Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Equity (Unaudited)

v3.23.3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Share-Based Payment Arrangement, Nonemployee [Member]
Common Stock [Member]
Share-Based Payment Arrangement, Nonemployee [Member]
Additional Paid-in Capital [Member]
Share-Based Payment Arrangement, Nonemployee [Member]
AOCI Attributable to Parent [Member]
Share-Based Payment Arrangement, Nonemployee [Member]
Retained Earnings [Member]
Share-Based Payment Arrangement, Nonemployee [Member]
Share-Based Payment Arrangement, Employee [Member]
Common Stock [Member]
Share-Based Payment Arrangement, Employee [Member]
Additional Paid-in Capital [Member]
Share-Based Payment Arrangement, Employee [Member]
AOCI Attributable to Parent [Member]
Share-Based Payment Arrangement, Employee [Member]
Retained Earnings [Member]
Share-Based Payment Arrangement, Employee [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2021                     12,598,125        
Balance at Dec. 31, 2021                     $ 12,598 $ 60,220,016 $ (3,160) $ (41,288,383) $ 18,941,071
Issuance of common stock to vested restricted stock units (in shares) 11,436         11,031                  
Issuance of common stock to vested restricted stock units $ 12 $ (12) $ 0 $ 0 $ 0 $ 11 $ (16,677) $ 0 $ 0 $ (16,666)          
Stock-based compensation (non-cash)                     0 499,812 0 0 499,812
Net loss                     0 0 0 (2,456,722) (2,456,722)
Other comprehensive income (loss), net                     $ 0 0 (584) 0 (584)
Balance (in shares) at Mar. 31, 2022                     12,620,592        
Balance at Mar. 31, 2022                     $ 12,621 60,703,139 (3,744) (43,745,105) 16,966,911
Balance (in shares) at Dec. 31, 2021                     12,598,125        
Balance at Dec. 31, 2021                     $ 12,598 60,220,016 (3,160) (41,288,383) 18,941,071
Net loss                             (7,619,300)
Balance (in shares) at Sep. 30, 2022                     12,855,735        
Balance at Sep. 30, 2022                     $ 12,856 61,361,740 42,985 (48,907,683) 12,509,898
Balance (in shares) at Mar. 31, 2022                     12,620,592        
Balance at Mar. 31, 2022                     $ 12,621 60,703,139 (3,744) (43,745,105) 16,966,911
Issuance of common stock to vested restricted stock units $ 11 (11) 0 0 0 $ 28 (29,683) 0 0 (29,655)          
Stock-based compensation (non-cash)                     0 357,293 0 0 357,293
Net loss                     0 0 0 (2,762,931) (2,762,931)
Other comprehensive income (loss), net                     $ 0 0 21,210 0 21,210
Issuance of common stock upon exercise of stock options (in shares)                     40,532        
Issuance of common stock upon exercise of stock options                     $ 41 0 0 0 41
Offering costs                     0 (35,846) 0 0 (35,846)
Offering costs                     $ 0 (35,846) 0 0 (35,846)
Balance (in shares) at Jun. 30, 2022                     12,700,737        
Balance at Jun. 30, 2022                     $ 12,701 60,994,892 17,466 (46,508,036) 14,517,023
Issuance of common stock to vested restricted stock units (in shares) 11,436         16,094                  
Issuance of common stock to vested restricted stock units $ 11 (11) 0 0 0 $ 16 (10,688) 0 0 (10,672)          
Stock-based compensation (non-cash)                     0 390,741 0 0 390,741
Net loss                     0 0 0 (2,399,647) (2,399,647)
Other comprehensive income (loss), net                     $ 0 0 25,519 0 25,519
Issuance of common stock upon exercise of stock options (in shares)                     127,468        
Issuance of common stock upon exercise of stock options                     $ 128 0 0 0 128
Offering costs                     0 (13,194) 0 0 (13,194)
Offering costs                     $ 0 (13,194) 0 0 (13,194)
Balance (in shares) at Sep. 30, 2022                     12,855,735        
Balance at Sep. 30, 2022                     $ 12,856 61,361,740 42,985 (48,907,683) 12,509,898
Balance (in shares) at Dec. 31, 2022                     12,946,573        
