Quarterly report pursuant to Section 13 or 15(d)

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

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The following table summarizes the status of the stock options: (Details) - Stock Option Plan 2015 [Member] - Time Based Shares Options [Member] - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Outstanding at beginning 3,256,250 3,035,000
Outstanding at beginning $ 3.66 $ 3.93
Granted 65,000 40,000
Granted $ 2.21 $ 3.91
Exercised
Exercised
Forfeited 381,250
Forfeited $ 7.0
Outstanding at ending 2,940,000 3,075,000
Outstanding at ending $ 3.19 $ 3.92
Options exercisable 1,393,750 1,010,000
Options exercisable $ 3.59 $ 4.63
Weighted average fair value of options granted during the period $ 1.39 $ 2.83
Stock-based compensation expense $ 393,113 $ 535,059