Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.3
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         (8,716,589)
Balance at Sep. 30, 2023 $ 124 80,431,905 $ (300,000) (72,964,150) 7,167,879
Balance. shares at Sep. 30, 2023 1,236,580   (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)
Warrant granted 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)    
Net loss (2,081,951) (2,081,951)
Stock-based compensation, net of forfeitures $ 1 142,893 142,894
Stock-based compensation, net of forfeitures, shares 5,000        
Settlement of stock award (52,746) (52,746)
Balance at Sep. 30, 2023 $ 124 80,431,905 $ (300,000) (72,964,150) 7,167,879
Balance. shares at Sep. 30, 2023 1,236,580   (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)
Settlement of stock award (8,561) (8,561)
Shares issued in connection with license agreement $ 1 188,999 189,000
Shares issued in connection with license agreement, shares 5,000        
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         (9,121,410)
Balance at Sep. 30, 2024 $ 327 88,510,949 $ (300,000) (84,490,491) 3,720,785
Balance. shares at Sep. 30, 2024 3,271,944   (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)    
Stock-based compensation $ 3 154,188 154,191
Stock-based compensation, shares 26,010        
Shares issued in connection with capital raise, net of transaction costs $ 37 931,254 931,291
Shares issued in connection with capital raise, net of transaction costs, shares 374,190        
Net loss (3,384,703) (3,384,703)
Shares withheld to pay income taxes on stock-based compensation (3,658) (3,658)
Shares withheld to pay income taxes on stock-based compensation, shares (2,139)        
Balance at Sep. 30, 2024 $ 327 $ 88,510,949 $ (300,000) $ (84,490,491) $ 3,720,785
Balance. shares at Sep. 30, 2024 3,271,944   (5,000)