Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.24.2.u1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of stock option activity
                       
    Common Stock Options  
    Shares     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Life in years
    Intrinsic Value  
Outstanding at January 1, 2024     243     $ 44,352.41                  
Granted     1     $ 450.00                  
Forfeited     (41 )   $ 77,498.78                  
Canceled     (50 )   $ 27,720.00                  
Outstanding at June 30,2024     153     $ 40,618.53       8.13     $ 0  
Exercisable at June 30, 2024     93     $ 56,968.55       7.64     $ 0  
Schedule of assumptions
           
    2024     2023  
Volatility (based on the Company’s volatility in 2024 and peer companies in 2023)     170%       79% - 83%  
Risk free interest rate     4.5%       3.54% - 4.77%  
Dividends     None       None  
Estimated life in years     6       6  
Schedule of stock-based compensation expense
                       
   

Three Months
Ended

June 30,

2024

   

Three Months
Ended

June 30,

2023

   

Six Months
Ended

June 30,

2024

   

Six Months
Ended

June 30,

2023

 
Cost of Goods Sold   $ (1,186 )   $ 149,601     $ (11,828 )   $ 356,079  
Sales and Marketing     67,001       233,113       11,930       544,871  
Product Development     83,733       100,379       126,337       308,971  
General and Administrative     138,203       142,301       159,390       472,906  
Total   $ 287,751     $ 625,394     $ 285,829     $ 1,682,827