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Stock Options (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Stock Options [Abstract]    
Schedule of Options Issued and Outstanding Options issued and outstanding as of December 31, 2022, and their activities during the year then ended are as follows:
   Number of
Underlying
Shares
   Weighted-
Average
Exercise
Price
Per Share
   Weighted-
Average
Contractual
Life
Remaining
in Years
   Aggregate
Intrinsic
Value
 
Outstanding as of January 1, 2022   1,825,184   $2.70             $
-
 
Granted   761,920    3.00           
Forfeited   
-
    
-
           
Outstanding as of December 31, 2022   2,587,104    2.79    8.74   $
-
 
Exercisable as of December 31, 2022   2,587,104    2.79    8.74   $
-
 
Vested and expected to vest   2,587,104   $2.79    8.74   $
-
 
Options issued and outstanding as of December 31, 2022, and their activities during the year then ended are as follows:
           Weighted-     
       Weighted-   Average     
       Average   Contractual     
   Number of   Exercise   Life   Aggregate 
   Underlying
Shares
   Price
Per Share
   Remaining
in Years
   Intrinsic
Value
 
Outstanding as of January 1, 2022   1,825,184   $2.70                             
Granted   761,920    3.00           
Forfeited   
-
    
-
           
Outstanding as of December 31, 2022   2,587,104    2.79    8.74   $- 
Exercisable as of December 31, 2022   2,587,104    2.79    8.74   $- 
Vested and expected to vest   2,587,104   $2.79    8.74   $- 
Schedule of Fair Value of Stock Options Granted The fair value of stock options granted for the year ended December 31, 2022 was calculated using the Black-Scholes option-pricing model applying the following assumptions:
   Year ended 
   December 31,
2022
 
Risk free interest rate   2.79%
Expected term (in years)   5.00 
Dividend yield   0%
Expected volatility   83.86%
The fair value of stock options granted for the years ended December 31, 2022 and 2021 was calculated using the Black-Scholes option-pricing model applying the following assumptions:
   Year ended
December 31
 
   2022   2021 
         
Risk free interest rate   2.79%   1.13%
Expected term (in years)   5.00    5.00 
Dividend yield   0%   0%
Expected volatility   83.86%   108.51%