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Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Share Based Payments Award Stock Options Valuation Assumptions

 

Assumptions:

 

   2022   2021 
Dividend yield   0.00%   0.00%
Risk-free interest rate   0.95-1.65 %   0.19-0.32 %
Expected volatility   106.4-110.0 %   116.8-123.8 %
Expected life (in years)   5    5 
Schedule of Stock Option Activity

Option activity for the six months ended June 30, 2022 and the year ended December 31, 2021 was as follows:

 

   Options   Weighted Average Exercise Price ($)   Weighted Average Remaining Contractual Life (Yrs.)   Aggregate Intrinsic Value ($) 
                 
Options outstanding at December 31, 2020   713,010    5.15    4.40    477,802 
Granted   698,831    3.29    4.39    46,800 
Exercised   (5,204)   2.50    -    - 
Forfeited or cancelled   (10,755)   3.49    -    - 
Options outstanding at December 31, 2021   1,395,882    4.24    3.89    - 
Granted   162,000    2.50    4.69    - 
Exercised   -    -    -    - 
Forfeited or cancelled   (29,245)   4.54    -    - 
Options outstanding June 30, 2022   1,528,637    4.05    3.53    - 
Options expected to vest in the future as of June 30, 2022   436,963    3.26    3.88    - 
Options exercisable at June 30, 2022   1,091,674    4.37    3.39    - 
Options vested, exercisable, and options expected to vest at June 30, 2022   1,528,637    4.05    3.53    - 
Schedule of Warranty Activity

Warrant activity for the six months ended June 30, 2022 and the year ended December 31, 2021 was as follows:

   Warrants   Weighted Average Exercise Price ($)   Weighted Average Remaining Contractual Life (Yrs.) 
Warrants outstanding at December 31, 2020   1,881,429    7.57    4.16 
Granted   2,602,143    4.36    1.63 
Exercised   (495,641)   2.59    4.13 
Forfeited or cancelled   -    -    - 
Warrants outstanding at December 31, 2021   3,987,931    6.10    2.10 
Granted   -    -    - 
Exercised   -    -    - 
Forfeited or cancelled   (162,150)   40.00    - 
Warrants outstanding at June 30, 2022   3,825,781    4.66    1.69 
Stock Appreciation Rights [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Share Based Payments Award Stock Options Valuation Assumptions

The fair value of SAR awards was estimated using the Black-Scholes model with the following weighted-average assumptions for the six months ended June 30, 2022 and the year ended December 31, 2021:

 

Assumptions:

 

   2022   2021 
Dividend yield   0.00%   0.00%
Risk-free interest rate   0.82-1.65 %    0.39-0.40 %
Expected volatility   108.4-119.0 %   123.0%
Expected life (in years)   5    5 
Schedule of Stock Option Activity

SARs activity for the six months ended June 30, 2022 and the year ended December 31, 2021 was as follows:

 

   Options   Weighted Average Exercise Price ($)   Weighted Average Remaining Contractual Life (Yrs.)   Aggregate Intrinsic Value ($) 
              -      
SARs outstanding at December 31, 2020   127,679    2.61    4.52    97,919 
Granted   242,945    3.43    4.61    - 
Exercised   -    -    -    - 
Forfeited or cancelled   -    -    -    - 
SARs outstanding at December 31, 2021   370,624    3.15    4.24    - 
Granted   45,033    2.33    4.61    - 
Exercised   -    -    -    - 
Forfeited or cancelled   -    -    -    - 
SARs outstanding June 30, 2022   415,657    3.06    3.83    - 
SARs expected to vest in the future as of June 30, 2022   297,674    3.24    4.02    - 
SARs exercisable at June 30, 2022   117,983    2.62    3.37    - 
SARs vested, exercisable, and SARs expected to vest at June 30, 2022   415,657    3.06    3.83    -