Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CHANGES IN SHAREHOLDERS' AND MEMBERS' EQUITY

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STATEMENTS OF CHANGES IN SHAREHOLDERS' AND MEMBERS' EQUITY - USD ($)
Members' Equity, Class A
Common Stock
Members' Equity, Class B
Common Stock
Common Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at beginning at Dec. 31, 2019 $ 9,920,428 $ 100,000     $ (9,200,574) $ 819,854
Balance at beginning, Member Units (in shares) at Dec. 31, 2019 11,058,666 100,000        
Private Placement Offerings (in value) $ 4,432,124         4,432,124
Private Placement Offerings (in shares) 1,421,629          
Executive Compensation Settled with Membership Interests (in value) $ 781,700         781,700
Executive Compensation Settled with Membership Interests (in shares) 312,680          
Share-Based Compensation, (in value) $ 695,833         695,833
Share-Based Compensation, (in shares) 553,419          
Share-Based Payments to Vendors (in value) $ 572,113         572,113
Share-Based Payments to Vendors (in shares) 147,413          
Net Loss         (4,600,038) (4,600,038)
Balance at ending at Dec. 31, 2020 $ 16,402,198 $ 100,000     (13,800,612) 2,701,586
Balance at ending, Member Units (in shares) at Dec. 31, 2020 13,493,807 100,000        
Executive Compensation Settled with Membership Interests (in value) $ 186,650 $ 730,115       916,765
Executive Compensation Settled with Membership Interests (in shares) 57,430 471,042        
Share-Based Compensation, (in value) $ 755,556     $ 4,399,158   5,154,714
Share-Based Compensation, (in shares) 400,936          
Share-Based Payments to Vendors (in value) $ 172,971   $ 300 1,414,470   1,587,741
Share-Based Payments to Vendors (in shares) 30,145   299,584      
Net Loss         (12,747,697) (12,747,697)
Cancellation of Class B Issuance (in shares)   (471,042)        
Corporate Conversion (in value) $ (17,517,375) $ (830,115) $ 7,041 18,340,449    
Corporate Conversion (in shares) (13,982,318) (100,000) 7,041,208      
Initial Public Offering, net of cash issuance costs (in value)     $ 2,875 14,794,257   14,797,132
Initial Public Offering, net of cash issuance costs (in shares)     2,875,000      
Balance at ending at Dec. 31, 2021     $ 10,216 $ 38,948,334 $ (26,548,309) $ 12,410,241
Balance at ending, Common shares (in shares) at Dec. 31, 2021     10,215,792     10,215,792