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Stock Compensation Plan (Tables) | 6 Months Ended
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Jun. 30, 2023
Stock Compensation Plan |
Schedule of company's stock options |
|  | Number of Options |  |  | Weighted- Average Exercise Price per Share |  |  | Weighted Average Remaining Contractual Term (in Years) |  |  | Aggregate Intrinsic Value |
Outstanding as of December 31, 2022 |  |  | 2,901,000 |  |  | $ | 1.91 |  |  |  | 9.4 |  |  | $ | 199,500 |
Granted |  |  | - |  |  | $ | - |  |  |  |  |  |  |  |  |
Forfeited |  |  | (50,000 | ) |  | $ | 0.25 |  |  |  |  |  |  |  |  |
Outstanding as of June 30, 2023 |  |  | 2,851,000 |  |  | $ | 1.91 |  |  |  | 8.9 |  |  | $ | 47,700 |
Exercisable as of June 30, 2023 |  |  | 1,285,025 |  |  | $ | 1.89 |  |  |  | 8.8 |  |  | $ | 26,500 |
Vested or expected to vest as of June 30, 2023 |  |  | 2,851,000 |  |  | $ | 1.91 |  |  |  | 8.9 |  |  | $ | 47,700 |
Schedule of summarizes vesting of restricted common stock |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value Per Share |
Unvested as of December 31, 2022 |  |  | 7,000,000 |  |  | $ | 1.75 |
Granted |  |  | 1,256,750 |  |  | $ | 1.80 |
Vested |  |  | (1,389,188 | ) |  | $ | 1.72 |
Unvested as of June 30, 2023 |  |  | 6,867,562 |  |  | $ | 1.66 |
Schedule of stock-based compensation expense |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
General and administrative |  | $ | 2,281,277 |  |  | $ | 187,057 |  |  | $ | 4,332,985 |  |  | $ | 207,860 |
Research and development |  |  | 93,409 |  |  |  | 23,688 |  |  |  | 185,800 |  |  |  | 23,688 |
Total |  | $ | 2,374,686 |  |  | $ | 210,745 |  |  | $ | 4,518,785 |  |  | $ | 231,548 |

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