Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

v3.22.1
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2020   $ 22,125 $ 83,814,376 $ (25,992) $ (2,890,969) $ 80,919,540
Beginning balance (in shares) at Dec. 31, 2020   22,124,801        
Issuance of Common Stock, net of expenses   $ 303 1,542,162     1,542,465
Issuance of Common Stock, net of expenses (in shares)   303,407        
Stock based compensation     4,107     4,107
Unrealized gain (loss) on marketable securities       (7,494)   (7,494)
Dividends paid on Preferred Stock           0
Net income         2,183,101 2,183,101
Balance at Mar. 31, 2021   $ 22,428 85,360,645 (33,486) (707,868) 84,641,719
Balance (in shares) at Mar. 31, 2021   22,428,208        
Beginning balance at Dec. 31, 2021 $ 1,903 $ 32,730 185,516,394 (476,016) (4,992,450) 180,082,561
Beginning balance (in shares) at Dec. 31, 2021 1,903,000 32,730,004        
Issuance of Preferred Stock, net of expenses   $ 2,730 15,545,085     15,547,815
Number of shares sold   2,730,725        
Exercise of warrants   $ 20 (20)      
Exercise of warrants (in shares)   19,658        
Stock based compensation   $ 34 106,845     106,879
Stock based compensation (in shares)   33,500        
Unrealized gain (loss) on marketable securities       242,808   242,808
Dividends paid on Preferred Stock         (921,766) (921,766)
Net income         4,351,466 4,351,466
Balance at Mar. 31, 2022 $ 1,903 $ 35,514 $ 201,168,304 $ (233,208) $ (1,562,750) $ 199,409,763
Balance (in shares) at Mar. 31, 2022 1,903,000 35,513,887