Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY

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STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Total
Beginning balance, value at Dec. 31, 2020 $ 466,801 $ 35,880,986 $ 3,652,754 $ (3,843,562) $ 36,156,979
Balance beginning (in shares) at Dec. 31, 2020 46,680,119        
Issuance of stock-based compensation $ 958 432,696 433,654
Issuance of stock-based compensation (in shares) 95,725        
Compensation expense related to stock options 2,049,041 2,049,041
Compensation expense related to restricted stock awards 224,859 224,859
Litigation settlement share issuance $ 952 937,142 938,094
Litigation settlement share issuance (in shares) 95,238        
Issuance upon options exercised $ 11,730 1,249,521 1,261,251
Issuance upon options exercised (in shares) 1,173,080        
Net loss (4,562,823) (4,562,823)
Ending balance, value at Dec. 31, 2021 $ 480,441 40,774,245 (910,069) (3,843,562) 36,501,055
Balance ending (in shares) at Dec. 31, 2021 48,044,162        
Issuance of stock-based compensation $ 2,066 511,016 513,082
Issuance of stock-based compensation (in shares) 206,570        
Compensation expense related to stock options 2,083,396 2,083,396
Compensation expense related to restricted stock awards 500 482,449 482,949
Issuance upon options exercised $ 5,612 401,011 406,623
Issuance upon options exercised (in shares) 561,159        
Net loss (8,661,142) (8,661,142)
Compensation expense related to restricted stock awards (in shares) 50,000        
Ending balance, value at Dec. 31, 2022 $ 488,619 $ 44,252,117 $ (9,571,211) $ (3,843,562) $ 31,325,963
Balance ending (in shares) at Dec. 31, 2022 48,861,891