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Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 10,940,900 $ 2,269,200
Accounts receivable less $12,000 allowance for credit losses 1,253,500 1,120,700
Inventory, net of allowance of $79,700 and $126,900, respectively  351,500 448,000
Interest receivable 0 160,000
Short-term investments 7,985,600
Prepaid and other current assets 129,700 121,800
Total current assets 12,675,600 12,105,300
Fixed assets    
Leasehold improvements 81,500 81,500
Furniture, fixtures and equipment 179,700 169,800
Fixed assets, gross 261,200 251,300
Less: accumulated depreciation and amortization 240,500 214,800
Total fixed assets 20,700 36,500
Other assets    
Long-term receivable 1,428,400 1,838,500
Operating lease right of use – building 51,800 17,600
Other assets 1,480,200 1,856,100
Total assets 14,176,500 13,997,900
Current liabilities    
Accounts payable 68,400 27,500
Accrued expenses 186,200 94,600
Stock compensation payable 3,584,700 1,347,100
Operating lease liability – current 51,800 17,600
Total current liabilities 3,891,100 1,486,800
Other liabilities    
Accrued expenses – non-current 99,900 128,600
Total other liabilities 99,900 128,600
Stockholders' equity    
Common stock, $0.01 par value Authorized – 75,000,000 shares Issued and outstanding – 10,523,108 shares 105,200 105,000
Paid-in capital 21,734,600 21,647,100
Accumulated deficit (11,654,300) (9,369,600)
Total stockholders' equity 10,185,500 12,382,500
Total liabilities and stockholders' equity $ 14,176,500 $ 13,997,900