Quarterly report pursuant to Section 13 or 15(d)

The following table summarizes the status of the stock options: (Details)

v3.24.2.u1
The following table summarizes the status of the stock options: (Details) - Time Vesting Stock Options [Member] - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Outstanding at beginning, shares 3,256,250 3,035,000
Outstanding at beginning, price $ 3.66 $ 3.92
Granted, shares 215,000 85,000
Granted, price $ 2.12 $ 3.91
Exercised, shares
Exercised, price
Forfeited, shares 433,750
Forfeited, price $ 6.58
Outstanding at ending, shares 3,037,500 3,120,000
Outstanding at ending, price $ 3.36 $ 3.92
Options exercisable, shares 1,392,500 1,158,750
Options exercisable, price $ 3.40 $ 4.37
Weighted average fair value of options granted during the period, price $ 1.37 $ 2.78
Stock-based compensation expense $ 791,792 $ 1,075,158