Annual report pursuant to Section 13 and 15(d)

COMMON STOCK OPTIONS AND WARRANTS (Tables)

v3.24.1
COMMON STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of options activity
                         
                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Shares     Price     Term (Years)     Value  
Outstanding at December 31, 2021     431,266     $ 4.98       3.4      $ 197,506  
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     463,117     $ 4.22       4.35        
Exercised/Forfeited     (1,608 )   $ 14.00              
Outstanding at December 31, 2023     1,387,775     $ 5.23       3.0     $  
Exercisable at December 31, 2023     581,324     $ 5.38       1.8        
Schedule of weighted- average assumptions
           
    For the Years Ended
December 31,
 
    2023     2022  
Risk free interest rate 3.73%       0.97%3.15%  
Expected term in years     3.50       3.253.50  
Dividend yield            
Volatility of common stock     54%118%       72% 80%  
Weighted average grant date fair value per option     $1.57       $2.33   
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     80,091     $ 8.63       0.98        
Exercisable at December 31, 2022     80,091     $ 8.63       0.8        
                                 
Outstanding at December 31, 2022     80,091     $ 8.63       0.8        
Warrants expired, forfeited, cancelled or exercised     (102,947 )   $              
Warrants issued         $              
Outstanding at December 31, 2023     44,644     $ 7.70       0.7        
Exercisable at December 31, 2023     44,644     $ 7.70       0.7