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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY (UNAUDITED) - USD ($)
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Balance, shares at Dec. 31, 2022   7,023,401 19,802      
Balance, amount at Dec. 31, 2022 $ 14,792,600 $ 351,200 $ 52,400 $ 32,900,800 $ (8,400) $ (18,398,600)
Net loss (2,370,500) 0 0 0 0 (2,370,500)
Foreign currency translation adjustment 40,200 0 0 0 40,200 0
Unrealized holding gain on investment securities, net of tax 3,700 0 0 0 3,700 0
Stock-based compensation 602,600 $ 0 $ 0 602,600 0 0
Balance, shares at Mar. 31, 2023   7,023,401 19,802      
Balance, amount at Mar. 31, 2023 13,068,600 $ 351,200 $ 52,400 33,503,400 35,500 (20,769,100)
Balance, shares at Dec. 31, 2022   7,023,401 19,802      
Balance, amount at Dec. 31, 2022 14,792,600 $ 351,200 $ 52,400 32,900,800 (8,400) (18,398,600)
Net loss (4,662,500)          
Stock-based compensation 1,187,300          
Balance, shares at Jun. 30, 2023   7,003,599        
Balance, amount at Jun. 30, 2023 11,329,100 $ 350,200 $ 0 34,036,700 3,300 (23,061,100)
Balance, shares at Mar. 31, 2023   7,023,401 19,802      
Balance, amount at Mar. 31, 2023 13,068,600 $ 351,200 $ 52,400 33,503,400 35,500 (20,769,100)
Net loss (2,292,000) 0 0 0 0 (2,292,000)
Foreign currency translation adjustment (30,100) 0 0 0 (30,100) 0
Unrealized holding gain on investment securities, net of tax (2,100) 0 0 0 (2,100) 0
Stock-based compensation 584,700 $ 0 $ 0 584,700 0 0
Retirement of treasury stock, shares   (19,802) (19,802)      
Retirement of treasury stock, amount 0 $ (1,000) $ (52,400) (51,400) 0 0
Balance, shares at Jun. 30, 2023   7,003,599        
Balance, amount at Jun. 30, 2023 11,329,100 $ 350,200 0 34,036,700 3,300 (23,061,100)
Balance, shares at Dec. 31, 2023   10,145,211        
Balance, amount at Dec. 31, 2023 13,885,400 $ 507,300   40,844,600 18,600 (27,485,100)
Net loss (2,051,600) 0 0 0 0 (2,051,600)
Foreign currency translation adjustment (60,300) 0 0 0 (60,300) 0
Stock-based compensation 199,900 $ 0 0 199,900 0 0
Issuance of Common Stock and Warrants, net of issuance costs (Note 7), shares   358,388        
Issuance of Common Stock and Warrants, net of issuance costs (Note 7), amount 221,900 $ 17,900 0 204,000   0
Fair value modification of warrants recorded as stock issuance costs 423,800 $ 0 0 423,800   0
Balance, shares at Mar. 31, 2024   10,503,599        
Balance, amount at Mar. 31, 2024 12,619,100 $ 525,200 0 41,672,300 (41,700) (29,536,700)
Balance, shares at Dec. 31, 2023   10,145,211        
Balance, amount at Dec. 31, 2023 13,885,400 $ 507,300   40,844,600 18,600 (27,485,100)
Net loss (3,335,200)          
Stock-based compensation 530,200          
Balance, shares at Jun. 30, 2024   10,503,599        
Balance, amount at Jun. 30, 2024 11,681,600 $ 525,200 0 42,002,600 (25,900) (30,820,300)
Balance, shares at Mar. 31, 2024   10,503,599        
Balance, amount at Mar. 31, 2024 12,619,100 $ 525,200 0 41,672,300 (41,700) (29,536,700)
Net loss (1,283,600) 0 0 0 0 (1,283,600)
Foreign currency translation adjustment 15,800 0 0 0 15,800 0
Stock-based compensation 330,300 $ 0 0 330,300 0 0
Balance, shares at Jun. 30, 2024   10,503,599        
Balance, amount at Jun. 30, 2024 $ 11,681,600 $ 525,200 $ 0 $ 42,002,600 $ (25,900) $ (30,820,300)