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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of the Company’s outstanding stock option activity for the three months ended June 30, 2022, and 2021 is as follows:

 

       June 30, 2022     
      

Weighted-

Average

  

Weighted-

Average

Remaining

Contractual
Life

   Intrinsic
 
   Options   Exercise Price   (Years)   Value 
As of December 31, 2021   833,892   $3.91    8.7    87,553 
Granted   357,000    0.45    10.0    - 
Exercised   -    -    -    - 
Forfeited   -    -    -    - 
Expired   (3)   139,237.86    -    - 
As of June 30, 2022   1,190,889   $2.38    8.6   $- 
Exercisable at June 30, 2022   462,229   $5.22    8.1   $- 
Vested and expected to vest at June 30, 2022   1,117,329   $2.47    8.6   $- 

 

       June 30, 2021     
      

Weighted-

Average

  

Weighted-

Average

Remaining

Contractual Life

   Intrinsic
 
   Options   Exercise Price   (Years)   Value 
As of December 31, 2020   465,393   $5.53    9.3    - 
Granted   368,500    1.93    10.0    - 
Exercised   -    -    -    - 
Forfeited   -    -    -    - 
Expired   -    -    -    - 
As of June 30, 2021   833,893   $3.98    9.2   $743,089 
Exercisable at June 30, 2021   376   $6,977.42    3.8   $- 
Vested and expected to vest at June 30, 2021   833,893   $3.98    9.2   $743,089 
Schedule of Assumption Used for Fair Value of Option

   June 30, 2022 
Weighted-average risk-free interest rate   1.70%
Weighted-average expected life (in years)   5.5 
Expected dividend yield   -%
Weighted-average expected volatility   131.1%

Schedule of Unrecognized Stock-based Compensation

Unrecognized stock-based compensation as of June 30, 2022, is as follows (in thousands):

 

      

Weighted

Average

 
  

Unrecognized

Stock-Based

  

Remaining of

Recognition

 
   Compensation   (in years) 
Stock options  $515    1.7 
Stock grants  $38    1.9