Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 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

    2023     2022  
    September 30,  
    2023     2022  
Warrants     222,043       191,164  
Stock Options     90,727       89,247  
Preferred Stock     3,069       7,446  
Total Underlying Common Shares     315,839       287,857  
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:

 

    2023     2022     2023     2022  
    Three Months Ended
September 30
    Nine Months Ended
September 30
 
    2023     2022     2023     2022  
                         
Net Loss Per Common Share – Basic and Diluted   $ (1.57 )   $ (4.39 )   $ (7.28 )   $ (12.93 )
                                 
Loss Applicable to Common Stockholders (numerator)   $ (882,348 )   $ (2,306,528 )   $ (3,964,577 )   $ (6,789,533 )
                                 
Weighted Average Number of Common. Shares Outstanding Used in Loss Per Share During the Period (denominator)     560,310       524,940       544,587       524,940  
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)   $ 8,503  
2024     8,503  
2025     -  
2026    

-

 
Thereafter     -  
Total   $ 17,006  
Schedule of Assets underlying Operating Leases

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

 

   

September 30,

2023

 
PrintRite3D Hardware   $ 77,208  
Accumulated Depreciation     (15,203 )
Net Book Value   $ 62,005