Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders' Equity

v3.23.1
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, 2020 $ 1,579 $ 7,174,854 $ 164,113,145 $ (154,444,983) $ 16,844,595
Balance, shares at Dec. 31, 2020 1,579,142 16,017,133      
Compensation expense relating to option issuances 1,688,022 1,688,022
Series C dividend $ 1,117,531 (1,117,531)
Series C dividend, shares   33.016      
Series C Redemption $ (5,635,672) (5,635,672)
Series C Redemption, shares   (166)      
ATM Offering-net of expenses $ 368 26,676,024 26,676,392
ATM offering - net of expenses, shares 368,236        
Issuance of common stock from warrant exercise $ 43 2,261,294 2,261,337
Issuance of common stock from warrant exercise, shares 42,549        
Issuance of common stock from option exercise $ 13 363,126 363,139
Issuance of common stock from option exercise, shares 13,019        
Net loss (15,711,614) (15,711,614)
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
Issuance of common stock from option exercise, shares        
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 for 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