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Capital Structure (Tables)

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Schedule of weighted average valuation

		Warrants				Expense				Grant date fair value
Grant Date		Granted				Recorded				Per Warrant
January 31, 2021			40,000			$	73,595			$	1.84
February 28, 2021			40,000				76,318				1.91
March 31, 2021			40,000				63,010				1.58
			120,000				212,923				1.77

Schedule of outstanding stock warrants

				Common				Series 2 Preferred				Weighted Average
Exercise				Stock Warrants				Stock Warrants				Remaining
Price				Outstanding				Outstanding				Contractual Life
$	1.25				1,055,184							1 year
$	1.25				160,000							1 year
$	1.34				40,000							1 year
$	1.40				40,000							1 year
$	1.54				40,000							1 year
$	1.62				40,000							1 year
$	1.68				40,000							3 years
$	1.69				40,000							1 year
$	1.74				40,000							1 year
$	1.76				40,000							1 year
$	1.91				40,000							1 year
$	1.95				40,000							3 years
$	2.00				40,000							1 year
$	2.01				40,000							1 year
$	2.08				40,000							3 years
$	2.45				40,000							1 year
$	2.53				40,000							1 year
$	2.57				40,000							3 years
$	2.70				40,000							4 years
$	2.78				40,000							1 year
$	2.79				40,000							4 years
$	2.89				40,000							4 years
$	2.93				40,000							1 year
$	2.97				40,000							4 years
$	3.09				40,000							4 years
$	3.17				40,000							4 years
$	3.19				40,000							4 years
$	3.27				40,000							4 years
$	1,250								439	*		1 year
					2,255,184				439

(*) At March 31, 2022, these warrants were convertible into 116,903 shares of common stock

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- Definition

Schedule of weighted average valuation.

+ References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

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