XML 48 R34.htm IDEA: XBRL DOCUMENT v3.24.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2023
Stockholders’ Equity [Abstract]  
Schedule of Assumptions Used in the Black-Scholes Model The assumptions used in the Black-Scholes Model are set forth in the table below.
   December 31,
2023
 
Stock price  $1.14-2.00 
Risk-free interest rate   4.09-4.70% 
Volatility   50.64-55.34% 
Expected life in years   0.12-5.00 
Dividend yield   0.00% 
   2023   2022 
Stock price  $1.24 – $2.06   $3.81 – $6.55 
Risk-free interest rate   3.61 – 4.82%    1.82 – 3.95% 
Volatility   49.83 – 58.92%    46.42 – 48.96% 
Expected life in years   0.12 – 6.25    5.80 – 6.30 
Dividend yield   0.00%    0.00% 

  

Schedule of Warrants Activity A summary of our Warrants activity and related information follows:
    Number of Shares Under Warrant     Weighted Average Exercise Price     Weighted
Average
Remaining
Contractual
Life
 
Balance as of January 1, 2022     3,305,854     $ 8.53       5.20  
Expired     (1,404,052 )   $ 9.75          
Balance as of December 31, 2022     1,901,802     $ 7.63       7.47  
Granted     10,786,440     $ 1.38          
Expired     (122,150 )   $ 12.35          
Balance as of December 31, 2023     12,566,092     $ 2.22       4.71  
Schedule of Stock Option Activity A summary of our Option activity and related information follows:
   Number of Shares Under Option   Weighted Average Exercise Price   Weighted
Average
Remaining
Contractual
Life
 
Balance as of January 1, 2022   687,448   $6.79    8.20 
Granted   2,094,000   $5.17      
Exercised   (31,057)  $2.09      
Forfeited   (168,105)  $2.77      
Canceled   (170,000)  $6.43      
Balance as of December 31, 2022   2,412,286   $5.77    7.58 
Granted   3,451,321   $3.63      
Exercised   (89,042)  $0.49      
Forfeited   (673,292)  $3.90      
Canceled   (246,766)  $6.03      
Balance as of December 31, 2023   4,854,507   $4.59    7.34 
Vested and Exercisable as of December 31, 2023   2,118,648   $6.62    5.19 
Schedule of Stock-Based Compensation Expense for Stock Options Total stock-based compensation expense for stock options for the years ended December 31, 2023 and 2022 is as follows:
   Years Ended
December 31,
 
   2023   2022 
General and administrative  $343,371   $536,269 
Sales and marketing   523,798    509,789 
Research and development   223,513    720,554 
Cost of goods sold   50,341    - 
Total stock-based expense related to options  $1,141,023   $1,766,612 
Total stock-based compensation expense for RSUs for the years ended December 31, 2023 and 2022 is as follows:
   Years Ended
December 31,
 
   2023   2022 
General and administrative  $(152,814)  $3,259,648 
Sales and marketing   90,899    24,632 
Research and development   (31,710)   806,543 
Total stock-based expense related to RSUs  $(93,625)  $4,090,823 
Schedule of Restricted Stock Unit Activity A summary of our RSUs activity and related information follows:
   RSUs   Weighted Average Grant Date Fair Value   Weighted
Average
Vesting Period (Years)
 
Unvested balance at January 1, 2022   1,431,922   $12.12    2.5 
Granted   190,860   $2.52      
Vested   (512,755)  $8.06      
Canceled   -   $-      
Unvested balance at December 31, 2022   1,110,027   $6.89    1.52 
Granted   722,682   $0.66      
Vested   (823,143)  $5.00      
Canceled   (455,100)   7.41      
Unvested balance at December 31, 2023   554,466   $1.14    0.66