Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)

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STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock, Common [Member]
Total
Beginning 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 $ 489 175,287 175,776
Issuance of stock-based compensation (in shares) 48,875        
Compensation expense related to stock options 535,059 535,059
Compensation expense related to restricted stock awards $ 500 169,887 170,387
Ending balance (in shares) at Mar. 31, 2023 48,960,766        
Ending balance, value at Mar. 31, 2023 $ 489,608 45,132,350 (11,982,096) (3,843,562) 29,796,300
Compensation expense related to restricted stock (in shares) 50,000        
Net loss (2,410,885) (2,410,885)
Beginning 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        
Ending balance (in shares) at Jun. 30, 2023 49,033,652        
Ending balance, value at Jun. 30, 2023 $ 490,337 45,932,354 (14,477,982) (3,843,562) 28,101,147
Net loss         (4,906,771)
Beginning balance, value at Mar. 31, 2023 $ 489,608 45,132,350 (11,982,096) (3,843,562) 29,796,300
Ending balance (in shares) at Mar. 31, 2023 48,960,766        
Accrued compensation paid in shares $ 229 90,018 90,247
Issuance of stock-based compensation (in shares) 22,886        
Compensation expense related to stock options 540,099 540,099
Compensation expense related to restricted stock awards $ 500 169,887 170,387
Ending balance (in shares) at Jun. 30, 2023 49,033,652        
Ending balance, value at Jun. 30, 2023 $ 490,337 45,932,354 (14,477,982) (3,843,562) 28,101,147
Compensation expense related to restricted stock (in shares) 50,000        
Net loss (2,495,886) (2,495,886)
Beginning 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        
Accrued compensation paid in shares $ 537 123,267 123,804
Issuance of stock-based compensation (in shares) 53,725        
Compensation expense related to stock options 393,113 393,113
Compensation expense related to restricted stock awards 130,676 130,676
Ending balance (in shares) at Mar. 31, 2024 49,143,589        
Ending balance, value at Mar. 31, 2024 $ 491,436 47,717,888 (25,248,231) (3,843,562) 19,117,531
Issuance of warrants 52,125 52,125
Net loss (1,935,958) (1,935,958)
Beginning 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        
Ending balance (in shares) at Jun. 30, 2024 49,239,788        
Ending balance, value at Jun. 30, 2024 $ 492,398 48,331,591 (26,236,946) (3,882,493) 18,704,550
Net loss         (2,924,673)
Beginning balance, value at Mar. 31, 2024 $ 491,436 47,717,888 (25,248,231) (3,843,562) 19,117,531
Ending balance (in shares) at Mar. 31, 2024 49,143,589        
Accrued compensation paid in shares $ 411 136,020 (38,932) 97,500
Issuance of stock-based compensation (in shares) 41,138        
Compensation expense related to stock options 401,218 401,218
Compensation expense related to restricted stock awards $ 551 63,434 63,984
Ending balance (in shares) at Jun. 30, 2024 49,239,788        
Ending balance, value at Jun. 30, 2024 $ 492,398 48,331,591 (26,236,946) (3,882,493) 18,704,550
Compensation expense related to restricted stock (in shares) 55,061        
Issuance of warrants 13,032 13,032
Net loss $ (988,715) $ (988,715)