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)           (3,049,691)
Balance at Sep. 30, 2019 $ 2,080,000 $ 1,925 30,672,614 (33,319,524) (157,452) (722,437)
Balance, shares at Sep. 30, 2019 2,080 1,926,071        
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 options granted to employees 6,241 6,241
Stock issuance costs (10,000) (10,000)
Stock Repurchase (1,151) (1,151)
Net Income (Loss) (1,949,791) (1,949,791)
Balance at Jun. 30, 2019 $ 2,830,000 $ 1,796 29,598,664 (32,175,455) (150,610) 104,395
Balance, shares at Jun. 30, 2019 2,830 1,796,803        
Commons stock issued for warrants exercised $ 20 151,230 151,250
Commons stock issued for warrants exercised, shares 19,642        
Series B preferred converted to common stock $ (750,000) $ 107 749,893
Series B preferred converted to common stock, Shares (750) 107,143        
Stock options granted to employees 6,884 6,884
Common stock issued for services $ 2 19,164 19,166
Common stock issued for services, shares 2,483        
Debt discount from warrants issued with promissory note 146,779 146,779
Stock Repurchase (6,842) (6,842)
Net Income (Loss) (1,144,069) (1,144,069)
Balance at Sep. 30, 2019 $ 2,080,000 $ 1,925 30,672,614 (33,319,524) (157,452) (722,437)
Balance, shares at Sep. 30, 2019 2,080 1,926,071        
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        
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)           $ (6,321,517)
Balance at Sep. 30, 2020 $ 1,705,000 $ 3,536 39,730,665 (39,062,232) (157,452) 2,219,517
Balance, shares at Sep. 30, 2020 1,705 3,535,339        
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 $ 1,705,000 $ 3,528 39,527,682 (36,353,653) (157,452) 4,725,105
Balance, shares at Jun. 30, 2020 1,705 3,527,470        
Stock options granted to employees 165,491 165,491
Common stock issued for services $ 8 37,492 37,500
Common stock issued for services, shares 7,869        
Net Income (Loss) (2,708,579) (2,708,579)
Balance at Sep. 30, 2020 $ 1,705,000 $ 3,536 $ 39,730,665 $ (39,062,232) $ (157,452) $ 2,219,517
Balance, shares at Sep. 30, 2020 1,705 3,535,339