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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Options Outstanding | Information with respect to options outstanding is summarized as follows (in dollars): Schedule of Options Outstanding
|  |  |  |  | Weighted |  |  | Aggregate |
|  | Number of |  |  | Average |  |  | Intrinsic |
|  | Options |  |  | Exercise Price |  |  | Value |
Outstanding as of December 31, 2022 |  |  | 1,031,000 |  |  | $ | 1.00 |  |  | $ | 3,609 |
Granted |  |  | - |  |  |  | - |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |
Cancelled |  |  | (225,000 | ) |  |  | 1.00 |  |  |  |  |
Outstanding as of September 30, 2023 |  |  | 806,000 |  |  | $ | 1.00 |  |  | $ | 6,165 |
Vested and exercisable as of September 30, 2023 |  |  | 683,341 |  |  | $ | 1.00 |  |  | $ | 4,086 |
Vested and expected to vest at September 30, 2023 |  |  | 806,000 |  |  | $ | 1.00 |  |  | $ | 6,165 |
Schedule of Fair Value of Stock Options | Schedule of Fair Value of Stock Options
|  | September 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Risk-free interest rate |  |  | 0.00 | % |  |  | 0.73% - 2.96% |
Expected dividend yield |  |  | - |  |  |  | - |
Expected term in years |  |  | - |  |  |  | 1.36 - 1.85 |
Expected volatility |  |  | 0.00 | % |  |  | 50.0% - 86.3% |
Schedule of Restricted Stock Award Activity | Schedule of Restricted Stock Award Activity
|  |  |  |  | Weighted |
|  | Number of |  |  | Average Grant |
|  | Awards |  |  | Date Fair Value |
Nonvested at December 31, 2021 |  |  | - |  |  | $ | - |
Granted |  |  | 400,000 |  |  |  | 1.48 |
Vested |  |  | (200,000 | ) |  |  | 1.48 |
Nonvested at December 31, 2022 |  |  | 200,000 |  |  | $ | 1.48 |
Granted |  |  | 100,000 |  |  |  | 7.21 |
Vested |  |  | (300,000 | ) |  |  | 3.39 |
Nonvested at September 30, 2023 |  |  | - |  |  | $ | - |
Schedule of Stock-based Compensation Expense | The Company recorded stock-based compensation expense in the following categories on the accompanying consolidated statements of operations for the periods presented (in thousands): Schedule of Stock-based Compensation Expense
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Research and development |  | $ | 16 |  |  | $ | 261 |  |  | $ | 432 |  |  | $ | 377 |
General and administrative |  |  | 782 |  |  |  | 90 |  |  |  | 1,014 |  |  |  | 1,109 |
Total stock-based compensation expense |  | $ | 798 |  |  | $ | 351 |  |  | $ | 1,446 |  |  | $ | 1,486 |

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- Definition Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -SubTopic 10 -Name Accounting Standards Codification -Section 30 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483043/710-10-30-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482943/710-10-55-8 + Details
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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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -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 Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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