Shareholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2023
Shareholders’ Equity [Abstract]  
Schedule of Activity Related to Warrants The following table summarizes the activity related to warrants:
           Weighted     
       Weighted   Average     
       Average   Remaining   Aggregate 
   Warrants   Exercise   Contractual   Intrinsic 
   Outstanding   Price   Life   Value 
Outstanding, December 31, 2022   2,500,000   $0.11    2.32   $
     -
 
Granted   
-
    
-
    
-
      
Forfeited   
-
                
Exercised   2,500,000   $0.13           
Outstanding, June 30, 2023   
-
   $
-
    
-
   $
-
 
Exercisable, June 30, 2023   
-
   $
-
    
-
   $
-
 

 

Schedule of Number of Warrant Shares Were Determined During the three months ended June 30, 2023, 1,500,000 and 1,000,000 warrants were exercised in a cashless exercise resulting in 771,845 and 517,391 common shares issued, respectively. The number of warrant shares were determined in the following manner:
X = Y(A-B)
 A
where: X= the number of warrant shares to be issued (771,845 and 517,391)
         
    Y= the number of warrant shares the holder elects to purchase (1,500,000 and 1,000,000)
         
    A= the Market Price ($0.309 and $0.23)
         
    B= Exercise Price ($0.15 and $0.111)