Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.23.3
Stockholders’ Equity (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of assumptions
               
       Nine months ended  
       September 30,  
      2023       2022  
Expected term      5 years         4.94 - 5 years  
Expected average volatility     49 - 51%        49 - 50%   
Expected dividend yield     —       —  
Risk-free interest rate     1.50 –4.45%        1.50 – 2.96%  
Schedule of expected volatility of option
                                 
    Options Outstanding   Weighted Average    
    Number of   Weighted Average   Remaining life    
    Options   Exercise Price   (years)   Fair value of option
                 
Outstanding, December 31, 2022       1,283,571     $ 4.14       8.95       2,256,233  
Granted       —       —       —       —  
Exercised       —       —       —          
Expired       (44,394 )     (5.40 )     —       (101,960 )
Forfeited/canceled       (25,000 )     —       —       —  
Outstanding, September 30, 2023       1,214,177     $ 4.13       8.21       4,410,507  
                                   
  Exercisable options, September 30, 2023       821,100     $ 4.41       8.61          
Forza 2022 Stock Incentive Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of assumptions
       
      Nine Months Ended  
      September 30,  
      2023  
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    
    Options   Exercise Price   (years)   Fair value of option
                 
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       9.97     $ 4,009,913  
Granted       —       —       —       —  
Exercised       —       —                  
Forfeited/canceled       (44,722 )     1.33       9.66       —  
Outstanding, September 30, 2023       1,396,778     $ 3.48       9.01     $ 4,009,913  
                                   
Exercisable options, September 30, 2023       476,639     $ 3.85       8.98