Quarterly report pursuant to Section 13 or 15(d)

Stock-based Payments (Tables)

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Stock-based Payments (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

The following table summarizes the activities for the Company’s stock options for the six months ended June 30, 2024:

 

                      Weighted        
                      Average        
          Weighted     Weighted     Remaining        
          Average     Average     Contractual     Aggregate  
    Number of     Exercise     Grant Date     Term     Intrinsic  
    Shares     Price     Fair Value     (years)     Value  
Balance at December 31, 2023     139,840     $ 46.09     $ 42.34       8.17     $ -  
Granted     -       -       -       -       -  
Exercised     -       -       -       -       -  
Forfeited     (36,668 )     26.62       26.28       9.17       -  
Canceled/Expired     -       -       -       -       -  
Balance at June 30, 2024     103,172     $ 53.01     $ 48.40       7.14     $ -  
Exercisable as of June 30, 2024     85,226     $ 52.84     $ 47.95       6.84     $ -  
Summary of Restricted Stock Units Activity

The following is the status of outstanding unvested restricted stock units outstanding as of June 30, 2024 and the changes for the six months ended June 30, 2024:

 Summary of Restricted Stock Units Activity

          Weighted  
          Average  
    Number of     Grant Date  
    RSUs     Fair Value  
Balance at December 31, 2023     88,668     $ 242.70  
Granted     -       -  
Vested     -       -  
Forfeited     (40,000 )     242.70  
Canceled/Expired     -       -  
Balance at June 30, 2024     48,668     $ 242.70