XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity for the six months ended June 30, 2024 is presented below:

 

Subject to Exercise  Number of
Options
   Weighted
Average
Exercise
Price
   Weighted
Average
Life (Years)
   Aggregate
Intrinsic
Value
 
Outstanding as of December 31, 2023   34,310   $236.70    8.62   $         - 
Granted – 2024   45,515    3.72    3.41    - 
Forfeited/Expired – 2024   (5,674)   54.24    7.94    - 
Exercised – 2024   -    -    -    - 
Outstanding as of June 30, 2024   74,151   $107.65    4.87   $- 
Options vested and exercisable at June 30, 2024   59,419   $133.13    3.96   $- 
Schedule of Outstanding Stock Options

As of June 30, 2024, the Company had outstanding stock options as follows:

 

Date Issued  Exercise Price   Number of
Options
   Expiration date  
August 2015  $9,540.00    174   December 27, 2025  
September 2015  $9,540.00    36   December 27, 2025  
November 2015  $9,540.00    205   December 27, 2025  
December 2015  $9,540.00    12   December 27, 2025  
January 2016  $9,540.00    213   January 9, 2026  
May 2016  $12,300.00    45   May 26, 2026  
September 2016  $12,300.00    21   May 31, 2026  
January 2017  $12,300.00    10   January 1, 2027  
January 2018  $11,820.00    8   January 1, 2028  
January 2019  $564.00    92   January 1, 2029  
October 2021  $1,260.00    207   October 26, 2031  
January 2022  $844.80    111   January 1, 2032  
August 2022  $387.26    462   August 23, 2032  
January 2023  $57.60    237   January 25, 2025  
September 2023  $5.12    26,803   September 12, 2033  
January 2024  $4.68    8,015   January 8, 2034  
January 2024  $3.61    37,500   January 17, 2026  
                
Total outstanding options at June 30, 2024        74,151      
Schedule of Assumptions Using Black-Scholes Option Pricing Mode

The Company utilized the Black-Scholes option-pricing model. The assumptions used for the six months ended June 30, 2024 are as follows:

 

   June 30, 2024 
Risk free interest rate   3.97%
Expected Volatility   137.91%
Expected life (in years)   5.58
Expected dividend yield   0%