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Stock Option Plans and Agreements (Tables)
6 Months Ended
Jun. 30, 2023
Stock Option Plans and Agreements  
Stock option valuation assumptions

Risk-free interest rate

 

3.57% - 3.98

Expected dividend yield

 

 

0%

Expected stock price volatility

 

 

110%

Expected life of options (years)

 

 

2.75

 

Stock option activity

 

 

Number of

 

 

Weighted

 

 

Remaining

 

Aggregate

 

 

 

Options

 

 

Average

 

 

Contractual

 

Intrinsic

 

 

 

Outstanding

 

 

Exercise Price

 

 

Term

 

Value

 

Outstanding at December 31, 2022

 

 

131,789

 

 

$6.03

 

 

 

 

 

 

Granted

 

 

47,600

 

 

 

1.20

 

 

 

 

 

 

Expired

 

 

(6,335)

 

 

3.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2023

 

 

173,054

 

 

$5.14

 

 

 2.9 years

 

$0.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At June 30, 2023- vested or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

expected to vest

 

 

158,054

 

 

$5.14

 

 

 2.7 years

 

$0.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable

 

 

158,054

 

 

$5.14

 

 

 2.7 years

 

$0.00