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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense
   2022   2021 
Stock Options  $55,776    - 
Restricted Stock   111,207    - 
    166,983    - 

 

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 June 30, 2021   -    -    - 
Exercisable at June 30, 2021   -    -    - 
                
Outstanding at January 1, 2022   1,603,000   $4.15   $3,045,700 
Granted   61,000   $1.80    (8,310)
Forfeited or Expired and Other Adj   (26,000)  $4.15    64,740 
Outstanding at June 30, 2022   1,638,000   $4.06   ($3,935,040)
Exercisable at June 30, 2022   94,850   $4.06   ($227,333)

 

Schedule of restricted stock activity
Restricted Stock 

 

Time-Based

 
Outstanding at January 1, 2021   - 
Granted   - 
Vested   - 
Forfeited   - 
Outstanding at June 30, 2021   - 
      
Outstanding at January 1, 2022   154,960 
Granted   71,083 
Vested   (113,888)
Forfeited   (1,250)
Outstanding at June 30, 2022   110,905