Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense
    2022     2021  
Stock Options   $ 28,730      
-
  
Restricted Stock     89,962      
-
  
      118,692      
-
  

 
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, 2021    
-
      
-
      
-
  
Granted    
-
      
-
      
-
  
Forfeited or Expired and Other Adj    
-
      
-
      
-
  
Outstanding at March 31, 2021    
-
      
-
      
-
  
Exercisable at March 31, 2021    
-
      
-
      
-
  
                         
Outstanding at January 1, 2022     1,603,000     $ 4.15     $ 3,045,700  
Granted     61,000     $ 1.80       (2,820 )
Forfeited or Expired and Other Adj     (22,000 )   $ 4.15       52,800  
Outstanding at March 31, 2022     1,642,000     $ 4.06     $ (3,797,220 )
Exercisable at March 31, 2022     75,256     $ 3.97     $ (167,318 )

 
Schedule of restricted stock activity

Restricted Stock

   Time-Based  
Outstanding at January 1, 2021    
-
  
Granted    
-
  
Vested    
-
  
Forfeited    
-
  
Outstanding at March 31, 2021    
-
  
         
Outstanding at January 1, 2022     154,960  
Granted     125,000  
Vested     (56,263 )
Forfeited    
-
  
Outstanding at March 31, 2022     223,697