Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense
    2022     2021  
Stock Options   $ 55,776       -  
Restricted Stock     111,207       -  
      166,983       -  

 
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 June 30, 2021     -       -       -  
Exercisable at June 30, 2021     -       -       -  
                         
Outstanding at January 1, 2022     1,603,000     $ 4.15     $ 3,045,700  
Granted     61,000     $ 1.80       (8,310 )
Forfeited or Expired and Other Adj     (26,000 )   $ 4.15       64,740  
Outstanding at June 30, 2022     1,638,000     $ 4.06     ($ 3,935,040 )
Exercisable at June 30, 2022     94,850     $ 4.06     ($ 227,333 )

 
Schedule of restricted stock activity
Restricted Stock  

 

Time-Based

  
Outstanding at January 1, 2021     -  
Granted     -  
Vested     -  
Forfeited     -  
Outstanding at June 30, 2021     -  
         
Outstanding at January 1, 2022     154,960  
Granted     71,083  
Vested     (113,888 )
Forfeited     (1,250 )
Outstanding at June 30, 2022     110,905