Quarterly report pursuant to Section 13 or 15(d)

Statements of Changes in Shareholders' Equity (Unaudited)

v3.20.1
Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Additional Paid In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2018 $ 29,433 $ 6,100,182 $ 126,125,976 $ (111,373,608) $ 20,881,983
Balance, shares at Dec. 31, 2018 29,433,135 16,017,101.733      
Compensation expense relating to option issuances 145,829 145,829
Issuance of common stock - shelf takedown, net of expenses $ 16,667 11,399,009 11,415,676
Issuance of common stock - shelf takedown, net of expenses, shares 16,666,668      
Issuance of common stock in exchange for services $ 12 5,988 6,000
Issuance of common stock in exchange for services, shares 12,500      
Series C dividend $ 413,214 (413,214)
Series C dividend, shares 12.208      
Net loss (3,325,717) (3,325,717)
Balance at Mar. 31, 2019 $ 46,112 $ 6,513,396 137,676,802 (115,112,539) 29,123,771
Balance, shares at Mar. 31, 2019 46,112,303 16,017,113.941      
Balance at Dec. 31, 2019 $ 46,125 $ 6,513,396 138,024,957 (127,352,826) 17,231,652
Balance, shares at Dec. 31, 2019 46,124,803 16,017,113.941      
Compensation expense relating to option issuances 865,110 865,110
Series C dividend $ 661,458 (661,458)
Series C dividend, shares 19.542      
Net loss (5,187,760) (5,187,760)
Balance at Mar. 31, 2020 $ 46,125 $ 7,174,854 $ 138,890,067 $ (133,202,044) $ 12,909,002
Balance, shares at Mar. 31, 2020 46,124,803 16,017,133.483