General form of registration statement for all companies including face-amount certificate companies

COMMON STOCK OPTIONS AND WARRANTS (Tables)

v3.23.2
COMMON STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]    
Schedule of Options Activity
                         
                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
     Number of     Exercise     Contractual     Intrinsic  
    Options     Price     Term (Years)     Value  
Outstanding at December 31, 2021     431,266     $ 4.98       3.4        
Granted     685,000     $ 6.41       4.0        
Forfeited     (190,000 )   $ 6.41              
Outstanding at December 31, 2022     926,266     $ 5.74       3.3        
Exercisable at December 31, 2022     404,599     $ 5.02       3.3        
                                 
Outstanding at December 31, 2022     926,266     $ 5.74       3.3        
Granted                        
Exercised/Forfeited/Expired     (1,608 )   $ 14.00              
Outstanding at March 31, 2023     924,658     $ 5.73       3.0        
Exercisable at March 31, 2023     574,658     $ 5.36       3.0        
                         
                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Shares     Price     Term (Years)     Value  
Outstanding at December 31, 2020     451,898     $ 5.06       4.2        
Granted     20,000     $ 4.32       4.0        
Forfeited     (40,632 )   $ 14.00              
Outstanding at December 31, 2021     431,266     $ 4.98       3.4     $ 197,506  
Exercisable at December 31, 2021     312,310     $ 5.25       3.4        
                                 
Outstanding at December 31, 2021     431,266     $ 4.98       3.4        
Granted     685,000     $ 6.41       4.0        
Exercised/Forfeited     (190,000 )   $ 6.41              
Outstanding at December 31, 2022     926,266     $ 5.74       3.3     $ 0  
Exercisable at December 31, 2022     404,599     $ 5.02       3.3        
Schedule of Fair Value Assumptions  
         
    For the Years Ended
December 31,
    2022   2021
Risk free interest rate   0.973.15%   0.18%
Expected term in years   3.25 - 3.50   3.50
Dividend yield    
Volatility of common stock   72-80%   91.6%
Schedule of Warrants Outstanding
                       
                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Warrants     Price     Term (Years)     Value  
Outstanding at December 31, 2021     1,376,466     $ 8.18       1.9           
Warrants expired, forfeited, cancelled or exercised     (1,228,875 )              —         —    
Warrants issued     —                  —         —    
Outstanding at December 31, 2022     147,591     $ 8.63       0.8       —    
Exercisable at December 31, 2022     147,591     $ 8.63       0.8           
                                 
Outstanding at December 31, 2022     147,591     $ 8.63       0.8           
Warrants expired, forfeited, cancelled or exercised     (67,500 )              —         —    
Warrants issued                       —         —    
Outstanding at March 31, 2023     80,091     $ 8.53       1.1       —    
Exercisable at March 31, 2023     80,091     $ 8.53       1.1           

 

                         
                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Warrants     Price     Term (Years)     Value  
Outstanding at December 31, 2020     1,587,553     $ 8.62       2.0        
Warrants expired, forfeited, cancelled or exercised     (232,517 )                        
Warrants issued     21,430     $ 7.70       1.9        
Outstanding at December 31, 2021     1,376,466     $ 8.18       1.9        
Exercisable at December 31, 2021     1,376,466     $ 8.18       1.9        
                                 
Outstanding at December 31, 2021     1,376,466     $ 8.18       1.9        
Warrants expired, forfeited, cancelled or exercised     (1,228,875 )                      
Warrants issued     0     $              
Outstanding at December 31, 2022     147,591     $ 8.63       0.8        
Exercisable at December 31, 2022     147,591     $ 8.63       0.8