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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Stock Options Activity

A summary of stock option activity during the nine months ended September 30, 2024 and 2023 is presented below:

 

Schedule of Stock Options Activity 

  

Number of

Shares

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Contractual Life

(in Years)

 
Stock options outstanding at January 1, 2023   533,680   $2.44    4.83 
Granted   51,940    3.32    7 
Exercised   -    -    - 
Expired   -    -    - 
Stock options outstanding at September 30, 2023   585,620   $2.52    4.54 
Granted   457,067    3.32    7.00 
Exercised   -    -    - 
Expired   -    -    - 
Stock options outstanding at December 31, 2023   1,042,687   $2.86    5.47 
Granted   725,878    7.00    7.00 
Exercised   (3,376)   -    - 
Expired   (12,206)   2.44    - 
Stock options outstanding at September 30, 2024   1,752,983    4.57    6.01 
                
Stock options exercisable at September 30, 2023   288,959   $2.52    4.54 
Stock options exercisable at September 30, 2024   491,262   $4.58    5.84 
Schedule of Restricted Stock Units Activity

 

Schedule of Restricted Stock Units Activity  

  

Number of

Restricted

Stock Units

  

Weighted

Average

Grant Date

Fair Value

  

Weighted

Average

Remaining Contractual

Life (in Years)

 
Restricted stock units outstanding at December 31, 2023   424,656   $2.64    8.62 
Granted   -    -    - 
Exercised   -    -    - 
Expired   -    -    - 
Forfeited   -    -    - 
Restricted stock units outstanding at September 30, 2024   424,656   $2.64    8.04 
                
Restricted stock units at September 30, 2023   424,656   $2.64    8.81 
Restricted stock units at September 30, 2024   424,656   $2.64    7.62