Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited)

v3.22.2
Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Dec. 31, 2020 $ 1,419 $ 48,333,857 $ (25,395,798) $ 22,939,478
Beginning balance, shares at Dec. 31, 2020 14,187,984      
Stock-based compensation $ 1 620,590 620,591
Stock-based compensation, shares 12,500        
Shares issued in private placement, net of transaction costs $ 132 9,875,418 9,875,550
Shares issued in private placement, net of transaction costs, shares 1,321,132        
Net loss (2,099,480) (2,099,480)
Ending balance, value at Mar. 31, 2021 $ 1,552 58,829,865 (27,495,278) 31,336,139
Ending balance, shares at Mar. 31, 2021 15,521,616      
Beginning balance, value at Dec. 31, 2020 $ 1,419 48,333,857 (25,395,798) 22,939,478
Beginning balance, shares at Dec. 31, 2020 14,187,984      
Net loss         (5,256,523)
Ending balance, value at Jun. 30, 2021 $ 1,560 59,892,453 (30,652,321) 29,241,692
Ending balance, shares at Jun. 30, 2021 15,604,605      
Beginning balance, value at Mar. 31, 2021 $ 1,552 58,829,865 (27,495,278) 31,336,139
Beginning balance, shares at Mar. 31, 2021 15,521,616      
Stock-based compensation $ 4 762,592 762,596
Stock-based compensation, shares 38,300        
Net loss (3,157,043) (3,157,043)
Shares issued in connection with license agreement $ 4 299,996 300,000
Shares issued in connection with license agreement, shares 44,689        
Ending balance, value at Jun. 30, 2021 $ 1,560 59,892,453 (30,652,321) 29,241,692
Ending balance, shares at Jun. 30, 2021 15,604,605      
Beginning balance, value at Dec. 31, 2021 $ 1,571 62,306,861 (36,823,332) 25,485,100
Beginning balance, shares at Dec. 31, 2021 15,710,246      
Stock-based compensation $ 10 828,887 828,897
Stock-based compensation, shares 103,670        
Net loss (3,227,131) (3,227,131)
Acquisition of treasury stock $ (300,000) (300,000)
Acquisition of treasury stock, shares     (100,000)    
Shares issued in connection with the Purchase Agreement with Lincoln Park $ 12 449,988 450,000
Shares issued in connection with the Purchase Agreement with Lincoln Park, shares 123,609        
Ending balance, value at Mar. 31, 2022 $ 1,593 63,585,736 $ (300,000) (40,050,463) 23,236,866
Ending balance, shares at Mar. 31, 2022 15,937,525   (100,000)    
Beginning balance, value at Dec. 31, 2021 $ 1,571 62,306,861 (36,823,332) 25,485,100
Beginning balance, shares at Dec. 31, 2021 15,710,246      
Net loss         (8,391,499)
Ending balance, value at Jun. 30, 2022 $ 1,592 65,595,106 $ (300,000) (45,214,831) 20,081,867
Ending balance, shares at Jun. 30, 2022 15,919,317   (100,000)    
Beginning balance, value at Mar. 31, 2022 $ 1,593 63,585,736 $ (300,000) (40,050,463) 23,236,866
Beginning balance, shares at Mar. 31, 2022 15,937,525   (100,000)    
Stock-based compensation $ (1) 2,009,370 2,009,369
Stock-based compensation, shares (18,208)        
Net loss (5,164,368) (5,164,368)
Ending balance, value at Jun. 30, 2022 $ 1,592 $ 65,595,106 $ (300,000) $ (45,214,831) $ 20,081,867
Ending balance, shares at Jun. 30, 2022 15,919,317   (100,000)