BIO-key International (BKYI) 10-K 5 Jun 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Jun. 04, 2024	Jun. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0001019034
Entity Registrant Name	BIO KEY INTERNATIONAL INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	1-13463
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1741861
Entity Address, Address Line One	101 CRAWFORDS CORNER ROAD, SUITE 4116
Entity Address, City or Town	HOLMDEL
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07753
City Area Code	732
Local Phone Number	359-1100
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	BKYI
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 6,303,798
Entity Common Stock, Shares Outstanding		1,814,228
Auditor Name	Bush and Associates CPA
Auditor Firm ID	6797
Auditor Location	Henderson, Nevada

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 511,400	$ 2,635,522
Accounts receivable, net	1,201,526	1,522,784
Due from factor	99,320	49,500
Inventory, net of reserve	445,740	4,434,369
Prepaid expenses and other	364,171	342,706
Total current assets	2,622,157	8,984,881
Equipment and leasehold improvements, net	220,177	107,413
Capitalized contract costs, net	229,806	283,069
Deposits and other assets	0	8,712
Operating lease right-of-use assets	36,905	197,355
Intangible assets, net	1,407,990	1,762,825
Total non-current assets	1,894,878	2,359,374
TOTAL ASSETS	4,517,035	11,344,255
LIABILITIES
Accounts payable	1,316,014	1,108,279
Accrued liabilities	1,305,848	1,009,123
Convertible note payable	0	2,596,203
Government loan – BBVA Bank, current portion	138,730	120,000
Deferred revenue - current	414,968	462,418
Operating lease liabilities, current portion	37,829	159,665
Total current liabilities	3,213,389	5,455,688
Deferred revenue, net of current portion	28,296	52,134
Deferred tax liability	22,998	170,281
Government loan – BBVA Bank, net of current portion	188,787	326,767
Operating lease liabilities, net of current portion	0	37,829
Total non-current liabilities	240,081	587,011
TOTAL LIABILITIES	3,453,470	6,042,699
Commitments (Note O)
STOCKHOLDERS’ EQUITY
Common stock — authorized, 170,000,000 shares; issued and outstanding; 1,032,777 and 552,739 of $.0001 par value at December 31, 2023 and December 31, 2022, respectively	103	55
Additional paid-in capital	126,047,851	122,029,476
Accumulated other comprehensive loss	22,821	(242,602)
Accumulated deficit	(125,007,210)	(116,485,373)
TOTAL STOCKHOLDERS’ EQUITY	1,063,565	5,301,556
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 4,517,035	$ 11,344,255

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Common stock, shares authorized (in shares)	170,000,000	170,000,000
Common stock, shares issued (in shares)	1,032,777	552,739
Common stock, shares outstanding (in shares)	1,032,777	552,739
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Revenues	$ 7,754,905	$ 7,020,258
Costs and other expenses
Costs and other expenses	6,323,586	2,439,570
Gross Profit	1,431,319	4,580,688
Operating expenses
Selling, general and administrative	7,862,710	9,364,887
Research, development and engineering	2,394,926	3,252,236
Reversal of earnout payable – Swivel acquisition	0	(500,000)
Impairment of goodwill	0	2,387,193
Total operating expenses	10,257,636	14,504,316
Operating loss	(8,826,317)	(9,923,628)
Other income (expense)
Interest income	11,533	233
Gain from sale of asset	20,000	0
Loss on foreign currency transactions	(39,000)	0
Investment-debt security reserve	0	(452,821)
Loan transaction costs	0	(1,147,456)
Change in fair value of convertible note	396,203	(396,203)
Interest expense	(218,270)	(10,462)
Total other income (expense)	170,466	(2,006,709)
Loss before provision for income tax benefit	(8,655,851)	(11,930,337)
Provision for income tax benefit	134,014	20,434
Net loss	(8,521,837)	(11,909,903)
Comprehensive loss:
Net loss	(8,521,837)	(11,909,903)
Other comprehensive loss- Foreign translation adjustment	265,423	(242,602)
Comprehensive loss	$ (8,256,414)	$ (12,152,505)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (15.21)	$ (27.26)
Weighted Average Shares Outstanding:
Basic and Diluted (in shares)	560,278	436,821
Service [Member]
Revenues
Revenues	$ 2,218,885	$ 1,789,720
Costs and other expenses
Costs and other expenses	861,936	722,152
License [Member]
Revenues
Revenues	4,342,010	4,584,052
Costs and other expenses
Costs and other expenses	1,174,919	906,417
Hardware [Member]
Revenues
Revenues	1,194,010	646,486
Costs and other expenses
Costs and other expenses	700,231	411,001
Hardware Reserve [Member]
Costs and other expenses
Costs and other expenses	$ 3,586,500	$ 400,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2021	478,475
Balance at Dec. 31, 2021	$ 48	$ 120,190,877	$ 0	$ (104,575,470)	$ 15,615,455
Issuance of common stock for directors’ fees (in shares)	2,202
Issuance of common stock for directors’ fees	$ 0	76,043	0		76,043
Issuance of restricted common stock to employees (in shares)	15,444
Issuance of restricted common stock to employees	$ 1	(1)	0	0	0
Forfeiture of restricted stock (in shares)	(583)
Forfeiture of restricted stock	$ 0	0	0	0	0
Issuance of common stock pursuant to Swivel purchase agreement (in shares)	14,948
Issuance of common stock pursuant to Swivel purchase agreement	$ 2	600,001	0	0	600,003
Issuance of common stock for note issuance fees (in shares)	38,889
Issuance of common stock for note issuance fees	$ 4	699,996	0	0	700,000
Issuance of warrant in conjunction with note payable	$ 0	94,316	0		94,316
Issuance of common stock for employee stock purchase plan (in shares)	3,364
Issuance of common stock for employee stock purchase plan	$ 0	56,380	0	0	56,380
Share based compensation for employee stock purchase plan	0	18,787	0	0	18,787
Other comprehensive loss- Foreign translation adjustment	0		(242,602)	0	(242,602)
Share-based compensation	0	293,077	0	0	293,077
Net loss	$ 0	0	0	(11,909,903)	(11,909,903)
Balance (in shares) at Dec. 31, 2022	552,739
Balance at Dec. 31, 2022	$ 55	122,029,476	(242,602)	(116,485,373)	5,301,556
Net loss					(1,688,322)
Balance at Mar. 31, 2023					3,756,755
Balance (in shares) at Dec. 31, 2022	552,739
Balance at Dec. 31, 2022	$ 55	122,029,476	(242,602)	(116,485,373)	5,301,556
Net loss					(4,311,200)
Balance at Jun. 30, 2023					1,245,091
Balance (in shares) at Dec. 31, 2022	552,739
Balance at Dec. 31, 2022	$ 55	122,029,476	(242,602)	(116,485,373)	5,301,556
Net loss					(6,149,023)
Balance at Sep. 30, 2023					(485,549)
Balance (in shares) at Dec. 31, 2022	552,739
Balance at Dec. 31, 2022	$ 55	122,029,476	(242,602)	(116,485,373)	5,301,556
Issuance of common stock for directors’ fees (in shares)	3,078
Issuance of common stock for directors’ fees	$ 0	39,007	0		39,007
Issuance of restricted common stock to employees (in shares)	16,404
Issuance of restricted common stock to employees	$ 1	(1)	0	0	0
Forfeiture of restricted stock (in shares)	(3,752)
Forfeiture of restricted stock	$ 0	(3,105)	0	0	(3,105)
Issuance of common stock for note issuance fees (in shares)	283,472
Issuance of common stock for note issuance fees	$ 29	892,909	0	0	892,938
Issuance of warrant in conjunction with note payable	$ 0	3,403,322	0	0	3,403,322
Issuance of common stock for employee stock purchase plan (in shares)	2,947
Issuance of common stock for employee stock purchase plan	$ 0	17,478	0	0	17,478
Share based compensation for employee stock purchase plan	0	4,343	0	0	4,343
Other comprehensive loss- Foreign translation adjustment	0	0	265,423	0	265,423
Share-based compensation	0	225,487	0	0	225,487
Net loss	$ 0	0	0	(8,521,837)	(8,521,837)
Exercise of warrants (in shares)	177,889
Exercise of warrants	$ 18	302	0	0	320
Issuance costs	$ 0	(561,367)	0	0	(561,367)
Balance (in shares) at Dec. 31, 2023	1,032,777
Balance at Dec. 31, 2023	$ 103	$ 126,047,851	$ 22,821	$ (125,007,210)	1,063,565
Balance at Mar. 31, 2023					3,756,755
Net loss					(2,479,878)
Balance at Jun. 30, 2023					1,245,091
Net loss					(1,838,013)
Balance at Sep. 30, 2023					$ (485,549)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$ (8,521,837)	$ (11,909,903)
Adjustments to reconcile net loss to cash used for operating activities:
Depreciation	75,136	43,794
Impairment of goodwill	0	2,387,193
Reversal of earnout payable – Swivel acquisition	0	(500,000)
Amortization of intangible assets and write-off	354,558	298,113
Amortization of resalable software license rights	0	48,752
Loan transaction costs	0	1,147,456
Loss on foreign currency	39,000	0
Reserve for investment security	0	452,821
Reserve for inventory	3,586,500	400,000
Reserve for note receivable	0	186,000
Allowance for doubtful account	750,000	360,000
Amortization of debt discount	0	0
Amortization of capitalized contract costs	171,291	106,624
Share based and warrant compensation for employees and consultants	226,725	311,864
Stock based fees to directors	39,007	76,043
Bad debt expense	100,000	130,111
Change in fair value of convertible note	(396,203)	396,203
Deferred income tax benefit	(134,014)	(20,434)
Amortization of operating lease right-of-use assets	160,449	155,353
Accounts receivable	(428,742)	(339,383)
Due from factor	(49,820)	0
Capitalized contract costs	(118,028)	(140,681)
Inventory	402,129	106,291
Prepaid expenses and other	(21,465)	(46,655)
Accounts payable	57,725	239,144
Income tax payable	(121,764)
Accrued liabilities	275,561	167,614
Deferred revenue	(71,288)	(120,078)
Operating lease liabilities	(168,376)	(165,276)
Net cash used for operating activities	(3,793,456)	(6,229,034)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Swivel Secure, net of cash acquired of $729,905	0	(623,578)
Receipt of cash from note receivable	0	9,000
Capital expenditures	(1,000)	(82,040)
Net cash used for investing activities	(1,000)	(696,618)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from public offerings	4,296,260	0
Repayment of convertible notes	(2,200,000)	0
Proceeds from the exercise of warrants	320	0
Costs incurred for issuance of common stock	(561,367)	0
Proceeds from issuance of convertible notes	0	2,002,000
Costs incurred for issuance of convertible note	0	(155,140)
Repayment of government loan	(119,251)	0
Proceeds from Employee Stock Purchase Plan	17,478	56,380
Net cash (used in) provided by financing activities	1,433,440	1,903,240
Effect of exchange rate changes	236,894	(96,112)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(2,124,122)	(5,118,524)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	2,635,522	7,754,046
CASH AND CASH EQUIVALENTS, END OF YEAR	511,400	2,635,522
Cash paid during the year for:
Taxes	0	25,682
Interest	218,270	10,462
Noncash investing and financing activities:
Accounts receivable acquired from Swivel Secure	0	702,886
Equipment acquired from Swivel Secure	0	65,640
Other assets acquired from Swivel Secure	0	20,708
Intangible assets acquired from Swivel Secure	0	762,860
Goodwill resulting from the acquisition from Swivel Secure	0	1,258,087
Accounts payable and accrued expenses acquired from Swivel Secure	0	431,884
Deferred tax liability from the acquisition of Swivel Secure	0	190,715
Common stock issued for acquisition of Swivel Secure	0	600,004
Common stock issued for acquisition of note payable	0	700,000
Issuance of warrant for acquisition of note payable	0	94,316
Operating lease right-of-use asset and liability for new lease	0	105,893
Swivel Secure Europe [Member]
Noncash investing and financing activities:
Government loan acquired from Swivel Secure	$ 0	$ 544,000

