Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.23.1
Stock Options (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock option activity
   

Number of

Options

     Weighted average
exercise price
per share		     Weighted-average
remaining
contractual term
(years)		     Aggregate
intrinsic
value
(in thousands)		  
Outstanding, January 1, 2021     -     $ -                  -     $               -  
Granted     600,000     $ 4.31       -     $ -  
Expired/Cancelled     -     $ -       -     $ -  
Exercised     -     $ -       -     $ -  
Outstanding, December 31, 2021     600,000     $ 4.31       9.74     $ -  
                                 
Exercisable, December 31, 2021     100,000     $ 5.00       9.71     $ -  
                                 
Outstanding, January 1, 2022     600,000     $ 4.31       9.74     $ -  
Granted     800,000     $ 1.10       -     $ -  
Expired/Cancelled     (100,000 )   $ 5.00       -     $ -  
Exercised     -     $ -       -     $ -  
Outstanding, December 31, 2022     1,300,000     $ 2.28       9.12     $ -  
                                 
Exercisable, December 31, 2022     216,667     $ 4.60       8.71     $ -  

 
Schedule of weighted-average assumptions were used in the black-scholes
    Year ended December 31,  
    2022     2021  
Expected volatility     40.5 %     48.3 %
Expected term (in years)     6.5       6.3  
Weighted-average risk-free interest rate     3.3 %     1.3 %
Weighted average fair value of underlying interest   $ 1.10     $ 3.47  
Expected dividends     -       -