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Equity Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of stock-based compensation expense

		Year Ended December 31,
		2022				2021
Stock options		$	997,830			$	1,125,819
Performance share units (“PSU”)			-				-
Total stock-based compensation		$	997,830			$	1,125,819

Schedule of measured the fair value of each stock option award on the date of grant using the black-scholes-merton

		Year ended December 31, 2022				Year ended December 31, 2021
Exercise price		$	1.45			$	2.52
Expected life			6 years				5 years
Expected volatility			71	%			91	%
Dividend yield			0	%			0	%
Risk-free interest rate			2.25	%			0.57	%

Schedule of stock option

		Number of options				Weighted average exercise price				Weighted average contractual term (years)				Aggregate intrinsic value
Outstanding at January 1, 2022			3,080,904			$	2.06							$	1,923,642
Granted			1,179,183				1.45								-
Exercised			(308,526	)			0.85								480,029
Forfeited			(7,333	)			2.22								2,273
Expired			(25,000	)			1.70								-
Outstanding at December 31, 2022			3,919,228			$	1.97				6.78			$	52,223
Vested and exercisable at December 31, 2022			3,152,169			$	2.02				6.52			$	52,223
Outstanding at January 1, 2021			2,595,700			$	1.92							$	2,491,026
Granted			626,238				2.52								74,482
Exercised			(82,333	)			0.83								151,544
Forfeited			(58,701	)			2.65								58,285
Outstanding at December 31, 2021			3,080,904			$	2.06				6.72			$	1,923,642
Vested and exercisable at December 31, 2021			2,307,571			$	2.04				6.87			$	1,674,967

Schedule of activity in performance share units

		Number of performance share units				Weighted average grant date fair value
Non- vested at January 1, 2022			-				-
Granted			790,327			$	1.53
Forfeited/ unearned			-				-
Vested			-				-
Non- vested at December 31, 2022			790,327			$	1.53

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The table of of stock-based compensation expense.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

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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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