. 27, 2025	Jan. 31, 2025	Mar. 31, 2025	Mar. 31, 2024	Jan. 29, 2025	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reverse stock split	1-for-15 reverse stock split
Common stock, shares issued			2,471,656		15	678,002
Common stock, shares outstanding			2,471,656		15	678,002
Reserve stock split, shares		87,402
Accumulated deficit			$ (108,259,471)			$ (106,074,505)
Net cash used in operating activities			(2,391,582)	$ (2,598,347)
Loss from operations			(2,187,533)	$ (2,477,317)
Cash			4,294,435			$ 2,241,026
Working capital			$ 3,650,434

SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES (Details) - shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	3,532,322	89,612
Warrants to Purchase Shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	3,481,267	56,348
Restricted Stock Units Vested and Unissued [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	3,099	3,132
Restricted Stock Units Unvested [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	41,751	23,742
Investment Options to Purchase Shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	4,667	4,667
Options to Purchase Shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	1,538	1,723

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2025 USD ($) Segment shares	Mar. 31, 2025 AUD ($)	Mar. 31, 2025 CAD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 AUD ($)	Dec. 31, 2024 CAD ($)
Restricted stock award shares \| shares	4,541
Basic and dilutive shares	$ 0
Operating segments \| Segment	1
UNITED STATES
Cash FDIC insured amount	$ 250,000			$ 250,000
AUSTRALIA
Cash FDIC insured amount		$ 250,000			$ 250,000
CANADA
Cash FDIC insured amount			$ 100,000			$ 100,000

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance	$ 394,746	$ 107,610
Prepaid other	89,762	152,894
Prepaid research and development	55,500
Prepaid value-added taxes	397	233,054
Total prepaid expenses and other current assets	$ 540,405	$ 493,558

SCHEDULE OF PROPERTY AND EQUIPMENT NET OF ACCUMULATED DEPRECIATION (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (528,599)	$ (489,401)
Property and equipment, net of accumulated depreciation	267,279	305,777
Lab Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	769,769	769,105
Computer Equipment and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 26,109	$ 26,073

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 38,842	$ 43,221

SCHEDULE OF ACCRUED LIABILITIES (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Payables and Accruals [Abstract]
Product development	$ 234,614	$ 332,421
Accrued salaries, wages, and bonuses	1,328	1,327
Professional fees	152,173	103,968
Accrued franchise taxes	7,199	261,100
Patent costs	18,000	18,000
Other	523	18,282
Total accrued liabilities	$ 413,837	$ 735,098

RELATED PARTY TRANSACTIONS (Details Narrative) - Related Party [Member] - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Related Party Transaction [Line Items]
Due to related parties	$ 101,375		$ 232,891
Service fees	3,250	$ 45,500
Service fees paid	1,750
Other Current Liabilities [Member]
Related Party Transaction [Line Items]
Due to related parties, remaining balance	$ 1,500

SCHEDULE OF RESTRICTED STOCK UNITS (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2025 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, Non-vested beginning \| shares	48,017
Weighted average fair value, Non-vested beginning \| $ / shares	$ 24.08
Number of shares, Granted \| shares
Weighted average fair value, Granted \| $ / shares
Number of shares, Forfeited \| shares
Weighted average fair value, Forfeited \| $ / shares
Number of shares, vested \| shares	(6,266)
Weighted average fair value, Vested \| $ / shares	$ 20.04
Number of shares, Non-vested ending \| shares	41,751
Weighted average fair value, Non-vested ending \| $ / shares	$ 24.69

SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Stock-based compensation expense for RSUs	$ 193,434	$ 358,170
General and Administrative Expense [Member]
Stock-based compensation expense for RSUs	92,626	152,429
Research and Development Expense [Member]
Stock-based compensation expense for RSUs	$ 100,808	$ 205,741

SCHEDULE OF WARRANTS OUTSTANDING (Details) - Warrant [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2025	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant shares outstanding at beginning	56,308
Weighted average exercise Price, Outstanding at beginning	$ 536.70
Weighted average remaining life, Outstanding	3 years 2 months 12 days	2 years 8 months 12 days
Intrinsic Value, Outstanding beginning
Warrant shares outstanding, Issued	3,887,334
Weighted average exercise price, Issued	$ 2.69
Warrant shares outstanding, Exercised	(462,336)
Weighted average exercise price, Exercised	$ 0.16
Warrant shares outstanding, Forfeited	(39)
Weighted average exercise price, Forfeited	$ 1,290.00
Warrant shares outstanding at end	3,481,267	56,308
Weighted average exercise Price, Outstanding at end	$ 11.63	$ 536.70
Intrinsic Value, Outstanding ending
Warrant shares outstanding, Exercisable	3,481,267
Weighted average exercise price, Exercisable	$ 11.63
Weighted average remaining life, Exercisable	3 years 2 months 12 days
Intrinsic value, exercisable

SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Details Narrative)		3 Months Ended
	Jan. 30, 2025 USD ($) Segment $ / shares shares	Mar. 31, 2025 USD ($) shares	Mar. 31, 2024 USD ($)	May 21, 2025 shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise of the warrants \| $	$ 4,244,467
Engagement agreement description	(i) a cash fee equal to 7.0% of the aggregate gross proceeds received in the Offering, (ii) a management fee equal to 1.0% of the aggregate gross proceeds received in the Offering, (iii) a non-accountable expense allowance of $25,000, (iv) reimbursement of up to $100,000 for legal fees and expenses and other out of pocket expenses and (v) up to $15,950 for the clearing expenses.
Non-accountable expense allowance \| $	$ 25,000
Legal fees \| $	100,000
clearing expenses \| $	$ 15,950
Ffair value of Warrant \| $		$ (858)	$ (10,039)
Stock based compensation expenses \| $		193,434	358,170
Share-Based Payment Arrangement, Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock based compensation expenses \| $		414	(6,682)
Unamortized stock-based compensation costs \| $		$ 1,518
Weighted average period		10 months 24 days
Restricted Stock Units (RSUs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock based compensation expenses \| $		$ 193,434	$ 358,170
Unamortized stock-based compensation costs \| $		$ 699,109
Weighted average period		1 year 10 months 9 days
Common stock vested restricted stock units		6,266
2020 Long Term Incentive Plan [Member] \| Board [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Authorized shares reserved				299,733
Shares available for grant		325,392
Measurement Input, Share Price [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants outstanding, measurement input \| Segment	1.81
Measurement Input, Exercise Price [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants outstanding, measurement input	3.75
Measurement Input, Expected Term [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Term years	5 years
Measurement Input, Option Volatility [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants outstanding, measurement input	106
Measurement Input, Risk Free Interest Rate [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants outstanding, measurement input	4.4
Measurement Input, Expected Dividend Rate [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants outstanding, measurement input	0
Pre-funded Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate of shares	437,336
Warrants to purchase of shares	437,336
Exercise price \| $ / shares	$ 0.0001
Stock have been issued due to exercises		437,336
Series A Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate of shares	1,666,666
Warrants to purchase of shares	1,666,666
Series B Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate of shares	1,666,666
Warrants to purchase of shares	1,666,666
Stock have been issued due to exercises		25,000
Prefunded Warrants and Accompanying Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise price \| $ / shares	$ 2.9999
Placement Agent Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants to purchase of shares	116,666
Exercise price \| $ / shares	$ 3.75
Shares and pre-funded warrant percentage	7.00%
Public offering price percentage	125.00%
Warrant expire date	Feb. 03, 2030
Ffair value of Warrant \| $	$ 147,564
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate of shares	1,229,330	1,229,330
Common Stock [Member] \| Restricted Stock Units (RSUs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock vested restricted stock units		7,640
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise price \| $ / shares	$ 3.00

LICENSING AGREEMENTS (Details Narrative) - USD ($)		3 Months Ended
LICENSING AGREEMENTS (Details Narrative) - USD ($)	Nov. 07, 2024	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024
Licensing Agreements
Licensing fee		$ 2,565	$ 20,000	$ 21,437
Milestone payments	$ 62,000,000

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Future cash	$ 4,294,435	$ 2,241,026
Other Consulting and Vendor Agreements [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Future cash	$ 2,800,000

SUBSEQUENT EVENTS (Details Narrative) - USD ($)		3 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Apr. 09, 2025	Mar. 31, 2025
Subsequent Event [Line Items]
Aggregate offering price value		$ 4,244,467
Subsequent Event [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Aggregate offering price value	$ 1,854,151

Enveric Biosciences (NASDAQ:ENVB)
과거 데이터 주식 차트
부터 6월(6) 2025 으로 7월(7) 2025

Enveric Biosciences (NASDAQ:ENVB)
과거 데이터 주식 차트
부터 7월(7) 2024 으로 7월(7) 2025

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