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

 

Preferred Stock
Rollforward
  Balance as of
December 31, 2021
   Accrued Deemed
Dividends
   Balance as of
September 30, 2022
 
Series B   1,715,000    102,000    1,817,000 
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 September 30, 2022   128,000    1.75 
           
Exercisable at September 30, 2022   128,000   $1.75 
Schedule of Reserved Shares of Common Stock for Exercise of Warrants and Preferred Stock

As of September 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 B Preferred Stock   1,700,000 
2021 Warrants   128,572 
Shares reserved as of September 30, 2022 and December 31, 2021   1,828,572