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Stock Options (Tables)
9 Months Ended
Sep. 30, 2023
Stock Options [Abstract]  
Schedule of Options Issued and Outstanding Options issued and outstanding as of December 31, 2022, and their activities during the year then ended are as follows:
   Number of
Underlying
Shares
   Weighted-
Average
Exercise
Price
Per Share
   Weighted-
Average
Contractual
Life
Remaining
in Years
   Aggregate
Intrinsic
Value
 
Outstanding as of January 1, 2022   1,825,184   $2.70        $- 
Granted   761,920    3.00                          
Forfeited   -    -           
Outstanding as of December 31, 2022   2,587,104    2.79    8.74   $- 
Exercisable as of December 31, 2022   2,587,104               2.79           8.74   $- 
Vested and expected to vest   2,587,104   $2.79    8.74   $- 

 

Schedule of Fair Value of Stock Options Granted The fair value of stock options granted for the year ended December 31, 2022 was calculated using the Black-Scholes option-pricing model applying the following assumptions:
   Year ended 
   December 31,
2022
 
     
Risk free interest rate   2.79%
Expected term (in years)   5.00 
Dividend yield   0%
Expected volatility   83.86%