XML 39 R25.htm IDEA: XBRL DOCUMENT v3.24.0.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2023
Stockholders' Equity [Abstract]  
Schedule of Black-Scholes Pricing Model to Estimate the Fair Value The following table summarizes the assumptions used in the Black-Scholes pricing model to estimate the fair value of the options granted during the years ended:
   December 31, 
   2023   2022 
Expected volatility   155 – 161%   173 – 182%
Expected life of option   5.2 – 6.2    5.2 – 6.2 
Risk free interest rate   4.26%   2.53%
Expected dividend yield   0.0%   0.0%
Schedule of Stock Option Activity The following tables summarize stock option activity during the year ended December 31, 2023:
       Weighted 
       Average 
   Number of   Exercise 
   Options   Price 
Outstanding at January 1, 2023   622,074   $3.71 
Granted   149,000   $1.89 
Exercised during period   
-
    
-
 
Forfeited or canceled, during the period   (26,270)  $1.77 
Expired, during the period   (3,990)  $21.60 
Outstanding at December 31, 2023   740,814   $3.32 
Exercisable at December 31, 2023   550,164   $3.72 
Schedule of Stock-Based Compensation Expense Stock-based compensation expense for the Company’s stock options included in the consolidated statements of operations was as follows:
   Years Ended 
   December 31, 
   2023   2022 
Cost of revenue  $11,750   $19,500 
Sales and marketing expense   2,004    2,056 
Product development expense   29,946    24,748 
General and administrative expense   191,293    287,521 
Total stock-based compensation expense  $234,993   $333,825