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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity during the three months ended March 31, 2023 and 2022 is as follows:

 

           Weighted-     
       Weighted-   Average     
   Shares   Average   Remaining   Aggregate 
   Under   Exercise   Contractual   Intrinsic 
   Option   Price   Life   Value 
Outstanding at January 1, 2023   365,447   $5.89    8 years   $19,200 
Forfeited   (5,000)   4.00           
Outstanding at March 31, 2023   360,447   $5.92    8 years   $19,200 
                     
Exercisable at March 31, 2023   92,860   $6.50    7 years   $19,200 

 

 

           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 
                     
Outstanding at March 31, 2022   144,860   $5.61    8 years   $19,200 
                     
Exercisable at March 31, 2022   68,335   $7.32    7 years   $19,200