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals)	12 Months Ended
	Dec. 31, 2023 USD ($)
Cash acquired from purchase	$ 729,905

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	9B. OTHER INFORMATION None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note A - The Company and Summar

Note A - The Company and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	NOTE A THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business The Company, founded in 1993, Going Concern and Basis of Presentation The Company has historically financed operations through access to the capital markets by issuing convertible debt securities, convertible preferred stock, common stock, and through factoring receivables. As of the date of this report, the Company does not twelve The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which contemplate continuation of the Company as a going concern, and assumes continuity of operations, realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has suffered substantial net losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations all of which raise substantial doubt about the Company’s ability to continue as a going concern. Recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon the Company’s ability to increase its revenue and meet its financing requirements on a continuing basis and become profitable in its future operations. The accompanying consolidated financial statements do not Reverse Stock Split 1 December 21, 2023. 1 18 Foreign Currency The Company accounts for foreign currency transactions pursuant to ASC 830, Foreign Currency Matters 830” 830, The functional currency of Swivel Secure Europe, SA is the Euro. Under ASC 830, Summary of Significant Accounting Policies A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows: 1. Principles of Consolidation The accompanying consolidated financial statements include the accounts of BIO-key International, Inc. and its wholly-owned subsidiaries (collectively, the “Company”). Intercompany accounts and transactions have been eliminated in consolidation. 2. Use of Estimates Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) as set forth in the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the U.S. Securities and Exchange Commission (SEC). These accounting principles require us to make certain estimates, judgments and assumptions. The Company believes that the estimates, judgments and assumptions upon which it relies are reasonable based upon information available to us at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to accounts receivable, inventory, intangible assets and goodwill, fair value of convertible note payable, and income taxes. 3. Revenue Recognition In accordance with ASC 606, five ● Identify the contract with a customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to performance obligations in the contract ● Recognize revenue when or as the Company satisfies a performance obligation All of the Company's performance obligations, and associated revenues, are generally transferred to customers at a point in time, with the exception of support and maintenance, and professional services, which are generally transferred to the customer over time. Software licenses Software license revenue consists of fees for perpetual and subscription licenses for one Hardware Hardware revenue consists of fees for associated equipment sold with or without a software license arrangement, such as servers, locks and fingerprint readers. Customers are not third may Support and Maintenance Support and maintenance revenue consists of fees for unspecified upgrades, telephone assistance and bug fixes. The Company satisfies its support and maintenance performance obligation by providing “stand-ready” assistance as required over the contract period. The Company records deferred revenue (contract liability) at time of prepayment until the term of the contract begins. Revenue is recognized over time on a ratable basis over the contract term. Support and maintenance contracts are one five Professional Services Professional services revenues consist primarily of fees for deployment and optimization services, as well as training. The majority of the Company’s consulting contracts are billed on a time and materials basis, and revenue is recognized based on the amount billable to the customer in accordance with practical expedient ASC 606 10 55 18. Contracts with Multiple Performance Obligations Some contracts with customers contain multiple performance obligations. For these contracts, the Company accounts for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. The standalone selling prices are determined based on overall pricing objectives, taking into consideration market conditions and other factors, including the value of the contracts, the cloud applications sold, customer demographics, geographic locations, and the number and types of users within the contracts. The Company considered several factors in determining that control transfers to the customer upon shipment of hardware and availability of download of software. These factors include that legal title transfers to the customer, the Company has a present right to payment, and the customer has assumed the risks and rewards of ownership. Accounts receivable from customers are typically due within 30 not Costs to Obtain and Fulfill a Contract Costs to obtain and fulfill a contract are predominantly sales commissions earned by the sales force and are considered incremental and recoverable costs of obtaining a contract with a customer. These costs are deferred and then amortized over a period of benefit determined to be four Deferred Revenue Deferred revenue includes customer advances and amounts that have been paid by customers for which the contractual maintenance terms have not 12 60 12 December 31, 2023 2022 4. Business Combinations In accordance with ASC 805, Business Combinations 805 The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair value. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net acquisition date fair value of the assets acquired and the liabilities assumed and represents the expected future economic benefits arising from other assets acquired that are not may may may may one 5. Goodwill and acquired intangible assets Goodwill is not may not December 31st 2022. Intangible assets acquired in a business combination are recorded at their estimated fair values at the date of acquisition. The Company amortizes acquired definite-lived intangible assets over their estimated useful lives based on the pattern of consumption of the economic benefits or, if that pattern cannot be readily determined, on a straight-line basis. 6. Cash Equivalents Cash equivalents consist of liquid investments with original maturities of three December 31, 2023 2022 7. Accounts Receivable Accounts receivable are carried at original amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful receivables by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, and current economic conditions. Accounts receivable are written off when deemed uncollectible. Accounts receivable at December 31, 2023 2022 December 31, 2023 2022 Accounts receivable $ 2,207,311 $ 2,096,569 Allowance for doubtful accounts (1,005,785 ) (573,785 ) Accounts receivable, net of allowances for doubtful accounts $ 1,201,526 $ 1,522,784 Bad debt expenses (if any) are recorded in selling, general, and administrative expense. The allowance for doubtful accounts for the years ended December 31, 2023 2022 Balance at Beginning of Year Charged to Costs and Expenses Deductions from Reserves Balance at End of Year Year ended December 31, 2023 Allowance for Doubtful Accounts $ 573,785 $ 750,000 $ (318,000 ) $ 1,005,785 Year ended December 31, 2022 Allowance for Doubtful Accounts $ 213,785 $ 360,000 $ - $ 573,785 8. Equipment and Leasehold Improvements, Intangible Assets and Depreciation and Amortization Equipment and leasehold improvements are stated at cost. Depreciation is provided for in amounts sufficient to relate the cost of depreciable assets to operations over the estimated service lives, principally using straight-line methods. Leasehold improvements are amortized over the shorter of the life of the improvement or the lease term, using the straight-line method. The estimated useful lives used to compute depreciation and amortization for financial reporting purposes are as follows: Years Equipment and leasehold improvements Equipment 3 - 5 Furniture and fixtures 3 - 5 Software 3 Leasehold improvements life or lease term Intangible assets other than goodwill consist of patents, trade name, proprietary software, and customer relationships. Patent costs are capitalized until patents are awarded. Upon award, such costs are amortized using the straight-line method over their respective economic lives. If a patent is denied, all costs are charged to operations in that year. Trade names, proprietary software, and customer relationships are amortized over the economic useful life. 9. Impairment or Disposal of Long Lived Assets, including Intangible Assets The Company reviews long-lived assets, including intangible assets subject to amortization, whenever events or changes in circumstances indicate that the carrying amount of such an asset may not may no 2023 2022 10. Advertising Expense The Company expenses the costs of advertising as incurred. Advertising expenses for 2023 2022 11. Research and Development Expenditures Research and development expenses include costs directly attributable to the conduct of research and development programs primarily related to the development of our software products and improving the efficiency and capabilities of our existing software. Such costs include salaries, payroll taxes, employee benefit costs, materials, supplies, depreciation on research equipment, services provided by outside contractors, and the allocable portions of facility costs, such as rent, utilities, insurance, repairs and maintenance, depreciation and general support services. All costs associated with research and development are expensed as incurred. 12. Earnings Per Share of Common Stock ( EPS ) The Company’s EPS is calculated by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuances of common stock, such as stock issuable pursuant to the exercise of stock options and warrants, when the effect of their inclusion is dilutive. All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1 December 21, 2023. 13. Accounting for Stock-Based Compensation The Company accounts for share based compensation in accordance with the provisions of ASC 718 10, three not may 718. The following table presents share-based compensation expenses included in the Company’s consolidated statements of operations: Year ended December 31, 2023 2022 Selling, general and administrative $ 209,134 $ 310,017 Research, development and engineering 56,598 77,890 $ 265,732 $ 387,907 14. Income Taxes The provision for, or benefit from, income taxes includes deferred taxes resulting from the temporary differences in income for financial and tax purposes using the liability method. Such temporary differences result primarily from the differences in the carrying value of assets and liabilities. Future realization of deferred income tax assets requires sufficient taxable income within the carryback, carryforward period available under tax law. The Company evaluates, on a quarterly basis whether, based on all available evidence, if it is probable that the deferred income tax assets are realizable. Valuation allowances are established when it is more likely than not not 740 10, may The Company accounts for uncertain tax provisions in accordance with ASC 740. 15 . Leases In accordance with ASC 842, Leases 842 12 At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present and the classification of the lease including whether the contract involves the use of a distinct identified asset, whether the Company obtains the right to substantially all the economic benefit from the use of the asset, and whether the Company has the right to direct the use of the asset. Leases with a term greater than one not one 842 20 25 2. not Lease liabilities and their corresponding ROU assets are recorded based on the present value of lease payments over the expected lease term. The implicit rate within our operating leases are generally not An option to extend the lease is considered in connection with determining the ROU asset and lease liability when it is reasonably certain we will exercise that option. An option to terminate is considered unless it is reasonably certain we will not 16. The Fair Value Measurement Option The Company has elected the fair value measurement option for convertible debt with embedded derivatives that require bifurcation, and record the entire hybrid financing instrument at fair value under the guidance of ASC 825, Financial Instruments one 17. Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three 1 3 Level 1: Level 2: not Level 3: no The Company issued a convertible note which included an original issue discount, conversion features and a detachable warrant, as further discussed in Note M. The detachable warrant represents a freestanding, separable equity-linked financial instrument recorded at fair value. The fair value of the detachable warrant was calculated using a Black-Scholes valuation model. The Company elected the fair value option for the convertible debt which was determined based on significant unobservable inputs including the likelihood of default, the estimated date at which the default could take place, and the present value discount rate, which causes it to be classified as a Level 3 not The Company estimated the fair value of the convertible note using a probability-weighted discounted cash flow model with the following assumptions and significant terms of the convertible note at December 22, 2022: 1. 2. 3. 4. 5. 6. The following table shows the changes in fair value measurements for the convertible note using significant unobservable inputs (Level 3 December 31, 2023 Beginning balance $ 2,596,203 Purchases and issuances (2,200,000 ) Day one change in value of hybrid instrument (396,203 ) Ending balance $ - 18. Recent Accounting Pronouncements In June 2016, 2016 13, 326 2016 13, not 2016 13 2016 13 no not may not 2016 13. 2016 13 January 1, 2023.

