Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited)

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STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Total
Beginning balance, value at Dec. 31, 2020 $ 466,801 $ 35,880,986 $ 3,652,754 $ (3,843,562) $ 36,156,979
Balance beginning (in shares) at Dec. 31, 2020 46,680,119        
Issuance of stock-based compensation $ 101 56,149 56,250
Issuance of stock-based compensation (in shares) 10,124        
Compensation expense related to stock options 677,934 677,934
Issuance upon options exercised $ 11,106 1,218,894 1,230,000
Issuance upon options exercised (in shares) 1,110,580        
Net loss (1,276,138) (1,276,138)
Litigation settlement share issuance $ 952 937,142 938,094
Litigation settlement share issuance (in shares) 95,238        
Ending balance, value at Mar. 31, 2021 $ 478,960 38,771,105 2,376,616 (3,843,562) 37,783,119
Balance ending (in shares) at Mar. 31, 2021 47,896,061        
Beginning balance, value at Dec. 31, 2021 $ 480,441 40,774,245 (910,069) (3,843,562) 36,501,055
Balance beginning (in shares) at Dec. 31, 2021 48,044,162        
Issuance of stock-based compensation $ 475 142,025 142,500
Issuance of stock-based compensation (in shares) 47,500        
Compensation expense related to stock options 524,670 524,670
Compensation related to Restricted Stock 170,386 170,386
Issuance upon options exercised $ 296 (296)
Issuance upon options exercised (in shares) 29,627        
Net loss (2,537,514) (2,537,514)
Ending balance, value at Mar. 31, 2022 $ 481,212 $ 41,611,030 $ (3,447,583) $ (3,843,562) $ 34,801,097
Balance ending (in shares) at Mar. 31, 2022 48,121,289