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Stockholder Equity (Tables)
9 Months Ended
Sep. 30, 2023
Stockholder Equity  
Schedule Of Stock Option Activity

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Options outstanding at December 31, 2022

 

 

12,752,000

 

 

$0.62

 

 

$28,543,370

 

 

 

5.09

 

Granted

 

 

273,000

 

 

 

3.09

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired/forfeit

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at March 31, 2023

 

 

13,025,000

 

 

$

0.67

 

 

$52,705,860

 

 

 

4.93

 

Granted

 

 

640,000

 

 

 

3.25

 

 

 

 

 

 

 

Exercised

 

 

(175,045 )

 

 

(1.05 )

 

 

 

 

 

 

Expired/forfeit

 

 

(634,488 )

 

 

(1.36 )

 

 

 

 

 

 

Options outstanding at June 30, 2023

 

 

12,855,467

 

 

$

0.76

 

 

$20,968,586

 

 

 

4.73

 

Granted

 

 

144,000

 

 

 

1.72

 

 

 

 

 

 

 

Exercised

 

 

(1,988,095 )

 

 

(0.16 )

 

 

 

 

 

 

Expired/forfeit

 

 

(383,372 )

 

 

(1.42 )

 

 

 

 

 

 

Options outstanding at September 30, 2023

 

 

10,628,000

 

 

$

0.86

 

 

$4,049,090

 

 

 

4.77

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Options outstanding at December 31, 2021

 

 

12,300,000

 

 

$0.37

 

 

$30,504,000

 

 

 

5.62

 

Granted

 

 

360,000

 

 

 

3.33

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired/forfeit

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at March 31, 2022

 

 

12,660,000

 

 

$

0.45

 

 

$45,576,000

 

 

 

5.39

 

Granted

 

 

560,000

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired/forfeit

 

 

(40,000 )

 

 

4.10

 

 

 

 

 

 

 

Options outstanding at June 30, 2022

 

 

13,180,000

 

 

$

0.54

 

 

$31,683,690

 

 

 

5.31

 

Granted

 

 

270,000

 

 

 

2.39

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired/forfeit

 

 

(58,000 )

 

 

3.35

 

 

 

 

 

 

 

Options outstanding at September 30, 2022

 

 

13,392,000

 

 

$

0.56

 

 

$30,383,910

 

 

 

5.13

 

Schedule Of Warrant Activity

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Balance at December 31, 2022

 

 

1,250,000

 

 

$2.50

 

 

$450,000

 

 

 

1.96

 

Issued

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2023

 

 

1,250,000

 

 

2.50

 

 

$2,775,000

 

 

 

1.72

 

Issued

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(15,000 )

 

 

2.50

 

 

 

 

 

 

 

Balance at June 30, 2023

 

 

1,235,000

 

 

$

2.50

 

 

$

 

 

 

1.47

 

Issued

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2023

 

 

1,235,000

 

 

$

2.50

 

 

$

 

 

 

1.21

 

Schedule Of Stock Option Granted

 

 

September 30, 2023

 

 

September 30, 2022

 

Dividend yield

 

 

0.00%

 

 

0.00%

Expected life

 

5.45 – 6.53 Years

 

 

5.28 – 6.10 Years

 

Expected volatility

 

30.00–35.88

%

 

34.73–34.79

%

Risk-free interest rate

 

3.57–4.43

%

 

3.06-3.94

%