STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 31, 2023 |
Mar. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
Jan. 07, 2022 |
Oct. 24, 2019 |
|
Common stock, shares issued | 18,544,570 | 18,544,570 | 16,984,570 | ||||||||
Unrecognized compensation expense | $ 53,475 | ||||||||||
Stock based compensation expense | $ 1,836,674 | $ 2,272,826 | |||||||||
Stock Warrant [Member] | |||||||||||
Value of warrant | $ 864,000 | ||||||||||
Common stock purchase | 101,626 | 101,626 | |||||||||
Exercise price warrant decrease | $ 1.35 | ||||||||||
Number of authorized shares | 1,733,333 | ||||||||||
Authorization of shares of common stock | 3,500,000 | 1,282,823 | |||||||||
Unrecognized compensation expense | $ 1,388,411 | ||||||||||
Stock Warrant [Member] | Consulting Agreement [Member] | |||||||||||
Common stock, shares issued | 225,000 | ||||||||||
Number of warrants to purchase common stock | 225,000 | ||||||||||
Exercise price | $ 1.35 | ||||||||||
Derscription | public offering 4,705,884 Offering Warrants, 424,116 Underwriter Warrants, and 141,177 Representative Warrants to purchase common stock of the Company at exercise prices of $4.25, $4.25 and $5.3125 per share, respectively. The warrants expire five years from the date of issuance and were valued using the Monte Carlo simulation option pricing model at approximately $5,700,000. The exercise price on the Offering Warrants and Underwriter Warrants was reduced to $2.125 per share in September | ||||||||||
Value of warrant | $ 162,481 | ||||||||||
Exercise Price Per Share, Warrants granted | $ 1.35 | $ 4.25 | |||||||||
Debt [Member] | |||||||||||
Number of warrants to purchase common stock | 386,998 | ||||||||||
Value of warrant | $ 398,517 | ||||||||||
Common stock share price | $ 2.52 | ||||||||||
Stock Options [Member] | |||||||||||
Exercise price | $ 1.88 | $ 1.88 | $ 2.07 | ||||||||
Stock options to acquire shares of common stock | 1,086,813 | ||||||||||
Stock option outstanding | 16,769 | 16,769 | |||||||||
Weighted avaerage unrecognized compensastion cost | 21 months | ||||||||||
Stock based compensation expense | $ 456,524 | $ 335,940 | $ 1,298,979 | $ 1,262,396 | |||||||
Restricted Stock Units [Member] | |||||||||||
Stock based compensation expense | $ 53,475 | $ 258,823 | $ 537,695 | $ 1,010,430 | |||||||
Restricted Stock Units [Member] | Executive Officer [Member] | |||||||||||
Exercise price warrant decrease | $ 2.39 | ||||||||||
Outstanding stock option | 980,705 | 980,705 | 537,371 | ||||||||
Unvested RSU | 150,000 | 150,000 | 200,000 | ||||||||
Common stock, shares issued | 50,000 | 50,000 | |||||||||
Restricted Stock Units [Member] | Minimum [Member] | Executive Officer [Member] | |||||||||||
Exercise price | $ 0.79 |