Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.24.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2023
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 year ended December 31, 2023:
    Unvested
Restricted		     Weighted
Average
Grant
Date		  
    Stock     FV Price  
Unvested as of January 1, 2022    
            -
     $
-
  
Granted     32       1,539.00  
Vested     (17 )     1,539.00  
Forfeited    
-
      
-
  
Unvested as of December 31, 2022     15       1,539.00  
Granted    
-
      
-
  
Vested     (12 )     1,539.00  
Forfeited     (3 )     1,539.00  
Unvested as of December 31, 2023    
-
          
Schedule of Option Activity A summary of the option activity during the years ended December 31, 2023 and 2022 is present below:
    Number of
Options		     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining
Term
(in Years)		     Intrinsic
Value		  
Outstanding, January 1, 2022     7,201     $ 1,814.31       9.41       3,525  
Granted     1,360       516.80      
-
       -  
Outstanding, December 31, 2022     8,561       1,607.97       8.6       -  
Granted     14,193       12.73       9.0       -  
Forfeited     (4,966 )    
-
      
-
       -  
Outstanding, December 31, 2023     17,788     $ 633.95       9.0     $
-
  
                                 
Exercisable, December 31, 2023     12,211     $ 851.37       8.7     $
-
  
Schedule of Outstanding and Exercisable Stock Options A summary of outstanding and exercisable stock options as of December 31, 2023 is presented below:
Stock Options Outstanding     Stock Options Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 946.20       130       6.9       128  
$ 1,683.40       4,157       7.2       3,959  
$ 2,872.80       668       7.6       616  
$ 1,501.00       984       8.0       945  
$ 516.80       1,208       8.6       669  
$ 12.73       10,641       9.9       5,894  
 
 
       17,788       8.7       12,211  
Schedule of the Assumptions Used in the Black-Scholes Valuation Method for these Options The assumptions used in the Black-Scholes valuation method for these options which were issued in 2022 were as follows:
Risk free interest rate     2.88 %
Expected term (years)     5.00 – 5.77  
Expected volatility     91.0 %
Expected dividends     0 %
The assumptions used in the Black-Scholes valuation method for these options which were issued in 2023 were as follows:
Risk free interest rate     4.18 %
Expected term (years)     5.00 – 5.27  
Expected volatility     100.0 %
Expected dividends     0 %