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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Estimated Values of Stock Option Grants Valuation Assumptions

 

   Grant Date
April 1, 2022
 
Risk-free interest rate   2.82%
Weighted average expected term   6 years 
Expected volatility   116.60%
Expected dividend yield   0.00%
Schedule of Stock Option Activity

A summary of stock option activity during the six months ended June 30, 2022 and 2021 is as follows:

 

           Weighted-    
       Weighted-   Average    
   Shares   Average   Remaining  Aggregate 
   Under   Exercise   Contractual  Intrinsic 
   Option   Price   Life  Value 
Outstanding at January 1, 2022   144,860   $5.61   8 years  $19,200 
Granted   220,587    6.08         
Outstanding at June 30, 2022   365,447   $5.89   9 years  $19,200 
                   
Exercisable at June 30, 2022   68,335   $7.32   7 years  $19,200 

 

           Weighted-    
       Weighted-   Average    
   Shares   Average   Remaining  Aggregate 
   Under   Exercise   Contractual  Intrinsic 
   Option   Price   Life  Value 
Outstanding at January 1, 2021   145,360   $5.61   9 years  $19,200 
                   
Outstanding at June 30, 2021   145,360   $5.61   9 years  $19,200 
                   
Exercisable at June 30, 2021   41,560   $9.34   7 years  $19,200