Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Equity (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Total
Balances at December 31, 2021 (in shares) at Dec. 31, 2020 18,746,157        
Balances at December 31, 2021 at Dec. 31, 2020   $ 94,925,000 $ (2,000) $ (68,909,000) $ 26,014,000
Share-based compensation expense   511,000     511,000
Unrealized loss on marketable securities     (2,000)   (2,000)
Net loss       (3,622,000) (3,622,000)
Exercise of common stock options (in shares) 40,000        
Exercise of common stock options   244,000     244,000
Balances at March 31, 2022 (in shares) at Mar. 31, 2021 18,786,157        
Balances at March 31, 2022 at Mar. 31, 2021   95,680,000 (4,000) (72,531,000) 23,145,000
Balances at December 31, 2021 (in shares) at Dec. 31, 2020 18,746,157        
Balances at December 31, 2021 at Dec. 31, 2020   94,925,000 (2,000) (68,909,000) 26,014,000
Unrealized loss on marketable securities         (3,000)
Net loss         $ (10,346,000)
Exercise of common stock options (in shares)         40,000
Exercise of common stock options         $ 244,000
Balances at March 31, 2022 (in shares) at Sep. 30, 2021 26,439,217        
Balances at March 31, 2022 at Sep. 30, 2021   126,296,000 (5,000) (79,255,000) 47,036,000
Balances at December 31, 2021 (in shares) at Mar. 31, 2021 18,786,157        
Balances at December 31, 2021 at Mar. 31, 2021   95,680,000 (4,000) (72,531,000) 23,145,000
Share-based compensation expense   446,000     446,000
Unrealized loss on marketable securities     1,000   1,000
Net loss       (3,274,000) (3,274,000)
Balances at March 31, 2022 (in shares) at Jun. 30, 2021 18,786,157        
Balances at March 31, 2022 at Jun. 30, 2021   96,126,000 (3,000) (75,805,000) 20,318,000
Share-based compensation expense $ 0 303,000 0 0 303,000
Unrealized loss on marketable securities     (2,000)   (2,000)
Net loss       (3,450,000) (3,450,000)
Issuance of common shares net of offering costs of $0.1 million (in shares) 7,653,060        
Issuance of common shares net of offering costs of $0.1 million   29,867,000     29,867,000
Balances at March 31, 2022 (in shares) at Sep. 30, 2021 26,439,217        
Balances at March 31, 2022 at Sep. 30, 2021   126,296,000 (5,000) (79,255,000) 47,036,000
Balances at December 31, 2021 (in shares) at Dec. 31, 2021 26,443,067        
Balances at December 31, 2021 at Dec. 31, 2021   126,576,000 (51,000) (82,501,000) 44,024,000
Share-based compensation expense   308,000     308,000
Unrealized loss on marketable securities     (56,000)   (56,000)
Net loss       (3,508,000) (3,508,000)
Balances at March 31, 2022 (in shares) at Mar. 31, 2022 26,443,067        
Balances at March 31, 2022 at Mar. 31, 2022   126,884,000 (107,000) (86,009,000) 40,768,000
Balances at December 31, 2021 (in shares) at Dec. 31, 2021 26,443,067        
Balances at December 31, 2021 at Dec. 31, 2021   126,576,000 (51,000) (82,501,000) 44,024,000
Unrealized loss on marketable securities         (111,000)
Net loss         (9,925,000)
Balances at March 31, 2022 (in shares) at Sep. 30, 2022 26,443,067        
Balances at March 31, 2022 at Sep. 30, 2022   127,667,000 (162,000) (92,426,000) 35,079,000
Balances at December 31, 2021 (in shares) at Mar. 31, 2022 26,443,067        
Balances at December 31, 2021 at Mar. 31, 2022   126,884,000 (107,000) (86,009,000) 40,768,000
Share-based compensation expense   365,000     365,000
Unrealized loss on marketable securities     (60,000)   (60,000)
Net loss       (3,358,000) (3,358,000)
Balances at March 31, 2022 (in shares) at Jun. 30, 2022 26,443,067        
Balances at March 31, 2022 at Jun. 30, 2022   127,249,000 (167,000) (89,367,000) 37,715,000
Share-based compensation expense $ 0 418,000 0 0 418,000
Unrealized loss on marketable securities $ 0 0 5,000 0 5,000
Net loss       (3,059,000) (3,059,000)
Balances at March 31, 2022 (in shares) at Sep. 30, 2022 26,443,067        
Balances at March 31, 2022 at Sep. 30, 2022   $ 127,667,000 $ (162,000) $ (92,426,000) $ 35,079,000