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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of Estimate Fair Value of Stock Options Granted

The following assumptions were used to estimate the fair value of stock options granted during the three months ended March 31, 2023 and 2022 using the Black-Scholes option pricing model:

 

2023

 

2022

Risk-free interest rate

4.00%

 

1.18%

 

 

Expected life (years)

6.25

 

6.25

Expected volatility

113.0%

 

115.0%

Dividend rate

0%

 

0%

 

 

Schedule of Components of Inventory

The components of inventory are summarized as follows:

 

 

March 31, 2023

 

 

December 31, 2022

 

Raw materials

 

$

 

 

$

 

Work in process

 

 

412,038

 

 

 

 

Finished goods

 

 

 

 

 

 

Total inventory

 

$

412,038

 

 

$