General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Stockholders' Equity (Deficit)

v3.23.3
Condensed Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
Preferred Stock [Member]
Preferred Stock [Member]
Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Dec. 31, 2020   $ 4,044,318 $ 18,724 $ 7,095,355 $ (22,186,942) $ (15,072,863)
Beginning balance, shares at Dec. 31, 2020   756,558 2,674,860      
Stock-based compensation expense   $ 16 42,996 43,012
Stock-based compensation expense, shares     2,280      
Net loss   (6,326,413) (6,326,413)
Beneficial conversion feature for bridge notes   739,602 739,602
Debt discount for warrants issued   745,604 745,604
Fair value of warrants issued   4,080,339 $ 4,080,339
Exercise of stock options, shares          
Ending balance, value at Dec. 31, 2021   $ 4,044,318 $ 18,740 12,703,896 (28,513,355) $ (15,790,719)
Ending balance, shares at Dec. 31, 2021   756,558 2,677,140      
Stock-based compensation expense   $ 121 132,426 132,732
Stock-based compensation expense, shares     17,319      
Net loss   (1,560,072) (1,560,072)
Beneficial conversion feature for bridge notes   213,942 213,942
Debt discount for warrants issued   217,973 217,973
Common stock issued upon initial public offering, net of underwriters’ commission and offering costs of $1.8 million  
Exercise of stock options, shares           0
Ending balance, value at Jun. 30, 2022   $ 4,044,318 $ 18,861 13,268,237 (30,073,427) $ (16,786,329)
Ending balance, shares at Jun. 30, 2022   756,558 2,694,459      
Beginning balance, value at Dec. 31, 2021   $ 4,044,318 $ 18,740 12,703,896 (28,513,355) (15,790,719)
Beginning balance, shares at Dec. 31, 2021   756,558 2,677,140      
Stock-based compensation expense   $ 208 248,384 248,592
Stock-based compensation expense, shares     29,728      
Net loss   (8,154,113) (8,154,113)
Beneficial conversion feature for bridge notes   462,344 462,344
Debt discount for warrants issued   352,250 352,250
Common stock issued upon initial public offering, net of underwriters’ commission and offering costs of $1.8 million   8,978 6,018,436 6,027,414
Return of capital from stock split   (185) (185)
Common stock issued upon initial public offering, net of underwriters' commission and offering costs of $1.8 million, shares     1,282,600      
Common stock issued on conversion of convertible preferred stock   $ (4,044,318) $ 5,296 4,039,022 4,044,318
Common stock issued on conversion of convertible preferred stock, shares   (756,558) 756,558      
Common stock issued on conversion of notes payable   $ 17,738 16,047,594 16,065,332
Common stock issued on conversion of notes payable, shares     2,533,964      
Exercise of warrants   $ 7,255 7,706,055 7,713,310
Exercise of warrants, shares     1,036,486      
Exercise of stock options   $ 454 74,446 $ 74,900
Exercise of stock options, shares     64,848     64,848
Ending balance, value at Dec. 31, 2022 $ 58,669 47,652,242 (36,667,468) $ 11,043,443
Ending balance, shares at Dec. 31, 2022 8,381,324      
Beginning balance, value at Mar. 31, 2022   $ 4,044,318 $ 18,850 13,241,748 (29,985,375) (16,724,777)
Beginning balance, shares at Mar. 31, 2022   756,558 2,692,912      
Stock-based compensation expense   $ 11 26,674 26,685
Stock-based compensation expense, shares     1,547      
Net loss   (88,052) (88,052)
Debt discount for warrants issued   (185) (185)
Ending balance, value at Jun. 30, 2022   $ 4,044,318 $ 18,861 13,268,237 (30,073,427) (16,786,329)
Ending balance, shares at Jun. 30, 2022   756,558 2,694,459      
Beginning balance, value at Dec. 31, 2022 $ 58,669 47,652,242 (36,667,468) 11,043,443
Beginning balance, shares at Dec. 31, 2022 8,381,324      
Stock-based compensation expense   $ 1,218 326,650 327,868
Stock-based compensation expense, shares     174,041      
Net loss   (3,272,963) $ (3,272,963)
Exercise of stock options, shares           0
Ending balance, value at Jun. 30, 2023   $ 59,887 47,978,892 (39,940,431) $ 8,098,348
Ending balance, shares at Jun. 30, 2023     8,555,365      
Beginning balance, value at Mar. 31, 2023   $ 59,241 47,809,283 (38,200,258) 9,668,266
Beginning balance, shares at Mar. 31, 2023   8,463,052      
Stock-based compensation expense   $ 646 169,609 170,255
Stock-based compensation expense, shares     92,313      
Net loss   (1,740,173) (1,740,173)
Ending balance, value at Jun. 30, 2023   $ 59,887 $ 47,978,892 $ (39,940,431) $ 8,098,348
Ending balance, shares at Jun. 30, 2023     8,555,365