XML 43 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock based compensation
   For the Year Ended
December 31,
 
   2022   2021 
General and administrative expense   598,655    915,423 
Research and development expense   146,379    58,811 
    745,034    974,234 

 

Schedule of stock based compensation
   For the Year Ended
December 31,
 
   2022   2021 
Expected term (years)   5.65    5.74 
Risk-free interest rate   1.96%   1.04%
Expected volatility   77.12%   78.98%
Expected dividend yield   0.00%   0.00%

 

Schedule of stock option activity
    Number of
Shares
    Weighted-
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Term
(Years)
    Aggregate
Intrinsic
Value
 
Options outstanding at January 1, 2021     486,101     $ 9.89       8.68     $                -  
Forfeited     (5,000 )     4.62                  
Exercised     (87,751 )     9.89                  
Granted     275,717       4.62       -       -  
Options outstanding at December 31, 2021     669,067       7.75       8.34       -  
Forfeited     (15,591 )     3.14                  
Cancelled     -       -                  
Granted     518,805       2.24       -       -  
Options outstanding at December 31, 2022     1,172,281     $ 5.38       8.11     $ -  
Options exercisable at December 31, 2022     620,734     $ 7.71       7.37     $ -