Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Changes of Shareholders Equity

v3.23.3
Condensed Statements of Changes of Shareholders Equity - USD ($)
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Treasury Stock
Total
Balances, Beginning at Dec. 31, 2021 $ 833 $ 58,425,604 $ (43,925,373)   $ 14,501,064
Balances, Beginning (in shares) at Dec. 31, 2021 8,330,390        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation expense   131,906     131,906
Net loss     (3,960,308)   (3,960,308)
Balances, Ending at Mar. 31, 2022 $ 833 58,557,510 (47,885,681)   10,672,662
Balances, Ending (in shares) at Mar. 31, 2022 8,330,390        
Balances, Beginning at Dec. 31, 2021 $ 833 58,425,604 (43,925,373)   14,501,064
Balances, Beginning (in shares) at Dec. 31, 2021 8,330,390        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss         (10,203,278)
Balances, Ending at Sep. 30, 2022 $ 1,833 63,351,653 (54,128,651)   9,224,835
Balances, Ending (in shares) at Sep. 30, 2022 18,330,390        
Balances, Beginning at Mar. 31, 2022 $ 833 58,557,510 (47,885,681)   10,672,662
Balances, Beginning (in shares) at Mar. 31, 2022 8,330,390        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation expense   136,957     136,957
Net loss     (3,667,255)   (3,667,255)
Balances, Ending at Jun. 30, 2022 $ 833 58,694,467 (51,552,936)   7,142,364
Balances, Ending (in shares) at Jun. 30, 2022 8,330,390        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Proceeds from issuance of common stock, net of issuance costs $ 1,000 4,492,920     4,493,920
Issuance of common shares, net of costs (shares) 10,000,000        
Share-based compensation expense   164,266     164,266
Net loss     (2,575,715)   (2,575,715)
Balances, Ending at Sep. 30, 2022 $ 1,833 63,351,653 (54,128,651)   9,224,835
Balances, Ending (in shares) at Sep. 30, 2022 18,330,390        
Balances, Beginning at Dec. 31, 2022 $ 1,833 63,497,868 (56,173,207)   7,326,494
Balances, Beginning (in shares) at Dec. 31, 2022 18,330,390        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation expense   161,697     161,697
Net loss     (1,516,864)   (1,516,864)
Balances, Ending at Mar. 31, 2023 $ 1,833 63,659,565 (57,690,071)   5,971,327
Balances, Ending (in shares) at Mar. 31, 2023 18,330,390        
Balances, Beginning at Dec. 31, 2022 $ 1,833 63,497,868 (56,173,207)   $ 7,326,494
Balances, Beginning (in shares) at Dec. 31, 2022 18,330,390        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Exercise of warrants (in shares)         285,674
Shares surrendered in cashless warrant exercises         $ (299,129)
Shares surrendered in cashless warrant exercises (in shares)         192,951
Net loss         $ (4,192,842)
Balances, Ending at Sep. 30, 2023 $ 1,926 65,424,994 (60,366,049) $ (299,110) 4,761,761
Balances, Ending (in shares) at Sep. 30, 2023 19,257,937        
Balances, Beginning at Mar. 31, 2023 $ 1,833 63,659,565 (57,690,071)   5,971,327
Balances, Beginning (in shares) at Mar. 31, 2023 18,330,390        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Exercise of warrants $ 47 292,208     292,255
Exercise of warrants (in shares) 467,625        
Shares surrendered in cashless warrant exercises $ (19)     (292,236) (292,255)
Shares surrendered in cashless warrant exercises (in shares) (189,560)        
Share-based compensation expense   161,664     161,664
Net loss     (1,440,904)   (1,440,904)
Balances, Ending at Jun. 30, 2023 $ 1,861 64,113,437 (59,130,975) (292,236) 4,692,087
Balances, Ending (in shares) at Jun. 30, 2023 18,608,455        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Proceeds from issuance of common stock, net of issuance costs $ 64 1,156,379     1,156,443
Issuance of common shares, net of costs (shares) 641,873        
Exercise of warrants $ 1 6,873     6,874
Exercise of warrants (in shares) 11,000        
Shares surrendered in cashless warrant exercises       (6,874) (6,874)
Shares surrendered in cashless warrant exercises (in shares) (3,391)        
Share-based compensation expense   148,305     148,305
Net loss     (1,235,074)   (1,235,074)
Balances, Ending at Sep. 30, 2023 $ 1,926 $ 65,424,994 $ (60,366,049) $ (299,110) $ 4,761,761
Balances, Ending (in shares) at Sep. 30, 2023 19,257,937