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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
Total
Preferred Stock
Common Stock
Treasury Stock
Additional Paid in Capital
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2017   1,321,514 27,283,918 (1,070,904)    
Beginning balance at Dec. 31, 2017 $ 49,891,809 $ 1,322 $ 29,186 $ (1,649,746) $ 83,563,208 $ (32,052,161)
Increase (Decrease) in Stockholders' Equity            
Exercise of stock options and warrants (in shares)     442,425      
Exercise of stock options and warrants 1,097,033   $ 441   1,096,592  
Stock-based compensation (in shares)     282,394      
Stock-based compensation 628,139   $ 282   627,857  
Non cash compensation (in shares)     129,865      
Non-cash compensation 200,002   $ 131   199,871  
Stock dividends [1]     $ 80   257,222 (257,302)
Purchase of treasury stock (in shares)     (182,201) 182,201    
Purchase of treasury stock (466,894)     $ (466,894)    
Net income 11,004,241         11,004,241
Ending balance (in shares) at Dec. 31, 2018   1,321,514 27,956,401 (1,253,105)    
Ending balance at Dec. 31, 2018 62,354,330 $ 1,322 $ 30,120 $ (2,116,640) 85,744,750 (21,305,222)
Increase (Decrease) in Stockholders' Equity            
Exercise of stock options and warrants (in shares)     487,802      
Exercise of stock options and warrants 447,954   $ 488   447,466  
Stock-based compensation (in shares)     16,286      
Stock-based compensation 1,544,156   $ 16   1,544,140  
Stock dividends (in shares) [1]     770,454      
Stock dividends [1]     $ 60   285,390 (285,450)
Preferred stock to common stock conversion (in shares)   (1,321,514) 1,321,514      
Preferred stock to common stock conversion   $ (1,322) $ 1,322      
Forfeitures of restricted stock grants (in shares)     (16,666)      
Forfeitures of restricted stock grants     $ (157)   157  
Purchase of treasury stock (in shares)     (386,686) 386,686    
Purchase of treasury stock (2,220,467)     $ (2,220,467)    
Net income 5,342,545         5,342,545
Ending balance (in shares) at Dec. 31, 2019   0 30,149,105 (1,639,791)    
Ending balance at Dec. 31, 2019 $ 67,468,518 $ 0 $ 31,849 $ (4,337,107) $ 88,021,903 $ (16,248,127)
[1] The stock dividends payable in connection with the Series A Convertible Preferred Stock were issued at the request of Carilion. See Note 11 - Stockholders' Equity for more information.