Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Equity (Unaudited)

v3.21.2
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Series A Convertible Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Dec. 31, 2019 $ 3,500,000 $ 1,117 $ 26,021,904 $ (27,088,886) $ 2,434,135
Beginning balance, shares at Dec. 31, 2019 350,000 11,174,302      
Stock-based compensation expense 1,064,746 1,064,746
Net loss for the period (2,357,955) (2,357,955)
Ending balance, value at Sep. 30, 2020 $ 3,500,000 $ 1,117 27,086,650 (29,446,841) 1,140,926
Ending balance, shares at Sep. 30, 2020 350,000 11,174,302      
Beginning balance, value at Jun. 30, 2020 $ 3,500,000 $ 1,117 26,021,904 (27,845,186) 1,677,835
Beginning balance, shares at Jun. 30, 2020 350,000 11,174,302      
Stock-based compensation expense 1,064,746 1,064,746
Net loss for the period (1,601,655) (1,601,655)
Ending balance, value at Sep. 30, 2020 $ 3,500,000 $ 1,117 27,086,650 (29,446,841) 1,140,926
Ending balance, shares at Sep. 30, 2020 350,000 11,174,302      
Beginning balance, value at Dec. 31, 2020 $ 3,500,000 $ 1,240 31,864,479 (30,353,768) 5,011,951
Beginning balance, shares at Dec. 31, 2020 350,000 12,402,157      
Proceeds from sale of common stock in direct equity offering, net of offering costs $ 113 3,689,648 3,689,761
Proceeds from sale of common stock in direct equity offering, net of offering costs, shares   1,133,102      
Exercise of warrants $ 1 17,099 17,100
Exercise of warrants, shares   3,000      
Exercise of options $ 20 200,980 $ 201,000
Exercise of options, shares   208,334     208,334
Stock-based compensation expense 1,854,058 $ 1,854,058
Net loss for the period (4,699,034) (4,699,034)
Ending balance, value at Sep. 30, 2021 $ 3,500,000 $ 1,374 37,626,264 (35,052,802) 6,074,836
Ending balance, shares at Sep. 30, 2021 350,000 13,746,593      
Beginning balance, value at Jun. 30, 2021 $ 3,500,000 $ 1,366 37,179,050 (33,814,078) 6,866,338
Beginning balance, shares at Jun. 30, 2021 350,000 13,663,260      
Exercise of options $ 8 99,992 100,000
Exercise of options, shares   83,333      
Stock-based compensation expense 347,222 347,222
Net loss for the period (1,238,724) (1,238,724)
Ending balance, value at Sep. 30, 2021 $ 3,500,000 $ 1,374 $ 37,626,264 $ (35,052,802) $ 6,074,836
Ending balance, shares at Sep. 30, 2021 350,000 13,746,593