v3.22.4
Shareholders’ Equity (Deficit) (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Equity [Abstract]    
Summary of Warrants

A summary of warrants for the nine months ended September 30, 2022 is as follows:

 

       Weighted 
   Number of   Average 
   Options   Exercise Price 
Balance outstanding, December 31, 2021   6,578,360   $4.97 
Warrants granted   270,001    4.00 
Warrants exercised   (779,000)   2.00 
Warrants expired or forfeited   -    - 
Balance outstanding, September 30, 2022   6,069,361   $4.67 
Balance exercisable, September 30, 2022   5,969,361   $4.68 

A summary of warrants for the years ended December 31, 2021 and 2020, is as follows:

 

       Weighted 
       Average 
   Number of   Exercise 
   Warrants   Price 
Balance outstanding, December 31, 2019   643,750   $3.00 
Warrants granted   634,625    3.00 
Warrants exercised   -    - 
Warrants expired or forfeited   -    - 
Balance outstanding, December 31, 2020   1,278,375    3.00 
Warrants granted   5,299,985    5.45 
Warrants exercised   -    - 
Warrants expired or forfeited   -    - 
Balance outstanding, December 31, 2021   6,578,360   $4.97 
Balance exercisable, December 31, 2021   6,378,360   $5.00 
Summary of Outstanding Warrants Exercise Price  

Information relating to outstanding warrants at December 31, 2021, summarized by exercise price, is as follows:

 

            Outstanding   Exercisable 
Exercise Price Per Share   Share  

Life

(Years)

   Weighted Average Exercise Price   Shares   Weighted Average Exercise Price 
$2.00    200,000    2.50   $3.00    200,000   $2.00 
$3.00    2,587,125    1.00   $3.00    2,587,125   $3.00 
$4.00    200,000    2.50   $4.00    -   $4.00 
$6.61    3,591,235    2.76   $6.61    3,591,235   $6.61 
      6,578,360    2.06   $4.97    6,378,360   $5.00 
Summary of Options

A summary of stock options for the nine months ended September 30, 2022 is as follows:

 

       Weighted 
   Number of   Average 
   Options   Exercise Price 
Balance outstanding, December 31, 2021   4,415,000   $2.00 
Options granted   245,000    2.18 
Options exercised   -    - 
Options expired or forfeited   (50,000)   2.00 
Balance outstanding, September 30, 2022   4,610,000   $2.01 
Balance exercisable, September 30, 2022   1,858,333   $2.00 

A summary of stock options for the year ended December 31, 2021 is as follows:

 

       Weighted 
   Number of   Average 
   Options   Exercise Price 
Balance outstanding, December 31, 2020   -   $- 
Options granted   4,415,000    2.00 
Options exercised   -    - 
Options expired or forfeited   -    - 
Balance outstanding, December 31, 2021   4,415,000   $2.00 
Balance exercisable, December 31, 2021   880,417   $2.00 
Summary of Outstanding Options Exercise Price

Information relating to outstanding options at September 30, 2022, summarized by exercise price, is as follows:

 

    Outstanding   Exercisable 
            Weighted       Weighted 
Exercise Price       Life   Average       Average 
Per Share   Shares   (Years)   Exercise Price   Shares   Exercise Price 
$2.01    4,610,000    8.22   $2.01    1,858,333   $2.00 
      4,610,000    8.22   $2.01    1,858,333   $2.00 

Information relating to outstanding options at December 31, 2021, summarized by exercise price, is as follows:

 

    Outstanding   Exercisable 
            Weighted       Weighted 
Exercise Price       Life   Average       Average 
Per Share   Shares   (Years)   Exercise Price   Shares   Exercise Price 
$2.00    4,415,000    9.15   $2.00    880,417   $2.00