Note B - Revenue From Contracts

Note B - Revenue From Contracts With Customers	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE B REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the years ended December 31, 2023 2022 North December 31, America Africa EMESA* Asia 2023 License fees $ 1,971,348 $ 552,630 $ 1,801,381 $ 16,651 $ 4,342,010 Hardware 147,815 0 1,013,295 32,900 1,194,010 Services 1,116,935 101,816 981,848 18,286 2,218,885 Total revenues $ 3,236,098 $ 654,446 $ 3,796,524 $ 67,837 $ 7,754,905 North December 31, America Africa EMESA* Asia 2022 License fees $ 1,856,814 $ 517,161 $ 2,124,088 $ 85,989 $ 4,584,052 Hardware 422,275 25,833 19,914 178,464 646,486 Services 1,270,067 83,306 436,293 54 1,789,720 Total revenues $ 3,549,156 $ 626,300 $ 2,580,295 $ 264,507 $ 7,020,258 * EMESA – Europe, Middle East, South America Revenue recognized during the year ended December 31, 2023 December 31, 2022 December 31, 2023 2022 Transaction Price Allocated to the Remaining Performance Obligations ASC 606 not ● The performance obligation is part of a contract that has an original expected duration of one 606 10 50 14. Deferred revenue represents the Company’s remaining performance obligations related to prepaid support and maintenance, all of which is expected to be recognized from one five

Note C - Swivel Secure Europe,

Note C - Swivel Secure Europe, SA Acquisition	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE C SWIVEL SECURE EUROPE, SA ACQUISITION On March 8, 2022, January 31, 2023, not 20 The business combination has been accounted for as an acquisition and, in accordance with ASC 805. no Purchase consideration: Total cash paid, including working capital adjustment $ 1,273,483 Earnout payable 500,000 Common stock issued 600,004 Total purchase price consideration $ 2,373,487 Fair value of assets acquired and liabilities assumed: Cash and cash equivalents $ 729,905 Accounts receivable 702,886 Equipment acquired 65,640 Other assets 20,708 Intangible assets 762,860 Goodwill 1,258,087 Total estimated assets acquired 3,540,086 Accounts payable and accrued expenses 431,884 Government loan 544,000 Deferred tax liability 190,715 Total liabilities assumed 1,166,599 Total estimated fair value of assets acquired and liabilities assumed $ 2,373,487 The fair value of the assets acquired and liabilities assumed was less than the purchase price, resulting in the recognition of goodwill. The goodwill reflected the value of the synergies the Company expected to realize and the assembled workforce. Refer to Note K for more information regarding the impairment of goodwill. The significant intangible asset identified in the purchase price allocation discussed above was Customer Relationships. To value the Customer Relationships, the Company utilized the Excess Earnings Method, which isolates the value of the specific intangible asset by discounting its income stream to present value. The government loan was issued through BBVA Bank during the COVID- 19 May 2022 April 2026. The following table presents the final fair values and useful lives of the identifiable intangible assets acquired: Estimated useful life Amount (in years) Customer relationships $ 762,860 7 Total identifiable intangible assets $ 762,860 As discussed above, the earnout payable was not

Note D - Fair Values of Financi

Note D - Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE D FAIR VALUES OF FINANCIAL INSTRUMENTS Cash and cash equivalents, accounts receivable, due from factor, accounts payable and accrued liabilities are carried at, or approximate, fair value because of their short-term nature. The carrying value of the Company’s notes and loan payables approximated fair value as the interest rates related to the financial instruments approximated market.

Note E - Concentration of Risk

Note E - Concentration of Risk	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE E CONCENTRATION OF RISK Financial instruments which potentially subject the Company to risk primarily consist of cash, and cash equivalents, investment in debt security, and accounts receivables. The Company maintains its cash and cash equivalents with various financial institutions, which, at times may not December 31, 2023. December 31, 2022. not The Company extends credit to customers on an unsecured basis in the normal course of business. The Company’s policy is to perform an analysis of the recoverability of its receivables at the end of each reporting period and to establish allowances where appropriate. The Company analyzes historical bad debts and contract losses, customer concentrations, and customer credit-worthiness when evaluating the adequacy of the allowances. For the year ended December 31, 2023 three December 2022 no 10% At December 31, 2023 three December 31, 2022 one

Note F - Note Receivable

Note F - Note Receivable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Notes Receivable [Text Block]	NOTE F NOTE RECEIVABLE During the third 2020, not nine 9 December 31, 2020. February 17, 2022, December 6, 2023. May 5, 2022, eight February 25, 2022, nineteen July 6, 2022, February 6, 2024. 2022. August 12, 2020. December 31, December 31, 2023 2022 Note receivable $ - $ 195,000 Repayment of note - (9,000 ) Allowance for doubtful account - (186,000 ) Note receivable, net of allowance - - Current portion, net of allowance $ - $ - Noncurrent portion, net of allowance $ - $ -

Note G - Inventory

Note G - Inventory	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE G INVENTORY Inventory is stated at the lower of cost, determined on a first first 2022 2023 Inventory is comprised of the following as of December 31: 2023 2022 Finished goods $ 4,373,056 $ 4,764,643 Fabricated assemblies 59,184 69,726 Reserve on finished goods (3,986,500 ) (400,000 ) Total inventory $ 445,740 $ 4,434,369

Note H - Resalable Software Lic

Note H - Resalable Software Licenses Rights	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	NOTE H RESALABLE SOFTWARE LICENSES RIGHTS On December 31, 2015, third not 2021 2022, 2022, December 31, 2023 2022 December 31, 2022.

Note I - Investment in Debt Sec

Note I - Investment in Debt Security	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE I INVESTMENT IN DEBT SECURITY The Company purchased a 4,000,000 Hong Kong dollar denominated Bond Certificate with a financial institution in Hong Kong in September 2020 June 2021. 2022 no

Note J - Equipment and Leasehol

Note J - Equipment and Leasehold Improvements	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE J EQUIPMENT AND LEASEHOLD IMPROVEMENTS Equipment and leasehold improvements consisted of the following as of December 31: 2023 2022 Equipment $ 1,012,958 $ 825,058 Furniture and fixtures 225,978 225,978 Software 49,143 49,143 Leasehold improvements 34,903 34,903 1,322,982 1,135,082 Less accumulated depreciation and amortization (1,102,805 ) (1,027,669 ) Total $ 220,177 $ 107,413 Depreciation was $75,136 and $43,794 for 2023 2022

Note K - Intangible Assets And

Note K - Intangible Assets And Goodwill	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE K INTANGIBLE ASSETS AND GOODWILL Intangible assets consisted of the following as of December 31: 2023 2022 Trade name $ 130,000 $ 130,000 Proprietary software 420,000 420,000 Customer relationships 1,692,860 1,692,860 Patents and patents pending 365,080 365,080 2,607,940 2,607,940 Less accumulated amortization (1,199,950 ) (845,115 ) Total $ 1,407,990 $ 1,762,825 Aggregate amortization expense for 2023 2022 five Years ending December 31 2024 $ 311,000 2025 $ 267,000 2026 $ 224,000 2027 $ 223,000 2028 $ 141,000 Thereafter $ 241,990 Total $ 1,407,990 Goodwill The Company concluded the amounts in goodwill had been fully impaired and accordingly wrote-off the entire balance in full as at December 31, 2022.

Note L - Accrued Liabilities

Note L - Accrued Liabilities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE L ACCRUED LIABILITIES Accrued liabilities consisted of the following as of December 31: 2023 2022 Compensation $ 326,007 $ 377,958 Compensated absences 327,252 378,874 Accrued legal and accounting fees 264,976 110,008 Taxes 152,986 7,000 Employee expenses reimbursement 124,209 114,209 Sales tax payable 19,282 17,594 Other 91,136 3,480 Total $ 1,305,848 $ 1,009,123

Note M - Convertible Note Payab

Note M - Convertible Note Payable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE M CONVERTIBLE NOTE PAYABLE Securities Purchase Agreement dated December 22, 2022 On December 22, 2022, The principal amount of the Note was due six one six six seven In connection with the issuance of the Note, the Company issued to the investor 38,889 shares of Common Stock (the “Commitment Shares”) valued at $18.00 per share and a warrant (the “Warrant”) to purchase 11,112 shares of common stock (the “Warrant Shares”) at an exercise price of $54.00 per share, exercisable commencing on the date of issuance with a term of five #3 On October 31, 2023 December 21, 2023 As of December 31, 2023

Note N - Leases

Note N - Leases	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE N LEASES The Company’s leases office space in New Jersey, Minnesota, New Hampshire, Madrid and Hong Kong with lease termination dates in 2023 2024. Year ended Year ended December 31, December 31, 2023 2022 Lease cost Operating lease cost $ 166,161 $ 254,649 Total lease cost $ 166,161 $ 254,649 Balance sheet information Operating right-of-use assets $ 36,905 $ 197,355 Operating lease liabilities, current portion $ 37,829 $ 159,665 Operating lease liabilities, non-current portion - 37,829 Total operating lease liabilities $ 37,829 $ 197,494 Weighted average remaining lease term (in years) – operating leases 0.67 0.96 Weighted average discount rate – operating leases 5.50 % 5.50 % Supplemental cash flow information related to leases were as follows: Cash paid for amounts included in the measurement of operating lease liabilities $ 213,783 $ 259,558 Maturities of operating lease liabilities were as follows as of December 31, 2023: 2024 $ 38,808 2025 - Total future lease payments $ 38,808 Less: imputed interest (979 ) Total $ 37,829

Note O - Commitments and Contin

Note O - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments Disclosure [Text Block]	NOTE O COMMITMENTS AND CONTINGENCIES Distribution Agreement Swivel Secure has a distribution agreement with Swivel Secure Limited (“SSL”). Terms of the agreement include the following: 1. The initial term of the agreement ends on January 31, 2027 one not 30 not 2. SSL appoints Swivel Secure as the exclusive distributor of SSL’s products, to market, sell and distribute in the EMEA (Europe, Middle East and Africa), excluding the United Kingdom and Republic of Ireland, for a defined discount on the sale price. 3. Swivel Secure is expected to generate a certain minimum level of orders of SSL products each year during the term of the agreement. If Swivel Secure fails to meet such minimum level of orders in any year, the exclusive distribution rights will terminate and Swivel Secure will serve as a non-exclusive distributer of SSL Products. The Company expects the revenue targets to continue to be met based on historical performance and increasing distribution by Swivel Secure. Litigation From time to time, the Company may December 31, 2023 not

