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Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2023 and 2022 using the Black-Scholes option pricing model:

 

2023

 

2022

Risk-free interest rate

4.00%

 

1.18%-1.83%

 

 

Expected life (years)

5.50-6.25

 

6.25

Expected volatility

113.0%

 

113.0%-115.0%

Dividend rate

0%

 

0%

 

 

Schedule of Components of Inventory

The components of inventory are summarized as follows:

 

 

June 30, 2023

 

 

December 31, 2022

 

Raw materials

 

$

2,899,422

 

 

$

 

Work in process

 

 

1,274,082

 

 

 

 

Finished goods

 

 

427,114

 

 

 

 

Total inventory

 

$

4,600,618

 

 

$