v3.25.2
STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Deferred Compensation, Share-Based Payments [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Dec. 31, 2023 $ 118,137 $ 164,619,363 $ (432,293) $ (127,871,393) $ 36,433,814
Beginning balance, shares at Dec. 31, 2023 118,137,309        
Common stock issued to institutional investor $ 1,950 7,493,650 7,495,600
Common stock issued to institutional investor, shares 1,950,000        
Common stock issued for commitment shares $ 26 105,934 105,960
Common stock issued for commitment shares, shares 25,431        
Common stock sales at the market by investment banking company $ 127 499,756 499,883
Common stock sales at the market by investment banking company, shares 127,150        
Exercise of options $ 355 230,645 231,000
Exercise of options, shares 355,000        
Options issued for services 2,337,460 2,337,460
Restricted stock awards issued for services $ 93 307,849 (307,942)
Restricted stock awards issued for services, shares 92,475        
Deferred compensation 203,521 203,521
Net loss (11,699,595) (11,699,595)
Exercise of warrants $ 19 14,231 14,250
Exercise of warrants, shares 19,000        
Ending balance, value at Jun. 30, 2024 $ 120,707 175,608,888 (536,714) (139,570,988) 35,621,893
Ending balance, shares at Jun. 30, 2024 120,706,365        
Beginning balance, value at Mar. 31, 2024 $ 119,796 170,998,846 (368,094) (133,551,304) 37,199,244
Beginning balance, shares at Mar. 31, 2024 119,795,941        
Common stock issued to institutional investor $ 700 2,342,550 2,343,250
Common stock issued to institutional investor, shares 700,000        
Common stock issued for commitment shares $ 8 28,975 28,983
Common stock issued for commitment shares, shares 7,949        
Common stock sales at the market by investment banking company $ 50 169,380 169,430
Common stock sales at the market by investment banking company, shares 50,000        
Exercise of options $ 60 50,340 50,400
Exercise of options, shares 60,000        
Options issued for services 1,710,948 1,710,948
Restricted stock awards issued for services $ 93 307,849 (307,942)
Restricted stock awards issued for services, shares 92,475        
Deferred compensation 139,322 139,322
Net loss (6,019,684) (6,019,684)
Ending balance, value at Jun. 30, 2024 $ 120,707 175,608,888 (536,714) (139,570,988) 35,621,893
Ending balance, shares at Jun. 30, 2024 120,706,365        
Beginning balance, value at Dec. 31, 2024 $ 123,302 184,363,772 (656,735) (150,406,434) 33,423,905
Beginning balance, shares at Dec. 31, 2024 123,301,653        
Common stock issued to institutional investor $ 1,686 2,173,297 2,174,983
Common stock issued to institutional investor, shares 1,685,881        
Common stock issued for commitment shares $ 261 243,569 243,830
Common stock issued for commitment shares, shares 261,386        
Common stock sales at the market by investment banking company $ 368 506,880 507,248
Common stock sales at the market by investment banking company, shares 368,411        
Exercise of options $ 283 203,717 204,000
Exercise of options, shares 282,500        
Cashless exercise of 1,350,000 options $ 434 533,140 533,574
Cashless exercise of 1,350,000 options, shares 434,148        
Options issued for services 1,282,692 1,282,692
Options issued to settle accrued bonuses 48,068 48,068
Performance stock units (PSUs) issued for services 384,925 384,925
Restricted stock awards issued for services 11,113 11,113
Restricted stock awards issued for services, net of forfeitures and share settlement for taxes $ 133 85,181 (98,189) (12,875)
Restricted stock awards issued for services, net of forfeitures and share settlement for taxes, shares 132,729        
Deferred compensation 401,863 401,863
Net loss (10,369,156) (10,369,156)
Ending balance, value at Jun. 30, 2025 $ 126,467 189,836,354 (353,061) (160,775,590) 28,834,170
Ending balance, shares at Jun. 30, 2025 126,466,708        
Beginning balance, value at Mar. 31, 2025 $ 124,655 186,984,976 (456,585) (155,103,458) 31,549,588
Beginning balance, shares at Mar. 31, 2025 124,654,522        
Common stock issued to institutional investor $ 650 687,350 688,000
Common stock issued to institutional investor, shares 650,000        
Common stock issued for commitment shares $ 256 235,545 235,801
Common stock issued for commitment shares, shares 256,340        
Common stock sales at the market by investment banking company $ 318 390,495 390,813
Common stock sales at the market by investment banking company, shares 318,411        
Exercise of options $ 58 40,442 40,500
Exercise of options, shares 57,500        
Cashless exercise of 1,300,000 options $ 417 512,657 513,074
Cashless exercise of 1,300,000 options, shares 417,206        
Options issued for services 533,650 533,650
Performance stock units (PSUs) issued for services 384,925 384,925
Restricted stock awards issued for services 11,113 11,113
Restricted stock awards issued for services, net of forfeitures and share settlement for taxes $ 113 55,201 (68,189) (12,875)
Restricted stock awards issued for services, net of forfeitures and share settlement for taxes, shares 112,729        
Deferred compensation 171,713 171,713
Net loss (5,672,132) (5,672,132)
Ending balance, value at Jun. 30, 2025 $ 126,467 $ 189,836,354 $ (353,061) $ (160,775,590) $ 28,834,170
Ending balance, shares at Jun. 30, 2025 126,466,708