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Shareholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Preferred Stock

 

Preferred Stock Rollforward  Balance as of December 31, 2021   Accrued Deemed Dividends   Balance as of June 30, 2022 
Series A   3,155,000    200,000    3,355,000 
Series B   1,715,000    68,000    1,783,000 
Series C   1,630,000    68,000    1,698,000 
Series D   1,512,000    68,000    1,580,000 
Schedule of Company’s Stock Warrant Activity

A summary of the Company’s stock warrant activity is as follows:

 

   Shares under Option  

Weighted

Average

Exercise

Price

 
Balance at December 31, 2021   128,000   $1.75 
Granted   -    - 
Cancelled/Expired   -    - 
Exercised/Issued   -    - 
Outstanding at June 30, 2022   128,000    1.75 
           
Exercisable at June 30, 2022   128,000   $1.75 
Schedule of Reserved Shares of Common Stock for Exercise of Warrants and Preferred Stock

As of June 30, 2022 and December 31, 2021 the Company reserved the following shares of its common stock for the exercise of warrants, and preferred stock:

 

Series A Preferred Stock   5,482,000 
Series B Preferred Stock   1,700,000 
Series C Preferred Stock   1,700,000 
Series D Preferred Stock   1,700,000 
2021 Warrants   128,572 
Shares reserved as of June 30, 2022 and December 31, 2021   10,710,572