Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited)

v3.23.3
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance, value at Dec. 31, 2021 $ 4,044,318 $ 18,740 $ 12,703,896 $ (28,513,355) $ (15,790,719)
Balance, shares at Dec. 31, 2021 756,558 2,677,140      
Stock-based compensation expense $ 127 211,618 211,745
Stock-based compensation expense, shares   18,154      
Net loss (6,479,530) (6,479,530)
Beneficial conversion feature for bridge notes 348,219 348,219
Return of capital from stock split (185) (185)
Debt discount for warrants issued 383,696 383,696
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
Common stock issued upon initial public offering, net of underwriters commission and offering costs, 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
Balance, value at Sep. 30, 2022 $ 58,588 47,532,797 (34,992,885) $ 12,598,500
Balance, shares at Sep. 30, 2022 8,369,750      
Balance, value at Jun. 30, 2022 $ 4,044,318 $ 18,861 13,268,237 (30,073,427) (16,786,329)
Balance, shares at Jun. 30, 2022 756,558 2,694,459      
Stock-based compensation expense $ 6 79,007 79,013
Stock-based compensation expense, shares   835      
Net loss (4,919,458) (4,919,458)
Beneficial conversion feature for bridge notes 134,277 134,277
Debt discount for warrants issued 165,723 165,723
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
Common stock issued upon initial public offering, net of underwriters commission and offering costs, 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      
Balance, value at Sep. 30, 2022 $ 58,588 47,532,797 (34,992,885) 12,598,500
Balance, shares at Sep. 30, 2022 8,369,750      
Balance, value at Dec. 31, 2022 $ 58,669 47,652,242 (36,667,468) 11,043,443
Balance, shares at Dec. 31, 2022 8,381,324      
Stock-based compensation expense $ 1,911 512,402 514,313
Stock-based compensation expense, shares   270,587      
Stock issued for acquisition $ 3,955 996,045 1,000,000
Stock issued for acquisition, shares   564,972      
Net loss (5,563,847) $ (5,563,847)
Common stock issued upon initial public offering, net of underwriters commission and offering costs, shares         9,350,297
Exercise of stock options, shares         0
Balance, value at Sep. 30, 2023 $ 64,535 49,160,689 (42,231,315) $ 6,993,909
Balance, shares at Sep. 30, 2023 9,216,883      
Balance, value at Jun. 30, 2023 $ 59,887 47,978,892 (39,940,431) 8,098,348
Balance, shares at Jun. 30, 2023 8,555,365      
Stock-based compensation expense $ 693 185,752 186,445
Stock-based compensation expense, shares   96,546      
Stock issued for acquisition $ 3,955 996,045 1,000,000
Stock issued for acquisition, shares   564,972      
Net loss (2,290,884) (2,290,884)
Balance, value at Sep. 30, 2023 $ 64,535 $ 49,160,689 $ (42,231,315) $ 6,993,909
Balance, shares at Sep. 30, 2023 9,216,883