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

RELATED PARTY TRANSACTIONS (Tables)

v3.23.3
RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Related Party Transactions [Abstract]    
Schedule of black scholes option pricing model
     
   

June 30,

2023

 
Grant date share price   $ 2.10  
Grant date exercise price   $ 1.79  
Expected term     0.5 years  
Expected volatility     103.4 %
Risk-free rate     4.76 %
Expected dividend rate     0 %
 
Schedule of stock-based compensation
         
    For the six months ended  
   

June 30,

2023

 
Cash payment received from employee withholdings   $ 117,048  
Stock based compensation expense     66,217  
Total charges related to the Employee Stock Purchase Plan     183,265  
 
Schedule of stock option issuance of shares
                         
                  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       353,117     4.22       4.76     —    
  Exercised/Forfeited/Expired       (61,608 )   $ 4.48       —       —    
  Outstanding at June 30, 2023       1,217,775     $ 5.37       3.3     —    
  Exercisable at June 30, 2023       581,325     $ 5.38       2.4     —    
                         
                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 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 June 30, 2023     80,091     $ 8.53       0.9       —    
Exercisable at June 30, 2023     80,091     $ 8.53       0.9       —    
                         
                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