Stock Awards and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Options Activity

The following table summarizes stock option activity for the years ended December 31, 2023 and 2022:

	Options Outstanding	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value
Balance as of January 1, 2023	387,109	$	6.40	1.45	$	—
Options granted	11,890	2.28
Options exercised	(1,230)	3.25
Options canceled and forfeited	(4,186)	5.73
Balance as of December 31, 2023	393,583	6.27		1.95	—
Options vested and exercisable as of December 31, 2023	393,583	$	6.27	1.95	—

Schedule of Stock Options Valuation Assumptions

The following assumptions were used to calculate the fair value of options granted during the year ended December 31, 2023:

Fair value of Class A Common Stock	$0.38 — 1.67
Exercise price	$1.78 — 3.09
Risk free interest rate	3.76 — 4.89%
Expected dividend yield	0.00	%
Expected volatility	79.08 — 96.45%
Expected term	3 Years

Schedule of Outstanding RSU Activity

A summary of outstanding RSU activity as of December 31, 2023 is as follows:

	RSU Outstanding Number of Shares
Balance as of January 1, 2022	126,900
Granted	211,700
Vested (issued)	(46,036)
Forfeited	—
Balance as of December 31, 2022	292,564
Granted	410,516
Vested (issued)	(159,776)
Forfeited	(97,202)
Balance as of December 31, 2023	446,102

Schedule of Stock-Based Compensation Expense

Our consolidated statements of operations include stock-based compensation expense as follows:

	For the years ended December 31,
	2023		2022
Cost of services	$	21,836	$	21,721
Research and development	123,109		292,084
Selling, general, and administrative	618,343		2,085,258
Total stock-based compensation expense	$	763,288	$	2,399,063