Annual report pursuant to Section 13 and 15(d)

Stockholders??? Equity (Tables)

v3.23.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of assumptions
               
      Year ended          
      December 31,          
      2022       2021  
Expected term     5 years       4.94 - 5 years  
Expected average volatility     49 - 51%       49 - 55%  
Expected dividend yield            
Risk-free interest rate     1.50 –4.45%       0.72 - 1.00%  
Schedule of expected volatility of option
                                 
      Options Outstanding   Weighted Average    
      Number of   Weighted Average   Remaining life   Fair value
      Options   Exercise Price   (years)   of options
                   
Outstanding, December 31, 2020           $           $  
Granted       754,000       5.15       10.00       1,573,297  
Exercised                          
Forfeited/canceled       (40,388 )     (5.53 )     (9.73 )     (95,003 )
Outstanding, December 31, 2021       713,612     $ 5.13       9.54     $ 1,478,294  
Granted       583,083       2.88       10.00       791,177  
Exercised                          
Forfeited/canceled       (13,124 )     (4.81 )     (8.93 )     (13,238 )
Outstanding, December 31, 2022       1,283,571     $ 4.14       8.95     $ 2,256,233  
                                   
Exercisable options, December 31, 2022       648,029     $ 4.61       8.76          
Forza 2022 Stock Incentive Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of assumptions
       
      Year ended  
      December 31,  
      2022  
Expected term     5 years  
Expected average volatility     112 - 115%  
Expected dividend yield      
Risk-free interest rate     2.98 - 3.62%  
Schedule of expected volatility of option
                               
    Options Outstanding   Weighted Average    
    Number of   Weighted Average   Remaining life   Fair value
    Options   Exercise Price   (years)   of options
                 
Outstanding, December 31, 2020         $           $  
Granted                        
Exercised                        
Forfeited/canceled                        
Outstanding, December 31, 2021         $           $  
Granted     1,441,500       3.41       10.00       4,009,913  
Exercised                          
Forfeited/canceled                        
Outstanding, December 31, 2022     1,441,500     $ 3.41       9.77       4,009,913  
                                 
Exercisable options, December 31, 2022     117,986     $ 3.41       9.77