Post-effective amendment to a registration statement that is not immediately effective upon filing

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]    
Schedule of stock-based compensation expense
    2022     2021  
Stock Options   $ 28,730      
    -
  
Restricted Stock     89,962      
-
  
      118,692      
-
  

 
    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%  

 
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 )

 

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

 

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  

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