Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? (Deficit) (Tables)

v3.23.1
Stockholders’ (Deficit) (Tables)
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Schedule of option activity and related information
Schedule of option activity and related information                
    Number of     Weighted   Weighted
    Shares Range of   Average   Average
    Under Option Price   Exercise   Contractual
    Options Per Share   Price   Life
Options Outstanding at January 1, 2023     301,391      $ 1.48 – 15.76     $ 3.46       7.45  
Options Granted     243,605       1.52 – 1.96       1.77       10.00  
Exercised     —       —       —       —  
Expired/Cancelled     (29,213 )   2.16 – 5.80       3.76       —  
Options Outstanding at March 31, 2023     515,783     $ 1.48 - 14.00     $ 2.65       8.36  
                                 
Options Exercisable at March 31, 2023     166,352      $ 1.48 - 14.00     $ 3.69       5.76  
Schedule of weighted average fair value of options granted
                 
    2023   2022
Weighted average fair value of options granted   $ 1.77     $ 3.30    
Risk-free interest rate     3.48% – 4.01 %     1.63% – 2.32 %  
Volatility     196% – 199 %     212% – 214 %  
Expected life (years)     10 years       10 years    
Dividend yield   $ — %   $ — %  
Schedule of non-vested Restricted stock units
               
    Total   Grant Date
Restricted Stock Units (RSUs)   Shares   Fair Value
RSUs non-vested at January 1, 2023   50,000     $ 1.48 - 3.23  
RSUs granted   130,972     $ 1.61 – 1.82  
RSUs vested     (12,500 )   $ 3.23  
RSUs forfeited     —     $ —  
RSUs non-vested March 31, 2023   168,472     $ 1.48 – 2.45