Quarterly Data – Unaudited

12 Months Ended

Dec. 31, 2022

NOTE 16 – Quarterly Data - Unaudited

Revised Interim Financial Information

The following tables represent amounts previously reported and revised as a result of the error associated with the accounting for our Series A Preferred Stock. See Note 2 for additional information.

	As Previously
March 31, 2022	Reported			Adjustments			As Revised
Total assets	$	44,949,908		$	—		$	44,949,908

Preferred dividend payable		—			963,664			963,664
Other		4,129,470			—			4,129,470
Total liabilities	$	4,129,470		$	963,664		$	5,093,134

Additional paid-in capital		67,881,483			(963,664	)		66,917,819
Others		(27,061,045	)		—			(27,061,045	)
Total shareholders’ deficit	$	40,820,438		$	(963,664	)	$	39,856,774

	As Previously
June 30, 2022	Reported			Adjustments			As Revised
Total assets	$	43,218,537		$	—		$	43,218,537

Preferred dividend payable		—			1,102,654			1,102,654
Other		3,764,360			—			3,764,360
Total liabilities	$	3,764,360		$	1,102,654		$	4,867,014

Additional paid-in capital		67,953,176			(1,102,654	)		66,850,522
Others		(28,498,999	)		—			(28,498,999	)
Total shareholders’ deficit	$	39,454,177		$	(1,102,654	)	$	38,351,523

	As Previously
September 30, 2022	Reported			Adjustments		As Revised
Total assets	$	41,177,888		$	—	$	41,177,888

Preferred dividend payable		—			1,241,644		1,241,644
Other		3,365,580			—		3,365,580
Total liabilities	$	3,365,580		$	1,241,644	$	4,607,224

Additional paid-in capital		68,023,869			1,241,644		69,265,513
Others		(30,211,561	)		—		(30,211,561	)
Total shareholders’ deficit	$	37,812,308		$	1,241,644	$	39,053,952

	As Previously
Quarter ended March 31, 2022	Reported			Adjustments			As Revised
Net Loss	$	(1,455,596	)	$	—		$	(1,455,596	)
Preferred stock dividends		—			(138,990	)		(138,990	)
Net loss allocable to common shareholders	$	(1,455,596	)	$	(138,990	)		(1,594,586	)
Loss per share	$	(0.10	)				$	(0.11	)
Weighted average common shares outstanding		14,510,703						14,510,703

	Impact of correction of error - quarter									Impact of correction of error - year to date
	As Previously									As Previously
Quarter ended June 30, 2022	Reported			Adjustments			As Revised			Reported			Adjustments			As Revised
Net Loss	$	(1,437,954	)	$	—		$	(1,437,954	)	$	(2,893,550	)		—		$	(2,893,550	)
Preferred stock dividends		—			(138,990	)		(138,990	)		—		$	(277,980	)		(277,980	)
Net loss allocable to common shareholders	$	(1,437,954	)	$	(138,990	)	$	(1,576,944	)	$	(2,893,550	)	$	(277,980	)	$	(3,171,530	)
Loss per share	$	(0.10	)				$	(0.11	)	$	(0.20	)				$	(0.22	)
Weighted average common shares outstanding		14,702,804						14,702,804			14,607,209						14,607,209

	Impact of correction of error - quarter									Impact of correction of error - year to date
	As Previously									As Previously
Quarter ended September 30, 2022	Reported			Adjustments			As Revised			Reported			Adjustments			As Revised
Net Loss	$	(1,712,562	)	$	—		$	(1,712,562	)	$	(4,606,112	)		—		$	(4,606,112	)
Preferred stock dividends		—			(138,990	)		(138,990	)		—		$	(416,970	)		(416,970	)
Net loss allocable to common shareholders	$	(1,712,562	)	$	(138,990	)	$	(1,851,552	)	$	(4,606,112	)	$	(416,970	)	$	(5,023,082	)
Loss per share	$	(0.12	)				$	(0.13	)	$	(0.31	)				$	(0.34	)
Weighted average common shares outstanding		14,702,804						14,702,804			14,639,523						14,607,209