v3.25.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
Common Stock
Additional Paid-in Capital
Retained Earnings
Comprehensive Income
Total
Preferred Stock
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2023 $ 1,630 $ 22,527,264 $ (9,239,578) $ (201,505) $ 13,088,057 $ 246
Shares, Outstanding, Beginning Balance at Dec. 31, 2023 16,323,091         246,021
Debt converted to common shares $ 0 18,246 0 0 18,247 $ 0
Debt converted to common shares, Shares 3,802          
Share based compensation $ 0 270,176 0 0 270,176 0
Other Comprehensive Income (Loss), Net of Tax 0 0 0 (8,134) (8,134) 0
Net loss 0 0 (2,462,545) 0 (2,462,545) 0
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2024 $ 1,631 22,981,542 (11,702,123) (209,639) 11,071,737 $ 325
Shares, Outstanding, Ending Balance at Mar. 31, 2024 16,334,862         325,021
Preferred share subscription, less offering costs $ 0 156,547 0 0 156,626 $ 79
Preferred share subscription, less offering costs           79,000
Common share subscription, less offering costs $ 1 9,309 0 0 9,310 $ 0
Common share subscription, less offering costs 7,969          
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2023 $ 1,630 22,527,264 (9,239,578) (201,505) 13,088,057 $ 246
Shares, Outstanding, Beginning Balance at Dec. 31, 2023 16,323,091         246,021
Common shares issued for non-cash consideration         0  
Share based compensation         459,968  
Net loss         (6,025,023)  
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2024 $ 1,659 25,359,472 (15,264,601) (209,639) 9,887,261 $ 369
Shares, Outstanding, Ending Balance at Jun. 30, 2024 16,612,191         369,221
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2024 $ 1,631 22,981,542 (11,702,123) (209,639) 11,071,737 $ 325
Shares, Outstanding, Beginning Balance at Mar. 31, 2024 16,334,862         325,021
Share based compensation $ 0 189,792 0 0 189,792 $ 0
Stock warrants issued 0 1,261,739 0 0 1,261,739 0
Other Comprehensive Income (Loss), Net of Tax 0 0 0 0 0 0
Net loss 0 0 (3,562,478) 0 (3,562,478) 0
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2024 $ 1,659 25,359,472 (15,264,601) (209,639) 9,887,261 $ 369
Shares, Outstanding, Ending Balance at Jun. 30, 2024 16,612,191         369,221
Preferred share subscription, less offering costs $ 0 110,456 0 0 110,500 $ 44
Preferred share subscription, less offering costs           44,200
Common share subscription, less offering costs $ 5 122,520 0 0 122,525 $ 0
Common share subscription, less offering costs 51,929          
Common stock issued on warrant exercise $ 23 693,423 0 0 693,446 $ 0
Common share issued on warrant exercise, Shares 225,400          
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2024 $ 1,903 35,674,391 (23,968,089) (209,708) 11,498,497  
Shares, Outstanding, Beginning Balance at Dec. 31, 2024 19,027,208          
Common shares issued for non-cash consideration $ 212 1,186,384 0 0 1,186,596  
Common shares issued for non-cash consideration 2,125,382          
Debt converted to common shares $ 11 92,073 0 0 92,084  
Debt converted to common shares, Shares 108,334          
Share based compensation $ 0 78,880 0 0 78,880  
Stock warrants issued 0 56,660 0 0 56,660  
Other Comprehensive Income (Loss), Net of Tax 0 0 0 422 422  
Net loss 0 0 (3,333,694) 0 (3,333,694)  
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2025 $ 2,126 37,088,388 (27,301,783) (209,286) 9,579,445  
Shares, Outstanding, Ending Balance at Mar. 31, 2025 21,260,924          
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2024 $ 1,903 35,674,391 (23,968,089) (209,708) 11,498,497  
Shares, Outstanding, Beginning Balance at Dec. 31, 2024 19,027,208          
Common shares issued for non-cash consideration         1,330,599  
Common shares issued for non-cash consideration 2,934,619          
Share based compensation         309,354  
Net loss         (5,542,344)  
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2025 $ 2,211 37,585,087 (29,510,433) (211,383) 7,865,482  
Shares, Outstanding, Ending Balance at Jun. 30, 2025 22,110,161          
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2025 $ 2,126 37,088,388 (27,301,783) (209,286) 9,579,445  
Shares, Outstanding, Beginning Balance at Mar. 31, 2025 21,260,924          
Common shares issued for non-cash consideration $ 81 143,922 0 0 144,003  
Common shares issued for non-cash consideration 809,237          
Debt converted to common shares $ 4 100,485 0 0 100,489  
Debt converted to common shares, Shares 40,000          
Share based compensation $ 0 230,474 0 0 230,474  
Stock warrants issued 0 21,818 0 0 21,818  
Other Comprehensive Income (Loss), Net of Tax 0 0 0 (2,097) (2,097)  
Net loss 0 0 (2,208,650) 0 (2,208,650)  
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2025 $ 2,211 $ 37,585,087 $ (29,510,433) $ (211,383) $ 7,865,482  
Shares, Outstanding, Ending Balance at Jun. 30, 2025 22,110,161