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Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Information about Incentive Plan

The following table contains information about the 2019 Plan as of December 31, 2022:

Schedule of Information about Incentive Plan 

		Awards												Awards
		Reserved for				Awards				Awards				Available for
		Issuance				Issued				Exercised				Grant
2019 Plan(1)			571,429				564,246				7,183				-
Awards issued in excess of 2019 Plan			-				45,441				-				-
Total			571,429				609,687				7,183				-

⁽¹⁾ includes incentive stock options and restricted stock units discussed below.

Schedule of Incentive Stock Option Activity

The following table summarizes the Company’s incentive stock option activity and related information for the years ended December 31, 2022 and 2021.

Schedule of Incentive Stock Option Activity

										Weighted
						Weighted				Average
						Average				Contractual
		Number of				Exercise				Term in
		Options				Price				Years
Outstanding at January 1, 2021			387,318			$	1,124418				9.32
Granted			90,478				3.960526				10.00
Exercised			(7,183	)			1.75				—
Forfeited			—				—				—
Cancelled			(28,571	)			1.40				—
Expired			(7,103	)			1.75				—
Outstanding at December 31, 2021			434,939			$	1.678955				8.56
Granted			195,000			$	3.3461538				10.00
Exercised			—-				—				—
Forfeited			—				—				—
Cancelled			(100,001	)			1.40000				—
Expired			(5,001	)			1.40000				—
Outstanding at December 31, 2022			524,937			$	2.351416				8.38
Exercisable at December 31, 2022			379,937			$	1.777020				7.86

Schedule of Assumptions used in Share-based Compensation

 Schedule of Assumptions used in Share-based Compensation

			2022			2021
Volatility			277.84	%			171.12%-183.48	%
Risk-free interest rate			4.06	%			0.46% - 0.86	%
Dividend yield			0.0	%			0.0	%
Expected term			5.0 years				5.0-5.75 years

Schedule of Restricted Stock Units Grant

Schedule of Restricted Stock Units Grant 

						Weighted
						Average
		Number of				Grant Date
		Units				Fair Value
Outstanding at December 31, 2020			39,524			$	2.10
Granted			—				—
Exercised and converted to common shares			(39,524	)			2.10
Forfeited			—				—
Outstanding at December 31, 2021			—				—
Granted			96,114				1.61
Exercised and converted to common shares			(5,682	)			4.40
Forfeited			—				—
Outstanding at December 31, 2022			90,432			$	1.43
Exercisable at December 31, 2022			5,682			$	4.40

Summary of Common Stock Warrants

The following table shows a summary of common stock warrants for the years ended December 31, 2022 and 2021.

Summary of Common Stock Warrants 

						Weighted				Weighted
						Average				Average
		Number of				Exercise				Contractual
		Warrants				Price				Term in Years
Outstanding at December 31, 2020			210,500			$	0.85938				2.54
Granted			3,426,690			$	5.42717				4.98
Exercised			—				—				—
Forfeited			—				—				—
Cancelled			—				—				—
Expired			—				—				—
Outstanding at December 31, 2021			3,637,190			$	5.16281				4.63
Granted			—				—				—
Exercised			—				—				—
Forfeited			—				—				—
Cancelled			—				—				—
Expired			—				—				—
Outstanding at December 31, 2022			3,637,190			$	5.16281				3.65
Exercisable at December 31, 2022			3,637,190			$	5.16281				3.65

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