Equity Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2024

Equity Incentive Plan

Weighted-average assumptions used for the stock option grants

	Three Months Ended March 31,
	2024			2023
Grant date fair value	$	0.51		$	4.23
Risk-free interest rate		4.0	%		3.9	%
Dividend yield		0.00	%		0.00	%
Expected life in years		5.9			6.1
Expected volatility		110	%		112	%

Schedule of stock-based compensation expense

	Three Months Ended March 31,
	2024		2023
Research and development	$	237,337	$	48,425
General and administrative		349,897		82,835
	$	587,234	$	131,260

Schedule of stock option activity

	Number of Options Outstanding			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in Years)
Balance at December 31, 2023		102,074		$	40.77		7.8
Options granted		410,000			0.61		-
Options exercised		-			-		-
Options cancelled		(101,831	)		40.65		-
Balance at March 31, 2024		410,243		$	0.66		9.8
Options exercisable at March 31, 2024		11,905		$	2.47		9.7