XML 56 R42.htm IDEA: XBRL DOCUMENT v3.23.1
STOCK-BASED COMPENSATION (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Sep. 30, 2022
Nov. 30, 2021
Jun. 30, 2021
Sep. 30, 2017
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2017
Dec. 31, 2008
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Options Granted         60,000 264,000 [1]    
Option term         7 years 10 months 6 days      
Stock option exercisable price per share         $ 1.92      
Risk free interest rate       0.00%        
Stock-based compensation recognized         $ 206,210 $ 323,611    
Weighted average remaining contractual term of the exercisable options         7 years 8 months 4 days      
Shares issued         4,630      
Shares exercised         48,000      
Director and Sole Officer [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Options Granted     210,000          
Option term     10 years          
Stock option exercisable price per share     $ 1.77          
Fair value of options granted     $ 340,308          
Common stock, no par value     $ 1.77          
Risk free interest rate     1.27%          
Expected dividend yield     0.00%          
Expected stock volatility     107.20%          
Stock option life, term     10 years          
Expected forfeited rate     0.00%          
Director [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Options Granted     60,000          
Description on vesting of stock options The options vest 20% on the date of grant and 80% nine months from the date of grant   vest 20% on the date of grant and 80% ten months from the date of grant          
Sole Officer [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Options Granted     150,000          
Directors [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Options Granted 60,000              
Option term 10 years              
Stock option exercisable price per share $ 3.91              
Fair value of options granted $ 216,326              
Risk free interest rate 0.00%              
Expected dividend yield 0.00%              
Expected stock volatility 121.00%              
Stock option life, term 10 years              
Non Executive Employee [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Options Granted           5,000    
Fair value of common stock granted           $ 10,825    
2008 Equity Incentive Plan [Member] | Maximum [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Number of options authorized to purchase shares of common stock               480,000
2017 Equity Incentive Plan [Member] | Maximum [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Number of options authorized to purchase shares of common stock             400,000  
2021 Equity Incentive Plan [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Options Granted   54,000 54,000          
2021 Equity Incentive Plan [Member] | Equity Option [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Option term     10 years          
Stock option exercisable price per share     $ 1.45          
Common stock, no par value     $ 1.45          
Risk free interest rate     0.00%          
Expected stock volatility     103.30%          
Stock option life, term     10 years          
Expected forfeited rate     0.00%          
Shares Granted, Value, Share-Based Payment Arrangement, before Forfeiture     $ 70,279          
2021 Equity Incentive Plan [Member] | Maximum [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Number of options authorized to purchase shares of common stock           500,000    
2021 Equity Incentive Plan [Member]                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Number of options non-vested         48,000      
Unrecognized share-based compensation expense related to non-vested stock options         $ 163,735      
Weighted average period for unrecognition of compensation expense         2 years 29 days      
Weighted average remaining contractual term of the outstanding options         7 years 10 months 6 days      
Weighted average remaining contractual term of the exercisable options         7 years 8 months 4 days      
Shares issued         181,333      
[1] 54,000 options granted in November 2020 under the Company’s 2021 Plan pending shareholder approval were excluded from grants during 2020 and included in grants during 2021 when the 2021 Plan was approved by shareholders.