Stockholders' Equity (Deficit)

3 Months Ended

Mar. 31, 2026

(5)

Stockholders’ Equity (Deficit)

The changes in stockholders’ equity (deficit) are as follows:


	Three months ended March 31,
	2025			2026
Beginning balance	$	147,219,707		$	(49,330,431	)
Stock-based compensation		98,619			50,788
Purchase of treasury stock		(9,105	)		(1,735	)
Net income (loss)		(2,689,821	)		3,214,790
Ending balance	$	144,619,400		$	(46,066,588	)

- Definition

The entire disclosure for equity.

+ References

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+ Details