Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? (Deficit) (Tables)

v3.23.2
Stockholders’ (Deficit) (Tables)
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
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     $ 15.76-1.48     $ 3.46       7.45  
Options Granted     307,343       1.96-1.52       1.83       10.00  
Exercised     —       —       —       —  
Expired/Cancelled     (29,213 )     5.80-2.16       3.76       —  
Options Outstanding at June 30, 2023     579,521     $ 14.00-1.48     $ 2.58       8.30  
                                 
Options Exercisable at June 30, 2023     236,584     $ 14.00-1.48     $ 3.24       6.76  
Schedule of weighted average fair value of options granted
               
    2023   2022
Weighted average fair value of options granted   $ 1.69     $ 4.45  
Risk-free interest rate
     3.41%-4.01 %     1.63% – 2.32 %
Volatility     195%-199 %     204% – 214 %
Expected life (years)     10 years       10 years  
Dividend yield   $ — %   $ — %
Schedule of non-vested Restricted stock units
               
    Total   Grant Date
Restricted Stock Units (RSU’s)   Shares   Fair Value
RSU’s non-vested at January 1, 2023     50,000     $ 1.48-3.23  
RSU’s granted     193,472     $ 1.61-2.33  
RSU’s vested     (25,000 )   $ 2.45-3.23  
RSU’s forfeited     —     $ —  
RSU’s non-vested June 30, 2023     218,472     $ 1.48-2.33