Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense
    2021     2020  
Stock Options   $ 153,205      
     -
  
Restricted Stock     14,852      
-
  
      168,057      
-
  

 
Schedule of Black-Scholes option pricing model
Risk-free interest rate   1.335%
Expected term   5.5-6.25 years
Expected volatility   102.33%
Expected dividends   0%

 
Schedule of option activity
Options      Shares     Weighted
Average
Exercise
Price		    

 Aggregate

Intrinsic
Value

  
Outstanding at January 1, 2020    
-
      
-
      
-
  
Granted    
-
      
-
      
-
  
Forfeited or Expired and Other Adj    
-
      
-
      
-
  
Outstanding at December 31, 2020    
-
      
-
      
-
  
Exercisable at December 31, 2020    
-
      
-
      
-
  
                         
Granted     1,587,000     $ 4.19     $ 2,947,700  
Forfeited or Expired and Other Adj    
-
      
-
      
-
  
Outstanding at December 31, 2021     1,587,000     $ 4.19     $ 2,947,700  
Exercisable at December 31, 2021     30,658     $ 4.15     $ 58,250  

 
Schedule of restricted stock activity
Restricted Stock   Shares  
Outstanding at January 1, 2020    
-
  
Granted    
-
  
Vested    
-
  
Forfeited    
-
  
Outstanding at December 31, 2020    
-
  
         
Granted     160,318  
Vested     (6,108 )
Forfeited    
-
  
Outstanding at December 31, 2021     154,210