Stockholders’ Equity (Deficit) (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Dividends Payable

The Company has calculated its dividends payable as follows:

	Series A - Convertible Preferred Stock			Series B - Convertible Preferred Stock			Total Dividends Payable
Shares issued and outstanding		363,000			140,000
Stated value per share	$	10		$	10
Dividend rate (10%/12%)		10	%		12	%
Dividend shares due per year		363,000			168,000
Market price - at issuance date		2.76			2.76
Minimum price - 70%/80% discount to market price		80	%		70	%
Conversion price		2.21			1.93
Dividend shares due per quarter		41,101			21,739
Allocation for days outstanding this period end		48.91	%		48.91	%
Total dividend shares due		20,104			10,633			30,737
Market price - reporting period end date		2.76			2.76
Fair value of dividends payable	$	55,486		$	29,348		$	84,834

Schedule of Company Nonvested Shares

A summary of the Company’s nonvested shares (due to service based restrictions) as of September 30, 2024 and December 31, 2023, is presented below:

				Weighted Average
	Number of			Gant Date
Non-Vested Shares	Shares			Fair Value
Balance - December 31, 2022		42,192		$	1.40
Granted		330,554			5.77
Vested		(104,699	)		6.72
Cancelled/Forfeited		(153,711	)		5.53
Balance - December 31, 2023		114,336			6.40
Granted		-			-
Vested		(88,336	)		5.15
Cancelled/Forfeited		-			-
Balance - September 30, 2024		26,000		$	6.40

Schedule of Stock Option Activity

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

						Weighted Average				Weighted
				Weighted		Remaining				Average
				Average		Contractual		Aggregate		Grant
	Number of			Exercise		Term		Intrinsic		Date
Stock Options	Options			Price		(Years)		Value		Fair Value
Outstanding - December 31, 2022		37,392		$	19.05		3.68	$	-	$	-
Vested and Exercisable - December 31, 2022		34,526		$	19.44		3.47	$	-	$	-
Unvested and non-exercisable - December 31, 2022		2,866		$	14.36		4.16	$	-	$	-
Granted		101,930		$	17.41					$	0.73
Exercised		-		$	-
Cancelled/Forfeited		(139,322	)	$	17.85
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	%

Schedule of Stock Warrant Activity

Warrant activity for the nine months ended September 30, 2024 and the year ended December 31, 2023 are summarized as follows:

						Weighted
						Average
				Weighted		Remaining		Aggregate
	Number of			Average		Contractual		Intrinsic
Warrants	Warrants			Exercise Price		Term (Years)		Value
Outstanding - December 31, 2022		81,452		$	10.36		2.22	$	82,756
Vested and Exercisable - December 31, 2022		81,452		$	10.36		2.22	$	82,756
Unvested - December 31, 2022		-		$	-		-	$	-
Granted		-
Exercised		-
Cancelled/Forfeited		-
Outstanding - December 31, 2023		81,452		$	10.36		1.22	$	36,030
Vested and Exercisable - December 31, 2023		81,452		$	10.36		1.22	$	36,030
Unvested and non-exercisable - December 31, 2023		-		$	-		-	$	-
Granted		-
Exercised		-
Cancelled/Forfeited		(29,155	)	$	20.31
Outstanding - September 30, 2024		52,297		$	4.82		0.82	$	12,913
Vested and Exercisable - September 30, 2024		52,297		$	4.82		0.82	$	12,913
Unvested and non-exercisable - September 30, 2024		-		$	-		-	$	-