Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

 

    September 30,  
    2022     2021  
Warrants     3,825,781       3,987,931  
Stock Options     1,784,942       1,400,407  
Preferred Stock     148,918       124,483  
Total Underlying Common Shares     5,759,641       5,512,821  
Schedule of Computing Loss Per Share

The following table shows the amounts used in computing loss per share and the effect on net loss and the weighted average number of shares of dilutive potential common stock for the periods ended September 30, 2022 and 2021:

 

    2022     2021     2022     2021  
    Three Months Ended September 30     Nine Months Ended September 30  
    2022     2021     2022     2021  
                         
Net Loss per Common Share - Basic and Diluted   $ (0.22 )   $ (0.24 )   $ (0.65 )   $ (0.53 )
Loss Applicable to Common Stockholders (numerator)   $ (2,306,528 )   $  (2,505,198 )   $ (6,789,533 )   $ (5,076,532 )
                                 
Weighted Average Number of Common Shares Outstanding Used in Loss Per Share During the Period (denominator)     10,498,802       10,494,560       10,498,802       9,602,666  
Schedule of Minimum Lease Payments Receivable

Minimum lease payments receivable for each of the succeeding years ending December 31 are as follows:

 

Year ending December 31,   Amount  
2022 (remaining)   $ 8,503  
2023   $ 8,503  
2024     -  
2025 and thereafter     -  
Total   $ 17,006  
Schedule of Assets underlying Operating Leases

Equipment under operating leases as of September 30, 2022 were comprised of the following:

 

    September 30,
2022		  
PrintRite 3D Hardware   $ 38,949  
Accumulated Depreciation     4,173  
Net Book Value   $ 34,776