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Stock Compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of non-vested restricted stock awards |
|  | Non-vested Restricted Stock Awards |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2021 |  |  | - |  |  | $ | - |
Granted |  |  | 105,000 |  |  |  | 1.29 |
Vested |  |  | - |  |  |  | - |
Forfeited |  |  | (45,000 | ) |  |  | 1.29 |
Outstanding at December, 2022 |  |  | 60,000 |  |  | $ | 1.29 |
Schedule of stock option activity |
|  | Number of Stock Options |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Life in Years |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2021 |  |  | 589,786 |  |  | $ | 1.86 |  |  |  | 8.3 |  |  | $ | 605,187 |
Granted |  |  | 236,279 |  |  |  | 1.80 |  |  |  |  |  |  |  |  |
Exercised |  |  | (62,944 | ) |  |  | 0.46 |  |  |  |  |  |  |  | 21,354 |
Cancelled and forfeited |  |  | (43,286 | ) |  |  | 1.86 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2022 |  |  | 719,835 |  |  | $ | 1.96 |  |  |  | 6.5 |  |  | $ | 20,578 |
Exercisable at December 31, 2022 |  |  | 495,101 |  |  | $ | 1.97 |  |  |  | 7.6 |  |  | $ | 20,578 |
Schedule of grant-date fair value of share-based awards granted |
|  | 2022 |  |  | 2021 |
Risk-free interest rate |  |  | 1.58% – 4.35% |  |  |  | 0.78% – 1.27% |
Expected dividend yield |  |  | 0.00% |  |  |  | 0.00% |
Volatility factor |  |  | 102.03% – 107.36% |  |  |  | 106.00% – 114.76% |
Expected life of option (in years) |  |  | 5.40 – 6.00 |  |  |  | 5.00 – 6.00 |
Schedule of stock-based compensation expense |
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |
Research and development |  | $ | 64,352 |  |  | $ | 29,543 |
General and administrative |  |  | 367,702 |  |  |  | 17,315 |
Marketing and business development |  |  | 950 |  |  |  | 21,600 |
Total stock-based compensation |  | $ | 433,004 |  |  | $ | 68,458 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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