Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Stock-Based Compensation [Abstract]

Schedule of Stock Based Compensation

Total stock-based compensation, consists of the following:

	For the Three Months Ended March 31,
	2024		2023
General and administrative expense	$	51,581	$	95,942
Research and development expense		21,138		44,641
	$	72,719	$	140,583

Schedule of Black-Scholes Option-Pricing Model

Options granted under the 2022 Plan during the three months ended March 31, 2024 and 2023 were valued using the Black-Scholes option-pricing model with the following weighted-average assumptions:

	For the Three Months Ended March 31,
	2024			2023
Expected term (years)		5.87			5.43
Risk-free interest rate		3.99	%		3.66	%
Expected volatility		124.83	%		110.00	%
Expected dividend yield		0.00	%		0.00	%

Schedule of Stock Option Activity

The following is a summary of stock option activity under the Company’s stock option Plans for the three months ended March 31, 2024:

	Number of Shares		Weighted Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Options outstanding at January 1, 2024		175,686		34.60		—		—
Forfeited		11,422		70.16		—		—
Exercised		—		—		—		—
Granted		66,000		3.18
Options outstanding at March 31, 2024		230,264		23.83		8.3		71,346
Options exercisable at March 31, 2024		115,597		40.49		7.3		—