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Consolidated Statements of Stockholders' Equity - USD ($)
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2019 39,612,659 (12,253,502)      
Balance at Dec. 31, 2019 $ 39,613 $ (18,929,915) $ 96,105,851 $ (41,351,078) $ 35,864,471
Stock-based compensation expenses $ 0 $ 0 1,651,893 0 $ 1,651,893
Issuance of common stock upon exercise of stock options (in shares) 135,000 0     135,000
Issuance of common stock upon exercise of stock options $ 135 $ 0 255,335 0 $ 255,470
Net loss $ 0 $ 0 0 (9,325,273) (9,325,273)
Balance (in shares) at Dec. 31, 2020 39,747,659 (12,253,502)      
Balance at Dec. 31, 2020 $ 39,748 $ (18,929,915) 98,013,079 (50,676,351) 28,446,561
Stock-based compensation expenses $ 0 $ 0 1,784,102 0 $ 1,784,102
Issuance of common stock upon exercise of stock options (in shares) 735,000 0     735,000 [1]
Issuance of common stock upon exercise of stock options $ 735 $ 0 1,229,315 0 $ 1,230,050
Net loss $ 0 $ 0 0 (13,070,251) (13,070,251)
Balance (in shares) at Dec. 31, 2021 40,482,659 (12,253,502)      
Balance at Dec. 31, 2021 $ 40,483 $ (18,929,915) $ 101,026,496 $ (63,746,602) $ 18,390,462
[1] Represents the following stock options exercised: • 500,000 stock options exercised at $1.67, 150,000 stock options exercised at $1.63, 60,000 stock options exercised at $1.93, and 25,000 stock options exercised at $1.39.