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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity

A summary of stock option activity during the three months ended March 31, 2024 and 2023 is as follows:

 

           Weighted-    
       Weighted-   Average    
   Shares   Average   Remaining  Aggregate 
   Under   Exercise   Contractual  Intrinsic 
   Option   Price   Life  Value 
Outstanding at January 1, 2024   357,887   $5.69   8 years  $       - 
Forfeited   (5,000    4.00         
                   
Outstanding at March 31, 2024   357,887   $5.69   7 years  $- 
                   
Exercisable at March 31, 2024   186,594   $5.60   7 years  $- 

 

 

           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