Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)

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Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock, Common [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2022 $ 80 $ 72,018,222 $ (300,000) $ (64,247,561) $ 7,470,741
Balance. shares at Dec. 31, 2022 806,774   (5,000)    
Stock-based compensation $ 1 341,503 341,504
Stock-based compensation, shares 3,195        
Shares issued in connection with capital raise, net of transaction costs $ 42 6,352,035 6,352,077
Shares issued in connection with capital raise, net of transaction costs, shares 421,611        
Net loss (4,022,073) (4,022,073)
Balance at Mar. 31, 2023 $ 123 78,711,760 $ (300,000) (68,269,634) 10,142,249
Balance. shares at Mar. 31, 2023 1,231,580   (5,000)    
Balance at Dec. 31, 2022 $ 80 72,018,222 $ (300,000) (64,247,561) 7,470,741
Balance. shares at Dec. 31, 2022 806,774   (5,000)    
Net loss         (6,634,638)
Balance at Jun. 30, 2023 $ 123 80,341,758 $ (300,000) (70,882,199) 9,159,682
Balance. shares at Jun. 30, 2023 1,231,580   (5,000)    
Balance at Mar. 31, 2023 $ 123 78,711,760 $ (300,000) (68,269,634) 10,142,249
Balance. shares at Mar. 31, 2023 1,231,580   (5,000)    
Stock-based compensation 319,123 319,123
Net loss (2,612,565) (2,612,565)
Warrants issued in connection with a consulting agreement 1,310,875 1,310,875
Balance at Jun. 30, 2023 $ 123 80,341,758 $ (300,000) (70,882,199) 9,159,682
Balance. shares at Jun. 30, 2023 1,231,580   (5,000)    
Balance at Dec. 31, 2023 $ 129 80,658,111 $ (300,000) (75,369,081) 4,989,159
Balance. shares at Dec. 31, 2023 1,291,000   (5,000)    
Stock-based compensation $ 1 167,642 167,643
Stock-based compensation, shares 13,176        
Shares issued in connection with capital raise, net of transaction costs $ 156 6,282,274 6,282,430
Shares issued in connection with capital raise, net of transaction costs, shares 1,555,555        
Net loss (2,726,381) (2,726,381)
Shares issued in connection with license agreement $ 1 188,999 189,000
Shares issued in connection with license agreement, shares 5,000        
Settlement of stock award (8,561) (8,561)
Shares withheld to pay income taxes on stock-based compensation $ (1) (9,923) (9,924)
Shares withheld to pay income taxes on stock-based compensation, shares (3,750)        
Balance at Mar. 31, 2024 $ 286 87,278,542 $ (300,000) (78,095,462) 8,883,366
Balance. shares at Mar. 31, 2024 2,860,981   (5,000)    
Balance at Dec. 31, 2023 $ 129 80,658,111 $ (300,000) (75,369,081) 4,989,159
Balance. shares at Dec. 31, 2023 1,291,000   (5,000)    
Net loss         (5,736,707)
Balance at Jun. 30, 2024 $ 287 87,429,165 $ (300,000) (81,105,788) 6,023,664
Balance. shares at Jun. 30, 2024 2,873,883   (5,000)    
Balance at Mar. 31, 2024 $ 286 87,278,542 $ (300,000) (78,095,462) 8,883,366
Balance. shares at Mar. 31, 2024 2,860,981   (5,000)    
Stock-based compensation $ 1 152,631 152,632
Stock-based compensation, shares 14,167        
Net loss (3,010,326) (3,010,326)
Shares withheld to pay income taxes on stock-based compensation (2,008) (2,008)
Shares withheld to pay income taxes on stock-based compensation, shares (1,265)        
Balance at Jun. 30, 2024 $ 287 $ 87,429,165 $ (300,000) $ (81,105,788) $ 6,023,664
Balance. shares at Jun. 30, 2024 2,873,883   (5,000)