Equity Compensation Plan (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of stock option activity

	Shares			Weighted-Average Exercise Price per share		Weighted-Average Remaining Contractual Life (years)
Balance, December 31, 2020		3,257,410		$	1.50		9.1
Options granted		833,246			2.67		6.7
Options exercised		(45,625	)		1.50		—
Options expired		(735,625	)		1.50		—
Options forfeited		(1,911,160	)		1.50		—
Balance, December 31, 2021		1,398,246			2.20		6.3
Options granted		650,000			1.66		9.6
Balance, September 30, 2022		2,048,246			2.03		6.6
Vested options at September 30, 2022		669,395		$	1.98		1.96

Schedule Of Outstanding Options

Exercise price		Outstanding options		Exercisable options
$	1.66		650,000		0
$	1.50		565,000		460,000
$	1.77		445,000		75,833
$	3.93		268,000		106,000
$	2.90		70,246		17,562
$	3.55		50,000		10,000
			2,048,246		669,395

Schedule of Valuation Assumptions

	2022			2021
Risk-free interest rate		2.77	%		1.10	%
Expected term		7.0 years			7.5 years
Expected volatility		100.4	%		81	%
Expected dividends		0			0
Grant date fair value of common stock	$	1.38/share			$ 2.45 share