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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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 September 30, 2022   365,447   $5.89    9 years   $19,200 
                     
Exercisable at September 30, 2022   93,085   $6.44    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 September 30, 2021   145,360   $5.61    8 years   $19,200 
                     
Exercisable at September 30, 2021   81,685   $6.71    8 years   $19,200