Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIT) EQUITY

v3.24.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIT) EQUITY - USD ($)
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Balance at the beginning at Dec. 31, 2021 $ 29,708,412 $ 507 $ 51,233,615 $ (21,525,710)
Balance at the beginning (in shares) at Dec. 31, 2021 [1]   5,074,932    
Share-based compensation 2,855,448   2,855,448  
Issuance of stock upon vesting of restricted stock units 22 $ 22    
Issuance of stock upon vesting of restricted stock units (in shares) [1]   213,043    
Shares issued to vendors in exchange for services 38,627 $ 1 38,626  
Shares issued to vendors in exchange for services (in shares) [1]   9,375    
Issuance of common stock upon exercise of stock options 206 $ 2 204  
Issuance of common stock upon exercise of stock options (in shares) [1]   22,408    
Net loss (26,468,390)     (26,468,390)
Balance at the end at Dec. 31, 2022 $ 6,134,325 $ 532 54,127,893 (47,994,100)
Balance at the end (in shares) at Dec. 31, 2022 5,319,758 5,319,758 [1]    
Share-based compensation $ 2,098,627   2,098,627  
Issuance of stock upon vesting of restricted stock units 56 $ 56    
Issuance of stock upon vesting of restricted stock units (in shares) [1]   557,631    
Issuance of privately placed shares 295,500 $ 15 295,485  
Issuance of privately placed shares (in share) [1]   150,000    
Issuance of warrants 273,753 $ 0 273,753  
Shares issued to vendors in exchange for services 79,130 $ 2 79,128  
Shares issued to vendors in exchange for services (in shares) [1]   25,000    
Issuance of common stock upon exercise of stock options 418 $ 5 413  
Issuance of common stock upon exercise of stock options (in shares) [1]   49,835    
Issuance of round up shares in connection with reverse split 1 $ 1    
Issuance of round up shares in connection with reverse split (in shares) [1]   8,714    
Issuance of common stock in connection with public offering, net 6,431,612 $ 185 6,431,427  
Issuance of common stock in connection with public offering, net (in shares) [1]   1,850,000    
Net loss (28,751,900)     (28,751,900)
Balance at the end at Dec. 31, 2023 $ (13,438,478) $ 796 $ 63,306,726 $ (76,746,000)
Balance at the end (in shares) at Dec. 31, 2023 7,960,938 7,960,938 [1]    
[1] Reflects 1-for-4 reverse stock split that became effective June 29, 2023. See Note 1 to the consolidated financial statements.