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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Fair Value of Each Option Award Estimated Assumption

For stock options requiring an assessment of value during the nine months ended September 30, 2023, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model with the following assumptions:

 Schedule of Fair Value of Each Option Award Estimated Assumption

Risk-free interest rate			4.843	%
Expected dividend yield			0	%
Expected volatility			138.05	%
Expected life			4.0 years

For stock options requiring an assessment of value during the nine months ended September 30, 2022, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model with the following assumptions:

Risk-free interest rate			3.03	%
Expected dividend yield			0	%
Expected volatility			198.79	%
Expected life			3.6 years

Summmary of Stock-based Compensation Costs

A summary of stock-based compensation costs for the three months and nine months ended September 30, 2023 and 2022 is as follows:

 Summmary of Stock-based Compensation Costs

		2023				2022				2023				2022
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
Related parties		$	112,106			$	396,883			$	669,146			$	1,160,649
Non-related parties			—				—				—				—
Total stock-based compensation costs		$	112,106			$	396,883			$	669,146			$	1,160,649

Summary of Stock Option Activity Including Options Form of Warrants

A summary of stock option activity, including options issued in the form of warrants, during the nine months ended September 30, 2023 is as follows:

 Summary of Stock Option Activity Including Options Form of Warrants

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)
Stock options outstanding at December 31, 2022			389,479			$	29.1826
Granted			290,000				2.4920
Exercised			(1,250	)			5.0250
Expired			(3,333	)			16.800
Stock options outstanding at September 30, 2023			674,896			$	17.8197				4.96
Stock options exercisable at December 31, 2022			281,979			$	32.8335
Stock options exercisable at September 30, 2023			313,959			$	31.8997				1.93

Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants

The exercise prices of common stock options outstanding and exercisable, including options issued in the form of warrants, at September 30, 2023 are as follows:

 Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants

Exercise Prices				Options Outstanding (Shares)				Options Exercisable (Shares)
$	1.950				250,000				—
$	5.025				8,750				8,750
$	5.880				40,000				5,000
$	7.400				57,500				41,563
$	20.000				80,000				20,000
$	20.600				20,000				20,000
$	28.000				25,000				25,000
$	30.000				66,667				66,667
$	30.300				42,500				42,500
$	32.000				20,313				20,313
$	32.100				15,000				15,000
$	60.000				16,667				16,667
$	66.000				4,167				4,167
$	71.400				20,000				20,000
$	120.000				8,332				8,332
					674,896				313,959

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Tabular disclosure of share-based payment arrangement.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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 the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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