XML 49 R31.htm IDEA: XBRL DOCUMENT v3.23.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the years ended December 31, 2022 and 2021:

  

           Weighted     
           Average     
       Weighted   Remaining   Aggregate 
       Average   Contractual   Intrinsic 
   Number of   Exercise   Life   Value 
   Options   Price   (in Years)   (in thousands) 
Outstanding - January 1, 2022   33,063   $9.04    7.8   $- 
Granted   -    -           
Exercised   -    -           
Forfeited   -    -                   
Outstanding - December 31, 2022   33,063   $9.04    6.8   $- 
                     
Exercisable at December 31, 2022   23,063   $11,.14    6.0   $- 

 

           Weighted     
           Average     
       Weighted   Remaining   Aggregate 
       Average   Contractual   Intrinsic 
   Number of   Exercise   Life   Value 
   Options   Price   (in Years)   (in thousands) 
Outstanding - January 1, 2021   33,063   $10.48    8.3   $10.8 
Granted   15,000    4.20           
Exercised   -    -           
Forfeited   (15,000)   7.38           
Outstanding - December 31, 2021   33,063   $9.04    7.8   $- 
                     
Exercisable at December 31, 2021   18,063   $13.06    6.3   $- 
Schedule of Fair Value Measurement Assumptions

The following assumptions were utilized in the Black-Scholes option pricing for the stock option grants for the years ended December 31, 2022 and 2021:

 

   2022   2021 
   Year Ended December 31, 
   2022   2021 
Expected dividend yield   -    - 
Risk-free interest rate   -%   0.33%
Expected volatility   -%   122.69%
Expected term (in years)   -    3.00 
Grant-date fair value of stock options awarded  $-   $1.09 
Schedule of Restricted Stock Award Activity

A summary of restricted stock activity for the years ended December 31, 2022 and 2021 is as follows:

   Number of 
   Shares 
Outstanding - January 1, 2021   116,938 
Granted   54,263 
Forfeited   - 
Vested   (91,438)
Outstanding - December 31, 2021   79,763 
Granted   170,937 
Forfeited   (13,823)
Vested   (167,763)
Outstanding - December 31, 2022   69,114