Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

                 
    June 30,  
    2023     2022  
Warrants     2,902,089       3,825,781  
Stock Options     1,897,659       1,528,637  
Preferred Stock     60,332       148,918  
Total Underlying Common Shares     4,860,080       5,503,336  
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 potentially dilutive shares for the periods shown:

 

                         
    Three Months Ended
June 30		     Six Months Ended
June 30		  
    2023     2022     2023     2022  
                         
Net Loss per Common Share - Basic and Diluted   $ (0.12 )   $ (0.22 )   $ (0.29 )   $ (0.43 )
Loss Applicable to Common Stockholders (numerator)   $ (1,318,782 )   $ (2,261,390 )   $ (3,082,229 )   $ (4,483,005 )
                                 
Weighted Average Number of Common Shares Outstanding Used in Loss Per Share During the Period (denominator)     10,772,713       10,498,802       10,731,922       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)   $ 17,006  
2024     8,503  
2025     -  
2026     -  
Thereafter     -  
Total   $ 25,509  
Schedule of Assets underlying Operating Leases

Equipment under operating leases as of June 30, 2023 was comprised of the following:

 

    June 30, 2023  
PrintRite3D Hardware   $ 77,208  
Accumulated Depreciation     (12,445 )
Net Book Value   $ 64,763