Quarterly report pursuant to Section 13 or 15(d)

Shareholders Equity (Tables)

v3.23.1
Shareholders Equity (Tables)
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Schedule of Restricted Stock Activity

A summary of the restricted stock activity is presented as follows:

Schedule of Restricted Stock Activity 

          Weighted
Average		  
          Grant Date  
    Shares     Fair Value  
             
Outstanding at                
December 31, 2022     105,480     $ 4.48  
Granted     10,417       3.84  
Vested     (6,510 )     10.08  
March 31, 2023     109,387     $ 4.08  
Schedule of Stock Option Activity

The following table represents stock option activity during the three months ended March 31, 2023:

Schedule of Stock Option Activity

    Number of Options     Weighted Average
Exercise Price		     Weighted Average Remaining Contractual Term
(years)		  
Outstanding at December 31, 2022     93,481     $ 10.88       4.2  
Options granted     254,824       7.28       5.0  
Options forfeited     (3,125 )     8.00       4.6  
Outstanding at March 31, 2023     345,180     $ 8.24       5.0  
Exercisable at March 31, 2023     120,690       7.28       5.6  
Schedule of Fair Value Assumptions

Schedule of Fair Value Assumptions

    Three Months Ended
March 31, 2023		  
Valuation assumptions:        
Risk-free rate     4 %
Expected volatility     59%-62 %
Expected term (years)     2.5-4.5  
Dividend yield     0 %