Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited)

v3.25.0.1
Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)
Preferred Stock [Member]
Senior Eight Point Five Percentage Convertible Preferred Stock [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Preferred Stock [Member]
Senior Eight Point Five Percentage Convertible Preferred Stock [Member]
Common Stock [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock [Member]
Treasury Stock, Common [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Total
Balance at Dec. 31, 2022       $ 3,654   $ (46,355)   $ 139,156,522   $ (10,842,569)   $ (117,479,571)   $ 10,791,681
Balance, shares at Dec. 31, 2022       365,340   28                
Cumulative effect of change upon adoption of ASU 2016-13             $ (111,582)   $ (111,582)  
Stock-based compensation:                            
Options           38,834       38,834
Restricted stock units       $ 4     79,418       79,422
Restricted stock units, shares       389                    
Common stock issued for 401(k) employer matching       $ 24     32,593       32,617
Common stock issued for 401(k) employer matching, shares       2,416                    
Common stock issued for cash in private placement       $ 591     590,409       591,000
Common stock issued for cash in private placement, shares       59,100                    
Net loss               (2,695,148)   (2,695,148)
Other comprehensive loss             (39,799)     (39,799)
Shares issued under the New ELOC [1]       $ 365     441,044       441,409
Shares issued under the New ELOC, shares [1]       36,443                    
Relative fair value of warrants issued with 2023 Notes, net of issuance costs [2]           1,506,319       1,506,319
Warrants issued for modification of GGH Notes           134,779       134,779
Reduction of warrant exercise price on new debt issuance           63,502       63,502
Shares issued upon conversion of debt and interest       $ 833     1,570,720       1,571,553
Shares issued upon conversion of debt and interest, shares       83,333                    
Cashless warrant exercise       $ 51     (51)      
Cashless warrant exercise, shares       5,131                    
True-up adjustment                
True-up adjustment, shares       28                    
Balance at Mar. 31, 2023       $ 5,522   $ (46,355)   143,614,089   (10,882,368)   (120,286,301)   12,404,587
Balance, shares at Mar. 31, 2023       552,180   28                
Balance at Dec. 31, 2022       $ 3,654   $ (46,355)   139,156,522   (10,842,569)   (117,479,571)   10,791,681
Balance, shares at Dec. 31, 2022       365,340   28                
Stock-based compensation:                            
Common stock issued for 401(k) employer matching                           $ 32,617
Common stock issued for 401(k) employer matching, shares                           24
Net loss                           $ (9,975,850)
Other comprehensive loss                           (13,512)
Balance at Sep. 30, 2023       $ 10,596   $ (46,355)   146,348,152   (10,856,081)   (127,567,003)   7,889,309
Balance, shares at Sep. 30, 2023       1,059,596   28                
Balance at Mar. 31, 2023       $ 5,522   $ (46,355)   143,614,089   (10,882,368)   (120,286,301)   12,404,587
Balance, shares at Mar. 31, 2023       552,180   28                
Stock-based compensation:                            
Options           38,834       38,834
Restricted stock units           74,978       74,978
Net loss               (4,982,127)   (4,982,127)
Other comprehensive loss             (37,993)     (37,993)
Shares issued under the New ELOC [3]       $ 459     291,138       291,597
Shares issued under the New ELOC, shares [3]       45,877                    
Shares issued upon conversion of debt and interest       $ 829     574,427       575,256
Shares issued upon conversion of debt and interest, shares       82,878                    
Balance at Jun. 30, 2023       $ 6,810   $ (46,355)   144,593,466   (10,920,361)   (125,268,428)   8,365,132
Balance, shares at Jun. 30, 2023       680,935   28                
Stock-based compensation:                            
Options           17,910       17,910
Restricted stock units           75,645       75,645
Common stock issued for cash in private placement       $ 900     404,100       405,000
Common stock issued for cash in private placement, shares       90,000                    
Net loss               (2,298,575)   (2,298,575)
Other comprehensive loss             64,280     64,280
Effect of reverse stock spit       $ 3     (3)      
Effect of reverse stock spit, shares       358                    
Common stock       $ 270     149,730       150,000
Shares issued under the New ELOC [4]       $ 294     42,339       42,633
Shares issued under the New ELOC, shares [4]       29,364                    
Shares issued upon conversion of debt and interest       $ 2,319     672,692       675,011
Shares issued upon conversion of debt and interest, shares       231,912                    
Common stock, shares       27,027                    
Warrant modification           392,273       392,273
Balance at Sep. 30, 2023       $ 10,596   $ (46,355)   146,348,152   (10,856,081)   (127,567,003)   7,889,309
Balance, shares at Sep. 30, 2023       1,059,596   28                
Balance at Dec. 31, 2023     $ 4,808   $ (46,355)   150,631,395   (11,104,706)   (133,789,163) 5,695,979
Temporary Equity Balance, shares at Dec. 31, 2023                          
