Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.24.1
Stock Options (Tables)
 12 Months Ended
Dec. 31, 2023
Stock Options [Abstract]  
Schedule of Stock Option Activity Stock option activity for the years ended December 31, 2023 and 2022 was as follows:
    Number of
Options		     Weighted average
exercise price
per share		     Weighted-
average
remaining
contractual term
(years)		     Aggregate
intrinsic
value
(in thousands)		  
Outstanding, January 1, 2023     65,000     $ 45.63       9.12     $
-
  
Granted     44,000     $ 9.82      
-
     $
-
  
Expired/Cancelled     (10,000 )   $
-
      
-
     $
-
  
Exercised    
-
     $
-
      
-
     $
-
  
Outstanding, December 31, 2023     99,000     $ 32.38       8.55     $
-
  
                                 
Exercisable, December 31, 2023     55,500     $ 44.71       8.39     $
-
  
                                 
Outstanding, January 1, 2022     30,000     $ 86.20       9.74     $
-
  
Granted     40,000     $ 22.00      
-
     $
-
  
Expired/Cancelled     (5,000 )   $ 100.00      
-
     $
-
  
Exercised    
-
     $
-
      
-
     $
-
  
Outstanding, December 31, 2022     65,000     $ 45.63       9.12     $
-
  
                                 
Exercisable, December 31, 2022     10,833     $ 92.00       8.71     $
-
  
Schedule of Weighted-Average Assumptions The following weighted-average assumptions were used in the Black-Scholes calculations:
    Year ended December 31,  
    2023     2022  
Expected volatility     68.6 %     40.5 %
Expected term (in years)     6.5       6.5  
Weighted-average risk-free interest rate     4.1 %     3.3 %
Weighted average fair value of underlying interest   $ 0.49     $ 1.10  
Expected dividends    
-
      
-