Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense
    2022     2021  
Stock Options   $ 83,182      
-
 
Restricted Stock     129,186      
-
 
      212,368      
-
 

 

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 September 30, 2021    
-
     
-
     
-
 
Exercisable at September 30, 2021    
-
     
-
     
-
 
                         
Outstanding at January 1, 2022     1,603,000     $ 4.15     $ 1,602,997  
Granted     68,000     $ 1.80       68,000  
Forfeited or Expired and Other Adj     (66,180 )   $ 4.15       (66,177 )
Outstanding at September 30, 2022     1,604,820     $ 4.09     $ 1,604,817  
Exercisable at September 30, 2022     109,924     $ 4.11     $ 109,921  

 

Schedule of restricted stock activity

 

Restricted Stock

 

 

Time-Based

 
Outstanding at January 1, 2021    
-
 
Granted    
-
 
Vested    
-
 
Forfeited    
-
 
Outstanding at September 30, 2021    
-
 
       
Outstanding at January 1, 2022     154,960  
Granted     125,725  
Vested     (179,514 )
Forfeited     (6,466 )
Outstanding at September 30, 2022     94,705