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Warrants (Tables)
12 Months Ended
Dec. 31, 2022
Warrants and Rights Note Disclosure [Abstract]  
Schedule of warrant activity The following table summarizes the changes in the Company's outstanding warrants during the years ended December 31, 2022 and December 31, 2021:
Warrants Outstanding Number of
Shares
Exercise Prices
Per Share
Weighted Average Remaining
Contractual Life
Weighted Average Exercise Price Per
Share
Balance at December 31, 20214,551,197
$ 2.10 - 53.00
4.77$22.66 
Granted$– $– 
Exercised$– $– 
Expired(67,604)
$ 33.00 - 53.00
$39.34 
Forfeitures(50,000)$13.90 $13.90 
Balance at December 31, 20224,433,593
$ 2.10 - 30.00
3.37$22.50 
Exercisable December 31, 20224,433,593
$ 2.10 - 30.00
3.37$22.50 
Exercisable December 31, 20214,451,197
$ 2.10 - 53.00
4.77$22.66 
Schedule of assumptions for warrant activity
The fair value of the outstanding derivative warrants was determined by using the Black-Scholes option pricing model ("BSM") based on the following assumptions:
Exercise Price$2.10 
Dividend Yield– %
Volatility95 %
Risk-free interest rate4.37 %
Expected life of options2.2 years