Quarterly report pursuant to Section 13 or 15(d)

Stock Compensation Plan (Tables)

v3.23.3
Stock Compensation Plan (Tables)
 9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Schedule Of Stock Options Activity

 

    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term (In Years)     Aggregate Intrinsic Value (1)  
Outstanding at December 31, 2022     139,090     $ 41.49       7.85     $                       
Granted     9,000     $ 3.84       -     $    
Exercised     —     $ —       —     $    
Forfeited     (36,100 )   $ 53.23       -     $    
Outstanding at September 30, 2023     111,990     $ 38.30       7.50     $    
                                 
Exercisable at September 30, 2023     95,148     $ 43.46       7.20     $    

 

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing market price of our common stock as of December 31, 2022 and September 30, 2023, respectively. 
Summary of Assumptions Used to Estimate the Fair Value of Stock Options Granted

 

    Nine-months Ended
September 30, 2023		  
Risk free interest rate     4.0 %
Expected volatility of common stock     143.0 %
Dividend yield     0.0 %
Expected life of options     10 years