Note P - Equity

Note P - Equity	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE P EQUITY 1. Within the limits and restrictions provided in the Company’s Certificate of Incorporation, the Board of Directors has the authority, without further action by the shareholders, to issue up to 5,000,000 shares of preferred stock, $.0001 par value per share, in one 2. Holders of common stock have equal rights to receive dividends when, as and if declared by the Board of Directors, out of funds legally available therefor. Holders of common stock have one not Holders of common stock are entitled, upon liquidation of the Company, to share ratably in the net assets available for distribution, subject to the rights, if any, of holders of any preferred stock then outstanding. Shares of common stock are not no Issuances of Common Stock On December 22, 2022, On March 8, 2022, 20 On June 18, 2021, 2021 first may June 17, 2031. 2023 2022 Issuances of Restricted Stock Restricted stock consists of shares of common stock that are subject to restrictions on transfer and risk of forfeiture until the fulfillment of specified conditions. The fair value of nonvested shares is determined based on the market price of the Company's common stock on the grant date. Restricted stock is expensed ratably over the term of the restriction period. The Company issued 16,404 shares of restricted common stock to certain employees of the Company and 3,752 of shares of restricted common stock were forfeited during fiscal year 2023 2022. three Restricted stock compensation for the years ended December 31, 2023 2022 Issuances to Directors, Executive Officers & Consultants During the 2023 2022 Warrants Warrants Issued with Convertible Note: See Note M - Convertible Note Payable for the warrant issued with a convertible note in 2022. Valuation Assumptions for Warrants: The Company records the warrants at their fair value which is determined using the Black-Scholes valuation model on the date of the grant. The fair value of the warrants issued in 2023 2022 Years ended December 31, 2023 2022 Weighted average risk-free interest rate 4.63 % 3.70 % Weighted average exercise price $ 3.15 $ 3.00 Weighted average exercise period 5 5 Weighted average Volatility of stock price 817 % 108.60 % The volatility for each issuance is determined based on the review of the experience of the weighted average of historical daily price changes of the Company’s common stock over the expected exercise period. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the years to maturity. A summary of warrant activity is as follows: Weighted Weighted average average remaining Aggregate Total exercise life intrinsic Warrants price (in years) value Outstanding, as of December 31, 2021 260,525 106.42 3.48 — Granted 11,112 54.00 Exercised — — Forfeited — — Expired (965 ) 518.40 Outstanding, as of December 31, 2022 270,672 $ 104.95 2.59 — Granted 2,534,148 3.15 Exercised (177,890 ) 0.0018 Forfeited — — Expired (438 ) — Outstanding, as of December 31, 2023 2,626,492 $ 19.09 4.37 — The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $3.00, $10.62, and $39.78 as of December 31, 2023, 2022 2021 no December 31, 2023, 2022 2021

Note Q - Stock Options

Note Q - Stock Options	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE Q STOCK OPTIONS 2023 On December 14, 2024, 2023 2023 may not 10% not ten 2023 may may 2023 December 13, 2033, 2023 2015 On January 27, 2016, 2015 “2015 2015 2021, 2015 2015 2015 may not ten may not 2015 may may 2015 December 2025. Non-Plan Stock Options Periodically, the Company has granted options outside of the 2015 Stock Option Activity Information summarizing option activity is as follows: Weighted Weighted average Number of Options average remaining Aggregate 2015 Non Total exercise life intrinsic Plan Plan price (in years) value Outstanding, as of December 31, 2021 5,072 6,771 11,843 $ 299.61 3.03 $ 0 Granted — — — — Exercised — — — — Forfeited — — — — Expired — (530 ) (530 ) 311.11 Outstanding, as of December 31, 2022 5,072 6,241 11,313 $ 299.07 2.07 $ 0 Granted — — — — Exercised — — — — Forfeited (151 ) — (151 ) 94.44 Expired (1,548 ) (348 ) (1,896 ) 256.30 Outstanding, as of December 31, 2023 3.373 5,893 9,266 $ 311.16 0.96 $ 0 Vested or expected to vest at December 31, 2023 9,266 $ 311.16 0.96 $ 0 Exercisable at December 31, 2023 9,266 $ 311.16 0.96 $ 0 The options outstanding and exercisable at December 31, 2023 Options Outstanding Options Exercisable Weighted Weighted Weighted average average average Number of exercise remaining Number exercise Range of exercise prices shares price life (in years) exercisable price $93.60 - 169.92 2,205 $ 136.65 2.85 2,205 $ 136.65 $169.93 - 504.00 7,061 365.66 0.38 7,061 365.66 $93.60 - 504.00 9,266 9,266 The aggregate intrinsic value in the table above represents the total intrinsic value, based on the Company’s closing stock price of $3.00, $10.62, and $39.78 as of December 31, 2023, 2022 2021 no December 31, 2023, 2022 2021 The weighted average fair value of options granted during the years ended December 31, 2023 2022 no December 31, 2023 2022 no December 31, 2023 2022 As of December 31, 2023

Note R - Income Taxes

Note R - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE R INCOME TAXES The components of net loss consist of the following: Year ended Year ended December 31, December 31, 2023 2022 United States $ (7,279,970 ) $ (10,416,593 ) Hong Kong (627,146 ) (458,839 ) Nigeria (203,700 ) (143,499 ) Spain (411,021 ) (890,972 ) Total $ (8,521,837 ) $ (11,909,903 ) There was no December 31, 2023 2022 Year ended Year ended December 31, December 31, 2023 2022 Current – federal, $ - $ - state foreign 40,986 Deferred- Federal 1,175,000 States 122,000 Foreign (175,000 ) (20,434 ) Total (134,014 ) 1,276,566 Change in valuation allowance (1,297,000 ) Provision for income tax expense (benefit) $ (134,014 ) $ (20,434 ) Significant components of deferred tax assets and liabilities are as follows at December 31, 2023 2022 December 31, December 31, 2023 2022 Accrued compensation $ 112,201 $ 113,000 Allowance for doubtful accounts 90,405 169,000 Research and development expenses 1,017,551 633,000 Capital loss carry forward 114,251 114,000 Stock-based compensation 32,408 456,000 Equipment and leasehold improvements (12,353 ) (19,000 ) Intangible assets - US - 341,000 Intangible assets - Foreign (145,000 ) (170,000 ) Reserve - Foreign 150,000 - Inventory reserve 828,668 89,000 Interest expense - 44,000 Operating lease liabilities - 44,000 Other 1,000 - Tax credits 1,748,235 - Operating lease right-of-use assets 206 (44,000 ) Net operating loss and research and credit carryforwards 13,277,118 15,248,000 Valuation allowance (17,214,690 ) (17,188,000 ) Net deferred tax liability $ - $ (170,000 ) The Company has a valuation allowance against the full amount of its net deferred taxes due to the uncertainty of realization of the deferred tax assets due to operating loss history of the Company. The Company currently provides a valuation allowance against deferred taxes when it is more likely than not not December 31, 2023 2022 As of December 31, 2023 2024 2037, no 382 2026 2042. A reconciliation of the effective income tax rate on operations reflected in the statements of operations to the US federal statutory income tax rate is presented below. Year ended Year ended December 31, December 31, 2023 2022 Federal statutory income tax rate 21 % 21 % State taxes, net of federal benefit (1.41 ) 0.9 Permanent differences 1.97 (4.7 ) Expiration of net operating loss and research credit carryforwards (7.84 ) (5.7 ) Expiration and forfeiture of stock options - (0.3 ) foreign rate differential (5.84 ) rate change (1.05 ) Other (9.08 ) (0.5 ) Valuation allowance (0.24 ) (10.9 ) Effective tax rate (2.5 )% (0.2 )% The Company has not 2019 2022 The Company's subsidiary in Nigeria has not no not first four not The Company's subsidiary in Hong Kong has not no not The Company believes it is not not December 31, 2023 2022

Note S

Note S	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	NOTE S The Company has established a savings plan under section 401 one 401 may not may no December 31, 2023 2022

Note T - Earnings Per Share (EP

Note T - Earnings Per Share (EPS)	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE T EARNINGS PER SHARE (EPS) The following table summarizes the weighted average securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive. Years ended December 31, 2023 2022 Stock options - - Warrants 1,913,566 - Total 1,913,566 - Items excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares: Years ended December 31, 2023 2022 Stock options 9,266 11,313 Warrants 270,234 270,672 Total 279,500 281,985

