Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes In Stockholders??? Equity (Deficit) (Unaudited)

v3.23.3
Condensed Consolidated Statements of Changes In Stockholders’ Equity (Deficit) (Unaudited) - USD ($)
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Balance at Dec. 31, 2021 $ 170 $ 107,187,371 $ 817,440 $ (68,682,286) $ 39,322,695
Balance (in Shares) at Dec. 31, 2021 1,701,799        
Shares issued for professional services to directors $ 1 149,717 149,718
Shares issued for professional services to directors (in Shares) 2,566        
Stock based compensation 596,467 596,467
Net Income (loss) 1,563,713 1,563,713
Other comprehensive income (loss) (728,081) (728,081)
Balance at Mar. 31, 2022 $ 171 107,933,555 89,359 (67,118,573) 40,904,512
Balance (in Shares) at Mar. 31, 2022 1,704,365        
Balance at Dec. 31, 2021 $ 170 107,187,371 817,440 (68,682,286) 39,322,695
Balance (in Shares) at Dec. 31, 2021 1,701,799        
Net Income (loss)         (16,983,981)
Balance at Sep. 30, 2022 $ 196 115,431,202 (3,689,764) (85,666,267) 26,075,367
Balance (in Shares) at Sep. 30, 2022 1,962,304        
Balance at Mar. 31, 2022 $ 171 107,933,555 89,359 (67,118,573) 40,904,512
Balance (in Shares) at Mar. 31, 2022 1,704,365        
Shares issued for professional services to directors 60,627 60,627
Shares issued for professional services to directors (in Shares) 2,229        
Stock based compensation 795,052 795,052
Stock based compensation (in Shares) 600        
Net Income (loss) 2,939,284 2,939,284
Other comprehensive income (loss) (1,908,051) (1,908,051)
Balance at Jun. 30, 2022 $ 171 108,789,234 (1,818,692) (64,179,289) 42,791,424
Balance (in Shares) at Jun. 30, 2022 1,707,194        
Issuance of pre-funded and common warrants, net [1] 2,562,265 2,562,265
Shares issued from exercise of pre-funded warrants [1] $ 8 147 155
Shares issued from exercise of pre-funded warrants (in Shares) [1] 77,354        
Share issued in connection with Offering, net [1] $ 17 3,407,473 3,407,490
Share issued in connection with Offering, net (in Shares) [1] 175,000        
Shares issued for professional services to directors   60,622     60,622
Shares issued for professional services to directors (in Shares) 2,756        
Stock based compensation   611,461     611,461
Net Income (loss) (21,486,978) (21,486,978)
Other comprehensive income (loss) (1,871,072) (1,871,072)
Balance at Sep. 30, 2022 $ 196 115,431,202 (3,689,764) (85,666,267) 26,075,367
Balance (in Shares) at Sep. 30, 2022 1,962,304        
Balance at Dec. 31, 2022 $ 375 121,637,611 (2,885,523) (107,408,545) $ 11,343,918
Balance (in Shares) at Dec. 31, 2022 3,746,906       3,746,906
Stock based compensation 557,421 $ 557,421
Net Income (loss) (4,762,078) (4,762,078)
Other comprehensive income (loss) 663 663
Balance at Mar. 31, 2023 $ 375 122,195,032 (2,884,860) (112,170,623) 7,139,924
Balance (in Shares) at Mar. 31, 2023 3,746,906        
Balance at Dec. 31, 2022 $ 375 121,637,611 (2,885,523) (107,408,545) $ 11,343,918
Balance (in Shares) at Dec. 31, 2022 3,746,906       3,746,906
Shares issued from exercise of pre-funded warrants (in Shares)        
Net Income (loss)         $ (18,708,007)
Balance at Sep. 30, 2023 $ 674 128,815,362 (2,848,811) (126,116,552) $ (149,327)
Balance (in Shares) at Sep. 30, 2023 6,738,456       6,738,456
Balance at Mar. 31, 2023 $ 375 122,195,032 (2,884,860) (112,170,623) $ 7,139,924
Balance (in Shares) at Mar. 31, 2023 3,746,906        
Issuance of pre-funded and common warrants, net [2] 2,337,706 2,337,706
Shares issued from exercise of pre-funded warrants [2] $ 117 117
Shares issued from exercise of pre-funded warrants (in Shares) [2] 1,170,680        
Share issued in connection with Offering, net [2] $ 40 382,142 382,182
Share issued in connection with Offering, net (in Shares) [2] 400,000        
Stock based compensation 551,310 551,310
Net Income (loss) (3,680,169) (3,680,169)
Other comprehensive income (loss) (15,267) (15,267)
Balance at Jun. 30, 2023 $ 532 125,466,190 (2,900,127) (115,850,792) 6,715,803
Balance (in Shares) at Jun. 30, 2023 5,317,586        
Issuance of pre-funded and common warrants, net [3] 2,459,282 2,459,282
Shares issued from exercise of pre-funded warrants [3] $ 66 66
Shares issued from exercise of pre-funded warrants (in Shares) [3] 663,460        
Share issued in connection with Offering, net [3] $ 67 245,281 245,348
Share issued in connection with Offering, net (in Shares) [3] 666,925        
Shares issued for professional services to directors $ 9 60,615     60,624
Shares issued for professional services to directors (in Shares) 90,485        
Stock based compensation   583,994     583,994
Net Income (loss)       (10,265,760) (10,265,760)
Other comprehensive income (loss)     51,316   51,316
Balance at Sep. 30, 2023 $ 674 $ 128,815,362 $ (2,848,811) $ (126,116,552) $ (149,327)
Balance (in Shares) at Sep. 30, 2023 6,738,456       6,738,456
[1] Consists of $6,499,737 of gross proceeds from the July 2022 Offering; gross proceeds of $3,710,000 are related to the common shares and common warrants issued and includes $302,510 in related placement agent fees and other offering costs, and $2,789,737 in gross proceeds are in connection with the pre-funded warrants and includes $227,472 in related placement agent fees and other offering costs. At the end of the period, 1,547,076 July 2022 pre-funded warrants were exercised for proceeds of $155.
[2] Consists of $2,999,882 of gross proceeds from the April 2023 Offering; gross proceeds of $421,527 are related to common shares issued (with related placement agent fees of $39,343), gross proceeds of $1,233,564 are related to pre-funded warrants issued (with related placement agent fees of $115,134) and gross proceeds of $1,344,791 are related to common warrants issued (with related placement agent fees of $125,516). At the end of the current period, all 1,170,680 April 2023 pre-funded warrants were exercised for proceeds of $117.
[3] Consists of $2,999,605 of gross proceeds from the August 2023 Offering; gross proceeds of $272,106 are related to common shares issued (with related placement agent fees of $26,758), gross proceeds of $1,449,470 are related to pre-funded warrants issued (with related placement agent fees of $142,538) and gross proceeds of $1,278,029 are related to common warrants issued (with related placement agent fees of $125,679). At the end of the period, 663,460 August 2023 pre-funded warrants were exercised for proceeds of $66.