Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Shareholders' Equity

v3.24.3
Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balances 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)
Balances 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      
Balances 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         (7,908,308)
Balances at Sep. 30, 2023 $ 2,549 $ 1,592,723 198,372,874 (193,470,825) 6,497,321
Balance, shares at Sep. 30, 2023 2,569,385 9,467,000      
Balances 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)
Balances 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      
Compensation expense relating to option issuances (1,591) (1,591)
Net loss (2,012,885) (2,012,885)
Compensation expense relating to restricted stock issuances $ 120 404,396   404,516
Compensation expense relating to restricted stock issuances, shares 140,000        
Common stock issued in private placement $ 404   849,404   849,808
Common stock issued in private placement, shares 404,728        
Balances at Sep. 30, 2023 $ 2,549 $ 1,592,723 198,372,874 (193,470,825) 6,497,321
Balance, shares at Sep. 30, 2023 2,569,385 9,467,000      
Balances 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)
Balances 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      
Balances 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         (7,218,795)
Balances at Sep. 30, 2024 $ 9,388 $ 1,592,723 214,912,523 (213,437,047) 3,077,587
Balance, shares at Sep. 30, 2024 9,387,547 16,955,197      
Balances 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)
Balances 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      
Compensation expense relating to option issuances 330,802   330,802
Sale of Common Stock $ 3,807 3,879,452   3,883,259
Sale of Common Stock, shares 3,806,854        
Net loss       (2,462,870) (2,462,870)
Balances at Sep. 30, 2024 $ 9,388 $ 1,592,723 $ 214,912,523 $ (213,437,047) $ 3,077,587
Balance, shares at Sep. 30, 2024 9,387,547 16,955,197