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Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity  
Common Stock Purchase Warrant Transactions

 

 

Number of Warrants

 

 

Exercise Prices

 

Balance December 31, 2020

 

 

426,788

 

 

$2.52-5.60

 

Issued

 

 

289,294

 

 

$5.60-7.00

 

Exercised

 

 

(46,615)

 

$2.52

 

Balance December 31, 2021

 

 

669,467

 

 

$2.52-7.00

 

Expired

 

 

(185,304)

 

$2.52-5.60

 

Exercised

 

 

(194,869)

 

$2.52-5.60

 

Balance December 31, 2022

 

 

289,294

 

 

$5.60-7.00

 

Warrant Expirations

Shares

 

 

Exercise Price

 

 

Expiration Date

 

 

235,722

 

 

$5.60

 

 

October 14, 2023

 

 

53,572

 

 

$7.00

 

 

November 12, 2023

 

 

289,294

 

 

 

 

 

 

 

 
fair value of stock option awards granted

 

 

February 11, 2021

 

March 15, 2021

 

October 20, 2021

 

September 6, 2022

 

September 28, 2022

 

Fair value

 

$604,572

 

$9,860

 

$473,143

 

$505,476

 

$41,799

 

Options issued

 

283,936

 

3,572

 

182,166

 

165,000

 

15,000

 

Exercise price

 

$5.60

 

$5.60

 

$5.60

 

$5.25

 

$4.75

 

Expected term (in years)

 

3.0

 

3.0

 

3.0

 

3.0

 

3.0

 

Risk-free rate

 

0.19%

 

0.33%

 

0.70%

 

3.55%

 

4.12%

 

Volatility

 

97.9%

 

99.3%

 

96.6%

 

89.3%

 

89.2%

 

Share-based Compensation, Stock Options, Activity

 

 

Number of Options

 

 

Weighted Average Exercise Prices

 

Balance December 31, 2020

 

 

150,000

 

 

$1.83

 

Granted

 

 

469,674

 

 

$5.53

 

Exercised

 

 

(101,786)

 

$1.87

 

Forfeited

 

 

(10,713)

 

$5.60

 

Balance December 31, 2021

 

 

507,175

 

 

$5.25

 

Granted

 

 

180,000

 

 

$5.21

 

Exercised

 

 

(116,078)

 

$4.31

 

Expired

 

 

(7,143)

 

$1.96

 

Forfeited

 

 

(28,001)

 

$5.56

 

Balance December 31, 2022

 

 

535,953

 

 

$5.47

 

 

 

 

 

 

 

 

 

 

Outstanding and exercisable at December 31, 2022

 

 

535,953

 

 

$5.47