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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024, 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			3.550% to 4.290	%
Expected dividend yield			0	%
Expected volatility			125.59% to 126.45	%
Expected life			2.5 to 3.5 years

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:

Risk-free interest rate			4.565% to 4.843	%
Expected dividend yield			0	%
Expected volatility			138.05	%
Expected life			4.0 years

Summary of Stock-based Compensation Costs

A summary of stock-based compensation costs for the three months and nine months ended September 30, 2024 and 2023 is as follows:

 Summary of Stock-based Compensation Costs

		2024				2023				2024				2023
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2024				2023				2024				2023
Related parties		$	106,827			$	112,106			$	340,445			$	669,146
Non-related parties			—				—				—				—
Total stock-based compensation costs		$	106,827			$	112,106			$	340,445			$	669,146

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, 2024 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, 2023			552,083			$	15.330
Granted			92,815				2.259
Exercised			—				—
Expired			(21,666	)			42.461
Stock options outstanding at September 30, 2024			623,232			$	12.441				3.36
Stock options exercisable at December 31, 2023			252,292			$	28.387
Stock options exercisable at September 30, 2024			372,815			$	18.305				2.87

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

At September 30, 2024, 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)
$	1.870				21,217				21,217
$	1.950				250,000				83,333
$	2.370				56,598				21,598
$	2.390				15,000				1,250
$	5.025				8,750				8,750
$	5.880				40,000				25,000
$	7.400				55,000				55,000
$	20.000				55,000				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				8,333				8,333
$	71.400				20,000				20,000
$	120.000				8,334				8,334
					623,232				372,815

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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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