Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Changes in Stockholders Equity (Unaudited)

v3.23.3
Condensed Consolidated Statement of Changes in Stockholders Equity (Unaudited) - USD ($)
Series F Convertible Preferred Stock [Member]
Preferred Stock [Member]
Series F Convertible Preferred Stock [Member]
Series D Convertible Preferred Stock [Member]
Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2021   $ 144,524   $ 102,064,218 $ (78,561,568) $ 23,647,174
Balance, shares at Dec. 31, 2021     72,992   37,673,110    
Temporary stock, Balance, shares at Dec. 31, 2021            
Temporary stock, Balance at Dec. 31, 2021            
Net income (loss)     (4,122,034) (4,122,034)
Stock-based compensation - stock options     81,002 81,002
Exercise of prepaid equity forward contracts for common stock    
Exercise of prepaid equity forward contracts for common stock, shares         385,135    
Stock-based compensation - restricted stock units     $ 15,998 15,998
Balance at Mar. 31, 2022   $ 144,524   $ 102,161,218 (82,683,602) 19,622,140
Temporary stock, Balance, shares at Mar. 31, 2022            
Temporary stock, Balance at Mar. 31, 2022            
Balance, shares at Mar. 31, 2022     72,992   38,058,245    
Balance at Dec. 31, 2021   $ 144,524   $ 102,064,218 (78,561,568) 23,647,174
Balance, shares at Dec. 31, 2021     72,992   37,673,110    
Temporary stock, Balance, shares at Dec. 31, 2021            
Temporary stock, Balance at Dec. 31, 2021            
Net income (loss)             (11,451,818)
Balance at Sep. 30, 2022   $ 144,524   $ 108,195,909 (90,013,386) 18,327,047
Temporary stock, Balance, shares at Sep. 30, 2022            
Temporary stock, Balance at Sep. 30, 2022            
Balance, shares at Sep. 30, 2022     72,992   39,470,009    
Balance at Mar. 31, 2022   $ 144,524   $ 102,161,218 (82,683,602) 19,622,140
Balance, shares at Mar. 31, 2022     72,992   38,058,245    
Temporary stock, Balance, shares at Mar. 31, 2022            
Temporary stock, Balance at Mar. 31, 2022            
Net income (loss)     (3,636,043) (3,636,043)
Stock-based compensation - stock options     132,246 132,246
Balance at Jun. 30, 2022   $ 144,524   $ 102,293,464 (86,319,645) 16,118,343
Temporary stock, Balance, shares at Jun. 30, 2022            
Temporary stock, Balance at Jun. 30, 2022            
Balance, shares at Jun. 30, 2022     72,992   38,058,245    
Net income (loss)     (3,693,741) (3,693,741)
Issuance of common stock     $ 5,550,028 5,550,028
Issuance of common stock, shares         1,411,764    
Stock-based compensation - stock options     $ 135,620 135,620
Stock-based compensation - restricted stock units     138,587 138,587
Stock-based compensation - warrants     78,210 78,210
Balance at Sep. 30, 2022   $ 144,524   $ 108,195,909 (90,013,386) 18,327,047
Temporary stock, Balance, shares at Sep. 30, 2022            
Temporary stock, Balance at Sep. 30, 2022            
Balance, shares at Sep. 30, 2022     72,992   39,470,009    
Balance at Dec. 31, 2022   $ 144,524   $ 108,309,436 (93,758,904) 14,695,056
Balance, shares at Dec. 31, 2022     72,992   39,470,009    
Temporary stock, Balance, shares at Dec. 31, 2022 0          
Temporary stock, Balance at Dec. 31, 2022          
Net income (loss)     (1,511,732) (1,511,732)
Issuance of common stock $ 912,889    
Issuance of common stock, shares 15,000            
Series F Convertible Preferred Stock Dividend     (158,333) (158,333)
Stock-based compensation - stock options     69,068 69,068
Balance at Mar. 31, 2023   $ 144,524   $ 108,378,504 (95,428,969) 13,094,059
