Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders' Equity

v3.24.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2021 $ 2,003 $ 2,656,713 $ 195,101,611 $ (171,274,128) $ 26,486,199
Balance, shares at Dec. 31, 2021 2,002,946 16,017,000      
Compensation expense relating to option issuances 742,203 742,203
Net loss (14,288,389) (14,288,389)
Conversion of Series A preferred stock to common stock $ 7 $ (415,169) 415,162
Conversion of Series A preferred stock to common stock, shares 6,667 (4,000,000)      
Conversion of Series B preferred stock to common stock $ 9 $ (648,821) 648,812
Conversion of Series B preferred stock to common stock, shares 8,500 (2,550,000)      
Proceeds from issuance of common stock $ 6   69,283   69,289
Proceeds from issuance for common stock, shares 6,544        
Balance at Dec. 31, 2022 $ 2,025 $ 1,592,723 196,977,071 (185,562,517) 13,009,302
Balance, shares at Dec. 31, 2022 2,024,657 9,467,000      
Compensation expense relating to option issuances 550,083 550,083
Compensation expense relating to restricted stock issuances $ 140 466,605 466,745
Compensation expense relating to restricted stock issuances, shares 140,000      
Issuance of Series F preferred stock   8,947,834 8,947,834
Issuance of Series F preferred stock, shares   8,000,000      
Conversion of Series F preferred stock to common stock $ 511 (511)
Conversion of Series F preferred stock to common stock, shares 511,308 (511,803)      
Common stock issued in private placement $ 405 849,522 849,927
Common stock issued in private placement, shares 404,728      
Net loss (20,655,737) (20,655,737)
Balance at Dec. 31, 2023 $ 3,081 $ 1,592,723 $ 207,790,604 $ (206,218,254) $ 3,168,154
Balance, shares at Dec. 31, 2023 3,080,693 16,955,197