Quarterly report pursuant to Section 13 or 15(d)

CONDENSED INTERIM STATEMENTS OF CHANGES IN MEMBERS' AND SHAREHOLDERS' EQUITY

v3.21.2
CONDENSED INTERIM STATEMENTS OF CHANGES IN MEMBERS' AND SHAREHOLDERS' EQUITY - USD ($)
Members' Equity, Class A
Members' Equity, Class B
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at beginning at Dec. 31, 2019 $ 9,920,428 $ 100,000 $ 0 $ 0 $ (9,200,574) $ 819,854
Balance at beginning, Member Units (in shares) at Dec. 31, 2019 11,058,666 100,000        
Balance at beginning, Common shares (in shares) at Dec. 31, 2019     0      
Private Placement Offerings, net of issuance costs of $51,409 (in value) $ 454,980 $ 0 $ 0 0 0 454,980
Private Placement Offerings, net of issuance costs of $51,409 (in shares) 182,002 0        
Executive Compensation Settled with Membership Interests (in value) $ 781,700 $ 0 $ 0 0 0 781,700
Executive Compensation Settled with Membership Interests (in shares) 312,680 0 0      
Share-Based Compensation, (in value) $ 166,667 $ 0 $ 0 0 0 166,667
Share-Based Compensation, (in shares) 136,111 0 0      
Share-Based Payments to Vendors (in value) $ 181,100 $ 0 $ 0 0 0 181,100
Share-Based Payments to Vendors (in shares) 57,440 0 0      
Net Loss $ 0 $ 0 $ 0 0 (1,279,101) (1,279,101)
Balance at ending at Mar. 31, 2020 $ 11,504,875 $ 100,000 $ 0 0 (10,479,675) 1,125,200
Balance at ending, Member Units (in shares) at Mar. 31, 2020 11,746,899 100,000        
Balance at ending, Common shares (in shares) at Mar. 31, 2020     0      
Balance at beginning at Dec. 31, 2019 $ 9,920,428 $ 100,000 $ 0 0 (9,200,574) 819,854
Balance at beginning, Member Units (in shares) at Dec. 31, 2019 11,058,666 100,000        
Balance at beginning, Common shares (in shares) at Dec. 31, 2019     0      
Net Loss           (2,192,461)
Balance at ending at Jun. 30, 2020 $ 11,832,637 $ 100,000   0 (11,393,035) 539,602
Balance at ending, Member Units (in shares) at Jun. 30, 2020 11,932,448 100,000        
Balance at ending, Common shares (in shares) at Jun. 30, 2020     0      
Balance at beginning at Mar. 31, 2020 $ 11,504,875 $ 100,000 $ 0 0 (10,479,675) 1,125,200
Balance at beginning, Member Units (in shares) at Mar. 31, 2020 11,746,899 100,000        
Balance at beginning, Common shares (in shares) at Mar. 31, 2020     0      
Share-Based Compensation, (in value) $ 166,666 $ 0 $ 0 0 0 166,666
Share-Based Compensation, (in shares) 136,111 0 0      
Share-Based Payments to Vendors (in value) $ 161,096 $ 0 $ 0 0 0 161,096
Share-Based Payments to Vendors (in shares) 49,438 0 0      
Net Loss $ 0 $ 0 $ 0 0 (913,360) (913,360)
Balance at ending at Jun. 30, 2020 $ 11,832,637 $ 100,000   0 (11,393,035) 539,602
Balance at ending, Member Units (in shares) at Jun. 30, 2020 11,932,448 100,000        
Balance at ending, Common shares (in shares) at Jun. 30, 2020     0      
Balance at beginning at Dec. 31, 2020 $ 16,402,198 $ 100,000 $ 0 0 (13,800,612) 2,701,586
Balance at beginning, Member Units (in shares) at Dec. 31, 2020 13,493,807 100,000        
Balance at beginning, Common shares (in shares) at Dec. 31, 2020     0      
Executive Compensation Settled with Membership Interests (in value) $ 186,650 $ 730,115 $ 0 0 0 916,765
Executive Compensation Settled with Membership Interests (in shares) 57,430 471,042 0      
Share-Based Compensation, (in value) $ 191,667 $ 0 $ 0 0 0 191,667
Share-Based Compensation, (in shares) 143,814 0 0      
Share-Based Payments to Vendors (in value) $ 135,471 $ 0 $ 0 0 0 135,471
Share-Based Payments to Vendors (in shares) 30,145 0 0      
Net Loss $ 0 $ 0 $ 0 0 (1,474,330) (1,474,330)
Cancellation of Class B Issuance   $ 0 $ 0 0 0 0
Cancellation of Class B Issuance (in shares)   (471,042) 0      
Balance at ending at Mar. 31, 2021 $ 16,915,986 $ 830,115 $ 0 0 (15,274,942) 2,471,159
Balance at ending, Member Units (in shares) at Mar. 31, 2021 13,725,196 100,000        
Balance at ending, Common shares (in shares) at Mar. 31, 2021     0      
Balance at beginning at Dec. 31, 2020 $ 16,402,198 $ 100,000 $ 0 0 (13,800,612) 2,701,586
Balance at beginning, Member Units (in shares) at Dec. 31, 2020 13,493,807 100,000        
Balance at beginning, Common shares (in shares) at Dec. 31, 2020     0      
Net Loss           (5,478,389)
Balance at ending at Jun. 30, 2021 $ 0 $ 0 $ 9,916 34,790,591 (19,279,001) $ 15,521,506
Balance at ending, Member Units (in shares) at Jun. 30, 2021 0 0        
Balance at ending, Common shares (in shares) at Jun. 30, 2021     9,916,208     9,916,208
Balance at beginning at Mar. 31, 2021 $ 16,915,986 $ 830,115 $ 0 0 (15,274,942) $ 2,471,159
Balance at beginning, Member Units (in shares) at Mar. 31, 2021 13,725,196 100,000        
Balance at beginning, Common shares (in shares) at Mar. 31, 2021     0      
Share-Based Compensation, (in value) $ 563,889 $ 0 $ 0 1,655,885 0 2,219,774
Share-Based Compensation, (in shares) 257,122 0 0      
Share-Based Payments to Vendors (in value) $ 37,500 $ 0 $ 0 0 0 37,500
Share-Based Payments to Vendors (in shares) 0 0 0      
Net Loss $ 0 $ 0 $ 0 0 (4,004,059) (4,004,059)
Corporate Conversion (in value) $ (17,517,375) $ (830,115) $ 7,041 18,340,449 0 0
Corporate Conversion (in shares) (13,982,318) (100,000)        
Corporate Conversion, common stock (in shares)     7,041,208      
Initial Public Offering, net of issuance costs (in value)     $ 2,875 14,794,257 0 14,797,132
Stock Issued     2,875,000      
Balance at ending at Jun. 30, 2021 $ 0 $ 0 $ 9,916 $ 34,790,591 $ (19,279,001) $ 15,521,506
Balance at ending, Member Units (in shares) at Jun. 30, 2021 0 0        
Balance at ending, Common shares (in shares) at Jun. 30, 2021     9,916,208     9,916,208