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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense
   2022   2021 
Stock Options  $28,730    
-
 
Restricted Stock   89,962    
-
 
    118,692    
-
 

 

Schedule of Black-Scholes option pricing model
Risk-free interest rate  1.335%
Expected term  5.5-6.25 years
Expected volatility  102.33%
Expected dividends  0%

  

Schedule of option activity
Options  Shares   Weighted
Average
Exercise
Price
   Aggregate
Intrinsic
Value
 
Outstanding at January 1, 2021   
-
    
-
    
-
 
Granted   
-
    
-
    
-
 
Forfeited or Expired and Other Adj   
-
    
-
    
-
 
Outstanding at March 31, 2021   
-
    
-
    
-
 
Exercisable at March 31, 2021   
-
    
-
    
-
 
                
Outstanding at January 1, 2022   1,603,000   $4.15   $3,045,700 
Granted   61,000   $1.80    (2,820)
Forfeited or Expired and Other Adj   (22,000)  $4.15    52,800 
Outstanding at March 31, 2022   1,642,000   $4.06   $(3,797,220)
Exercisable at March 31, 2022   75,256   $3.97   $(167,318)

 

Schedule of restricted stock activity

Restricted Stock

  Time-Based 
Outstanding at January 1, 2021   
-
 
Granted   
-
 
Vested   
-
 
Forfeited   
-
 
Outstanding at March 31, 2021   
-
 
      
Outstanding at January 1, 2022   154,960 
Granted   125,000 
Vested   (56,263)
Forfeited   
-
 
Outstanding at March 31, 2022   223,697