Note U - Quarterly Financial Da

Note U - Quarterly Financial Data (Unaudited and Restated)	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Error Correction [Text Block]	NOTE U QUARTERLY FINANCIAL DATA (UNAUDITED AND RESTATED) The Company is providing restated quarterly unaudited consolidated financial information for interim periods occurring within the year ended December 31, 2023. The need for the restatement arose out of the results of certain financial analysis the Company performed in the course of preparing its fiscal year-end 2023 December 31, 2023, December 31, 2023. may 2024. The restated consolidated balance sheet line items for the first, second third 2023 Originally Reported Adjustment Restated Three Months Ended Six Months Ended Nine Months Ended Three Months Ended Six Months Ended Nine Months Ended Three Months Ended Six Months Ended Nine Months Ended March 31, 2023 June 30, 2023 September 30, 2023 March 31, 2023 June 30, 2023 September 30, 2023 March 31, 2023 June 30, 2023 September 30, 2023 Accounts receivable, net $ 3,362,203 $ 3,178,785 $ 2,799,218 $ (900,000 ) $ (1,100,000 ) $ (1,300,000 ) $ 2,462,203 $ 2,078,785 $ 1,499,218 Inventory 4,427,815 4,384,098 4,289,213 (500,000 ) (1,500,000 ) (2,500,000 ) 3,927,815 2,884,098 1,789,213 Total current assets 8,936,084 8,531,330 7,820,339 (1,400,000 ) (2,600,000 ) (3,800,000 ) 7,536,084 5,931,330 4,020,339 Accumulated deficit (116,773,695 ) (118,196,573 ) (118,834,397 ) (1,400,000 ) (2,600,000 ) (3,800,000 ) (118,173,695 ) (120,796,573 ) (122,634,397 ) Total Stockholders' Equity 5,156,755 3,845,091 3,314,451 (1,400,000 ) (2,600,000 ) (3,800,000 ) 3,756,755 1,245,091 (485,549 ) Total Liabilities and Stockholders' Equity 11,106,057 10,583,245 9,749,380 (1,400,000 ) (2,600,000 ) (3,800,000 ) 9,706,057 7,983,245 5,949,380 The restated line items of the consolidated statements of comprehensive income for the three March 31, 2023, June 30, 2023, September 30, 2023 Originally Reported Adjustment Restated Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 License fees $ 2,478,556 $ 1,235,771 $ 950,015 $ (900,000 ) - - $ 1,578,556 $ 1,235,771 $ 950,015 Total revenues 3,083,767 1,928,929 1,817,108 (900,000 ) - - 2,183,767 1,928,929 1,817,108 Cost of hardware - Reserve - - - 500,000 1,000,000 1,000,000 500,000 1,000,000 1,000,000 Total costs and other expenses 820,274 606,111 476,604 500,000 1,000,000 1,000,000 1,320,274 1,606,111 1,476,604 Gross profit 2,263,493 1,322,818 1,340,504 (1,400,000 ) (1,000,000 ) (1,000,000 ) 863,493 322,818 340,504 Selling, general and administrative 1,931,732 1,943,164 1,547,376 - 200,000 200,000 1,931,732 2,143,164 1,747,376 Total Operating Expenses 2,621,891 2,501,345 2,106,062 - 200,000 200,000 2,621,891 2,701,345 2,306,062 Operating loss (358,398 ) (1,178,527 ) (765,558 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,758,398 ) (2,378,527 ) (1,965,558 ) Loss before provision for income tax (288,322 ) (1,279,878 ) (638,013 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,688,322 ) (2,479,878 ) (1,838,013 ) Net loss (288,322 ) (1,422,878 ) (637,824 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,688,322 ) (2,479,878 ) (1,838,013 ) Comprehensive Net loss (288,322 ) (1,422,878 ) (637,824 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,688,322 ) (2,479,878 ) (1,838,013 ) Comprehensive loss (216,176 ) (1,402,994 ) (602,460 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,616,176 ) (2,459,994 ) (1,802,649 ) Basic and Diluted Loss per Common Share (0.52 ) (2.56 ) (1.12 ) (2.52 ) (2.16 ) (2.11 ) (3.04 ) (4.45 ) (3.22 ) The restated line items of the consolidated statements of comprehensive income for the six June 30, 2023 nine September 30, 2023 Originally Reported Adjustment Restated Six Months Ended Nine Months Ended Six Months Ended Nine Months Ended Six Months Ended Nine Months Ended June 30, 2023 September 30, 2023 June 30, 2023 September 30, 2023 June 30, 2023 September 30, 2023 License fees $ 3,714,327 $ 4,664,341 $ (900,000 ) $ (900,000 ) $ 2,814,327 $ 3,764,341 Total revenues 5,012,696 6,829,804 (900,000 ) (900,000 ) 4,112,696 5,929,804 Cost of hardware - reserve - - 1,500,000 2,500,000 1,500,000 2,500,000 Total costs and other expenses 1,426,385 1,902,989 1,500,000 2,500,000 2,926,385 4,402,989 Gross profit 3,586,311 4,926,815 (2,400,000 ) (3,400,000 ) 1,186,311 1,526,815 Selling, general and administrative 3,874,896 5,422,272 200,000 400,000 4,074,896 5,822,272 Total Operating Expenses 5,123,237 7,229,298 200,000 400,000 5,323,237 7,629,298 Operating loss (1,536,926 ) (2,302,483 ) (2,600,000 ) (3,800,000 ) (4,136,926 ) (6,102,483 ) Loss before provision for income tax (1,568,200 ) (2,206,212 ) (2,600,000 ) (3,800,000 ) (4,168,200 ) (6,006,212 ) Net loss (1,711,200 ) (2,349,023 ) (2,600,000 ) (3,800,000 ) (4,311,200 ) (6,149,023 ) Comprehensive net loss (1,711,200 ) (2,349,023 ) (2,600,000 ) (3,800,000 ) (4,311,200 ) (6,149,023 ) Comprehensive loss (1,619,170 ) (2,221,629 ) (2,600,000 ) (3,800,000 ) (4,219,170 ) (6,021,629 ) Basic and Diluted Loss per Common Share (3.07 ) (4.12 ) (4.67 ) (6.67 ) (7.74 ) (10.79 )

Note V - Subsequent Events

Note V - Subsequent Events	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE V SUBSEQUENT EVENTS On January 4, 2024, On January 5, 2024, On January 12, 2024, On February 15, 2024, On March 21, 2024, On March 27, 2024, On May 6, 2024,

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Going Concern and Basis of Presentation The Company has historically financed operations through access to the capital markets by issuing convertible debt securities, convertible preferred stock, common stock, and through factoring receivables. As of the date of this report, the Company does not twelve The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which contemplate continuation of the Company as a going concern, and assumes continuity of operations, realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has suffered substantial net losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations all of which raise substantial doubt about the Company’s ability to continue as a going concern. Recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon the Company’s ability to increase its revenue and meet its financing requirements on a continuing basis and become profitable in its future operations. The accompanying consolidated financial statements do not
Stockholders' Equity, Policy [Policy Text Block]	Reverse Stock Split 1 December 21, 2023. 1 18
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency The Company accounts for foreign currency transactions pursuant to ASC 830, Foreign Currency Matters 830” 830, The functional currency of Swivel Secure Europe, SA is the Euro. Under ASC 830,
Consolidation, Policy [Policy Text Block]	1. Principles of Consolidation The accompanying consolidated financial statements include the accounts of BIO-key International, Inc. and its wholly-owned subsidiaries (collectively, the “Company”). Intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	2. Use of Estimates Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) as set forth in the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the U.S. Securities and Exchange Commission (SEC). These accounting principles require us to make certain estimates, judgments and assumptions. The Company believes that the estimates, judgments and assumptions upon which it relies are reasonable based upon information available to us at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to accounts receivable, inventory, intangible assets and goodwill, fair value of convertible note payable, and income taxes.
Revenue [Policy Text Block]	3. Revenue Recognition In accordance with ASC 606, five ● Identify the contract with a customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to performance obligations in the contract ● Recognize revenue when or as the Company satisfies a performance obligation All of the Company's performance obligations, and associated revenues, are generally transferred to customers at a point in time, with the exception of support and maintenance, and professional services, which are generally transferred to the customer over time. Software licenses Software license revenue consists of fees for perpetual and subscription licenses for one Hardware Hardware revenue consists of fees for associated equipment sold with or without a software license arrangement, such as servers, locks and fingerprint readers. Customers are not third may Support and Maintenance Support and maintenance revenue consists of fees for unspecified upgrades, telephone assistance and bug fixes. The Company satisfies its support and maintenance performance obligation by providing “stand-ready” assistance as required over the contract period. The Company records deferred revenue (contract liability) at time of prepayment until the term of the contract begins. Revenue is recognized over time on a ratable basis over the contract term. Support and maintenance contracts are one five Professional Services Professional services revenues consist primarily of fees for deployment and optimization services, as well as training. The majority of the Company’s consulting contracts are billed on a time and materials basis, and revenue is recognized based on the amount billable to the customer in accordance with practical expedient ASC 606 10 55 18. Contracts with Multiple Performance Obligations Some contracts with customers contain multiple performance obligations. For these contracts, the Company accounts for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. The standalone selling prices are determined based on overall pricing objectives, taking into consideration market conditions and other factors, including the value of the contracts, the cloud applications sold, customer demographics, geographic locations, and the number and types of users within the contracts. The Company considered several factors in determining that control transfers to the customer upon shipment of hardware and availability of download of software. These factors include that legal title transfers to the customer, the Company has a present right to payment, and the customer has assumed the risks and rewards of ownership. Accounts receivable from customers are typically due within 30 not Costs to Obtain and Fulfill a Contract Costs to obtain and fulfill a contract are predominantly sales commissions earned by the sales force and are considered incremental and recoverable costs of obtaining a contract with a customer. These costs are deferred and then amortized over a period of benefit determined to be four Deferred Revenue Deferred revenue includes customer advances and amounts that have been paid by customers for which the contractual maintenance terms have not 12 60 12 December 31, 2023 2022
Business Combinations Policy [Policy Text Block]	4. Business Combinations In accordance with ASC 805, Business Combinations 805 The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair value. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net acquisition date fair value of the assets acquired and the liabilities assumed and represents the expected future economic benefits arising from other assets acquired that are not may may may may one
Goodwill and Intangible Assets, Policy [Policy Text Block]	5. Goodwill and acquired intangible assets Goodwill is not may not December 31st 2022. Intangible assets acquired in a business combination are recorded at their estimated fair values at the date of acquisition. The Company amortizes acquired definite-lived intangible assets over their estimated useful lives based on the pattern of consumption of the economic benefits or, if that pattern cannot be readily determined, on a straight-line basis.
Cash and Cash Equivalents, Policy [Policy Text Block]	6. Cash Equivalents Cash equivalents consist of liquid investments with original maturities of three December 31, 2023 2022
Accounts Receivable [Policy Text Block]	7. Accounts Receivable Accounts receivable are carried at original amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful receivables by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, and current economic conditions. Accounts receivable are written off when deemed uncollectible. Accounts receivable at December 31, 2023 2022 December 31, 2023 2022 Accounts receivable $ 2,207,311 $ 2,096,569 Allowance for doubtful accounts (1,005,785 ) (573,785 ) Accounts receivable, net of allowances for doubtful accounts $ 1,201,526 $ 1,522,784 Bad debt expenses (if any) are recorded in selling, general, and administrative expense. The allowance for doubtful accounts for the years ended December 31, 2023 2022 Balance at Beginning of Year Charged to Costs and Expenses Deductions from Reserves Balance at End of Year Year ended December 31, 2023 Allowance for Doubtful Accounts $ 573,785 $ 750,000 $ (318,000 ) $ 1,005,785 Year ended December 31, 2022 Allowance for Doubtful Accounts $ 213,785 $ 360,000 $ - $ 573,785
Property, Plant and Equipment, Policy [Policy Text Block]	8. Equipment and Leasehold Improvements, Intangible Assets and Depreciation and Amortization Equipment and leasehold improvements are stated at cost. Depreciation is provided for in amounts sufficient to relate the cost of depreciable assets to operations over the estimated service lives, principally using straight-line methods. Leasehold improvements are amortized over the shorter of the life of the improvement or the lease term, using the straight-line method. The estimated useful lives used to compute depreciation and amortization for financial reporting purposes are as follows: Years Equipment and leasehold improvements Equipment 3 - 5 Furniture and fixtures 3 - 5 Software 3 Leasehold improvements life or lease term Intangible assets other than goodwill consist of patents, trade name, proprietary software, and customer relationships. Patent costs are capitalized until patents are awarded. Upon award, such costs are amortized using the straight-line method over their respective economic lives. If a patent is denied, all costs are charged to operations in that year. Trade names, proprietary software, and customer relationships are amortized over the economic useful life.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	9. Impairment or Disposal of Long Lived Assets, including Intangible Assets The Company reviews long-lived assets, including intangible assets subject to amortization, whenever events or changes in circumstances indicate that the carrying amount of such an asset may not may no 2023 2022
Advertising Cost [Policy Text Block]	10. Advertising Expense The Company expenses the costs of advertising as incurred. Advertising expenses for 2023 2022
Research and Development Expense, Policy [Policy Text Block]	11. Research and Development Expenditures Research and development expenses include costs directly attributable to the conduct of research and development programs primarily related to the development of our software products and improving the efficiency and capabilities of our existing software. Such costs include salaries, payroll taxes, employee benefit costs, materials, supplies, depreciation on research equipment, services provided by outside contractors, and the allocable portions of facility costs, such as rent, utilities, insurance, repairs and maintenance, depreciation and general support services. All costs associated with research and development are expensed as incurred.
Earnings Per Share, Policy [Policy Text Block]	12. Earnings Per Share of Common Stock ( EPS ) The Company’s EPS is calculated by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuances of common stock, such as stock issuable pursuant to the exercise of stock options and warrants, when the effect of their inclusion is dilutive. All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1 December 21, 2023.
Share-Based Payment Arrangement [Policy Text Block]	13. Accounting for Stock-Based Compensation The Company accounts for share based compensation in accordance with the provisions of ASC 718 10, three not may 718. The following table presents share-based compensation expenses included in the Company’s consolidated statements of operations: Year ended December 31, 2023 2022 Selling, general and administrative $ 209,134 $ 310,017 Research, development and engineering 56,598 77,890 $ 265,732 $ 387,907
Income Tax, Policy [Policy Text Block]	14. Income Taxes The provision for, or benefit from, income taxes includes deferred taxes resulting from the temporary differences in income for financial and tax purposes using the liability method. Such temporary differences result primarily from the differences in the carrying value of assets and liabilities. Future realization of deferred income tax assets requires sufficient taxable income within the carryback, carryforward period available under tax law. The Company evaluates, on a quarterly basis whether, based on all available evidence, if it is probable that the deferred income tax assets are realizable. Valuation allowances are established when it is more likely than not not 740 10, may The Company accounts for uncertain tax provisions in accordance with ASC 740.
Lessee, Leases [Policy Text Block]	15 . Leases In accordance with ASC 842, Leases 842 12 At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present and the classification of the lease including whether the contract involves the use of a distinct identified asset, whether the Company obtains the right to substantially all the economic benefit from the use of the asset, and whether the Company has the right to direct the use of the asset. Leases with a term greater than one not one 842 20 25 2. not Lease liabilities and their corresponding ROU assets are recorded based on the present value of lease payments over the expected lease term. The implicit rate within our operating leases are generally not An option to extend the lease is considered in connection with determining the ROU asset and lease liability when it is reasonably certain we will exercise that option. An option to terminate is considered unless it is reasonably certain we will not
Derivatives, Policy [Policy Text Block]	16. The Fair Value Measurement Option The Company has elected the fair value measurement option for convertible debt with embedded derivatives that require bifurcation, and record the entire hybrid financing instrument at fair value under the guidance of ASC 825, Financial Instruments one
Fair Value Measurement, Policy [Policy Text Block]	17. Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three 1 3 Level 1: Level 2: not Level 3: no The Company issued a convertible note which included an original issue discount, conversion features and a detachable warrant, as further discussed in Note M. The detachable warrant represents a freestanding, separable equity-linked financial instrument recorded at fair value. The fair value of the detachable warrant was calculated using a Black-Scholes valuation model. The Company elected the fair value option for the convertible debt which was determined based on significant unobservable inputs including the likelihood of default, the estimated date at which the default could take place, and the present value discount rate, which causes it to be classified as a Level 3 not The Company estimated the fair value of the convertible note using a probability-weighted discounted cash flow model with the following assumptions and significant terms of the convertible note at December 22, 2022: 1. 2. 3. 4. 5. 6. The following table shows the changes in fair value measurements for the convertible note using significant unobservable inputs (Level 3 December 31, 2023 Beginning balance $ 2,596,203 Purchases and issuances (2,200,000 ) Day one change in value of hybrid instrument (396,203 ) Ending balance $ -
New Accounting Pronouncements, Policy [Policy Text Block]	18. Recent Accounting Pronouncements In June 2016, 2016 13, 326 2016 13, not 2016 13 2016 13 no not may not 2016 13. 2016 13 January 1, 2023.

