Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Stockholders??? Equity

v3.23.2
Condensed Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
Preferred Stock [Member]
Series A Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
BALANCE at Dec. 31, 2021   $ 153,750 $ (53,750) $ (8,736,894)   $ (8,636,894)
BALANCE, Shares at Dec. 31, 2021   3,074,998        
Net (loss) income       (440,982)   (440,982)
Issuance of common stock for professional services   $ 625 (625)      
Issuance of common stock for professional services, Shares   12,499        
Issuance of common stock for conversion of related party payables   $ 14,687 2,335,313     2,350,000
Issuance of common stock for conversion of related party payables, Shares   293,750        
Issuance of common stock for conversion of working capital note payable   $ 3,125 496,875     500,000
Issuance of common stock for conversion of working capital note payable, Shares   62,500        
Effect of reverse capitalization   $ 121,467 1,473,312     1,594,779
Effect of reverse capitalization, Shares   2,429,341        
Issuance of common stock for HEC Asset Acquisition   $ 78,125 12,703,109     12,781,234
Issuance of common stock for HEC Asset Acquisition, Shares   1,562,498        
Issuance of preferred stock and warrants to PIPE investors, net of issuance costs $ 32,000   29,268,630     29,300,630
Issuance of preferred stock and warrants to PIPE investors, net of issuance costs, Shares 32,000          
Contingent consideration related to merger transaction     (4,684,000)     (4,684,000)
Other comprehensive income (loss)         $ (32,798) (32,798)
BALANCE at Jun. 30, 2022 $ 32,000 $ 371,779 41,538,864 (9,177,876) (32,798) 32,731,969
BALANCE, Shares at Jun. 30, 2022 32,000 7,435,586        
BALANCE at Mar. 31, 2022 $ 32,000 $ 371,779 41,538,864 (10,620,528) (17,067) 31,305,048
BALANCE, Shares at Mar. 31, 2022 32,000 7,435,586        
Net (loss) income       1,442,652   1,442,652
Other comprehensive income (loss)         (15,731) (15,731)
BALANCE at Jun. 30, 2022 $ 32,000 $ 371,779 41,538,864 (9,177,876) (32,798) 32,731,969
BALANCE, Shares at Jun. 30, 2022 32,000 7,435,586        
BALANCE at Dec. 31, 2022 $ 28,000 $ 495,779 45,798,069 (19,089,134) (10,422) 27,222,292
BALANCE, Shares at Dec. 31, 2022 28,000 9,915,586        
Net (loss) income       (4,105,733)   (4,105,733)
Issuance of common stock under Employee Stock Purchase Plan   $ 4,250 121,148     125,398
Issuance of common stock under Employee Stock Purchase Plan, Shares   84,995        
Issuance of common stock under Equity Incentive Plan   $ 1,875 (1,875)      
Issuance of common stock under Equity Incentive Plan, Shares   37,500        
Gain on extinguishment of related party debt     36,291     36,291
Share based compensation     612,982     612,982
Other share retirements   $ (212) (19,698) 13,619   (6,291)
Other share retirements, shares   (4,250)        
Other comprehensive income (loss)         44,530 44,530
BALANCE at Jun. 30, 2023 $ 28,000 $ 501,692 46,546,917 (23,181,248) 34,108 23,929,469
BALANCE, Shares at Jun. 30, 2023 28,000 10,033,831        
BALANCE at Mar. 31, 2023 $ 28,000 $ 497,442 46,088,941 (21,630,504) 13,983 24,997,862
BALANCE, Shares at Mar. 31, 2023 28,000 9,948,836        
Net (loss) income       (1,550,744)   (1,550,744)
Issuance of common stock under Employee Stock Purchase Plan   $ 4,250 121,148     125,398
Issuance of common stock under Employee Stock Purchase Plan, Shares   84,995        
Gain on extinguishment of related party debt     36,291     36,291
Share based compensation     300,537     300,537
Other comprehensive income (loss)         20,125 20,125
BALANCE at Jun. 30, 2023 $ 28,000 $ 501,692 $ 46,546,917 $ (23,181,248) $ 34,108 $ 23,929,469
BALANCE, Shares at Jun. 30, 2023 28,000 10,033,831