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STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Treasury Stock
Total
Beginning balance, shares at Dec. 31, 2017 3,724,547 1,648,657       (14,535)  
Beginning balance, amount at Dec. 31, 2017 $ 3,725 $ 1,649 $ 68,574,974 $ 975,877 $ (55,845,766) $ (26,529) $ 13,683,930
Repurchase of common and preferred shares, shares (133,419)         (19,305)  
Repurchase of common and preferred shares, amount $ (133)   (422,709)   250,170 $ (31,318) (203,990)
Foreign currency translation adjustment       (631,695)     (631,695)
Share-based compensation expense, shares 193,584            
Share-based compensation expense, amount $ 193   599,606       599,799
Net income (loss) (11,531,526) (11,531,526)
Ending balance, shares at Dec. 31, 2018 3,784,712 1,648,657       (33,840)  
Ending balance, amount at Dec. 31, 2018 $ 3,785 $ 1,649 68,751,873 344,182 (67,127,122) $ (57,847) 1,916,518
Foreign currency translation adjustment       168,712     168,712
Preferred dividends paid         (163,236)   (163,236)
Share-based compensation expense, amount     407,974       407,974
Preferred shares issued as compensation, shares 653,866            
Preferred shares issued as compensation, amount $ 654   82,567       83,221
Net income (loss) 282,011 282,011
Ending balance, shares at Dec. 31, 2019 4,438,578 1,648,657       (33,840)  
Ending balance, amount at Dec. 31, 2019 $ 4,439 $ 1,649 $ 69,242,412 $ 512,894 $ (67,008,347) $ (57,847) $ 2,695,200