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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Total
Common Stock
Paid in Capital
Retained Earnings (Accumulated Deficit)
Beginning Balance at Dec. 31, 2021 $ 47,118,097 $ 107,086 $ 46,851,360 $ 159,651
Beginning Balance, shares at Dec. 31, 2021   10,708,613    
Restricted stock grants issued   $ 299 (299)  
Restricted stock grants issued, Shares   29,944    
Restricted stock grants forfeitures   $ (33) 33  
Restricted stock grants forfeiture, Shares   (3,313)    
Issuance of common stock, net of expenses 2,008,436 $ 3,739 2,004,697  
Issuance of common stock, net of expenses, Shares   373,833    
Stock-based compensation 173,921   173,921  
Net income 2,057,723     2,057,723
Dividends (3,019,063)     (3,019,063)
Ending Balance at Dec. 31, 2022 $ 48,339,114 $ 111,091 49,029,712 (801,689)
Ending Balance, shares at Dec. 31, 2022 11,109,077 11,109,077    
Restricted stock grants issued   $ 494 (494)  
Restricted stock grants issued, Shares   49,455    
Restricted stock grants forfeitures   $ (50) 50  
Restricted stock grants forfeiture, Shares   (5,019)    
Stock-based compensation $ 199,752   199,752  
Net income 2,938,769     2,938,769
Dividends (3,231,608)     (3,231,608)
Ending Balance at Dec. 31, 2023 $ 48,246,027 $ 111,535 $ 49,229,020 $ (1,094,528)
Ending Balance, shares at Dec. 31, 2023 11,153,513 11,153,513