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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Compensation [Abstract]  
Schedule of Non-Vested Restricted Share As of September 30, 2024, non-vested restricted share units granted on August 22, 2023 are as follows:
Non-vested share units as of August 22, 2023 
 
 
Granted   40,000 
Vested   (20,000)
Forfeited   
-
 
Non-vested share units as of December 31, 2023   20,000 
Vested   (20,000)
Non-vested share units as of September 30, 2024   
-
 
Schedule of Stock-Based Compensation Plans Stock option activity under the Company’s stock-based compensation plans is shown below:
   Number of
Shares
   Average
Exercise
Price
per Share
   Aggregate
Intrinsic
Value*
   Weighted Average
Remaining
Contractual
Term in Years
 
                 
Outstanding at January 1, 2024   3,314,128   $1.30   $
    -
    4.3 
Exercisable at January 1, 2024   546,338   $1.96   $
-
    3.7 
                     
Granted   
-
    
-
    
-
    
-
 
Exercised   
-
    
-
    
-
    
-
 
Forfeited   (84,000)   0.98    
-
    
-
 
Outstanding at September 30, 2024   3,230,128   $1.37   $
-
    3.6 
Exercisable at September 30, 2024   1,042,458   $1.5   $
-
    3.4 
*The intrinsic value of the stock options at September 30, 2024 is the amount by which the market value of the Company’s common stock of $1.25 as of September 30, 2024 exceeds the average exercise price of the option. As of September30, 2024, the intrinsic value of the outstanding and exercisable stock options was nil.