Share Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Compensation Related Costs [Abstract]

Schedule of stock option activity

Schedule of stock option activity
	Options					Shares of Stock
	No. of Options			Weighted Average Price		No. of Shares		Weighted Average Price		Total
Equity compensation plan total shares		4,000,000		$	0.40		—		—		4,000,000
Granted
Incentive Stock Options (ISO)		1,131,500		$	0.40		—		—		1,131,500
Non-Qualified Stock Options (NSO)		452,000		$	0.40		—		—		452,000
Non-Qualified Stock Options (NSO) - Directors Stock Options		230,000		$	0.40		—		—		230,000
Cancelled/expired		—			—		—		—		—
Balance outstanding as at December 31, 2021		1,813,500			—		—		—		1,813,500
Balance available under the plan as at December 31, 2021		2,186,500			—		—		—		2,186,500
Transferred back to plan		(157,927	)		—		—		—		(157,927	)
Balance outstanding as of March 31, 2022		2,028,573			—		—		—		2028,573
Balance available under the plan as of March 31, 2022		1,971,427			—		—		—		1,971,427
Transferred back to plan		(105,208	)		—		—		—		(105,208	)
Balance outstanding as of June 30, 2022		1,866,219			—		—		—		1,866,219
Balance available under the plan as of June 30, 2022		2,133,781			—		—		—		2,133,781

Schedule of assumptions

Schedule of assumptions
Fair value assumptions	2022
Estimated fair value of common stock warrant	$	1.00
Exercise price	$	0.40
Expected volatility		45%-52%
Expected terms (in years)		4
Risk-free interest rate		1.48%-2.18%
Dividend Yield		0	%