Equity Compensation Plan (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of stock option activity

	Shares			Weighted-Average Exercise Price per share		Weighted-Average Remaining Contractual Life (years)
Balance, January 1, 2020		590,000		$	1.5		7.8
Options granted (1)		2,937,410			1.5		9.5
Options exercised		(270,000	)		1.5		—
Options converted		—			—		—
Options forfeited or expired		—			—		—
Balance, December 31, 2020		3,257,410			1.5		9.1
Options granted		833,246			2.7		6.7
Options exercised		(45,625	)		1.5		—
Options converted		—			—		—
Options expired		(735,625	)		1.5		—
Options forfeited		(1,911,160	)		1.5		—
Balance, December 31, 2021		1,398,246			2.2		6.3
Vested shares at December 31, 2021		404,750			1.51		6.8

Schedule Of Outstanding Options

Exercise price		Outstanding options		Exercisable options
$	1.50		565,000		392,667
$	1.77		388,246		0
$	3.93		445,000		12,083
			1,398,246		404,750

Schedule of Valuation Assumptions

	2021			2020
Risk-free interest rate		1.2	%		0.62 - 1.75 %
Expected term		7.0 years			10 years
Expected volatility		91	%		78	%
Expected dividends		0			0.00	%
Grant date fair value of common stock	$	1.91/share		$	1.50/share