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 [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 $ 101 56,149 56,250
Issuance of stock-based compensation (in shares) 10,124        
Compensation expense related to stock options 677,934 677,934
Issuance upon options exercised $ 11,106 1,218,894 1,230,000
Issuance upon options exercised (in shares) 1,110,580        
Net loss (1,276,138) (1,276,138)
Litigation settlement share issuance $ 952 937,142 938,094
Litigation settlement share issuance (in shares) 95,238        
Ending balance, value at Mar. 31, 2021 $ 478,960 38,771,105 2,376,616 (3,843,562) 37,783,119
Balance ending (in shares) at Mar. 31, 2021 47,896,061        
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        
Net loss         (2,400,687)
Ending balance, value at Jun. 30, 2021 $ 479,106 39,376,131 1,252,067 (3,843,562) 37,263,742
Balance ending (in shares) at Jun. 30, 2021 47,910,676        
Beginning balance, value at Mar. 31, 2021 $ 478,960 38,771,105 2,376,616 (3,843,562) 37,783,119
Balance beginning (in shares) at Mar. 31, 2021 47,896,061        
Issuance of stock-based compensation $ 146 97,050 97,196
Issuance of stock-based compensation (in shares) 14,615        
Compensation expense related to stock options 441,841 441,841
Compensation expense related to restricted stock awards 66,135 66,135
Net loss (1,124,549) (1,124,549)
Ending balance, value at Jun. 30, 2021 $ 479,106 39,376,131 1,252,067 (3,843,562) 37,263,742
Balance ending (in shares) at Jun. 30, 2021 47,910,676        
Beginning balance, value at Dec. 31, 2021 $ 480,441 40,774,245 (910,069) (3,843,562) 36,501,055
Balance beginning (in shares) at Dec. 31, 2021 48,044,162        
Issuance of stock-based compensation $ 475 142,025 142,500
Issuance of stock-based compensation (in shares) 47,500        
Compensation expense related to stock options 524,670 524,670
Compensation expense related to restricted stock awards 170,386 170,386
Issuance upon options exercised $ 296 (296)
Issuance upon options exercised (in shares) 29,627        
Net loss (2,537,514) (2,537,514)
Ending balance, value at Mar. 31, 2022 $ 481,212 41,611,030 (3,447,583) (3,843,562) 34,801,097
Balance ending (in shares) at Mar. 31, 2022 48,121,289        
Beginning balance, value at Dec. 31, 2021 $ 480,441 40,774,245 (910,069) (3,843,562) 36,501,055
Balance beginning (in shares) at Dec. 31, 2021 48,044,162        
Net loss         (5,458,855)
Ending balance, value at Jun. 30, 2022 $ 484,076 42,349,760 (6,368,924) (3,843,562) 32,621,350
Balance ending (in shares) at Jun. 30, 2022 48,407,619        
Beginning balance, value at Mar. 31, 2022 $ 481,212 41,611,030 (3,447,583) (3,843,562) 34,801,097
Balance beginning (in shares) at Mar. 31, 2022 48,121,289        
Issuance of stock-based compensation $ 697 114,808 115,505
Issuance of stock-based compensation (in shares) 69,707        
Compensation expense related to stock options 527,736 527,736
Compensation expense related to restricted stock awards 500 231,011 231,511
Issuance upon options exercised $ 1,667 (134,825) (133,158)
Issuance upon options exercised (in shares) 166,623        
Net loss (2,921,341) (2,921,341)
Compensation related to restricted stock (in shares) 50,000        
Ending balance, value at Jun. 30, 2022 $ 484,076 $ 42,349,760 $ (6,368,924) $ (3,843,562) $ 32,621,350
Balance ending (in shares) at Jun. 30, 2022 48,407,619