Balance at Dec. 31, 2022                     $ 12,947 61,871,784 8,942 (51,804,021) 10,089,652 [1]
Issuance of common stock under a Capital on DemandTM Sales Agreement with JonesTrading Institutional Services, LLC, net of commissions, fees and offering costs (in shares)                     244,392        
Issuance of common stock under a Capital on DemandTM Sales Agreement with JonesTrading Institutional Services, LLC, net of commissions, fees and offering costs                     $ 244 807,094 0 0 807,338
Issuance of common stock to vested restricted stock units (in shares) 10,132         20,959                  
Issuance of common stock to vested restricted stock units $ 10 (10) 0 0 0 $ 21 (16,848) 0 0 (16,827)          
Stock-based compensation (non-cash)                     0 476,209 0 0 476,209
Net loss                     0 0 0 (2,434,556) (2,434,556)
Other comprehensive income (loss), net                     $ 0 0 22,845 0 22,845
Offering costs                       (37,661)     (37,661)
Offering costs                       (37,661)     (37,661)
Balance (in shares) at Mar. 31, 2023                     13,222,056        
Balance at Mar. 31, 2023                     $ 13,222 63,138,229 31,787 (54,238,577) 8,944,661
Balance (in shares) at Dec. 31, 2022                     12,946,573        
Balance at Dec. 31, 2022                     $ 12,947 61,871,784 8,942 (51,804,021) 10,089,652 [1]
Net loss                             (6,588,281)
Balance (in shares) at Sep. 30, 2023                     14,198,438        
Balance at Sep. 30, 2023                     $ 14,198 64,985,485 3,949 (58,392,302) 6,611,330
Balance (in shares) at Mar. 31, 2023                     13,222,056        
Balance at Mar. 31, 2023                     $ 13,222 63,138,229 31,787 (54,238,577) 8,944,661
Issuance of common stock under a Capital on DemandTM Sales Agreement with JonesTrading Institutional Services, LLC, net of commissions, fees and offering costs (in shares)                     621,227        
Issuance of common stock under a Capital on DemandTM Sales Agreement with JonesTrading Institutional Services, LLC, net of commissions, fees and offering costs                     $ 621 659,374 0 0 659,995
Issuance of common stock to vested restricted stock units (in shares) 10,136         44,662                  
Issuance of common stock to vested restricted stock units $ 10 (10) 0 0 0 $ 45 (16,658) 0 0 (16,613)          
Stock-based compensation (non-cash)                     0 473,296 0 0 473,296
Net loss                     0 0 0 (2,199,991) (2,199,991)
Other comprehensive income (loss), net                     $ 0 0 (24,565) 0 (24,565)
Offering costs                       (26,522)     (26,522)
Offering costs                       (26,522)     (26,522)
Balance (in shares) at Jun. 30, 2023                     13,898,081        
Balance at Jun. 30, 2023                     $ 13,898 64,254,231 7,222 (56,438,568) 7,836,783
Issuance of common stock under a Capital on DemandTM Sales Agreement with JonesTrading Institutional Services, LLC, net of commissions, fees and offering costs (in shares)                     259,860        
Issuance of common stock under a Capital on DemandTM Sales Agreement with JonesTrading Institutional Services, LLC, net of commissions, fees and offering costs                     $ 260 265,363 0 0 265,623
Issuance of common stock to vested restricted stock units (in shares) 10,132         30,365                  
Issuance of common stock to vested restricted stock units $ 10 $ (10) $ 0 $ 0 $ 0 $ 30 $ (8,237) $ 0 $ 0 $ (8,207)          
Stock-based compensation (non-cash)                     0 474,138 0 0 474,138
Net loss                     0 0 0 (1,953,734) (1,953,734)
Other comprehensive income (loss), net                     $ 0 0 (3,273) 0 (3,273)
Offering costs                       (8,218)     (8,218)
Offering costs                       (8,218)     (8,218)
Balance (in shares) at Sep. 30, 2023                     14,198,438        
Balance at Sep. 30, 2023                     $ 14,198 $ 64,985,485 $ 3,949 $ (58,392,302) $ 6,611,330
[1] Derived from the Company’s audited consolidated financial statements.