Definitive proxy statements

Pay vs Performance Disclosure

v3.23.3
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure [Table]    
Pay vs Performance [Table Text Block]
                                                 
Year   Summary Compensation Table Total for CEO (1)
($)
    Compensation Actually Paid to CEO (1)(2)(3)
($)
   

Average Summary Compensation Table for Non-CEO NEOs(1)

 ($)

    Average Compensation Actually Paid to Non-CEO NEOs(1)(2)(3)
($)
    Value of Initial Fixed $100 Investment Based on Total Shareholder Return(4)
($)
    Net Loss
($)
 
2022   $ 632,827     $ 425,619     $ 472,180     $ 377,162     $ 13.98     $ (6,552,353 )
2021   $ 750,231     $ 505,360     $ 514,564     $ 407,285     $ 63.24     $ (5,645,179 )
 
PEO Total Compensation Amount [1] $ 632,827 $ 750,231
PEO Actually Paid Compensation Amount [1],[2],[3] $ 425,619 505,360
Adjustment To PEO Compensation, Footnote [Text Block]

 

Year  

Summary Comp.

Table Total for

CEO

   

Minus Stock and

Option Awards

from Summ.

Comp. Table

   

Plus Year-End

Equity Value of

Unvested Awards

Granted During

Year

   

Plus Change in

Value of

Unvested Awards

Granted in Prior

Years

   

Plus Change in

Value of Prior

Years’ Awards

Vested During

Year

   

Comp. Actually

Paid to CEO

 
2022   $ 632,827     $ 98,882     $ 20,922     $ (37,387 )   $ (91,861 )   $ 425,619  
2021   $ 750,231     $ 234,052     $ 105,378     $ (57,273 )   $ (58,924 )   $ 505,360  

 

Year  

Avg. Summary

Comp. Table

Total for Other

NEOs

   

Minus Avg. Stock

and Option

Awards from

Summ. Comp.

Table

   

Plus Avg. Year-

End Equity Value

of Unvested

Awards Granted

During Year

   

Plus Avg. Change

in Value of

Unvested Awards

Granted in Prior

Years

   

Plus Avg. Change

in Value of Prior

Year’s Awards

Vested During

Year

   

Average Comp.

Actually Paid to

Other NEOs

 
2022   $ 472,180     $ 49,441     $ 10,461     $ (18,693 )   $ (37,345 )   $ 377,162  
2021   $ 514,564     $ 117,026     $ 52,689     $ (21,166 )   $ (21,776 )   $ 407,285  

 

  For the equity values included in the above tables, the valuation assumptions used to calculate fair values of stock options were materially different from those disclosed at the time of the grant of the stock options. The assumptions used in determining fair value of the stock options that vested during 2021 and 2022, or that were outstanding as of December 31, 2021 or December 31, 2022, as applicable, are as follows:

 

    Options Vested During Year or Outstanding on
    December 31 of:
    2022   2021
Expected Volatility   123.60% - 135.86%   132.43%- 137.44%
Risk-Free Interest Rate   2.15% - 4.05%   1.00%- 1.27%
Expected Dividend Yield   0%   0%
Expected Term (in years)   3.5 - 5.12   4.0 – 5.12
 
Non-PEO NEO Average Total Compensation Amount [1] $ 472,180 514,564
Non-PEO NEO Average Compensation Actually Paid Amount [1],[2],[3] 377,162 407,285
Total Shareholder Return Amount 13.98 63.24
Net Income (Loss) Attributable to Parent $ (6,552,353) $ (5,645,179)
PEO Name Jeffrey Eisenberg Jeffrey Eisenberg
PEO [Member] | Adjustment Type 1 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ 98,882 $ 234,052
PEO [Member] | Adjustment Type 2 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 20,922 105,378
PEO [Member] | Adjustment Type 3 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount (37,387) (57,273)
PEO [Member] | Adjustment Type 4 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount (91,861) (58,924)
PEO [Member] | Adjustment Type 5 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 425,619 505,360
Non-PEO NEO [Member] | Adjustment Type 1 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 49,441 117,026
Non-PEO NEO [Member] | Adjustment Type 2 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 10,461 52,689
Non-PEO NEO [Member] | Adjustment Type 3 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount (18,693) (21,166)
Non-PEO NEO [Member] | Adjustment Type 4 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount (37,345) (21,776)
Non-PEO NEO [Member] | Adjustment Type 5 [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ 377,162 $ 407,285
[1] The CEO for 2022 and 2021 is Jeffrey Eisenberg. The Non-CEO NEOs for whom average compensation is presented in this table for 2022 and 2021 are James Parslow and Dr. Curtis Lockshin.
[2] Compensation Actually Paid reflects the exclusions and inclusions for the CEO and the Non-CEO NEOs set forth below. Amounts excluded, which are set forth in the table below in the “Minus Stock and Option Awards from Summ. Comp. Table” columns below, represent the Stock Awards and Option Awards reported in the Stock Awards and Option Awards columns of the Summary Compensation Table for each applicable year. Amounts added back to determine Compensation Actually Paid are made up of the following components as applicable: (i) the fair value as of the end of the fiscal year of outstanding and unvested equity awards granted in that year; (ii) the change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year; (iii) the fair value as of the vesting date of equity awards that were granted and vested in that year, if any and (iv) the change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year. The fair value at the end of the prior year of awards granted in any prior year that failed to meet applicable vesting conditions during the covered year are subtracted, although there were no such awards for the CEO or the Non-CEO NEOs in 2021 or 2022. Equity values are calculated in accordance with ASC Topic 718.
[3] The amounts shown as Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by the Company’s NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table for each year, adjusted as described in footnote 3 below.