Temporary stock, Balance, shares at Mar. 31, 2023 15,000            
Temporary stock, Balance at Mar. 31, 2023 $ 912,889            
Balance, shares at Mar. 31, 2023     72,992   39,470,009    
Balance at Dec. 31, 2022   $ 144,524   $ 108,309,436 (93,758,904) 14,695,056
Balance, shares at Dec. 31, 2022     72,992   39,470,009    
Temporary stock, Balance, shares at Dec. 31, 2022 0          
Temporary stock, Balance at Dec. 31, 2022          
Net income (loss)             $ (1,636,391)
Issuance of common stock       $ 14,087,111      
Issuance of common stock, shares             7,321,445
Preferred stock dividends, shares             871,323
Balance at Sep. 30, 2023   $ 144,524   $ 112,441,633 (97,085,475) $ 15,500,682
Temporary stock, Balance, shares at Sep. 30, 2023 9,859 9,859          
Temporary stock, Balance at Sep. 30, 2023 $ 608,593 $ 608,593          
Balance, shares at Sep. 30, 2023     72,992   47,000,365    
Balance at Mar. 31, 2023   $ 144,524   $ 108,378,504 (95,428,969) 13,094,059
Balance, shares at Mar. 31, 2023     72,992   39,470,009    
Temporary stock, Balance, shares at Mar. 31, 2023 15,000            
Temporary stock, Balance at Mar. 31, 2023 $ 912,889            
Net income (loss)     (4,167,653) (4,167,653)
Series F Convertible Preferred Stock Dividend     (373,796) (373,796)
Stock-based compensation - stock options     1,677,271 1,677,271
Conversion of shares of Series F Convertible Preferred Stock $ (76,074)     $ 255,945 255,945
Conversion of shares of Series F Convertible Preferred Stock, shares (1,250)       1,187,602    
Conversion of shares of Series F Convertible Preferred Stock, One $ (76,073)     $ 255,944 255,944
Conversion of shares of Series F Convertible Preferred Stock, One, shares (1,250)       1,160,611    
Issuance of common stock for vested restricted stock units    
Issuance of common stock for vested restricted stock units, shares         73,776    
Exercise of prepaid equity forward contracts for common stock    
Exercise of prepaid equity forward contracts for common stock, shares         135,135    
Balance at Jun. 30, 2023   $ 144,524   $ 110,567,664 (99,970,418) 10,741,770
Temporary stock, Balance, shares at Jun. 30, 2023 12,500            
Temporary stock, Balance at Jun. 30, 2023 $ 760,742            
Balance, shares at Jun. 30, 2023     72,992   42,027,133    
Net income (loss)     4,042,994 4,042,994
Series F Convertible Preferred Stock Dividend     (391,548) (391,548)
Stock-based compensation - stock options     595,576 595,576
Conversion of shares of Series F Convertible Preferred Stock $ (76,074)     $ 255,945 255,945
Conversion of shares of Series F Convertible Preferred Stock, shares (1,250)       2,031,933    
Conversion of shares of Series F Convertible Preferred Stock, One $ (63,659)     $ 214,175 214,175
Conversion of shares of Series F Convertible Preferred Stock, One, shares (1,187)       1,753,500    
Accelerated Conversion of 204 shares of Series F Convertible Preferred Stock $ (12,416)     $ 41,770 41,770
Accelerated Conversion of 204 shares of Series F Convertible Preferred Stock, shares (204)       316,476    
Deemed Dividend for the true-up of the August 1, 2023 installment for the Series F Convertible Preferred Stock paid with common stock, shares     $ 766,503 (766,503)
Preferred stock dividends, shares         871,323   871,323
Balance at Sep. 30, 2023   $ 144,524   $ 112,441,633 $ (97,085,475) $ 15,500,682
Temporary stock, Balance, shares at Sep. 30, 2023 9,859 9,859          
Temporary stock, Balance at Sep. 30, 2023 $ 608,593 $ 608,593          
Balance, shares at Sep. 30, 2023     72,992   47,000,365