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 400,208 400,208
Stock based compensation - cashless exercise options $ 10 (10)
Stock based compensation - cashless exercise options, shares 10,857            
Stock based compensation - shares $ 62 184,917 (1,975) 183,004
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)            
Amendment stock purchase agreement - treasury stock 35,000 35,000
Other comprehensive income (447) (447)
Issued stock dividend $ 2 (2)
Issued stock dividend, shares 2,327            
Net loss (3,100,442) (3,100,442)
Ending balance, value at Sep. 30, 2023 $ 64,771 (385,686) 26,100,446 46,100 (20,964,470) (6,990) 4,854,171
Ending balance, shares at Sep. 30, 2023 64,771,817            
Beginning balance, value at Jun. 30, 2023 $ 64,771 (420,686) 25,967,044 31,400 (19,996,437) (6,751) 5,639,341
Beginning balance, shares at Jun. 30, 2023 64,771,817            
Stock based compensation - options 133,402 133,402
Stock based compensation - shares 14,700 14,700
Amendment stock purchase agreement - treasury stock 35,000 35,000
Other comprehensive income (239) (239)
Net loss (968,033) (968,033)
Ending balance, value at Sep. 30, 2023 $ 64,771 (385,686) 26,100,446 46,100 (20,964,470) (6,990) 4,854,171
Ending balance, shares at Sep. 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 110,985 110,985
Stock based compensation - shares $ 126 376,735 (54,028) 322,833
Stock based compensation - shares, shares 125,943            
Retirement of treasury stock $ (30) 48,362 (48,332)
Retirement of treasury stock, shares (30,000)            
Stock issued for placement agent $ 3,750 1,082,250 1,086,000
Stock issued for placement agent, shares 3,750,000            
Stock issued for private placement $ 4,300 1,285,700 1,290,000
Stock issued for private placement, shares 4,300,000            
Stock based compensation related to discount on shares sold to related parties 340,000 340,000
Other comprehensive income (11,011) (11,011)
Net loss (1,238,776) (1,238,776)
Ending balance, value at Sep. 30, 2024 $ 72,917 (385,686) 29,583,499 20,448 (23,820,946) (24,575) 5,445,657
Ending balance, shares at Sep. 30, 2024 72,917,760            
Beginning balance, value at Jun. 30, 2024 $ 64,867 (385,686) 26,749,219 15,968 (25,262,873) (21,840) 1,159,655
Beginning balance, shares at Jun. 30, 2024 64,867,760            
Stock based compensation - options 36,995 36,995
Stock based compensation - shares 89,335 4,480 93,815
Stock issued for placement agent $ 3,750 1,082,250 1,086,000
Stock issued for placement agent, shares 3,750,000            
Stock issued for private placement $ 4,300 1,285,700 1,290,000
Stock issued for private placement, shares 4,300,000            
Stock based compensation related to discount on shares sold to related parties 340,000 340,000
Other comprehensive income (2,735) (2,735)
Net loss 1,441,927 1,441,927
Ending balance, value at Sep. 30, 2024 $ 72,917 $ (385,686) $ 29,583,499 $ 20,448 $ (23,820,946) $ (24,575) $ 5,445,657
Ending balance, shares at Sep. 30, 2024 72,917,760            
[1] Retroactively applied to the stock split