Quarterly report pursuant to Section 13 or 15(d)

16. Stock Options (Tables)

v3.23.3
16. Stock Options (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Stock option Assumptions
Assumptions  

Nine months ended

September 30, 2023
Exercise price   $     0.89  
Risk free interest rate         3.77 %
Expected life of options     10 years
Expected volatility of underlying stock         200.0 %
Expected dividend rate     0 %
Stock Option Activity
Stock Option Activity Number of shares   Exercise price per share   Weighted average exercise price  
Outstanding January 1, 2022     2,766,438     $ 1.84 to 5.10     $ 2.92  
Granted     270,000       0.454 to 2.50       1.67  
Forfeited/cancelled     (652,375 )      1.84 to 2.80       1.85  
Exercised     —         —         —    
Outstanding December 31, 2022     2,384,063     $ 0.454 to 5.10     $ 3.07  
Granted     417,394           0.89       0.89  
Forfeited/cancelled     (135,000 )      0.45 to  4.07       2.03  
Exercised     —         —         —    
Outstanding September 30, 2023     2,666,457     $ 0.454 to 5.10     $ 2.78  
Stock Options - Stock options outstanding
Stock Options Outstanding  
    Options outstanding   Options exercisable

 

Exercise price

     Number of shares       Weighted average remaining years       Weighted average exercise price       Number of shares       Weighted average exercise price  
$0.45     60,000       8.99               30,000          
$0.89     417,394       9.38               348,204          
$2.03     659,000       7.01               659,000          
$2.50     100,000       8.50               25,000          
$2.72     25,000       2.75               25,000          
$2.80     216,250       5.98               213,490          
$2.96     70,313       5.77               70,313          
$3.43     25,000       8.22               9,000          
$4.03     1,020,000       7.76               665,000          
$4.20     25,000       7.59               17,000          
$5.10     48,500       7.96               48,500          
      2,666,457       7.65     $ 2.78       2,110,507     $ 2.67