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
Beginning balance (in shares) at Dec. 31, 2022 48,861,891        
Issuance of stock-based compensation $ 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 related to Restricted Stock $ 500 169,887     170,387
Compensation expense related to restricted stock (in shares) 50,000        
Net loss (2,410,885) (2,410,885)
Ending 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        
Beginning balance, value at Dec. 31, 2023 $ 490,899 47,018,707 (23,312,273) (3,843,562) 20,353,771
Beginning balance (in shares) at Dec. 31, 2023 49,089,864        
Issuance of stock-based compensation $ 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 related to Restricted Stock 130,676 130,676
Issuance of warrants 52,125 52,125
Net loss (1,935,958) (1,935,958)
Ending 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