Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

    2023     2022  
    March 31,  
    2023     2022  
Warrants     5,314,175       3,825,781  
Stock Options     2,062,659       1,547,797  
Preferred Stock     58,568       148,918  
Total Underlying Common Shares     7,435,402       5,522,496  
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 March 31, 2023 and 2022:

 

    2023     2022  
    Three Months Ended March 31  
    2023     2022  
             
Net Loss per Common Share - Basic and Diluted   $ (0.17 )   $ (0.21 )
Loss Applicable to Common Stockholders (numerator)   $ (1,763,447 )   $ (2,221,615 )
                 
Weighted Average Number of Common Shares Outstanding Used in Loss Per Share During the Period (denominator)     10,690,677       10,498,802  

 
Schedule of Minimum Lease Payments Receivable

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

 

Year ending December 31,   Amount  
2023 (remaining)   $ 28,343  
2024     8,503  
2025     -  
2026     -  
Thereafter     -  
Total   $ 36,846  
Schedule of Assets underlying Operating Leases

Equipment under operating leases as of March 31, 2023 was comprised of the following:

 

    March 31, 2023  
PrintRite 3D Hardware   $ 77,208  
Accumulated Depreciation     (9,688 )
Net Book Value   $ 67,520