Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited)

v3.20.2
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Treasury Stock
Total
Balance at Dec. 31, 2018 $ 2,830,000 $ 1,505 $ 27,416,802 $ (30,269,833) $ (149,459) $ (170,985)
Balance, shares at Dec. 31, 2018 2,830 1,505,883        
Commons stock issued for warrants exercised $ 214 1,649,786 1,650,000
Commons stock issued for warrants exercised, shares 214,286        
Stock options granted to employees 21,892 21,892
Net Income (Loss) 44,169 44,169
Balance at Mar. 31, 2019 $ 2,830,000 $ 1,719 29,088,480 (30,225,664) (149,459) 1,545,076
Balance, shares at Mar. 31, 2019 2,830 1,720,169        
Balance at Dec. 31, 2018 $ 2,830,000 $ 1,505 27,416,802 (30,269,833) (149,459) (170,985)
Balance, shares at Dec. 31, 2018 2,830 1,505,883        
Net Income (Loss)           (1,905,622)
Balance at Jun. 30, 2019 $ 2,830 $ 1,796 29,598,664 (32,175,455) (150,610) 104,395
Balance, shares at Jun. 30, 2019 2,830,000 1,796,803        
Balance at Dec. 31, 2018 $ 2,830,000 $ 1,505 27,416,802 (30,269,833) (149,459) (170,985)
Balance, shares at Dec. 31, 2018 2,830 1,505,883        
Balance at Dec. 31, 2019 $ 1,705,000 $ 1,982 31,063,915 (32,740,715) (157,452) (127,270)
Balance, shares at Dec. 31, 2019 1,705 1,982,039        
Balance at Mar. 31, 2019 $ 2,830,000 $ 1,719 29,088,480 (30,225,664) (149,459) 1,545,076
Balance, shares at Mar. 31, 2019 2,830 1,720,169        
Commons stock issued for warrants exercised $ 77 513,943 514,020
Commons stock issued for warrants exercised, shares 76,634        
Stock Repurchase (1,151) (1,151)
Stock options granted to employees     6,241 6,241
Stock issuance costs (10,000) (10,000)
Net Income (Loss) (1,949,791) (1,949,791)
Balance at Jun. 30, 2019 $ 2,830 $ 1,796 29,598,664 (32,175,455) (150,610) 104,395
Balance, shares at Jun. 30, 2019 2,830,000 1,796,803        
Balance at Dec. 31, 2019 $ 1,705,000 $ 1,982 31,063,915 (32,740,715) (157,452) (127,270)
Balance, shares at Dec. 31, 2019 1,705 1,982,039        
Common stock issued $ 1,542 9,251,586 $ 9,253,128
Common stock issued, shares 1,542,188       1,542,188
Stock options granted to employees 8,100 $ 8,100
Stock issuance costs (1,001,885) (1,001,885)
Common stock issued for services $ 2 7,498 7,500
Common stock issued for services, shares 1,611        
Net Income (Loss) (2,147,049) (2,147,049)
Balance at Mar. 31, 2020 $ 1,705,000 $ 3,526 39,329,214 (34,887,764) (157,452) 5,992,524
Balance, shares at Mar. 31, 2020 1,705 3,525,838        
Balance at Dec. 31, 2019 $ 1,705,000 $ 1,982 31,063,915 (32,740,715) (157,452) (127,270)
Balance, shares at Dec. 31, 2019 1,705 1,982,039        
Common stock issued           $ 9,250,000
Common stock issued, shares           1,542,188
Stock options cancelled and replaced to employees           102,800
Net Income (Loss)           $ (3,612,938)
Balance at Jun. 30, 2020 $ 1,705 $ 3,528 39,527,682 (36,353,653) (157,452) 4,725,105
Balance, shares at Jun. 30, 2020 1,705,000 3,527,470        
Balance at Mar. 31, 2020 $ 1,705,000 $ 3,526 39,329,214 (34,887,764) (157,452) 5,992,524
Balance, shares at Mar. 31, 2020 1,705 3,525,838        
Modification of employee stock options     102,800     102,800
Stock options granted to employees 88,170 88,170
Common stock issued for services $ 2 7,498 7,500
Common stock issued for services, shares 1,632        
Net Income (Loss) (1,465,889) (1,465,889)
Balance at Jun. 30, 2020 $ 1,705 $ 3,528 $ 39,527,682 $ (36,353,653) $ (157,452) $ 4,725,105
Balance, shares at Jun. 30, 2020 1,705,000 3,527,470