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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Numerator for Basic and Diluted Net Loss Per Share

The numerator for basic and diluted net loss per share is as follows for the three and six months ended June 30, 2023 and 2022:

 

 Schedule of Numerator for Basic and Diluted Net Loss Per Share

   2023   2022   2023   2022 
   Three Months Ended   Six Months Ended 
   2023   2022   2023   2022 
Net loss  $(4,429,528)  $(1,890,153)  $(6,886,707)  $(4,216,170)
Dividends on preferred stock   (643,267)   (692,246)   (1,355,347)   (1,384,492)
Net loss attributable to common shareholders  $(5,072,795)  $(2,582,399)  $(8,242,054)  $(5,600,662)
Schedule of Numerator for Basic and Diluted Weighted Average Common Stock Outstanding

The denominator is as follows for the three and six months ended June 30, 2023 and 2022:

 

 Schedule of Numerator for Basic and Diluted Weighted Average Common Stock Outstanding

   Three Months Ended   Six Months Ended 
   2023   2022   2023   2022 
Weighted average common
stock outstanding, basic and diluted
   2,137,207    1,043,988    1,593,617    1,043,870 
$0.01 warrants   10,319    11,466    10,893    11,466 
Total   2,147,526    1,055,454    1,604,510    1,055,336 
Schedule of Net Loss Per Share, Basic and Diluted

Net loss per share, basic and diluted is as follows for the three and six months ended June 30, 2023 and 2022:

 

 Schedule of Net Loss Per Share, Basic and Diluted

   Three Months Ended   Six Months Ended 
   2023   2022   2023   2022 
Net loss per share, basic and diluted  $(2.36)  $(2.45)  $(5.14)  $(5.31)
Schedule of Calculation of Diluted Net Loss Per Share

The following potential common stock equivalents, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

   2023   2022 
   June 30, 
   2023   2022 
Options to purchase shares of common stock   1,260,681    1,290,318 
Warrants outstanding   323,733    263,743 
Common stock reserved for future issuance   1,584,414    1,554,061