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

STOCKHOLDERS??? EQUITY (Tables)

v3.23.4
STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Equity [Abstract]    
Schedule of black scholes option pricing model
     
   

At

September 30, 2023

 
Grant date share price     $2.10 - $5.13  
Grant date exercise price     $1.79 - $4.36  
Expected term     0.25 years - 0.5 years  
Expected volatility     89.7% - 103.4%  
Risk-free rate     4.76% - 5.53%  
Expected dividend rate     0 %
Schedule of stock-based compensation
       
    At
September 30, 2023
 
Cash payment received from employee withholdings   $ 189,849  
Cash from employee withholdings used to purchase shares under ESPP     (117,048 )
Cash and ESPP employee withholding liability   $ 72,801  

 

       
    For the Nine Months ended  
   

September 30,

2023

 
Cash from employee withholdings used to purchase ESPP shares   $ 117,048  
Stock based compensation expense     98,945  
Total increase to equity for nine months ended September 30, 2023   $ 215,993  
 
Schedule of stock option issuance of shares
                                 
            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       4.5     $ —    
Exercised/Forfeited/Expired       (61,608 )   $ 4.48       —       $ —    
Outstanding at September 30, 2023       1,217,775     $ 5.37       3.0     $ —    
Exercisable at September 30, 2023       581,325     $ 5.38       2.1     $ —    
                         
                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     197,506  
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 September 30, 2023     80,091     $ 8.53       0.6           
Exercisable at September 30, 2023     80,091     $ 8.53       0.6           
                         
                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