XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
Common Stock
Additional Paid-in Capital
Retained Earnings
Comprehensive Income
Total
Preferred Stock
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2023 $ 1,630 $ 22,527,264 $ (9,239,578) $ (201,505) $ 13,088,057 $ 246
Shares, Outstanding, Beginning Balance at Dec. 31, 2023 16,323,091         246,021
Debt converted to common shares $ 0 18,246 0 0 18,247 $ 0
Debt converted to common shares, Shares 3,802          
Share based compensation $ 0 270,176 0 0 270,176 0
Other Comprehensive Income (Loss), Net of Tax 0 0 0 (8,134) (8,134) 0
Net loss 0 0 (2,462,545) 0 (2,462,545) 0
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2024 $ 1,631 22,981,542 (11,702,123) (209,639) 11,071,737 $ 325
Shares, Outstanding, Ending Balance at Mar. 31, 2024 16,334,862         325,021
Preferred share subscription, less offering costs $ 0 156,547 0 0 156,626 $ 79
Preferred share subscription, less offering costs           79,000
Common share subscription, less offering costs $ 1 9,309 0 0 9,310 $ 0
Common share subscription, less offering costs 7,969          
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2023 $ 1,630 22,527,264 (9,239,578) (201,505) 13,088,057 $ 246
Shares, Outstanding, Beginning Balance at Dec. 31, 2023 16,323,091         246,021
Common shares issued for non-cash consideration         0  
Share based compensation         534,572  
Net loss         (10,524,493)  
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2024 $ 1,742 28,601,442 (19,709,861) (209,639) 8,684,054 $ 369
Shares, Outstanding, Ending Balance at Sep. 30, 2024 17,450,314         369,221
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2024 $ 1,631 22,981,542 (11,702,123) (209,639) 11,071,737 $ 325
Shares, Outstanding, Beginning Balance at Mar. 31, 2024 16,334,862         325,021
Share based compensation $ 0 189,792 0 0 189,792 $ 0
Stock warrants issued 0 1,261,739 0 0 1,261,739 0
Other Comprehensive Income (Loss), Net of Tax 0 0 0 0 0 0
Net loss 0 0 (3,562,478) 0 (3,562,478) 0
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2024 $ 1,659 25,359,472 (15,264,601) (209,639) 9,887,261 $ 369
Shares, Outstanding, Ending Balance at Jun. 30, 2024 16,612,191         369,221
Preferred share subscription, less offering costs $ 0 110,456 0 0 110,500 $ 44
Preferred share subscription, less offering costs           44,200
Common share subscription, less offering costs $ 5 122,520 0 0 122,525 $ 0
Common share subscription, less offering costs 51,929          
Common stock issued on warrant exercise $ 23 693,423 0 0 693,446 0
Common share issued on warrant exercise, Shares 225,400          
Share based compensation $ 0 74,604 0 0 74,604 0
Stock warrants issued 0 796,205 0 0 796,205 0
Net loss 0 0 (4,445,260) 0 (4,445,260) 0
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2024 $ 1,742 28,601,442 (19,709,861) (209,639) 8,684,054 $ 369
Shares, Outstanding, Ending Balance at Sep. 30, 2024 17,450,314         369,221
Common stock issued on warrant exercise $ 83 2,371,161 0 0 2,371,244 $ 0
Common share issued on warrant exercise, Shares 838,123          
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2024 $ 1,903 35,674,391 (23,968,089) (209,708) 11,498,497  
Shares, Outstanding, Beginning Balance at Dec. 31, 2024 19,027,208          
Common shares issued for non-cash consideration $ 212 1,186,384 0 0 1,186,596  
Common shares issued for non-cash consideration 2,125,382          
Debt converted to common shares $ 11 92,073 0 0 92,084  
Debt converted to common shares, Shares 108,334          
Share based compensation $ 0 78,880 0 0 78,880  
Stock warrants issued 0 56,660 0 0 56,660  
Other Comprehensive Income (Loss), Net of Tax 0 0 0 422 422  
Net loss 0 0 (3,333,694) 0 (3,333,694)  
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2025 $ 2,126 37,088,388 (27,301,783) (209,286) 9,579,445  
Shares, Outstanding, Ending Balance at Mar. 31, 2025 21,260,924          
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2024 $ 1,903 35,674,391 (23,968,089) (209,708) 11,498,497  
Shares, Outstanding, Beginning Balance at Dec. 31, 2024 19,027,208          
Common shares issued for non-cash consideration         2,513,838  
Debt converted to common shares         237,549  
Debt converted to common shares, Shares 242,084          
Share based compensation         546,417  
Net loss         (9,333,028)  
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2025 $ 2,348 38,971,784 (33,301,117) (212,094) 5,460,921  
Shares, Outstanding, Ending Balance at Sep. 30, 2025 23,483,808          
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2025 $ 2,126 37,088,388 (27,301,783) (209,286) 9,579,445  
Shares, Outstanding, Beginning Balance at Mar. 31, 2025 21,260,924          
Common shares issued for non-cash consideration $ 81 143,922 0 0 144,003  
Common shares issued for non-cash consideration 809,237          
Debt converted to common shares $ 4 100,485 0 0 100,489  
Debt converted to common shares, Shares 40,000          
Share based compensation $ 0 230,474 0 0 230,474  
Stock warrants issued 0 21,818 0 0 21,818  
Other Comprehensive Income (Loss), Net of Tax 0 0 0 (2,097) (2,097)  
Net loss 0 0 (2,208,650) 0 (2,208,650)  
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2025 $ 2,211 37,585,087 (29,510,433) (211,383) 7,865,482  
Shares, Outstanding, Ending Balance at Jun. 30, 2025 22,110,161          
Common shares issued for non-cash consideration $ 128 481,701 0 0 481,829  
Common shares issued for non-cash consideration 1,279,897          
Debt converted to common shares $ 9 44,991 0 0 45,000  
Debt converted to common shares, Shares 93,750          
Share based compensation $ 0 237,063 0 0 237,063  
Stock warrants issued 0 622,942 0 0 622,942  
Other Comprehensive Income (Loss), Net of Tax 0 0 0 (711) (711)  
Net loss 0 0 (3,790,684) 0 (3,790,684)  
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2025 $ 2,348 $ 38,971,784 $ (33,301,117) $ (212,094) $ 5,460,921  
Shares, Outstanding, Ending Balance at Sep. 30, 2025 23,483,808