Quarterly report pursuant to Section 13 or 15(d)

Statement of Stockholders' Equity

v3.20.2
Statement of Stockholders' Equity - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-In Capital [Member]
Treasury Stock [Member]
Accumulated Deficit [Member]
Total
Beginning balance at Dec. 31, 2018 $ 1,404 $ 1,518 $ 68,022,484 $ (13,210) $ (63,414,252) $ 4,597,944
Beginning balance (in shares) at Dec. 31, 2018 1,404,479 1,518,430   1,321    
Conversion of preferred stock to common stock $ 71 $ (708) 637      
Conversion of preferred stock to common stock (in shares) 70,843 (708,430)        
Stock-based compensation     (25,814)     (25,814)
Net loss for the period         (1,040,899) (1,040,899)
Ending balance at Mar. 31, 2019 $ 1,475 $ 810 67,997,307 $ (13,210) (64,455,151) 3,531,231
Ending balance (in shares) at Mar. 31, 2019 1,475,322 810,000   1,321    
Beginning balance at Dec. 31, 2018 $ 1,404 $ 1,518 68,022,484 $ (13,210) (63,414,252) 4,597,944
Beginning balance (in shares) at Dec. 31, 2018 1,404,479 1,518,430   1,321    
Net loss for the period           (3,105,292)
Ending balance at Sep. 30, 2019 $ 1,475 $ 810 68,115,842 $ (13,210) (66,519,544) 1,585,373
Ending balance (in shares) at Sep. 30, 2019 1,475,322 810,000   1,321    
Beginning balance at Mar. 31, 2019 $ 1,475 $ 810 67,997,307 $ (13,210) (64,455,151) 3,531,231
Beginning balance (in shares) at Mar. 31, 2019 1,475,322 810,000   1,321    
Stock-based compensation     101,843     101,843
Net loss for the period         (1,251,682) (1,251,682)
Ending balance at Jun. 30, 2019 $ 1,475 $ 810 68,099,150 $ (13,210) (65,706,833) 2,381,392
Ending balance (in shares) at Jun. 30, 2019 1,475,322 810,000   1,321    
Stock-based compensation     16,692     16,692
Net loss for the period         (812,711) (812,711)
Ending balance at Sep. 30, 2019 $ 1,475 $ 810 68,115,842 $ (13,210) (66,519,544) 1,585,373
Ending balance (in shares) at Sep. 30, 2019 1,475,322 810,000   1,321    
Beginning balance at Dec. 31, 2019 $ 2,101   71,242,256 $ (13,210) (67,341,914) 3,889,233
Beginning balance (in shares) at Dec. 31, 2019 2,101,272     1,321    
Stock-based compensation     116,497     116,497
Net loss for the period         (930,501) (930,501)
Ending balance at Mar. 31, 2020 $ 2,101   71,358,753 $ (13,210) (68,272,415) 3,075,229
Ending balance (in shares) at Mar. 31, 2020 2,101,272     1,321    
Beginning balance at Dec. 31, 2019 $ 2,101   71,242,256 $ (13,210) (67,341,914) 3,889,233
Beginning balance (in shares) at Dec. 31, 2019 2,101,272     1,321    
Net loss for the period           (6,658,498)
Ending balance at Sep. 30, 2020 $ 2,977 $ 0 78,419,046 $ (13,210) (74,000,412) 4,408,401
Ending balance (in shares) at Sep. 30, 2020 2,976,709 0   1,321    
Beginning balance at Mar. 31, 2020 $ 2,101   71,358,753 $ (13,210) (68,272,415) 3,075,229
Beginning balance (in shares) at Mar. 31, 2020 2,101,272     1,321    
Stock-based compensation     109,671     109,671
Shares issued for services, value $ 26   49,974     50,000
Shares issued for services (in shares) 26,316          
Exercise of warrants $ 226   175,590     175,816
Exercise of warrants (in shares) 225,718          
Net loss for the period         (833,258) (833,258)
Ending balance at Jun. 30, 2020 $ 2,353   71,693,988 $ (13,210) (69,105,673) 2,577,458
Ending balance (in shares) at Jun. 30, 2020 2,353,306     1,321    
Stock-based compensation     208,614     208,614
Exercise of warrants $ 251   248,365     248,616
Exercise of warrants (in shares) 250,566          
Early warrant exercise transaction $ 373   2,547,213     2,547,586
Early warrant exercise transaction (in shares) 372,837          
Warrant inducement expense     3,720,866     3,720,866
Net loss for the period         (4,894,739) (4,894,739)
Ending balance at Sep. 30, 2020 $ 2,977 $ 0 $ 78,419,046 $ (13,210) $ (74,000,412) $ 4,408,401
Ending balance (in shares) at Sep. 30, 2020 2,976,709 0   1,321