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

Stockholders??? Equity (Deficit) (Tables)

v3.24.0.1
Stockholders’ Equity (Deficit) (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Stockholders' Equity [Abstract]    
Schedule of Restricted Stock Shares Granted and Outstanding Below is a table summarizing the Restricted Stock Shares granted and outstanding as of and for the quarter ended September 30, 2023:
    Unvested
Restricted		     Weighted
Average
Grant
Date		  
    Stock     FV Price  
Unvested as of January 1, 2023     275     $ 81.00  
Granted    
-
      
-
  
Vested     (190 )     81.00  
Forfeited     (55 )    
-
  
Unvested as of September 30, 2023     30       81.00  
Total unrecognized expense remaining   $ 2,430          
Weighted-average years expected to be recognized over     0.25      
-
  

 

 Below is a table summarizing the Restricted Stock Shares granted and outstanding as of and for the year ended December 31, 2022:
    Unvested
Restricted		     Weighted
Average
Grant
Date		  
    Stock     FV Price  
Unvested as of January 1, 2022    
-
     $
-
  
Granted     600       81.00  
Vested     325       81.00  
Unvested as of December 31, 2022     275       81.00  
Total unrecognized expense remaining   $ 22,275          
Weighted-average years expected to be recognized over     1.0      
-
  
Schedule of Option Activity A summary of the option activity during the nine months ended September 30, 2023 is presented below:
                Weighted        
          Weighted     Average        
          Average     Remaining        
    Number of     Exercise     Term     Intrinsic  
    Options     Price     (Years)     Value  
Outstanding, January 1, 2023     162,956     $ 84.63       8.6      
       -
  
Granted     269,776       0.67       9.9      
-
  
Exercised    
-
      
-
      
-
      
-
  
Forfeited/Expired     (15,000 )    
-
      
-
      
-
  
Outstanding, September 30, 2023     417,732     $ 30.61       9.2     $ -  
                                 
Exercisable, September 30, 2023     177,987     $ 55.52       8.5     $ -  
    Number of
Warrants		     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining
Life in
Years		     Intrinsic
Value		  
                         
Outstanding, January 1, 2023     3,435,728     $ 30.92       5.1     $        -  
Issued     11,305,205       0.48       5.0      
-
  
Exercised     (1,834,140 )     0.0001      
-
      
-
  
Cancelled    
-
       -      
-
      
-
  
Expired    
-
      
-
      
-
      
-
  
Outstanding, September 30, 2023     12,906,793     $ 8.43       3.4     $ -  
                                 
Exercisable, September 30, 2023     12,906,793     $ 8.43       3.4      
-
  
A summary of the option activity during the years ended December 31, 2022 and 2021 is present below:
   

Number of

Options

    

Weighted

Average

Exercise

Price

     Weighted Average Remaining Term (in Years)    

Intrinsic

Value

  
Outstanding, January 1, 2021     2,500       49.80       9.92      
-
  
Granted     134,550       96.34      
-
      
-
  
Exercised    
-
      
-
      
-
      
-
  
Expired    
-
      
-
      
-
      
-
  
Forfeited    
-
      
-
      
-
      
-
  
Outstanding, December 31, 2021     137,050       95.49       9.41       3,525  
Granted     25,906       27.20      
-
      
-
  
Exercised    
-
      
-
      
-
      
-
  
Expired    
-
      
-
      
-
      
-
  
Forfeited    
-
      
-
      
-
      
-
  
Outstanding, December 31, 2022     162,956       84.63       8.60     $
-
  
                                 
Exercisable, December 31, 2022     93,336       83.47       8.50     $
-
  
Schedule of Outstanding and Exercisable Stock Options A summary of outstanding and exercisable stock options as of September 30, 2023 is presented below:
Stock Options Outstanding     Stock Options Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 49.80       2,500       7.2       2,500  
$ 88.60       79,000       7.4       70,222  
$ 151.20       21,800       7.8       11,808  
$ 79.00       18,750       8.2       17,240  
$ 27.20       25,906       8.6       12,691  
$ 0.67       269,776       9.9       63,526  
          417,732       8.5       177,987  
Warrants Outstanding     Warrants Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 100.00       128,200       2.4       128,200  
$ 105.60       3,183       1.6       3,183  
$ 141.40       1,250       0.8       1,250  
$ 150.00       125,000       2.9       125,000  
$ 230.00       300,062       2.1       300,062  
$ 0.83       13,950,976       5.0       13,950,976  
$ 0.65       4,615,385       5.0       4,615,385  
$ 0.0001       3,285,000       -       3,285,000  
          12,906,793       4.9       12,906,793  
A summary of the option activity during the years ended December 31, 2022 and 2021 is present below:
Stock Options Outstanding     Stock Options Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 49.80       2,500       7.9       2,500  
$ 88.60       79,000       8.2       54,422  
$ 151.20       21,800       8.6       7,721  
$ 79.00       33,750       8.9       17,318  
$ 27.20       25,906       9.4       11,375  
          162,956       8.5       93,337  
Schedule of Special Voting Shares Activity   The following table summarizes the Special Voting Shares activity during the years ended December 31, 2022 and 2021:
Balance, January 1, 2021     73,488  
Shares issued    
-
  
Shares exchanged     (73,224 )
Balance, December 31, 2021     264  
    Shares issued    
-
  
    Shares exchanged    
-
  
Balance, December 31, 2022     264  

 
Schedule of Estimated Using the Black Scholes Valuation Method Assumptions   The assumptions used in the Black-Scholes valuation method for these options which were issued in 2021 were as follows:
Risk free interest rate   0.75% - 0.99%
Expected term (years)   5.62 - 6.01
Expected volatility   84% - 98.5%
Expected dividends   0%
Risk free interest rate   2.88%
Expected term (years)   5.00 - 5.77
Expected volatility   91.0%
Expected dividends   0%