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Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Warrant Activity

Stock warrant transactions for the years ended December 31, 2023 and 2022, were as follows:

 

   Number of Warrants   Weighted-Average Exercise Price 
Warrants outstanding at December 31, 2021   77,909   $159.00 
Granted   -    - 
Forfeited/canceled   -    - 
Exercised   -    - 
Warrants outstanding at December 31, 2022   77.909    159.00 
Granted   326,333    21.30 
Forfeited/canceled   (2,613)   102.00 
Exercised   (96,667)   0.003 
Warrants outstanding at December 31, 2023   304,962   $63.30 
Warrants exercisable at December 31, 2023   304,962   $63.30 
Schedule of Options Activity

Stock option transactions for the years ended December 31, 2023 and 2022 were as follows:

 

   Number of Options   Weighted-Average Exercise Price 
Options outstanding at December 31, 2021   10,083   $91.50 
Granted   51,098    74.40 
Forfeited/canceled   (6,833)   74.40 
Exercised   -    - 
Options outstanding at December 31, 2022   54,348    77.10 
Granted   83,333    22.50 
Forfeited/canceled   (11,416)   84.30 
Exercised   -    - 
Options outstanding at December 31, 2023   126,265   $39.60 
Options exercisable at December 31, 2023   117,980   $42.00 
Schedule of Stock Granted Assumptions

The Company used the following weighted average assumptions in the Black-Scholes Option Pricing model to compute the fair value of the stock options granted during the year ended December 31, 2023.

 

Stock price   $10.50 - $25.50 
Risk-free interest rate   3.62% - 3.99%
Expected volatility   120.81% - 123.61%
Expected life (in years)   5.3 
Expected dividend yield   - 
The Company used the following weighted average assumptions in the Black-Scholes Option Pricing model to compute the fair value of the stock options granted during the year ended December 31, 2022.

 

 

Stock price  $74.40 
Risk-free interest rate   3.03%
Expected volatility   125.53%
Expected life (in years)   6.2 
Expected dividend yield   -