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STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Preferred Stock
Common Stock
Accrued Common Stock Bonus
Additional Paid in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Treasury Stock
Total
Beginning balance, shares at Dec. 31, 2018 3,784,712 1,648,657         (33,840)  
Beginning 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
Foreign currency translation adjustment         57,867 57,867
Preferred dividends paid           (26,252)   (26,252)
Share-based compensation expense, amount     $ 2,005,500 128,308       2,133,808
Preferred shares issued as compensation, shares 126,727              
Preferred shares issued as compensation, amount $ 127     358,511   (358,638)    
Exchange of preferred to common, shares (4,565,305) 4,566,227            
Exchange of preferred to common, amount $ (4,566) $ 4,566            
Warrant reprice       318,893       $ 318,893
Warrant exercise, shares   274,120           0
Warrant exercise, amount   $ 274   35,362       $ 35,636
Net income (loss)           (2,232,553)   (2,232,553)
Ending balance, shares at Dec. 31, 2020 0 6,489,004         (33,840)  
Ending balance, amount at Dec. 31, 2020 $ 0 $ 6,489   $ 70,083,486 $ 570,761 $ (69,625,790) $ (57,847) $ 2,982,599