Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Shareholders' Equity

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Condensed 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, 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 79,966 79,966
Net loss (2,844,837) (2,844,837)
Balance at Mar. 31, 2023 $ 2,025 $ 1,592,723 197,057,037 (188,407,354) 10,244,431
Balance, shares at Mar. 31, 2023 2,024,657 9,467,000      
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      
Net loss         (5,895,423)
Balance at Jun. 30, 2023 $ 2,025 $ 1,592,723 197,120,665 (191,457,940) 7,257,473
Balance, shares at Jun. 30, 2023 2,024,657 9,467,000      
Balance at Mar. 31, 2023 $ 2,025 $ 1,592,723 197,057,037 (188,407,354) 10,244,431
Balance, shares at Mar. 31, 2023 2,024,657 9,467,000      
Compensation expense relating to option issuances 63,628 63,628
Net loss (3,050,586) (3,050,586)
Balance at Jun. 30, 2023 $ 2,025 $ 1,592,723 197,120,665 (191,457,940) 7,257,473
Balance, shares at Jun. 30, 2023 2,024,657 9,467,000      
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      
Compensation expense relating to option issuances 69,344 69,344
Sale of Common Stock $ 1,400 1,837,201 1,838,601
Sale of Common Stock, shares 1,400,000        
Net loss (2,450,833) (2,450,833)
Balance at Mar. 31, 2024 $ 4,481 $ 1,592,723 209,697,149 (208,669,087) 2,625,266
Balance, shares at Mar. 31, 2024 4,480,693 16,955,197      
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      
Net loss         (4,755,923)
Balance at Jun. 30, 2024 $ 5,581 $ 1,592,723 210,702,269 (210,974,177) 1,326,396
Balance, shares at Jun. 30, 2024 5,580,693 16,955,197      
Balance at Mar. 31, 2024 $ 4,481 $ 1,592,723 209,697,149 (208,669,087) 2,625,266
Balance, shares at Mar. 31, 2024 4,480,693 16,955,197      
Compensation expense relating to option issuances 58,220 58,220
Sale of Common Stock $ 1,100 946,900 948,000
Sale of Common Stock, shares 1,100,000        
Net loss (2,305,090) (2,305,090)
Balance at Jun. 30, 2024 $ 5,581 $ 1,592,723 $ 210,702,269 $ (210,974,177) $ 1,326,396
Balance, shares at Jun. 30, 2024 5,580,693 16,955,197