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STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
Convertible Preferred Stock, Series B
Preferred stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2020 $ 514,438 $ 10,530,669 $ 2,246,501 $ (7,740,441) $ 5,551,167
Accretion of cumulative dividends 6,038   (6,038)    
Stock based compensation expense (Note 4)     1,183   1,183
Common stock issued (Note 4)   20,705     20,705
Net income       652,585 652,585
Balance at Mar. 31, 2021 520,476 10,551,374 2,241,646 (7,087,856) 6,225,640
Balance at Dec. 31, 2020 514,438 10,530,669 2,246,501 (7,740,441) 5,551,167
Net income         774,133
Balance at Jun. 30, 2021 502,362 10,558,867 2,236,790 (6,966,308) 6,331,711
Balance at Mar. 31, 2021 520,476 10,551,374 2,241,646 (7,087,856) 6,225,640
Accretion of cumulative dividends 6,038   (6,038)    
Stock based compensation expense (Note 4)     1,182   1,182
Payment of cumulative dividends (Note 7) (24,152)       (24,152)
Common stock issued (Note 4)   7,493     7,493
Net income       121,548 121,548
Balance at Jun. 30, 2021 $ 502,362 10,558,867 2,236,790 (6,966,308) 6,331,711
Balance at Dec. 31, 2021   10,573,843 2,227,078 (6,061,617) 6,739,304
Stock based compensation expense (Note 4)     1,183   1,183
Common stock issued (Note 4)   22,116     22,116
Net income       384,401 384,401
Balance at Mar. 31, 2022   10,595,959 2,228,261 (5,677,216) 7,147,004
Balance at Dec. 31, 2021   10,573,843 2,227,078 (6,061,617) 6,739,304
Net income         1,049,274
Balance at Jun. 30, 2022   10,603,450 2,229,443 (5,012,343) 7,820,550
Balance at Mar. 31, 2022   10,595,959 2,228,261 (5,677,216) 7,147,004
Stock based compensation expense (Note 4)     1,182   1,182
Common stock issued (Note 4)   7,491     7,491
Net income       664,873 664,873
Balance at Jun. 30, 2022   $ 10,603,450 $ 2,229,443 $ (5,012,343) $ 7,820,550