Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Restricted Share Activity

The following is a summary of the restricted share activity during the year ended December 21, 2023 and 2022:

	2023					2022
	Number of			Weighted Average		Number of		Weighted Average
	Restricted Shares			Award Price		Restricted Shares		Award Price
Restricted Shares outstanding at beginning of the year		-		$	-		-	$	-
Granted		260,000			4.51		-		-
Vested		(173,333	)		4.51		-		-
Restricted Shares outstanding at December 31,		86,667		$	4.51		-	$	-

Summary of Stock Warrants

The following is a summary of the stock warrant plan activity during the years ended December 31, 2023 and 2022:

	2023					2022
	Number of Warrants			Weighted Average Exercise Price		Number of Warrants			Weighted Average Exercise Price
Warrants outstanding at beginning of the year		1,279,573		$	30.00		1,283,740		$	30.00
Granted		-			-		-			-
Exercised		-			-		-			-
Forfeited		(4,766	)		20.16		(4,167	)		27.00
Warrants outstanding and exercisable at December 31,		1,274,807		$	30.04		1,279,573		$	30.00

Summary of Stock Option Plan Activity

The following is a summary of the stock option plan activity during the years ended December 31, 2023 and 2022:

	2023					2022
	Number of			Weighted Average		Number of			Weighted Average
	Options			Exercise Price		Options			Exercise Price
Options outstanding at beginning of the year		186,877		$	19.56		659,471		$	37.20
Granted		414,417			4.51		127,406			3.54
Cancelled		-			-		(600,000	)		35.70
Forfeited		(1,697	)		72.18		-			-
Options outstanding at December 31,		599,597		$	9.00		186,877		$	19.56
Options exercisable at December 31,		379,194		$	10.55		30,443		$	71.28

Schedule of Significant Assumptions Used in Option-pricing Model to Fair Value Options Granted

Significant assumptions used in the option-pricing model to fair value options granted were as follows:

	2023
Risk-free rate	3.54%
Expected volatility		118	%
Expected life	10 years
Expected dividend		—

Employee Two [Member]

Schedule of Significant Assumptions Used in Option-pricing Model to Fair Value Options Granted

Significant assumptions used in the option-pricing model to fair value options granted were as follows:

	2022
Risk-free rate	3.53% - 3.83%
Expected volatility		119	%
Expected life	10 years
Expected dividend		—