Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY

v3.24.0.1
STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock, Common [Member]
Total
Beginning balance, value at Dec. 31, 2021 $ 480,441 $ 40,774,245 $ (910,069) $ (3,843,562) $ 36,501,055
Beginning balance (in shares) at Dec. 31, 2021 48,044,162        
Accrued compensation paid in shares $ 2,066 511,016 513,082
Accrued compensation paid in shares (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
Compensation expense related to restricted stock awards (in shares) 50,000        
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)
Ending balance, value at Dec. 31, 2022 $ 488,619 44,252,117 (9,571,211) (3,843,562) 31,325,963
Ending balance (in shares) at Dec. 31, 2022 48,861,891        
Accrued compensation paid in shares $ 1,280 445,069 446,349
Accrued compensation paid in shares (in shares) 127,973        
Compensation expense related to stock options 1,940,720 1,940,720
Compensation expense related to restricted stock awards $ 1,000 380,801 381,801
Compensation expense related to restricted stock awards (in shares) 100,000        
Issuance upon options exercised
Net loss (13,741,062) (13,741,062)
Ending balance, value at Dec. 31, 2023 $ 490,899 $ 47,018,707 $ (23,312,273) $ (3,843,562) $ 20,353,771
Ending balance (in shares) at Dec. 31, 2023 49,089,864