Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Stock Warrants

The following is a summary of the stock warrant plan activity during the years ended December 31, 2022 and 2021:

	2022		2021
	Number of Warrants	Weighted Average Exercise Price	Number of Warrants	Weighted Average Exercise Price
Warrants Outstanding at Beginning of the year	7,702,441	$5.00	2,718,012	$4.20
Granted	-	-	7,481,041	5.03
Exercised	-	-	2,496,612	4.22
Adjustment	-	-	-	-
Forfeited	25,000	4.50	-	-
Warrants Outstanding and Exercisable at End of Year	7,677,441	$5.00	7,702,441	$5.00

Summary of Stock Option Plan Activity

The following is a summary of the stock option plan activity during the years ended December 31, 2022 and 2021:

	2022				2021
	Number of		Weighted Average		Number of		Weighted Average
	Options		Exercise Price		Options		Exercise Price
Options Outstanding at Beginning of the year		3,956,827	$	6.20		3,860	$	302.55
Granted		764,435		0.59		3,953,067		5.95
Cancelled		3,600,000		5.95		-		-
Forfeited		-		-		100		625.00
Options Outstanding at End of Year		1,121,262	$	3.26		3,956,827	$	6.20
Options Exercisable at End of Year		182,660	$	11.88		3,760	$	302.55

Schedule of Significant Assumptions Used in Option-pricing Model to Fair Value Options Granted

Significant assumptions used in the option-pricing model to fair value options granted were as follows:

	2021
Risk-free rate		1.58	%
Cost of Equity		15.56	%
Expected volatility		123.42	%
Price Hurdle	$	12.00
Expected life	10 years
Expected dividend		—

Employee Two [Member]

Schedule of Significant Assumptions Used in Option-pricing Model to Fair Value Options Granted

Significant assumptions used in the option-pricing model to fair value options granted were as follows:

	2021
Risk-free rate		1.23	%
Expected life	5.37 years
Expected volatility		128	%
Expected dividend		—

Significant assumptions used in the option-pricing model to fair value options granted were as follows:

	2022
Risk-free rate	3.53% - 3.83%
Expected volatility		119	%
Expected life	10 years
Expected dividend		—