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]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance - December 31, 2020 at Dec. 31, 2019 $ 1,116 $ 3,017,940 $ (1,473,292) $ 1,545,764
Beginning balance, Shares at Dec. 31, 2019 11,159,661      
Stock based compensation 623,457 623,457
Exercise of stock options $ 27 404,973 405,000
Exercise of stock options, shares 270,000      
Net loss for the year ended 2021 (2,043,108) (2,043,108)
Balance - December 31, 2021 at Dec. 31, 2020 $ 1,143 4,046,370 (3,516,400) 531,113
Ending balance, shares at Dec. 31, 2020 11,429,661      
Stock based compensation 1,159,611 1,159,611
Exercise of stock options $ 4 68,434 68,438
Exercise of stock options, shares 45,625      
Net loss for the year ended 2021 (3,141,753) (3,141,753)
Sale of shares of common stock $ 125 5,006,375 5,006,500
SaleOfSharesOfCommonStock, Shares 1,251,625      
Costs of stock sale (407,445) (407,445)
Balance - December 31, 2021 at Dec. 31, 2021 $ 1,272 $ 9,873,345 $ (6,658,153) $ 3,216,464
Ending balance, shares at Dec. 31, 2021 12,726,911