Annual report pursuant to Section 13 and 15(d)

STATEMENT OF STOCKHOLDERS' EQUITY

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STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Total
Balance beginning at Dec. 31, 2017 $ 407,315 $ 4,216,718 $ 3,389,898 $ (344,204) $ 7,669,727
Balance beginning (in shares) at Dec. 31, 2017 40,731,529        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of stock based compensation $ 991 117,050 118,041
Issuance of stock based compensation (in shares) 99,134        
Compensation expense related to stock options   248,040 248,040
Cancellation of common stock $ (227) (36,594) (36,821)
Cancellation of common stock (in shares) (22,752)        
Issuance of options exercised $ 1,250 50,000 $ 51,250
Issuance of options exercised (in shares) 125,000      
Net income     910,570 $ 910,570
Balance ending at Dec. 31, 2018 $ 409,329 4,595,214 4,300,468 (344,204) 8,960,807
Balance ending (in shares) at Dec. 31, 2018 40,932,911        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of stock based compensation $ 1,489 315,036 316,525
Issuance of stock based compensation (in shares) 148,877        
Compensation expense related to stock options   888,319 888,319
Cancellation of common stock $ (20) (2,800) (2,820)
Cancellation of common stock (in shares) (2,000)        
Issuance of options exercised $ 1,600 57,300 $ 58,900
Issuance of options exercised (in shares) 160,000      
Issuance of warrants exercised $ 10,000 440,000 $ 450,000
Issuance of warrants exercised (in shares) 1,000,000        
Net income     564,349 564,349
Balance ending at Dec. 31, 2019 $ 422,398 $ 6,293,069 $ 4,864,817 $ (344,204) $ 11,236,080
Balance ending (in shares) at Dec. 31, 2019 42,239,788