Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Preferred Stock Series A [Member]
Preferred Stock Series B [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Dec. 31, 2020 $ 8 $ 232,550 $ (1,374,413) $ (1,141,855)
Shares, Outstanding, Beginning Balance at Dec. 31, 2020 1,937,500      
Proceeds from WeFunder offering, net of issuance costs of $53,500 2,205,440 2,205,440
Issuance of series A preferred stock, net of issuance costs of $205,470 $ 4 2,464,504 2,464,508
Issuance of series A preferred stock, net of issuance costs, shares 79,750 415,287        
Conversion of WeFunder offering to series A preferred stock $ 4 (4)
Conversion of WeFunder Offering to Series A Preferred Stock, shares   351,832        
Conversion of SAFE Liability to series A preferred stock $ 4 1,999,996 2,000,000
Conversion of SAFE Liability to Series A preferred stock, shares   424,269        
Issuance of series B preferred stock, net of issuance costs of $890,026 $ 11 9,615,320 9,615,331
Issuance of series B preferred stock, net of issuance costs, shares 123,296   1,105,827      
Issuance of common stock with promissory notes, net of issuance costs of $65,000 $ 3 734,997 735,000
Issuance of common stock with promissory notes, net of issuance costs, shares 266,664          
Issuance of common stock for initial public offering, net of issuance costs of $2,949,882 $ 33 15,917,269 15,917,302
Issuance of common stock for initial public offering, net of issuance costs, shares 3,251,875          
Conversion of preferred stock for initial public offering $ 23 $ (12) $ (11)
Conversion of preferred stock for initial public offering, shares 5,743,175 (1,191,388) (1,105,827)      
Issuance of common stock for exercise of warrants $ 57 6,193 6,250
Issuance of common stock for exercise of warrants, shares 5,743,795          
Stock-based compensation $ 2 14,627,380 14,627,382
Stock-based compensation, shares 163,132          
Net loss (40,125,109) (40,125,109)
Ending balance, value at Dec. 31, 2021 $ 128 47,803,643 (41,499,522) 6,304,249
Shares, Outstanding, Ending Balance at Dec. 31, 2021 17,309,187      
Issuance of common stock for public offering, net of issuance costs of $1,910,816 $ 67     18,089,117 18,089,184
Issuance of common stock for public offering, net of issuance costs, shares 6,666,667          
Issuance of common stock for exercise of warrants    
Issuance of common stock for exercise of warrants, shares 83,552          
Issuance of common stock for exercise of stock options and restricted shares $ 2     39,998 40,000
Issuance of common stock for exercise of stock options and restricted shares, shares 315,107          
Stock-based compensation $ 1     3,259,008 3,259,009
Stock-based compensation, shares 54,623          
Forfeiture of performance shares    
Forfeiture of performance shares, shares (2,876)          
Issuance of Note Warrants and underwriter warrants, net of issuance costs of $1,003,513     7,177,976 7,177,976
Net loss (34,235,405) (34,235,405)
Ending balance, value at Dec. 31, 2022 $ 198 $ 76,369,742 $ (75,734,927) $ 635,013
Shares, Outstanding, Ending Balance at Dec. 31, 2022 24,426,260