Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity (Deficit)

v3.23.1
Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
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      
Fair value of warrants issued 4,080,339 4,080,339
Beneficial conversion feature for bridge notes 739,602 739,602
Debt discount for warrants issued 745,604 745,604
Net loss (6,326,413) $ (6,326,413)
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 $ 208 248,384 248,592
Stock-based compensation expense, shares   29,728      
Beneficial conversion feature for bridge notes 462,344 462,344
Debt discount for warrants issued 352,250 352,250
Net loss (8,154,113) (8,154,113)
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 $ 8,978 6,018,436 6,027,414
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