Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Changes in Stockholders' Equity (Unaudited)

v3.25.3
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
 [1]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2023 $ 2,192 [1] $ 49,457,542 $ (44,604,479) $ 4,855,255
Balance, shares at Dec. 31, 2023 313,114 [1]      
Stock-based compensation expense $ 89 [1] 755,505 755,594
Stock-based compensation expense, shares [1]   12,639      
Sale of Common Stock $ 457 [1] 2,949,544 2,950,001
Sale of Common Stock, shares [1]   65,333      
Exercise of stock warrants $ 249 [1] 1,343,128 1,343,377
Exercise of stock warrants, shares [1]   35,558      
Offering costs [1] (785,167) (785,167)
Net loss [1] (6,072,934) (6,072,934)
Exercise of stock options $ 15 [1] 74,884 74,899
Exercise of stock options, shares [1]   6,931      
Balance at Sep. 30, 2024 $ 3,002 [1] 53,795,436 (50,677,413) 3,121,025
Balance, shares at Sep. 30, 2024 433,575 [1]      
Balance at Jun. 30, 2024 $ 2,647 [1] 52,107,040 (48,676,573) 3,433,114
Balance, shares at Jun. 30, 2024 382,842 [1]      
Stock-based compensation expense $ 22 [1] 185,665 185,687
Stock-based compensation expense, shares [1]   3,176      
Sale of Common Stock $ 84 [1] 449,917 450,001
Sale of Common Stock, shares [1]   12,000      
Exercise of stock warrants $ 249 [1] 1,342,981 1,343,230
Exercise of stock warrants, shares [1]   35,557      
Offering costs [1] (290,167) (290,167)
Net loss [1] (2,000,840) (2,000,840)
Exercise of stock options [1]
Balance at Sep. 30, 2024 $ 3,002 [1] 53,795,436 (50,677,413) 3,121,025
Balance, shares at Sep. 30, 2024 433,575 [1]      
Balance at Dec. 31, 2024 $ 3,553 [1] 56,242,793 (53,644,310) 2,602,036
Balance, shares at Dec. 31, 2024 507,520 [1]      
Stock-based compensation expense $ 87 [1] 605,268 605,355
Stock-based compensation expense, shares [1]   12,416      
Sale of Common Stock $ 14,483 [1] 6,315,649 6,330,132
Sale of Common Stock, shares [1]   2,068,993      
Exercise of stock warrants $ 5,847 [1] 7,137,908 7,143,755
Exercise of stock warrants, shares [1]   835,303      
Issuance of Preferred Stock $ 1 [1] 989,999 990,000
Issuance of Preferred Stock, shares 990        
Conversion of Preferred Stock $ 294 [1] (294)
Conversion of Preferred Stock, shares (290)        
Conversion of Preferred Stock, shares [1]   42,028      
Reclass of warrant liability [1] 4,421,667 4,421,667
Offering costs [1] (1,418,459) (1,418,459)
Net loss [1] (11,772,288) (11,772,288)
Balance at Sep. 30, 2025 $ 1 $ 24,264 [1] 74,294,531 (65,416,598) 8,902,198
Balance, shares at Sep. 30, 2025 700 3,466,260      
Balance at Jun. 30, 2025 $ 6,573 [1] 58,222,833 (60,365,514) (2,136,108)
Balance, shares at Jun. 30, 2025 939,138 [1]      
Stock-based compensation expense $ 19 [1] 67,113 67,132
Stock-based compensation expense, shares [1]   2,625      
Sale of Common Stock $ 12,116 [1] 6,075,688 6,087,804
Sale of Common Stock, shares [1]   1,730,789      
Exercise of stock warrants $ 5,262 [1] 5,579,917 5,585,179
Exercise of stock warrants, shares [1]   751,680      
Issuance of Preferred Stock $ 1 [1] 989,999 990,000
Issuance of Preferred Stock, shares 990        
Conversion of Preferred Stock $ 294 [1] (294)
Conversion of Preferred Stock, shares (290)        
Conversion of Preferred Stock, shares [1]   42,028      
Reclass of warrant liability [1] 4,421,667 4,421,667
Offering costs [1] (1,062,392) (1,062,392)
Net loss [1] (5,051,084) (5,051,084)
Balance at Sep. 30, 2025 $ 1 $ 24,264 [1] $ 74,294,531 $ (65,416,598) $ 8,902,198
Balance, shares at Sep. 30, 2025 700 3,466,260      
[1] The values of Common Stock and paid-in capital, as well as the number of shares issued and outstanding, have been retroactively adjusted in order to give effect to the Company’s 1-for-30 reverse stock split.