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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