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Stock Options (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Information about Options Outstanding and Exercisable

The following table summarizes information about options outstanding and exercisable at December 31, 2023:

 

    Options Outstanding   Options Exercisable 
Exercise Price   Number of Options at December 31, 2023   Weighted Average Remaining Contractual Life   Weight Average Exercise Price   Number of Options at December 31, 2023   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price 
$0.48    246,137    2.0 years   $0.48    246,137    2.0 years   $0.48 
$0.93    202,040    2.0 years   $0.93    202,036    2.0 years   $0.93 
$1.70    800,078    7.3 years   $1.70    572,968    7.0 years   $1.70 
$2.07    40,000    9.7 years   $2.07    4,167    9.7 years   $2.07 
      1,288,255              1,025,308           
Schedule of Stock Option Activity

Total stock option activity for the year ended December 31, 2023, is summarized as follows:

 

   Shares   Weighted Average Exercise Price 
Outstanding at December 31, 2021   1,381,908   $1.34 
Exercised   (888)   1.70 
Forfeited   (90,702)   5.91 
Outstanding at December 31, 2022   1,290,318   $1.33 
Granted   40,000    2.07 
Exercised        
Forfeited   (42,063)   0.87 
Outstanding at December 31, 2023   1,288,255   $1.37 
Schedule of Total Intrinsic Value

Total intrinsic value for the 2016 plan for the year ended December 31, 2023, is summarized as follows:

 

   Options Outstanding at December 31, 2023   Options Exercisable at December 31, 2023 
Value of Stock at December 31, 2023  $0.92   $0.92 
Exercise Price   0.48    0.48 
Intrinsic Value Per Share   0.44    0.44 
Options O/S   246,137    246,137 
Intrinsic Value at December 31, 2023  $108,300   $108,300