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Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2023

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 stock-based awards was estimated using the Black-Scholes model with the following weighted average assumptions for the three months ended March 31, 2023 and 2022:

Schedule of Share Based Payments Award Stock Options Valuation Assumptions 

		2023				2022
Dividend yield			0.0	%			0.00	%
Risk-free interest rate			4.05	%			0.95-1.65	%
Expected volatility			100.2	%			106.4-110.0	%
Expected life (in years)			5				5

Schedule of Stock Option Activity

Option activity for the three months ended March 31, 2023 and the year ended December 31, 2022 was as follows:

Schedule of Share Based Compensation Stock Option Activity 

		Options				Weighted Average Exercise Price ($)				Weighted Average Remaining Contractual Life (Yrs.)				Aggregate Intrinsic Value ($)
Options outstanding at December 31, 2021			1,395,882				4.24				3.89				-
Granted			487,473				2.50				4.43				-
Exercised			-				-				-				-
Forfeited or cancelled			(84,302	)			4.39				-				-
Options outstanding at December 31, 2022			1,799,053				3.76				3.30				-
Granted			433,665				0.58				4.83				-
Exercised			-				-				-				-
Forfeited or cancelled			(170,059	)			3.04				-				-
Options outstanding March 31, 2023			2,062,659				3.15				3.41				-
Options expected to vest in the future as of March 31, 2023			555,378				1.99				4.16				-
Options exercisable at March 31, 2023			1,507,281				3.58				3.14				-
Options vested, exercisable, and options expected to vest at March 31, 2023			2,062,659				3.15				3.41				-

Schedule of Warranty Activity

Warrant activity for the three months ended March 31, 2023 and the year ended December 31, 2022 was as follows:

Schedule of Warranty Activity

		Warrants				Weighted Average Exercise Price ($)				Weighted Average Remaining Contractual Life (Yrs.)
Warrants outstanding at December 31, 2021			3,987,931				6.10				2.10
Granted			-				-				-
Exercised			-				-				-
Forfeited or cancelled			(164,652	)			-				-
Warrants outstanding at December 31, 2022			3,823,279				4.66				1.19
Granted			1,490,896				0.58				2.87
Exercised			-				-				-
Forfeited or cancelled			-				-				-
Warrants outstanding at March 31, 2023			5,314,175				3.19				1.48

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 three months ended March 31, 2023 and March 31, 2022:

Schedule of Share Based Payments Award Stock Options Valuation Assumptions

		2023				2022
Dividend yield			-				0.00	%
Risk-free interest rate			-				0.82-1.65	%
Expected volatility			-				108.4-119.0	%
Expected life (in years)			-				5

Schedule of Stock Option Activity

SARs activity for the three months ended March 31, 2023 and the year ended December 31, 2022 was as follows:

Schedule of Stock Option Activity

		Options				Weighted Average Exercise Price ($)				Weighted Average Remaining Contractual Life (Yrs.)				Aggregate Intrinsic Value ($)
SARs outstanding at December 31, 2021			370,624				3.15				4.24				-
Granted			814,862				1.81				4.48				-
Exercised			-				-				-				-
Forfeited or cancelled			(27,699	)			2.91				-				-
SARs outstanding at December 31, 2022			1,157,787				2.21				4.11				-
Granted			-				-				-				-
Exercised			-				-				-				-
Forfeited or cancelled			(166,156	)			20.9				-				-
SARs outstanding March 31, 2023			991,631				2.23				3.86				-
SARs expected to vest in the future as of March 31, 2023			688,864				2.01				4.02				-
SARs exercisable at March 31, 2023			302,767				2.75				3.49				-
SARs vested, exercisable, and SARs expected to vest at March 31, 2023			991,631				2.23				3.86				-

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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.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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