Annual report pursuant to Section 13 and 15(d)

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
The estimated amortization expense for the succeeding years for the intangible assets is approximately:

The estimated amortization expense for the succeeding years for the intangible assets is approximately:

 

Year Ending December 31,      
2024   $ 65,869
2025     65,729
2026     64,674
2027     64,242
2028     64,242
Thereafter     429,605
Total amortization expense   $ 754,361
The following securities were not included in the computation of diluted shares outstanding for the years ended December 31, 2023, and 2022 because the effect would be anti-dilutive:

The following securities were not included in the computation of diluted shares outstanding for the years ended December 31, 2023, and 2022 because the effect would be anti-dilutive:

               
    Years Ended December 31,  
    2023   2022  
Stock options   $ 12,335   $ —  
Restricted stock     904,496     950,000  
Total   $ 916,831   $ 950,000  
Schedule of net income per common share

           
    Years Ended  
    December 31, 2023   December 31, 2022  
               
Net loss   $ (13,741,062 ) $ (8,661,142 )
               
Weighted Average Outstanding Shares:              
Basic weighted average shares outstanding     45,601,346     45,002,074  
Dilutive effect of outstanding stock options and unvested restricted stock     —     —  
Diluted weighted average shares outstanding     45,601,346     45,020,074  
               
Net loss per share              
Basic   $ (0.30 ) $ (0.19 )
Diluted   $ (0.30 ) $ (0.19 )
The following table summarizes net revenues by geography for the years ended December 31, 2023 and 2022:

The following table summarizes net revenues by geography for the years ended December 31, 2023 and 2022:

               
    Years Ended December 31,  
    2023   2022  
Net Revenues              
Domestic   $ 23,676,039   $ 23,586,254  
International     4,841,627     4,309,783  
Total   $ 28,517,666   $ 27,896,037