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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of fair value of the sole stock option grant
   Year Ended December 31, 
   2021   2020 
Risk-free interest rate   0.12% - 0.67%   .14% - 1.58%
Expected term (in years)   1-5    2 
Volatility   63% - 65%   44.48%
Dividend yield   0%   0%

 

Schedule of company’s stock option activity
   Options Shares   Weighted Average Exercise Price   Weighted
Average
Remaining
Contractual
Life in Years
   Aggregate
Intrinsic Value
 
                 
Outstanding at January 1, 2019   2,741,867   $2.19    7.81   $1,344,800 
Granted/ Vested during the year   1,322,548    1.59    10.01    
 
 
Exercised during the year   -    
-
    
-
    
 
 
Cancelled during the year   (451,602)   6.36    
-
    
 
 
Balance, December 31, 2019   3,612,813    1.92    7.74   $1,344,800 
Granted/ Vested during the year   1,035,523    1.66    9.11    
 
 
Exercised during the year   -    
-
    
-
    
 
 
Cancelled during the year   (12,438)   
-
    
-
    
 
 
Balance, December 31, 2020   4,635,898   $1.84    7.28   $8,129,671 
Granted/ Vested during the year   5,495,095    2.88    9.80    
-
 
Exercised during the year   (1,235,130)   0.50    4.32    
-
 
Cancelled during the year   (472,891)   2.37    7.93    
-
 
Balance, December 31, 2021   8,422,972    6.21    8.77   $24,706,020 
Options vested and exercisable at December 31, 2021   2,378,212   $2.88    6.91   $15,914,624