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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 | %

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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