Stockholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2023

Stockholders’ Equity [Abstract]

Schedule of Stock Options

The following table summarizes the activity of our stock options for the six months ended June 30, 2023:

	Shares			Weighted Average Exercise Price			Weighted Average Contractual Term Outstanding		Intrinsic Value
Outstanding at December 31, 2022		22,848,385		$	0.3666			6.42	$	203,236,473
Granted		712,500			1.8535			6.94		3,627,046
Exercised		(175,000	)		(0.0957	)		5.36		(1,231,967	)
Forfeited or expired		(30,451	)		-			-		(211,455	)
Outstanding at June 30, 2023		23,355,434			0.4119			5.92		152,563,512
Outstanding and exercisable at June 30, 2023		20,469,320			0.1969			6.75		138,110,864

Schedule pf Black-Scholes- Merton Option-Pricing Model Applying the Assumptions

We determine the fair value of option grant share-based awards at their grant date, using a Black-Scholes- Merton Option-Pricing Model applying the assumptions in the following table:

	Six Months Ended June30,
	2023			2022
Assumptions:
Risk-free interest rate		1.26 – 3.98	%		1.26 –1.30	%
Expected dividend yield		0	%		0	%
Expected volatility		109.48 – 111.62	%		126	%
Expected life (in years)		6			5

Schedule of Fair Value of Restricted Stock and Restricted Stock Units

Restricted stock activity for the six months ended June 30, 2023, was as follows

	Restricted Stock Outstanding
	Shares			Weighted Average Fair Value per Share at Grant Date
Nonvested at December 31, 2022		2,819,545		$	1.9396
Granted – restricted stock units and awards		975,909			1.80
Granted – performance-based stock units		-			-
Canceled		-			-
Vested *		(215,000	)		0.51
Nonvested at June 30, 2023		3,580,454		$	1.9877

* Of which 75,000 shares were issued in the first quarter of 2021 and 130,417 were issued in the first quarter of 2022.

Schedule of Unrecognized Stock-Based Compensation Related to a Lockup Agreement

Warrant stock activity for the six months ended June 30, 2023, was as follows:

	Warrant Activity
	Shares		Weighted Average Exercise Price		Weighted Average remaining Contractual Term (years)
Outstanding at December 31, 2022		1,750,000	$	0.0600		6.53
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Outstanding and exercisable at June 30, 2023		1,750,000	$	0.0600		6.03

Schedule of Range Exercise Prices Warrants Outstanding and Exercisable

	Warrants Outstanding						Warrants Exercisable
Range of Exercise Prices	Shares Outstanding		Weighted Avg. Remaining Contractual Life in Years		Weighted Avg. Exercise Price		Shares Exercisable		Weighted Avg. Exercise Price
$0.05 – $0.07		1,750,000		6.03	$	0.0600		1,750,000	$	0.0600
		1,750,000		6.03	$	0.0600		1,750,000	$	0.0600