Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)

v3.20.2
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated deficit
Total
Beginning balance at Dec. 31, 2018     $ 2,287,312 $ (2,055,270) $ 232,042
Beginning balance (in shares) at Dec. 31, 2018 9,440,061        
Changes in Stockholders' deficit          
Issuance of common stock     576,000   576,000
Issuance of common stock (in shares) 122,255        
Share-based compensation     910,092   910,092
Share-based compensation (in shares) 193,081        
Net income (loss)       (1,469,244) (1,469,244)
Ending balance at Mar. 31, 2019     3,773,404 (3,524,514) 248,890
Ending balance (in shares) at Mar. 31, 2019 9,755,397        
Beginning balance at Dec. 31, 2018     2,287,312 (2,055,270) 232,042
Beginning balance (in shares) at Dec. 31, 2018 9,440,061        
Changes in Stockholders' deficit          
Net income (loss)         (2,746,881)
Ending balance at Sep. 30, 2019     4,442,411 (4,802,151) (359,740)
Ending balance (in shares) at Sep. 30, 2019 9,912,526        
Beginning balance at Dec. 31, 2018     2,287,312 (2,055,270) 232,042
Beginning balance (in shares) at Dec. 31, 2018 9,440,061        
Changes in Stockholders' deficit          
Net income (loss)         4,100,000
Ending balance at Dec. 31, 2019     4,988,382 (6,147,567) (1,159,185)
Ending balance (in shares) at Dec. 31, 2019 10,211,658        
Beginning balance at Mar. 31, 2019     3,773,404 (3,524,514) 248,890
Beginning balance (in shares) at Mar. 31, 2019 9,755,397        
Changes in Stockholders' deficit          
Share-based compensation     645,032   645,032
Share-based compensation (in shares) 133,065        
Net income (loss)       (1,038,758) (1,038,758)
Ending balance at Jun. 30, 2019     4,418,436 (4,563,272) (144,836)
Ending balance (in shares) at Jun. 30, 2019 9,888,462        
Changes in Stockholders' deficit          
Share-based compensation     23,975   23,975
Share-based compensation (in shares) 24,064        
Net income (loss)       (238,879) (238,879)
Ending balance at Sep. 30, 2019     4,442,411 (4,802,151) (359,740)
Ending balance (in shares) at Sep. 30, 2019 9,912,526        
Beginning balance at Dec. 31, 2019     4,988,382 (6,147,567) (1,159,185)
Beginning balance (in shares) at Dec. 31, 2019 10,211,658        
Changes in Stockholders' deficit          
Issuance of common stock     83,014   83,014
Issuance of common stock (in shares) 15,726        
Share-based compensation     124,721   124,721
Share-based compensation (in shares) (4,216)        
Net income (loss)       (42,771) (42,771)
Ending balance at Mar. 31, 2020     5,196,117 (6,190,338) (994,221)
Ending balance (in shares) at Mar. 31, 2020 10,223,168        
Beginning balance at Dec. 31, 2019     4,988,382 (6,147,567) $ (1,159,185)
Beginning balance (in shares) at Dec. 31, 2019 10,211,658        
Changes in Stockholders' deficit          
Issuance of common stock $ 83,014        
Issuance of common stock (in shares) 15,726       3,430,000
Purchase of treasury stock $ (30,000)        
Purchase of treasury stock (in shares) (5,683)        
Net income (loss)         $ (65,720)
Ending balance at Sep. 30, 2020     36,510,545 (6,213,287) 30,267,258
Ending balance (in shares) at Sep. 30, 2020 13,638,049 5,683      
Beginning balance at Mar. 31, 2020     5,196,117 (6,190,338) (994,221)
Beginning balance (in shares) at Mar. 31, 2020 10,223,168        
Changes in Stockholders' deficit          
Purchase of treasury stock   $ (30,000)     (30,000)
Purchase of treasury stock (in shares) (5,683) 5,683      
Share-based compensation     100,493   100,493
Share-based compensation (in shares) (6,914)        
Net income (loss)       160,798 160,798
Ending balance at Jun. 30, 2020     5,296,610 (6,029,540) (762,930)
Ending balance (in shares) at Jun. 30, 2020 10,210,571 5,683      
Changes in Stockholders' deficit          
Issuance of common stock     34,300,000   34,300,000
Issuance of common stock (in shares) 3,430,000        
Purchase of treasury stock   $ (30,000)      
Offering costs in connection with public offering     (3,183,284)   (3,183,284)
Share-based compensation     97,219   97,219
Share-based compensation (in shares) (2,522)        
Net income (loss)       (183,747) (183,747)
Ending balance at Sep. 30, 2020     $ 36,510,545 $ (6,213,287) $ 30,267,258
Ending balance (in shares) at Sep. 30, 2020 13,638,049 5,683