Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY

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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY - USD ($)
Total
Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2022   11,900,217    
Balance, amount at Dec. 31, 2022 $ 29,118,155 $ 11,900 $ 173,595,385 $ (144,489,130)
Shares issued - registered offerings - net of offering costs, shares   169,978    
Shares issued - registered offerings - net of offering costs, amount 731,052 $ 170 730,882 0
Shares issued to consultant & directors for services, shares   55,835    
Shares issued to consultant & directors for services, amount 215,000 $ 56 214,944 0
Stock-based compensation 284,360 $ 0 284,360 0
Balance, shares at Mar. 31, 2023   12,126,030    
Balance, amount at Mar. 31, 2023 28,321,987 $ 12,126 174,825,571 (146,515,710)
Balance, shares at Dec. 31, 2022   11,900,217    
Balance, amount at Dec. 31, 2022 29,118,155 $ 11,900 173,595,385 (144,489,130)
Net loss for the period (3,698,804)      
Balance, shares at Jun. 30, 2023   12,484,799    
Balance, amount at Jun. 30, 2023 28,564,891 $ 12,485 176,740,340 (148,187,934)
Balance, shares at Mar. 31, 2023   12,126,030    
Balance, amount at Mar. 31, 2023 28,321,987 $ 12,126 174,825,571 (146,515,710)
Shares issued - registered offerings - net of offering costs, shares   320,023    
Shares issued - registered offerings - net of offering costs, amount 1,583,330 $ 320 1,583,010 0
Shares issued to consultant & directors for services, shares   3,658    
Shares issued to consultant & directors for services, amount 15,000 $ 4 14,996 0
Stock-based compensation 316,798 $ 0 316,798 0
Net loss for the period (1,672,224)      
Shares issued pursuant to restricted stock awards, shares   35,088    
Shares issued pursuant to restricted stock awards, amount 0 $ 35 (35) 0
Balance, shares at Jun. 30, 2023   12,484,799    
Balance, amount at Jun. 30, 2023 28,564,891 $ 12,485 176,740,340 (148,187,934)
Balance, shares at Dec. 31, 2023   13,698,274    
Balance, amount at Dec. 31, 2023 28,911,047 $ 13,698 181,295,125 (152,397,776)
Shares issued - registered offerings - net of offering costs, shares   427,300    
Shares issued - registered offerings - net of offering costs, amount 1,221,982 $ 428 1,221,554 0
Shares issued to consultant & directors for services, shares   64,206    
Shares issued to consultant & directors for services, amount 255,000 $ 64 254,936 0
Stock-based compensation 456,904 $ 0 456,904 0
Balance, shares at Mar. 31, 2024   14,189,780    
Balance, amount at Mar. 31, 2024 28,025,349 $ 14,190 183,228,519 (155,217,360)
Balance, shares at Dec. 31, 2023   13,698,274    
Balance, amount at Dec. 31, 2023 28,911,047 $ 13,698 181,295,125 (152,397,776)
Net loss for the period (5,194,218)      
Balance, shares at Jun. 30, 2024   14,591,477    
Balance, amount at Jun. 30, 2024 27,021,990 $ 14,591 184,599,393 (157,591,994)
Balance, shares at Mar. 31, 2024   14,189,780    
Balance, amount at Mar. 31, 2024 28,025,349 $ 14,190 183,228,519 (155,217,360)
Shares issued - registered offerings - net of offering costs, shares   400,831    
Shares issued - registered offerings - net of offering costs, amount 982,642 $ 400 982,242 0
Shares issued to consultant & directors for services, shares   5,000    
Shares issued to consultant & directors for services, amount 15,000 $ 5 14,995 0
Stock-based compensation 384,216 $ 0 384,216 0
Net loss for the period (2,374,634)      
Net share settlement for withholding taxes paid upon vesting of restricted stock awards, shares   4,134    
Net share settlement for withholding taxes paid upon vesting of restricted stock awards, amount (10,583) $ (4) (10,579)  
Balance, shares at Jun. 30, 2024   14,591,477    
Balance, amount at Jun. 30, 2024 $ 27,021,990 $ 14,591 $ 184,599,393 $ (157,591,994)