Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Shares To Be Issued Common Shares [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Beginning balance value at Dec. 31, 2022 [1] $ 65,297 $ (2,000,000) $ 27,514,733 $ 48,075 $ (17,864,028) $ (6,543) $ 7,757,534
Beginning balance, shares at Dec. 31, 2022 65,296,383            
Stock based compensation – options 266,806 266,806
Stock based compensation – cashless exercise options $ 10 (10)
Stock based compensation - cashless exercise options, shares 10,857            
Stock based compensation – shares $ 62 184,917 (16,675) 168,304
Stock based compensation - shares, shares 62,250            
Purchase of treasury stock (420,686) (420,686)
Retirement of treasury stock $ (600) 2,000,000 (1,999,400)
Retirement of treasury stock, shares (600,000)            
Issued stock dividend $ 2 (2)
Issued stock dividend, shares 2,327            
Other comprehensive income (208) (208)
Net loss (2,132,409) (2,132,409)
Ending balance value at Jun. 30, 2023 $ 64,771 (420,686) 25,967,044 31,400 (19,996,437) (6,751) 5,639,341
Ending balance, shares at Jun. 30, 2023 64,771,817            
Beginning balance value at Mar. 31, 2023 $ 64,769 25,833,643 12,500 (18,978,271) (2,868) 6,929,773
Beginning balance, shares at Mar. 31, 2023 64,769,490            
Stock based compensation – options 133,403 133,403
Stock based compensation – shares 18,900 18,900
Purchase of treasury stock (420,686) (420,686)
Issued stock dividend $ 2 (2)
Issued stock dividend, shares 2,327            
Other comprehensive income (3,883) (3,883)
Net loss (1,018,166) (1,018,166)
Ending balance value at Jun. 30, 2023 $ 64,771 (420,686) 25,967,044 31,400 (19,996,437) (6,751) 5,639,341
Ending balance, shares at Jun. 30, 2023 64,771,817            
Beginning balance value at Dec. 31, 2023 $ 64,771 (434,048) 26,436,161 74,476 (22,582,170) (13,564) 3,545,626
Beginning balance, shares at Dec. 31, 2023 64,771,817            
Stock based compensation – options 73,990 73,990
Stock based compensation – shares $ 126 287,400 (58,508) 229,018
Stock based compensation - shares, shares 125,943            
Retirement of treasury stock $ (30) 48,362 (48,332)
Retirement of treasury stock, shares (30,000)            
Other comprehensive income (8,276) (8,276)
Net loss (2,680,703) (2,680,703)
Ending balance value at Jun. 30, 2024 $ 64,867 (385,686) 26,749,219 15,968 (25,262,873) (21,840) 1,159,655
Ending balance, shares at Jun. 30, 2024 64,867,760            
Beginning balance value at Mar. 31, 2024 $ 64,771 (434,048) 26,473,156 169,386 (23,897,767) (14,553) 2,360,945
Beginning balance, shares at Mar. 31, 2024 64,771,817            
Stock based compensation – options 36,995 36,995
Stock based compensation – shares $ 126 287,400 (153,418) 134,108
Stock based compensation - shares, shares 125,943            
Retirement of treasury stock $ (30) 48,362 (48,332)
Retirement of treasury stock, shares (30,000)            
Other comprehensive income (7,287) (7,287)
Net loss (1,365,106) (1,365,106)
Ending balance value at Jun. 30, 2024 $ 64,867 $ (385,686) $ 26,749,219 $ 15,968 $ (25,262,873) $ (21,840) $ 1,159,655
Ending balance, shares at Jun. 30, 2024 64,867,760            
[1] Retroactively applied to the stock split