Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
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
Balance at Dec. 31, 2021 $ 1,571 $ 62,306,861 $ (36,823,332) $ 25,485,100
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 purchase agreement $ 12 449,988 450,000
Shares issued in connection with purchase agreement, shares 123,609        
Net loss (3,227,131) (3,227,131)
Balance at Mar. 31, 2022 $ 1,593 63,585,736 $ (300,000) (40,050,463) 23,236,866
Balance. shares at Mar. 31, 2022 15,937,525   (100,000)    
Balance at Dec. 31, 2021 $ 1,571 62,306,861 (36,823,332) 25,485,100
Balance. shares at Dec. 31, 2021 15,710,246      
Net loss         (14,411,909)
Balance at Sep. 30, 2022 $ 1,600 68,773,666 $ (300,000) (51,235,241) 17,240,025
Balance. shares at Sep. 30, 2022 15,995,087   (100,000)    
Balance at Mar. 31, 2022 $ 1,593 63,585,736 $ (300,000) (40,050,463) 23,236,866
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)
Balance at Jun. 30, 2022 $ 1,592 65,595,106 $ (300,000) (45,214,831) 20,081,867
Balance. shares at Jun. 30, 2022 15,919,317   (100,000)    
Stock-based compensation $ 9 3,213,806 3,213,815
Stock-based compensation, shares 86,888        
Net loss (6,020,410) (6,020,410)
Shares withheld to pay income taxes on stock-based compensation $ (1) (35,246) (35,247)
Shares withheld to pay income taxes on stock-based compensation, shares (11,118)        
Balance at Sep. 30, 2022 $ 1,600 68,773,666 $ (300,000) (51,235,241) 17,240,025
Balance. shares at Sep. 30, 2022 15,995,087   (100,000)    
Balance at Dec. 31, 2022 $ 1,614 72,016,688 $ (300,000) (64,247,561) 7,470,741
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        
Balance at Mar. 31, 2023 $ 2,463 78,709,420 $ (300,000) (68,269,634) 10,142,249
Balance. shares at Mar. 31, 2023 24,631,474   (100,000)    
Balance at Dec. 31, 2022 $ 1,614 72,016,688 $ (300,000) (64,247,561) 7,470,741
Balance. shares at Dec. 31, 2022 16,135,400   (100,000)    
Net loss         (8,716,589)
Shares issued in connection with capital raises, net of transaction costs, shares 8,432,192        
Balance at Sep. 30, 2023 $ 2,473 80,429,556 $ (300,000) (72,964,150) 7,167,879
Balance. shares at Sep. 30, 2023 24,731,474   (100,000)    
Balance at Mar. 31, 2023 $ 2,463 78,709,420 $ (300,000) (68,269,634) 10,142,249
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)
Warrant granted in connection with a consulting agreement 1,310,875   1,310,875
Balance at Jun. 30, 2023 $ 2,463 80,339,418 $ (300,000) (70,882,199) 9,159,682
Balance. shares at Jun. 30, 2023 24,631,474   (100,000)    
Net loss (2,081,951) (2,081,951)
Stock-based compensation, net of forfeitures $ 10 142,884 142,894
Stock-based compensation, net of forfeitures, shares 100,000        
Settlement of stock award (52,746) (52,746)
Balance at Sep. 30, 2023 $ 2,473 $ 80,429,556 $ (300,000) $ (72,964,150) $ 7,167,879
Balance. shares at Sep. 30, 2023 24,731,474   (100,000)