Temporary Equity Balance at Dec. 31, 2023                        
Balance, shares at Dec. 31, 2023       480,794   3                
Cumulative effect of change upon adoption of ASU 2016-13              
Stock-based compensation:                            
Options           17,911       17,911
Restricted stock units       $ 19     74,747       74,766
Restricted stock units, shares       1,841                    
Common stock issued for 401(k) employer matching       $ 35     14,733       14,768
Common stock issued for 401(k) employer matching, shares       3,497                    
Common stock issued for cash in private placement       $ 2,888     1,730,046       1,732,934
Common stock issued for cash in private placement, shares       288,824                    
Net loss             (2,733,646) (2,733,646)
Other comprehensive loss             (36,391)     (36,391)
Balance at Mar. 31, 2024     $ 7,750   $ (46,355)   152,468,832   (11,141,097)   (136,522,809) 4,766,321
Temporary Equity Balance, shares at Mar. 31, 2024                          
Temporary Equity Balance at Mar. 31, 2024                          
Balance, shares at Mar. 31, 2024       774,956   3                
Balance at Dec. 31, 2023     $ 4,808   $ (46,355)   150,631,395   (11,104,706)   (133,789,163) 5,695,979
Temporary Equity Balance, shares at Dec. 31, 2023                          
Temporary Equity Balance at Dec. 31, 2023                        
Balance, shares at Dec. 31, 2023       480,794   3                
Stock-based compensation:                            
Restricted stock units, shares       26,841                    
Common stock issued for 401(k) employer matching                           $ 14,768
Common stock issued for 401(k) employer matching, shares                           3,497
Net loss                           $ (8,497,349)
Other comprehensive loss                           99,846
Balance at Sep. 30, 2024   $ 3,772,922   $ 9,151   $ (46,355)   152,798,337   (11,004,860)   (142,286,512) (530,239)
Temporary Equity Balance, shares at Sep. 30, 2024   37,370                        
Temporary Equity Balance at Sep. 30, 2024   $ 3,767,761                       3,767,761
Balance, shares at Sep. 30, 2024       915,118   3                
Balance at Mar. 31, 2024     $ 7,750   $ (46,355)   152,468,832   (11,141,097)   (136,522,809) 4,766,321
Temporary Equity Balance, shares at Mar. 31, 2024                          
Temporary Equity Balance at Mar. 31, 2024                          
Balance, shares at Mar. 31, 2024       774,956   3                
Stock-based compensation:                            
Options           17,909       17,909
Restricted stock units       $ 125     81,611       81,736
Restricted stock units, shares       12,500                    
Common stock issued for cash in private placement       $ 166     99,834       100,000
Common stock issued for cash in private placement, shares       16,667                    
Net loss             (2,630,049) (2,630,049)
Other comprehensive loss             84,201     84,201
Anti-dilution shares issued       $ 48     (48)      
Anti-dilution shares issued, shares       4,764                    
Effect of reverse stock spit       $ 804     (804)      
Effect of reverse stock spit, shares       80,379                    
Balance at Jun. 30, 2024     $ 8,893   $ (46,355)   152,667,334   (11,056,896)   (139,152,858) 2,420,118
Temporary Equity Balance, shares at Jun. 30, 2024                          
Temporary Equity Balance at Jun. 30, 2024                          
Balance, shares at Jun. 30, 2024       889,266   3                
Stock-based compensation:                            
Options           17,909       17,909
Restricted stock units       $ 125     150,081       150,206
Restricted stock units, shares       12,500                    
Net loss             (3,133,654) (3,133,654)
Other comprehensive loss             52,036     52,036
Anti-dilution shares issued       $ 133     (133)      
Anti-dilution shares issued, shares       13,352                    
Senior 8.5% preferred stock issued for cash   $ 408,400            
Temporary Equity, Senior 8.5% preferred stock issued for cash, shares   4,084                        
Temporary Equity, Senior 8.5% preferred stock issued for cash, value   $ 408,400                        
Exchange of 8.5 % notes for senior preferred stock [1]   $ 3,327,668            
Temporary Equity, Exchange of 8.5 % notes for senior preferred stock, shares [1]   33,286                        
Temporary Equity, Exchange of 8.5 % notes for senior preferred stock, value [1]   $ 3,322,507                        
Accretion of senior preferred stock to redemption value   36,854       (36,854)       (36,854)
Common stock                
Balance at Sep. 30, 2024   $ 3,772,922   $ 9,151   $ (46,355)   $ 152,798,337   $ (11,004,860)   $ (142,286,512) (530,239)
Temporary Equity Balance, shares at Sep. 30, 2024   37,370                        
Temporary Equity Balance at Sep. 30, 2024   $ 3,767,761                       $ 3,767,761
Balance, shares at Sep. 30, 2024       915,118   3                
[1] Includes gross proceeds of $480,670, less $39,261 of offering costs.
[2] Represents $1,609,935 relative fair value of warrants, less $103,616 of allocable issuance costs.
[3] Includes gross proceeds of $316,953, less $25,356 of offering costs.
[4] Includes gross proceeds of $52,988, less $10,355 of offering costs.