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STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
Preferred Stock
Convertible Preferred Stock, Series B
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 18,114   (18,114)    
Stock based compensation expense (Note 4)     3,547   3,547
Payment of cumulative dividends (Note 5) (24,152)       (24,152)
Common stock issued (Note 4)   35,686     35,686
Net income       1,442,815 1,442,815
Balance at Sep. 30, 2021 508,400 10,566,355 2,231,934 (6,297,626) 7,009,063
Balance at Jun. 30, 2021 502,362 10,558,867 2,236,790 (6,966,308) 6,331,711
Accretion of cumulative dividends 6,038   (6,038)    
Stock based compensation expense (Note 4)     1,182   1,182
Common stock issued (Note 4)   7,488     7,488
Net income       668,682 668,682
Balance at Sep. 30, 2021 $ 508,400 10,566,355 2,231,934 (6,297,626) 7,009,063
Balance at Dec. 31, 2021   10,573,843 2,227,078 (6,061,617) 6,739,304
Stock based compensation expense (Note 4)     3,547   3,547
Common stock issued (Note 4)   37,095     37,095
Net income       1,491,977 1,491,977
Balance at Sep. 30, 2022   10,610,938 2,230,625 (4,569,640) 8,271,923
Balance at Jun. 30, 2022   10,603,450 2,229,443 (5,012,343) 7,820,550
Stock based compensation expense (Note 4)     1,182   1,182
Common stock issued (Note 4)   7,488     7,488
Net income       442,703 442,703
Balance at Sep. 30, 2022   $ 10,610,938 $ 2,230,625 $ (4,569,640) $ 8,271,923