XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.24.1

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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 year ended December 31, 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 year ended December 31, 2022, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model with the following assumptions: For stock options requiring an assessment of value during the year ended December 31, 2022, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model utilizing the following assumptions:
Risk-free interest rate |  |  | 3.03% to 3.63 | %
Expected dividend yield |  |  | 0 | %
Expected volatility |  |  | 128.03% to 153.17 | %
Expected life |  |  | 3.5 to 5 years |
Summary of Stock-based Compensation Costs | A summary of stock-based compensation costs for the years ended December 31, 2023 and 2022 is as follows: Summary of Stock-based Compensation Costs
|  | 2023 |  |  | 2022 |
|  | Years Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Related parties |  | $ | 773,203 |  |  | $ | 1,502,776 |
Non-related parties |  |  | — |  |  |  | 43,264 |
Total stock-based compensation costs |  | $ | 773,203 |  |  | $ | 1,546,040 |
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 years ended December 31, 2023 and 2022 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, 2021 |  |  | 266,667 |  |  | $ | 37.380 |  |  |  |  |
Granted |  |  | 165,000 |  |  |  | 13.370 |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  |  |
Expired |  |  | (42,188 | ) |  |  | 19.160 |  |  |  |  |
Stock options outstanding at December 31, 2022 |  |  | 389,479 |  |  |  | 29.183 |  |  |  |  |
Granted |  |  | 290,000 |  |  |  | 2.492 |  |  |  |  |
Exercised |  |  | (1,250 | ) |  |  | 5.025 |  |  |  |  |
Expired |  |  | (126,146 | ) |  |  | 28.687 |  |  |  |  |
Stock options outstanding at December 31, 2023 |  |  | 552,083 |  |  | $ | 15.330 |  |  |  | 3.84 |
Stock options exercisable at December 31, 2022 |  |  | 281,979 |  |  | $ | 32.834 |  |  |  |  |
Stock options exercisable at December 31, 2023 |  |  | 252,292 |  |  | $ | 28.387 |  |  |  | 2.89 |
Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants | At December 31, 2023, the outstanding common stock options,, including options issued in the form of warrants, are exercisable at the following prices per common share: 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 |  |  |  | 20,833 |
$ | 5.025 |  |  |  | 8,750 |  |  |  | 8,750 |
$ | 5.880 |  |  |  | 40,000 |  |  |  | 10,000 |
$ | 7.400 |  |  |  | 55,000 |  |  |  | 44,376 |
$ | 20.000 |  |  |  | 65,000 |  |  |  | 35,000 |
$ | 20.600 |  |  |  | 20,000 |  |  |  | 20,000 |
$ | 28.000 |  |  |  | 25,000 |  |  |  | 25,000 |
$ | 30.300 |  |  |  | 30,000 |  |  |  | 30,000 |
$ | 32.100 |  |  |  | 10,000 |  |  |  | 10,000 |
$ | 60.000 |  |  |  | 16,667 |  |  |  | 16,667 |
$ | 66.000 |  |  |  | 3,333 |  |  |  | 3,333 |
$ | 71.400 |  |  |  | 20,000 |  |  |  | 20,000 |
$ | 120.000 |  |  |  | 8,333 |  |  |  | 8,333 |
|  |  |  |  | 552,083 |  |  |  | 252,292 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration