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Stockholders’ Equity (Deficit) (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Equity [Abstract]    
Schedule of Company Nonvested Shares

A summary of the Company’s nonvested shares (due to service based restrictions) as of March 31, 2024 and December 31, 2023, is presented below:

 

Non-Vested Shares  Number of Shares   Weighted Average Grant Date Fair Value 
Balance - December 31, 2022   105,480   $0.56 
Granted   826,384    2.31 
Vested   (261,745)   2.69 
Cancelled/forfeited   (384,278)     2.21 
Balance - December 31, 2023   285,841    2.17 
Granted   -    - 
Vested   -    - 
Cancelled/forfeited   -    - 
Balance - March 31, 2024   285,841   $2.17 

A summary of the Company’s nonvested shares (due to service based restrictions) as of December 31, 2023 and 2022, is presented below: 

 

Non-Vested Shares  Number of
Shares
   Weighted Average
Gant Date
Fair Value
 
Balance - December 31, 2021   39,698   $3.27 
Granted   120,850    5.04 
Vested   (50,693)   21.52 
Cancelled/Forfeited   (4,375)   16.00 
Balance - December 31, 2022   105,480    0.56 
Granted   826,384    2.31 
Vested   (261,745)   2.69 
Cancelled/Forfeited   (384,278)   2.21 
Balance - December 31, 2023   285,841   $2.17 
Schedule of Stock Option Activity

Stock option transactions for the year ended December 31, 2023 is summarized as follows:

 

Stock Options  Number of Options   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term (Years)   Aggregate Intrinsic Value   Weighted Average Grant Date Fair Value 
Outstanding - December 31, 2022   93,481   $7.62    3.68   $        -   $- 
Vested and Exercisable - December 31, 2022   64,823   $8.45    3.47   $-   $- 
Unvested and non-exercisable - December 31, 2022   28,658   $5.74    4.16   $-   $- 
Granted   254,824   $6.97             $0.29 
Exercised   -   $-                
Cancelled/Forfeited   (348,306)  $7.14                
Outstanding - December 31, 2023   -   $-    -   $-   $- 
Vested and Exercisable - December 31, 2023   -   $-    -   $-   $- 
Unvested and non-exercisable - December 31, 2023   -   $-    -   $-   $- 

Stock option transactions for the years ended December 31, 2023 and 2022 are summarized as follows:

 

Stock Options  Number of
Options
   Weighted
Average
Exercise Price
   Weighted
Average
Remaining
Contractual
Term (Years)
   Aggregate
Intrinsic
Value
   Weighted
Average
Grant
Date
Fair Value
 
Outstanding - December 31, 2021   21,923   $14.24    3.25   $     -   $- 
Vested and Exercisable - December 31, 2021   21,923   $14.24    3.25   $-   $- 
Unvested and non-exercisable - December 31, 2021   -   $-    -   $-   $- 
Granted   71,558   $5.59             $4.99 
Exercised   -    -                
Cancelled/Forfeited   -    -                
Outstanding - December 31, 2022   93,481   $7.62    3.68   $-   $- 
Vested and Exercisable - December 31, 2022   64,823   $8.45    3.47   $-   $- 
Unvested and non-exercisable - December 31, 2022   28,658   $5.74    4.16   $-   $- 
Granted   254,824   $6.97             $0.29 
Exercised   -   $-                
Cancelled/Forfeited   (348,306)  $7.14                
Outstanding - December 31, 2023   -   $-    -   $-   $- 
Vested and Exercisable - December 31, 2023   -   $-    -   $-   $- 
Unvested and non-exercisable - December 31, 2023   -   $-    -   $-   $- 
Schedule of Fair Value Assumptions

The fair value of the stock options granted in 2023 were determined using the Black-Scholes Option pricing model with the following assumptions:

 

Expected term (years)   5.00  
Expected volatility   59% - 62 %
Expected dividends   0 %
Risk free interest rate   4.00 %

The fair value of the stock options granted in 2023 were determined using the Black-Scholes Option pricing model with the following assumptions:

 

Expected term (years)   5.00 
Expected volatility   59% - 62% 
Expected dividends   0%
Risk free interest rate   4.00%
 
Expected term (years)   5.00 
Expected volatility   62%
Expected dividends   0%
Risk free interest rate   1.64%
 
Schedule of Stock Warrant Activity

Warrant activity for the three months ended March 31, 2024 and the year ended December 31, 2023 are summarized as follows:

 

Warrants  Number of Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term (Years)   Aggregate Intrinsic Value 
Outstanding - December 31, 2022   203,629   $4.15    2.22   $82,756 
Vested and Exercisable - December 31, 2022   203,629   $4.15    2.22   $82,756 
Unvested - December 31, 2022   -   $-    -   $- 
Granted   -                
Exercised   -                
Cancelled/Forfeited   -                
Outstanding - December 31, 2023   203,629   $4.15    1.22   $36,030 
Vested and Exercisable - December 31, 2023   203,629   $4.15    1.22   $36,030 
Unvested and non-exercisable - December 31, 2023   -   $-    -   $- 
Granted   -                
Exercised   -                
Cancelled/Forfeited   -                
Outstanding - March 31, 2024   203,629   $4.15    0.98   $42,727 
Vested and Exercisable - March 31, 2024   203,629   $4.15    0.98   $42,727 
Unvested and non-exercisable - March 31, 2024   -   $-    -   $- 

Warrant activity for the years ended December 31, 2023 and 2022 are summarized as follows:

 

Warrants  Number of
Warrants
   Weighted
Average
Exercise Price
   Weighted
Average
Remaining
Contractual
Term (Years)
   Aggregate
Intrinsic
Value
 
Outstanding - December 31, 2021   203,629   $4.15    3.22   $- 
Vested and Exercisable - December 31, 2021   203,629   $4.15    3.22   $- 
Unvested - December 31, 2021   -   $-    -   $- 
Granted   -                
Exercised   -                
Cancelled/Forfeited   -                
Outstanding - December 31, 2022   203,629   $4.15    2.22   $82,756 
Vested and Exercisable - December 31, 2022   203,629   $4.15    2.22   $82,756 
Unvested - December 31, 2022   -   $-    -   $- 
Granted   -                
Exercised   -                
Cancelled/Forfeited   -                
Outstanding - December 31, 2023   203,629   $4.15    1.22   $36,030 
Vested and Exercisable - December 31, 2023   203,629   $4.15    1.22   $36,030 
Unvested and non-exercisable - December 31, 2023   -   $-    -   $-