Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)

v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
Total
Convertible Preferred Stock - Series [Member]
Additional Paid-in Capital [Member]
Common Stock [Member]
Accumulated Deficit [Member]
Balance, shares at Jan. 01, 2018 643,790 25,349,236
Balance, amount at Jan. 01, 2018 $ (4,557,374) $ 644 $ 9,969,520 $ 25,349 $ (14,552,887)
Issuance of Series A Convertible Preferred Stock for cash, shares   6,667      
Series A Convertible Preferred Stock dividends: Accrual of earned dividends (107,496) (107,496)    
Net loss (712,184) $ (712,184)
Issuance of Series A Convertible Preferred Stock for cash, amount $ 50,000 $ 6 $ 49,994    
Balance, shares at Mar. 31, 2018 650,457 25,349,236
Balance, amount at Mar. 31, 2018 $ (5,327,054) $ 650 $ 9,912,018 $ 25,349 $ (15,265,071)
Series A Convertible Preferred Stock dividends: Accrual of earned dividends (109,464) (109,464)    
Net loss $ (440,729) $ (440,729)
Balance, shares at Jun. 30, 2018 650,457 25,349,236
Balance, amount at Jun. 30, 2018 $ (5,877,247) $ 650 $ 9,802,554 $ 25,349 $ (15,705,800)
Series A Convertible Preferred Stock dividends: Accrual of earned dividends (110,666) (110,666)    
Net loss (404,825) $ (404,825)
Payment of dividends in-kind, shares     431,313  
Payment of dividends in-kind, amount $ 323,484 $ 323,052 $ 432  
Balance, shares at Sep. 30, 2018 650,457 25,780,549
Balance, amount at Sep. 30, 2018 $ (6,069,254) $ 650 $ 10,014,940 $ 25,781 $ (16,110,625)
Balance, shares at Jan. 01, 2019 860,291 26,077,611
Balance, amount at Jan. 01, 2019 $ (4,920,171) $ 860 $ 11,723,224 $ 26,078 $ (16,670,333)
Issuance of Series A Convertible Preferred Stock for cash, shares   43,331      
Issuance of Series A Convertible Preferred Stock in exchange for notes payable, shares   145,367      
Series A Convertible Preferred Stock dividends: Accrual of earned dividends (148,035) (148,035)    
Net loss (1,458,509) $ (1,458,509)
Issuance of Series A Convertible Preferred Stock for cash, amount 325,000 43 324,957    
Issuance of Series A Convertible Preferred Stock in exchange for notes payable, amount $ 1,090,254 $ 145 $ 1,090,109    
Balance, shares at Mar. 31, 2019 1,048,989 26,077,611
Balance, amount at Mar. 31, 2019 $ (5,111,461) $ 1,048 $ 12,990,255 $ 26,078 $ (18,128,842)
Issuance of Series A Convertible Preferred Stock for cash, shares   106,437      
Series A Convertible Preferred Stock dividends: Accrual of earned dividends (188,973) (188,973)    
Net loss (952,985) $ (952,985)
Payment of dividends in-kind, shares     401,860  
Issuance of Series A Convertible Preferred Stock for cash, amount 798,162 $ 107 798,162    
Payment of dividends in-kind, amount $ 301,379 $ 300,978 $ 401  
Balance, shares at Jun. 30, 2019 1,155,426 26,479,471
Balance, amount at Jun. 30, 2019 $ (5,153,771) $ 1,155 $ 13,900,422 $ 26,479 $ (19,081,827)
Issuance of Series A Convertible Preferred Stock for cash, shares   13,333    
Series A Convertible Preferred Stock dividends: Accrual of earned dividends (197,911) $ (197,911)    
Net loss (1,487,966) $ (1,487,966)
Issuance of Series A Convertible Preferred Stock for cash, amount 100,000 14 99,986    
Stock-based compensation: Options $ 825,100 $ 825,100    
Balance, shares at Sep. 30, 2019 1,168,759 26,479,471
Balance, amount at Sep. 30, 2019 $ (5,914,548) $ 1,169 $ 14,627,597 $ 26,479 $ (20,569,793)