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Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Total
Preferred Stock
Common Stock
Capital in Excess of Par
Accumulated other comprehensive loss
Retained Earnings (Accumulated Deficit)
Treasury Stock
Balance, shares at Dec. 31, 2022     12,171,512       1,471,406
Balance, amount at Dec. 31, 2022 $ 36,169,432 $ 0 $ 121,715 $ 74,519,590 $ (15,958,428) $ (16,945,964) $ (5,567,481)
Stock-based compensation 429,055 0 $ 0 429,055 0 0 0
Vesting of restricted stock awards, shares     56,977        
Vesting of restricted stock awards, amount 0 0 $ 569 (569) 0 0 0
Shares deducted from restricted stock awards for payment of withholding taxes, shares     (927)        
Shares deducted from restricted stock awards for payment of withholding taxes, amount (1,400) 0 $ (9) (1,391) 0 0 0
Net loss (5,576,727) 0 0 0 0 (5,576,727) 0
Change in unrealized gains on available for sale securities, net of tax 1,064,856 0 $ 0 0 1,064,856 0 $ 0
Balance, shares at Jun. 30, 2023     12,227,562       1,471,406
Balance, amount at Jun. 30, 2023 32,085,216 0 $ 122,275 74,946,685 (14,893,572) (22,522,691) $ (5,567,481)
Balance, shares at Mar. 31, 2023     12,231,965       1,471,406
Balance, amount at Mar. 31, 2023 33,282,004 0 $ 122,320 74,734,915 (14,007,076) (22,000,674) $ (5,567,481)
Stock-based compensation 212,288 0 $ 0 212,288 0 0 0
Vesting of restricted stock awards, shares     (3,974)        
Vesting of restricted stock awards, amount 0 0 $ (41) 41 0 0 0
Shares deducted from restricted stock awards for payment of withholding taxes, shares     (429)        
Shares deducted from restricted stock awards for payment of withholding taxes, amount (563) 0 $ (4) (559) 0 0 0
Net loss (522,017) 0 0 0 0 (522,017) 0
Change in unrealized losses on available for-sale securities, net of tax (886,496) 0 $ 0 0 (886,496) 0 $ 0
Balance, shares at Jun. 30, 2023     12,227,562       1,471,406
Balance, amount at Jun. 30, 2023 32,085,216 0 $ 122,275 74,946,685 (14,893,572) (22,522,691) $ (5,567,481)
Balance, shares at Dec. 31, 2023     12,248,313       1,471,406
Balance, amount at Dec. 31, 2023 34,504,139 0 $ 122,483 75,338,010 (12,274,563) (23,114,310) $ (5,567,481)
Stock-based compensation 547,205 0 $ 0 547,205 0 0 0
Vesting of restricted stock awards, shares     234,653        
Vesting of restricted stock awards, amount 0 0 $ 2,346 (2,346) 0 0 0
Shares deducted from restricted stock awards for payment of withholding taxes, shares     (2,946)        
Shares deducted from restricted stock awards for payment of withholding taxes, amount (8,380) 0 $ (29) (8,351) 0 0 0
Net loss 5,941,616 0 0 0 0 5,941,616 0
Change in unrealized losses on available for-sale securities, net of tax (349,996) 0 $ 0 0 (349,996) 0 $ 0
Issuance of common stock, net of offering costs of $103,385, shares     56,109        
Issuance of common stock, net of offering costs of $103,385, amount 168,190   $ 561 167,629      
Balance, shares at Jun. 30, 2024     12,536,129       1,471,406
Balance, amount at Jun. 30, 2024 40,802,774 0 $ 125,361 76,042,147 (12,624,559) (17,172,694) $ (5,567,481)
Balance, shares at Mar. 31, 2024     12,479,422       1,471,406
Balance, amount at Mar. 31, 2024 35,749,807 0 $ 124,794 75,595,096 (12,714,971) (21,687,631) $ (5,567,481)
Stock-based compensation 281,416 0 $ 0 281,416 0 0 0
Vesting of restricted stock awards, shares     1,026        
Vesting of restricted stock awards, amount 0 0 $ 10 (10) 0 0 0
Shares deducted from restricted stock awards for payment of withholding taxes, shares     (428)        
Shares deducted from restricted stock awards for payment of withholding taxes, amount (1,988) 0 $ (4) (1,984) 0 0 0
Net loss 4,514,937 0 0 0 0 4,514,937 0
Change in unrealized gains on available for sale securities, net of tax 90,412 0 $ 0 0 90,412 0 $ 0
Issuance of common stock, net of offering costs of $103,385, shares     56,109        
Issuance of common stock, net of offering costs of $103,385, amount 168,190   $ 561 167,629      
Balance, shares at Jun. 30, 2024     12,536,129       1,471,406
Balance, amount at Jun. 30, 2024 $ 40,802,774 $ 0 $ 125,361 $ 76,042,147 $ (12,624,559) $ (17,172,694) $ (5,567,481)