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Share-based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Information about Incentive Plan | The following table contains information about the 2019 Plan as of March 31, 2023: Schedule of Information about Incentive Plan
|  | Awards |  |  | Awards |  |  |  |  |  | Awards |
|  | Reserved for Issuance |  |  | Issued & Outstanding |  |  | Awards Exercised |  |  | Available for Grant |
2019 Plan(1) |  |  | 871,429 |  |  |  | 627,219 |  |  |  | 7,183 |  |  |  | 237,027 |
Awards granted outside of the 2019 Plan(2) |  |  | - |  |  |  | 37,037 |  |  |  | 11,364 |  |  |  | - |
(1) | Includes incentive stock options and restricted stock units discussed below.
(2) | Includes shares of restricted common stock granted outside of the 2019 Plan to our Chief Executive Officer, Adam Levy.
Schedule of Incentive Stock Option Activity | The following table summarizes the Company’s incentive stock option activity and related information for the period ended March 31, 2023: Schedule of Incentive Stock Option Activity
|  |  |  |  |  |  |  | Weighted |
|  |  |  |  | Weighted |  |  | Average |
|  |  |  |  | Average |  |  | Contractual |
|  | Number of |  |  | Exercise |  |  | Term in |
|  | Options |  |  | Price |  |  | Years |
Outstanding at January 1, 2023 |  |  | 524,937 |  |  | $ | 2.351416 |  |  |  | 8.38 |
Granted |  |  | 17,532 |  |  |  | 2.00 |  |  |  | 10.0 |
Exercised |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |
Cancelled |  |  | — |  |  |  | — |  |  |  | — |
Expired |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at March 31, 2023 |  |  | 542,469 |  |  | $ | 2.340058 |  |  |  | 8.20 |
Exercisable at March 31, 2023 |  |  | 351,398 |  |  | $ | 1.777947 |  |  |  | 7.42 |
Schedule of Assumptions used in Share-based Compensation | Schedule of Assumptions used in Share-based Compensation
Volatility |  |  | 257.64 | %
Risk-free interest rate |  |  | 4.21 | %
Dividend yield |  |  | 0.0 | %
Expected term |  |  | 5.50 years |
Schedule of Restricted Stock Units Granted | Schedule of Restricted Stock Units Granted
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  | Number of |  |  | Grant Date |
|  | Units |  |  | Fair Value |
Outstanding at January 1, 2023 |  |  | 90,432 |  |  | $ | 1.43 |
Granted |  |  | 37,037 |  |  |  | 1.35 |
Exercised and converted to common shares |  |  | (5,682 | ) |  |  | 4.40 |
Forfeited |  |  | — |  |  |  | — |
Outstanding at March 31, 2023 |  |  | 121,787 |  |  | $ | 1.68 |
Exercisable at March 31, 2023 |  |  | 30,466 |  |  | $ | 1.68 |
Summary of Common Stock Warrants | The following table shows a summary of common stock warrants through March 31, 2023: Summary of Common Stock Warrants
|  |  |  |  | Weighted |  |  | Weighted |
|  |  |  |  | Average |  |  | Average |
|  | Number of |  |  | Exercise |  |  | Contractual |
|  | Warrants |  |  | Price |  |  | Term in Years |
Outstanding at January 1, 2023 |  |  | 3,637,190 |  |  | $ | 5.16281 |  |  |  | 3.65 |
Granted |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | (30,430) |  |  |  | 0.69 |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |
Cancelled |  |  | (49,570) |  |  |  | 1.18 |  |  |  | — |
Expired |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at March 31, 2023 |  |  | 3,557,190 |  |  | $ | 5.256569 |  |  |  | 3.47 |
Exercisable at March 31, 2023 |  |  | 3,557,190 |  |  | $ | 5.256569 |  |  |  | 3.47 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- 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
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- 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
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
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