Note A - The Company and Summ_2

Note A - The Company and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2023 2022 Accounts receivable $ 2,207,311 $ 2,096,569 Allowance for doubtful accounts (1,005,785 ) (573,785 ) Accounts receivable, net of allowances for doubtful accounts $ 1,201,526 $ 1,522,784 Balance at Beginning of Year Charged to Costs and Expenses Deductions from Reserves Balance at End of Year Year ended December 31, 2023 Allowance for Doubtful Accounts $ 573,785 $ 750,000 $ (318,000 ) $ 1,005,785 Year ended December 31, 2022 Allowance for Doubtful Accounts $ 213,785 $ 360,000 $ - $ 573,785
Useful Lives of Property Plan and Equipment [Table Text Block]	Years Equipment and leasehold improvements Equipment 3 - 5 Furniture and fixtures 3 - 5 Software 3 Leasehold improvements life or lease term
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Year ended December 31, 2023 2022 Selling, general and administrative $ 209,134 $ 310,017 Research, development and engineering 56,598 77,890 $ 265,732 $ 387,907
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Beginning balance $ 2,596,203 Purchases and issuances (2,200,000 ) Day one change in value of hybrid instrument (396,203 ) Ending balance $ -

Note B - Revenue From Contrac_2

Note B - Revenue From Contracts With Customers (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	North December 31, America Africa EMESA* Asia 2023 License fees $ 1,971,348 $ 552,630 $ 1,801,381 $ 16,651 $ 4,342,010 Hardware 147,815 0 1,013,295 32,900 1,194,010 Services 1,116,935 101,816 981,848 18,286 2,218,885 Total revenues $ 3,236,098 $ 654,446 $ 3,796,524 $ 67,837 $ 7,754,905 North December 31, America Africa EMESA* Asia 2022 License fees $ 1,856,814 $ 517,161 $ 2,124,088 $ 85,989 $ 4,584,052 Hardware 422,275 25,833 19,914 178,464 646,486 Services 1,270,067 83,306 436,293 54 1,789,720 Total revenues $ 3,549,156 $ 626,300 $ 2,580,295 $ 264,507 $ 7,020,258

Note C - Swivel Secure Europe_2

Note C - Swivel Secure Europe, SA Acquisition (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Purchase consideration: Total cash paid, including working capital adjustment $ 1,273,483 Earnout payable 500,000 Common stock issued 600,004 Total purchase price consideration $ 2,373,487 Fair value of assets acquired and liabilities assumed: Cash and cash equivalents $ 729,905 Accounts receivable 702,886 Equipment acquired 65,640 Other assets 20,708 Intangible assets 762,860 Goodwill 1,258,087 Total estimated assets acquired 3,540,086 Accounts payable and accrued expenses 431,884 Government loan 544,000 Deferred tax liability 190,715 Total liabilities assumed 1,166,599 Total estimated fair value of assets acquired and liabilities assumed $ 2,373,487
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Estimated useful life Amount (in years) Customer relationships $ 762,860 7 Total identifiable intangible assets $ 762,860

Note F - Note Receivable (Table

Note F - Note Receivable (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2023 2022 Accounts receivable $ 2,207,311 $ 2,096,569 Allowance for doubtful accounts (1,005,785 ) (573,785 ) Accounts receivable, net of allowances for doubtful accounts $ 1,201,526 $ 1,522,784 Balance at Beginning of Year Charged to Costs and Expenses Deductions from Reserves Balance at End of Year Year ended December 31, 2023 Allowance for Doubtful Accounts $ 573,785 $ 750,000 $ (318,000 ) $ 1,005,785 Year ended December 31, 2022 Allowance for Doubtful Accounts $ 213,785 $ 360,000 $ - $ 573,785
Notes Receivable [Member]
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, December 31, 2023 2022 Note receivable $ - $ 195,000 Repayment of note - (9,000 ) Allowance for doubtful account - (186,000 ) Note receivable, net of allowance - - Current portion, net of allowance $ - $ - Noncurrent portion, net of allowance $ - $ -

Note G - Inventory (Tables)

Note G - Inventory (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	2023 2022 Finished goods $ 4,373,056 $ 4,764,643 Fabricated assemblies 59,184 69,726 Reserve on finished goods (3,986,500 ) (400,000 ) Total inventory $ 445,740 $ 4,434,369

Note J - Equipment and Leaseh_2

Note J - Equipment and Leasehold Improvements (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	2023 2022 Equipment $ 1,012,958 $ 825,058 Furniture and fixtures 225,978 225,978 Software 49,143 49,143 Leasehold improvements 34,903 34,903 1,322,982 1,135,082 Less accumulated depreciation and amortization (1,102,805 ) (1,027,669 ) Total $ 220,177 $ 107,413

Note K - Intangible Assets An_2

Note K - Intangible Assets And Goodwill (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	2023 2022 Trade name $ 130,000 $ 130,000 Proprietary software 420,000 420,000 Customer relationships 1,692,860 1,692,860 Patents and patents pending 365,080 365,080 2,607,940 2,607,940 Less accumulated amortization (1,199,950 ) (845,115 ) Total $ 1,407,990 $ 1,762,825
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Years ending December 31 2024 $ 311,000 2025 $ 267,000 2026 $ 224,000 2027 $ 223,000 2028 $ 141,000 Thereafter $ 241,990 Total $ 1,407,990

Note L - Accrued Liabilities (T

Note L - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	2023 2022 Compensation $ 326,007 $ 377,958 Compensated absences 327,252 378,874 Accrued legal and accounting fees 264,976 110,008 Taxes 152,986 7,000 Employee expenses reimbursement 124,209 114,209 Sales tax payable 19,282 17,594 Other 91,136 3,480 Total $ 1,305,848 $ 1,009,123

Note N - Leases (Tables)

Note N - Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Lessee, Operating Lease, Costs, Assets and Liabilities [Table Text Block]	Year ended Year ended December 31, December 31, 2023 2022 Lease cost Operating lease cost $ 166,161 $ 254,649 Total lease cost $ 166,161 $ 254,649 Balance sheet information Operating right-of-use assets $ 36,905 $ 197,355 Operating lease liabilities, current portion $ 37,829 $ 159,665 Operating lease liabilities, non-current portion - 37,829 Total operating lease liabilities $ 37,829 $ 197,494 Weighted average remaining lease term (in years) – operating leases 0.67 0.96 Weighted average discount rate – operating leases 5.50 % 5.50 % Supplemental cash flow information related to leases were as follows: Cash paid for amounts included in the measurement of operating lease liabilities $ 213,783 $ 259,558 Maturities of operating lease liabilities were as follows as of December 31, 2023: 2024 $ 38,808 2025 - Total future lease payments $ 38,808 Less: imputed interest (979 ) Total $ 37,829

Note P - Equity (Tables)

Note P - Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Warrants Valuation Assumptions [Table Text Block]	Years ended December 31, 2023 2022 Weighted average risk-free interest rate 4.63 % 3.70 % Weighted average exercise price $ 3.15 $ 3.00 Weighted average exercise period 5 5 Weighted average Volatility of stock price 817 % 108.60 %
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Weighted Weighted average average remaining Aggregate Total exercise life intrinsic Warrants price (in years) value Outstanding, as of December 31, 2021 260,525 106.42 3.48 — Granted 11,112 54.00 Exercised — — Forfeited — — Expired (965 ) 518.40 Outstanding, as of December 31, 2022 270,672 $ 104.95 2.59 — Granted 2,534,148 3.15 Exercised (177,890 ) 0.0018 Forfeited — — Expired (438 ) — Outstanding, as of December 31, 2023 2,626,492 $ 19.09 4.37 —

