Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock, Common [Member]
Retained Earnings [Member]
Total
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        
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        
Net loss (3,227,131) (3,227,131)
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)    
Beginning balance, value at Dec. 31, 2022 $ 1,614 72,016,688 $ (300,000) (64,247,561) 7,470,741
Beginning balance, shares at Dec. 31, 2022 16,135,400   (100,000)    
Stock-based compensation $ 6 341,498 341,504
Stock-based compensation, shares 63,882        
Net loss (4,022,073) (4,022,073)
Shares issued in connection with capital raises, net of transaction costs $ 843 6,351,234 6,352,077
Shares issued in connection with capital raises, net of transaction costs, shares 8,432,192        
Ending balance, value at Mar. 31, 2023 $ 2,463 78,709,420 $ (300,000) (68,269,634) 10,142,249
Ending balance, shares at Mar. 31, 2023 24,631,474   (100,000)    
Beginning balance, value at Dec. 31, 2022 $ 1,614 72,016,688 $ (300,000) (64,247,561) 7,470,741
Beginning balance, shares at Dec. 31, 2022 16,135,400   (100,000)    
Net loss         (6,634,638)
Shares issued in connection with capital raises, net of transaction costs, shares 8,432,192        
Ending balance, value at Jun. 30, 2023 $ 2,463 80,339,418 $ (300,000) (70,882,199) 9,159,682
Ending balance, shares at Jun. 30, 2023 24,631,474   (100,000)    
Beginning balance, value at Mar. 31, 2023 $ 2,463 78,709,420 $ (300,000) (68,269,634) 10,142,249
Beginning balance, shares at Mar. 31, 2023 24,631,474   (100,000)    
Stock-based compensation 319,123 319,123
Net loss (2,612,565) (2,612,565)
Warrants issued in connection with consulting agreement 1,310,875 1,310,875
Ending balance, value at Jun. 30, 2023 $ 2,463 $ 80,339,418 $ (300,000) $ (70,882,199) $ 9,159,682
Ending balance, shares at Jun. 30, 2023 24,631,474   (100,000)