Preferred Stock	9 Months Ended
Sep. 30, 2022
Preferred Stock
Preferred Stock	Note 5. Preferred Stock The Board of Directors voted in November 2021 to authorize full redemption of the 24,152 shares of the Company’s Convertible Preferred Stock, Series B (“Series B”) outstanding effective December 31, 2021. This involved cash payments of $248,766 ($10.30 per Series B share, which included a 3% premium to the stated value of $10 per share), plus unpaid annual dividends of $265,672 ($11.00 per Series B share). Dividends on the Convertible Preferred Stock, Series B accrued at 10% annually on the outstanding shares prior to the redemption in 2021 and were $6,038 and $18,114 for the three and nine months ended September 30, 2021, respectively. During June 2021, a cash dividend payment of $24,152 was made to preferred shareholders.

Preferred Stock

9 Months Ended

Sep. 30, 2022

Note 5. Preferred Stock

The Board of Directors voted in November 2021 to authorize full redemption of the 24,152 shares of the Company’s Convertible Preferred Stock, Series B (“Series B”) outstanding effective December 31, 2021. This involved cash payments of $248,766 ($10.30 per Series B share, which included a 3% premium to the stated value of $10 per share), plus unpaid annual dividends of $265,672 ($11.00 per Series B share).

Dividends on the Convertible Preferred Stock, Series B accrued at 10% annually on the outstanding shares prior to the redemption in 2021 and were $6,038 and $18,114 for the three and nine months ended September 30, 2021, respectively. During June 2021, a cash dividend payment of $24,152 was made to preferred shareholders.