Note Q - Stock Options (Tables)

Note Q - Stock Options (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Weighted average Number of Options average remaining Aggregate 2015 Non Total exercise life intrinsic Plan Plan price (in years) value Outstanding, as of December 31, 2021 5,072 6,771 11,843 $ 299.61 3.03 $ 0 Granted — — — — Exercised — — — — Forfeited — — — — Expired — (530 ) (530 ) 311.11 Outstanding, as of December 31, 2022 5,072 6,241 11,313 $ 299.07 2.07 $ 0 Granted — — — — Exercised — — — — Forfeited (151 ) — (151 ) 94.44 Expired (1,548 ) (348 ) (1,896 ) 256.30 Outstanding, as of December 31, 2023 3.373 5,893 9,266 $ 311.16 0.96 $ 0 Vested or expected to vest at December 31, 2023 9,266 $ 311.16 0.96 $ 0 Exercisable at December 31, 2023 9,266 $ 311.16 0.96 $ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]	Options Outstanding Options Exercisable Weighted Weighted Weighted average average average Number of exercise remaining Number exercise Range of exercise prices shares price life (in years) exercisable price $93.60 - 169.92 2,205 $ 136.65 2.85 2,205 $ 136.65 $169.93 - 504.00 7,061 365.66 0.38 7,061 365.66 $93.60 - 504.00 9,266 9,266

Note R - Income Taxes (Tables)

Note R - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Net Income (Loss) by Geographic Areas [Table Text Block]	Year ended Year ended December 31, December 31, 2023 2022 United States $ (7,279,970 ) $ (10,416,593 ) Hong Kong (627,146 ) (458,839 ) Nigeria (203,700 ) (143,499 ) Spain (411,021 ) (890,972 ) Total $ (8,521,837 ) $ (11,909,903 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year ended Year ended December 31, December 31, 2023 2022 Current – federal, $ - $ - state foreign 40,986 Deferred- Federal 1,175,000 States 122,000 Foreign (175,000 ) (20,434 ) Total (134,014 ) 1,276,566 Change in valuation allowance (1,297,000 ) Provision for income tax expense (benefit) $ (134,014 ) $ (20,434 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, December 31, 2023 2022 Accrued compensation $ 112,201 $ 113,000 Allowance for doubtful accounts 90,405 169,000 Research and development expenses 1,017,551 633,000 Capital loss carry forward 114,251 114,000 Stock-based compensation 32,408 456,000 Equipment and leasehold improvements (12,353 ) (19,000 ) Intangible assets - US - 341,000 Intangible assets - Foreign (145,000 ) (170,000 ) Reserve - Foreign 150,000 - Inventory reserve 828,668 89,000 Interest expense - 44,000 Operating lease liabilities - 44,000 Other 1,000 - Tax credits 1,748,235 - Operating lease right-of-use assets 206 (44,000 ) Net operating loss and research and credit carryforwards 13,277,118 15,248,000 Valuation allowance (17,214,690 ) (17,188,000 ) Net deferred tax liability $ - $ (170,000 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year ended Year ended December 31, December 31, 2023 2022 Federal statutory income tax rate 21 % 21 % State taxes, net of federal benefit (1.41 ) 0.9 Permanent differences 1.97 (4.7 ) Expiration of net operating loss and research credit carryforwards (7.84 ) (5.7 ) Expiration and forfeiture of stock options - (0.3 ) foreign rate differential (5.84 ) rate change (1.05 ) Other (9.08 ) (0.5 ) Valuation allowance (0.24 ) (10.9 ) Effective tax rate (2.5 )% (0.2 )%

Note T - Earnings Per Share (_2

Note T - Earnings Per Share (EPS) (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Years ended December 31, 2023 2022 Stock options - - Warrants 1,913,566 - Total 1,913,566 - Years ended December 31, 2023 2022 Stock options 9,266 11,313 Warrants 270,234 270,672 Total 279,500 281,985

Note U - Quarterly Financial _2

Note U - Quarterly Financial Data (Unaudited and Restated) (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Originally Reported Adjustment Restated Three Months Ended Six Months Ended Nine Months Ended Three Months Ended Six Months Ended Nine Months Ended Three Months Ended Six Months Ended Nine Months Ended March 31, 2023 June 30, 2023 September 30, 2023 March 31, 2023 June 30, 2023 September 30, 2023 March 31, 2023 June 30, 2023 September 30, 2023 Accounts receivable, net $ 3,362,203 $ 3,178,785 $ 2,799,218 $ (900,000 ) $ (1,100,000 ) $ (1,300,000 ) $ 2,462,203 $ 2,078,785 $ 1,499,218 Inventory 4,427,815 4,384,098 4,289,213 (500,000 ) (1,500,000 ) (2,500,000 ) 3,927,815 2,884,098 1,789,213 Total current assets 8,936,084 8,531,330 7,820,339 (1,400,000 ) (2,600,000 ) (3,800,000 ) 7,536,084 5,931,330 4,020,339 Accumulated deficit (116,773,695 ) (118,196,573 ) (118,834,397 ) (1,400,000 ) (2,600,000 ) (3,800,000 ) (118,173,695 ) (120,796,573 ) (122,634,397 ) Total Stockholders' Equity 5,156,755 3,845,091 3,314,451 (1,400,000 ) (2,600,000 ) (3,800,000 ) 3,756,755 1,245,091 (485,549 ) Total Liabilities and Stockholders' Equity 11,106,057 10,583,245 9,749,380 (1,400,000 ) (2,600,000 ) (3,800,000 ) 9,706,057 7,983,245 5,949,380 Originally Reported Adjustment Restated Q1 Q2 Q3 Q1 Q2 Q3 Q1 Q2 Q3 License fees $ 2,478,556 $ 1,235,771 $ 950,015 $ (900,000 ) - - $ 1,578,556 $ 1,235,771 $ 950,015 Total revenues 3,083,767 1,928,929 1,817,108 (900,000 ) - - 2,183,767 1,928,929 1,817,108 Cost of hardware - Reserve - - - 500,000 1,000,000 1,000,000 500,000 1,000,000 1,000,000 Total costs and other expenses 820,274 606,111 476,604 500,000 1,000,000 1,000,000 1,320,274 1,606,111 1,476,604 Gross profit 2,263,493 1,322,818 1,340,504 (1,400,000 ) (1,000,000 ) (1,000,000 ) 863,493 322,818 340,504 Selling, general and administrative 1,931,732 1,943,164 1,547,376 - 200,000 200,000 1,931,732 2,143,164 1,747,376 Total Operating Expenses 2,621,891 2,501,345 2,106,062 - 200,000 200,000 2,621,891 2,701,345 2,306,062 Operating loss (358,398 ) (1,178,527 ) (765,558 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,758,398 ) (2,378,527 ) (1,965,558 ) Loss before provision for income tax (288,322 ) (1,279,878 ) (638,013 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,688,322 ) (2,479,878 ) (1,838,013 ) Net loss (288,322 ) (1,422,878 ) (637,824 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,688,322 ) (2,479,878 ) (1,838,013 ) Comprehensive Net loss (288,322 ) (1,422,878 ) (637,824 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,688,322 ) (2,479,878 ) (1,838,013 ) Comprehensive loss (216,176 ) (1,402,994 ) (602,460 ) (1,400,000 ) (1,200,000 ) (1,200,000 ) (1,616,176 ) (2,459,994 ) (1,802,649 ) Basic and Diluted Loss per Common Share (0.52 ) (2.56 ) (1.12 ) (2.52 ) (2.16 ) (2.11 ) (3.04 ) (4.45 ) (3.22 ) Originally Reported Adjustment Restated Six Months Ended Nine Months Ended Six Months Ended Nine Months Ended Six Months Ended Nine Months Ended June 30, 2023 September 30, 2023 June 30, 2023 September 30, 2023 June 30, 2023 September 30, 2023 License fees $ 3,714,327 $ 4,664,341 $ (900,000 ) $ (900,000 ) $ 2,814,327 $ 3,764,341 Total revenues 5,012,696 6,829,804 (900,000 ) (900,000 ) 4,112,696 5,929,804 Cost of hardware - reserve - - 1,500,000 2,500,000 1,500,000 2,500,000 Total costs and other expenses 1,426,385 1,902,989 1,500,000 2,500,000 2,926,385 4,402,989 Gross profit 3,586,311 4,926,815 (2,400,000 ) (3,400,000 ) 1,186,311 1,526,815 Selling, general and administrative 3,874,896 5,422,272 200,000 400,000 4,074,896 5,822,272 Total Operating Expenses 5,123,237 7,229,298 200,000 400,000 5,323,237 7,629,298 Operating loss (1,536,926 ) (2,302,483 ) (2,600,000 ) (3,800,000 ) (4,136,926 ) (6,102,483 ) Loss before provision for income tax (1,568,200 ) (2,206,212 ) (2,600,000 ) (3,800,000 ) (4,168,200 ) (6,006,212 ) Net loss (1,711,200 ) (2,349,023 ) (2,600,000 ) (3,800,000 ) (4,311,200 ) (6,149,023 ) Comprehensive net loss (1,711,200 ) (2,349,023 ) (2,600,000 ) (3,800,000 ) (4,311,200 ) (6,149,023 ) Comprehensive loss (1,619,170 ) (2,221,629 ) (2,600,000 ) (3,800,000 ) (4,219,170 ) (6,021,629 ) Basic and Diluted Loss per Common Share (3.07 ) (4.12 ) (4.67 ) (6.67 ) (7.74 ) (10.79 )

Note A - The Company and Summ_3

Note A - The Company and Summary of Significant Accounting Policies (Details Textual)		12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021	Dec. 22, 2022 USD ($)
Percentage of Support and Maintenance Revenue to License Cost				18%
Capitalized Contract Cost, Amortization Period (Year)				4 years
Contract with Customer, Liability	$ 443,000	$ 443,000	$ 515,000
Advertising Expense		$ 340,000	$ 842,000
Debt Instrument, Face Amount					$ 2,200,000
Measurement Input, Default Rate [Member]
Debt Instrument, Measurement Input					0.18
Principal Upon Default [Member]
Debt Instrument, Measurement Input					0.30
Measurement Input, Discount Rate [Member]
Debt Instrument, Measurement Input					0.1518
Measurement Input, Likelihood of Default [Member]
Debt Instrument, Measurement Input					0.50
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)				3 years
Debt Instrument, Interest Rate, Stated Percentage					10%
Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage					12%
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	18

Note A - The Company and Summ_4

Note A - The Company and Summary of Significant Accounting Policies - Summary of Accounts Receivable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Accounts receivable	$ 2,207,311	$ 2,096,569
Allowance for doubtful accounts	(1,005,785)	(573,785)
Accounts receivable, net	1,201,526	1,522,784	$ 1,499,218	$ 2,078,785	$ 2,462,203
Balance	573,785	213,785
Charged to costs and expenses	750,000	360,000
Deductions from reserves	(318,000)	0
Balance	$ 1,005,785	$ 573,785

Note A - The Company and Summ_5

Note A - The Company and Summary of Significant Accounting Policies - Estimated Useful Lives for Depreciation and Amortization (Details)	Dec. 31, 2021
Equipment [Member] | Minimum [Member]
Property, Plant, and Equipment (Year)	3 years
Equipment [Member] | Maximum [Member]
Property, Plant, and Equipment (Year)	5 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant, and Equipment (Year)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant, and Equipment (Year)	5 years
Software Development [Member]
Property, Plant, and Equipment (Year)	3 years

Note A - The Company and Summ_6

Note A - The Company and Summary of Significant Accounting Policies - Share-based Compensation Expenses for Continuing Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based compensation expense	$ 265,732	$ 387,907
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	209,134	310,017
Research and Development Expense [Member]
Share-based compensation expense	$ 56,598	$ 77,890

Note A - The Company and Summ_7

Note A - The Company and Summary of Significant Accounting Policies - Changes in Fair Value Measurements for the Convertible Notes (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Beginning balance	$ 2,596,203
Purchases and issuances	(2,200,000)
Day one change in value of hybrid instrument	(396,203)
Ending balance	$ 0

Note B - Revenue From Contrac_3

Note B - Revenue From Contracts With Customers (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Contract with Customer, Liability, Revenue Recognized	$ 467,000	$ 489,000
Contract with Customer, Liability	$ 443,000	$ 515,000

Note B - Revenue From Contrac_4

Note B - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($)		3 Months Ended			6 Months Ended	9 Months Ended	12 Months Ended
		Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Revenues		$ 1,817,108	$ 1,928,929	$ 2,183,767	$ 4,112,696	$ 5,929,804	$ 7,754,905	$ 7,020,258
North America [Member]
Revenues							3,236,098	3,549,156
South America [Member]
Revenues							654,446	626,300
EMESA [Member]
Revenues	[1]						3,796,524	2,580,295
Asia [Member]
Revenues							67,837	264,507
License [Member]
Revenues		$ 950,015	$ 1,235,771	$ 1,578,556	$ 2,814,327	$ 3,764,341	4,342,010	4,584,052
License [Member] | North America [Member]
Revenues							1,971,348	1,856,814
License [Member] | South America [Member]
Revenues							552,630	517,161
License [Member] | EMESA [Member]
Revenues	[1]						1,801,381	2,124,088
License [Member] | Asia [Member]
Revenues							16,651	85,989
Hardware [Member]
Revenues							1,194,010	646,486
Hardware [Member] | North America [Member]
Revenues							147,815	422,275
Hardware [Member] | South America [Member]
Revenues							0	25,833
Hardware [Member] | EMESA [Member]
Revenues	[1]						1,013,295	19,914
Hardware [Member] | Asia [Member]
Revenues							32,900	178,464
Service [Member]
Revenues							2,218,885	1,789,720
Service [Member] | North America [Member]
Revenues							1,116,935	1,270,067
Service [Member] | South America [Member]
Revenues							101,816	83,306
Service [Member] | EMESA [Member]
Revenues							981,848	436,293
Service [Member] | Asia [Member]
Revenues							$ 18,286	$ 54
[1]EMESA – Europe, Middle East, South America

Note C - Swivel Secure Europe_3

Note C - Swivel Secure Europe, SA Acquisition (Details Textual) - USD ($)		12 Months Ended		48 Months Ended
	Mar. 08, 2022	Dec. 31, 2023	Dec. 31, 2022	Apr. 30, 2026	Dec. 31, 2021
Payments to Acquire Businesses, Gross		$ 0	$ 623,578
Share Price (in dollars per share)		$ 3	$ 10.62		$ 39.78
Government Loan [Member] | BBVA Bank [Member] | Forecast [Member]
Debt Instrument, Interest Rate, Stated Percentage				1.75%
Debt Instrument, Periodic Payment, Principal				$ 11,900
Swivel Secure Europe [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100%
Business Combination, Base Purchase Price	$ 1,750,000
Business Combination, Contingent Consideration, Liability	500,000
Business Combination, Contingent Consideration Earnout Payable, Revenue to Trigger Payment	3,000,000
Business Combination, Contingent Consideration Earnout Payable, Operating Profit to Trigger Payment	1,000,000
Payments to Acquire Businesses, Gross	$ 1,270,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	14,948
Business Combination, Indemnification Assets, Shares as of Acquisition Date (in shares)	4,983
Share Price (in dollars per share)	$ 2.23
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			$ 500,000

Note C - Swivel Secure Europe_4

Note C - Swivel Secure Europe, SA Acquisition (Details) - Swivel Secure Europe [Member]	12 Months Ended
	Dec. 31, 2023 USD ($)
Total cash paid, including working capital adjustment	$ 1,273,483
Earnout payable	500,000
Cash and cash equivalents	729,905
Accounts receivable	702,886
Equipment acquired	65,640
Other assets	20,708
Intangible assets	762,860
Goodwill	1,258,087
Total estimated assets acquired	3,540,086
Accounts payable and accrued expenses	431,884
Government loan	544,000
Deferred tax liability	190,715
Total liabilities assumed	1,166,599
Total estimated fair value of assets acquired and liabilities assumed	2,373,487
Restricted [Member]
Common stock issued	600,004
Total purchase price consideration	$ 2,373,487

Note C - Swivel Secure Europe_5

Note C - Swivel Secure Europe, SA Acquisition - Fair Values and Useful lives of Identifiable Intangible Assets (Details) - Swivel Secure Europe [Member]	Mar. 08, 2022 USD ($)
Customer relationships	$ 762,860
Customer Relationships [Member]
Customer relationships	$ 762,860
Customer relationships (Year)	7 years

Note E - Concentration of Risk

Note E - Concentration of Risk (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Cash, Uninsured Amount	$ 0	$ 2,000,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk, Number of Major Customers	3
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Three Customers [Member]
Concentration Risk, Percentage	34%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk, Number of Major Customers	3	1
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Customers [Member]
Concentration Risk, Percentage	66%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk, Percentage		35%

Note F - Note Receivable (Detai

Note F - Note Receivable (Details Textual) - USD ($)				9 Months Ended
	Feb. 06, 2024	Jul. 06, 2022	Feb. 25, 2022	Sep. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2020
Financing Receivable, after Allowance for Credit Loss, Current, Total					$ 0	$ 0	$ 295,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)				5%
Accounts Receivable, Allowance for Credit Loss						$ 186,000
Notes Receivable, Periodic Payment		$ 15,000	$ 1,000
Subsequent Event [Member]
Notes Receivable, Periodic Payment	$ 2,000

Note F - Note Receivable - Summ

Note F - Note Receivable - Summary of Note Receivable (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2020
Note receivable	$ 0	$ 195,000
Repayment of note	0	(9,000)
Allowance for doubtful account	0	(186,000)
Note receivable, net of allowance	0	0
Current portion, net of allowance	0	0	$ 295,000
Noncurrent portion, net of allowance	$ 0	$ 0

Note G - Inventory - Components

Note G - Inventory - Components of Inventory (Details) - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Finished goods	$ 4,373,056				$ 4,764,643
Fabricated assemblies	59,184				69,726
Reserve on finished goods	(3,986,500)				(400,000)
Total inventory	$ 445,740	$ 1,789,213	$ 2,884,098	$ 3,927,815	$ 4,434,369

Note H - Resalable Software L_2

Note H - Resalable Software Licenses Rights (Details Textual) - USD ($)		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2017
Cumulative Amount of Amortization Expense, Net of Credits		$ 141,190
Software License Rights		$ 0	$ 0
Software License Rights [Member]
Payments to Acquire Software	$ 180,000
Finite-Lived Intangible Asset, Useful Life (Year)				10 years
The 2015 Software License [Member]
Software License Rights			$ 48,752

Note I - Investment in Debt S_2

Note I - Investment in Debt Security (Details Textual) - Debt Security, Corporate, Non-US [Member]	Jun. 30, 2020 USD ($)	Dec. 31, 2019 HKD ($)
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Current	$ 512,821	$ 4,000,000
Investment in Held-to-maturity Debt Securities, Interest Rate		5%

Note J - Equipment and Leaseh_3

Note J - Equipment and Leasehold Improvements (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation, Depletion and Amortization, Nonproduction	$ 75,136	$ 43,794

Note J - Equipment and Leaseh_4

Note J - Equipment and Leasehold Improvements - Summary of Equipment and Leasehold Improvements (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, plant, and equipment, gross	$ 1,322,982	$ 1,135,082
Less accumulated depreciation and amortization	(1,102,805)	(1,027,669)
Total	220,177	107,413
Equipment [Member]
Property, plant, and equipment, gross	1,012,958	825,058
Furniture and Fixtures [Member]
Property, plant, and equipment, gross	225,978	225,978
Software Development [Member]
Property, plant, and equipment, gross	49,143	49,143
Leasehold Improvements [Member]
Property, plant, and equipment, gross	$ 34,903	$ 34,903

Note K - Intangible Assets An_3

Note K - Intangible Assets And Goodwill (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Amortization of Intangible Assets	$ 354,558	$ 298,113
Research, Development, and Engineering Expense [Member]
Amortization of Intangible Assets	$ 355,000	$ 298,000

Note K - Intangible Assets - Su

Note K - Intangible Assets - Summary of Intangible Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Gross carrying amount	$ 2,607,940	$ 2,607,940
Less accumulated amortization	(1,199,950)	(845,115)
Net carrying amount, total	1,407,990	1,762,825
Trade Names [Member]
Gross carrying amount	130,000	130,000
Proprietary Software [Member]
Gross carrying amount	420,000	420,000
Customer Relationships [Member]
Gross carrying amount	1,692,860	1,692,860
Patents [Member]
Gross carrying amount	$ 365,080	$ 365,080

Note K - Intangible Assets an_4

Note K - Intangible Assets and Goodwill - Amortization Expense (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
2027, Amortization Expense	$ 223,000
2028, Amortization Expense	141,000
Total, Amortization Expense	1,407,990	$ 1,762,825
Licensing Agreements [Member]
2024, Amortization Expense	311,000
2025, Amortization Expense	267,000
2026, Amortization Expense	224,000
Thereafter, Amortization Expense	241,990
Total, Amortization Expense	$ 1,407,990

Note L - Accrued Liabilities -

Note L - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Compensation	$ 326,007	$ 377,958
Compensated absences	327,252	378,874
Accrued legal and accounting fees	264,976	110,008
Taxes	152,986	7,000
Employee expenses reimbursement	124,209	114,209
Sales tax payable	19,282	17,594
Other	91,136	3,480
Total	$ 1,305,848	$ 1,009,123

Note M - Convertible Note Pay_2

Note M - Convertible Note Payable (Details Textual) - USD ($)	Dec. 21, 2023	Oct. 31, 2023	Dec. 22, 2022	Sep. 30, 2023
Debt Instrument, Face Amount			$ 2,200,000
Warrants Issued in Connection with Convertible Notes [Member]
Class of Warrant or Right, Issued During Period (in shares)			11,112
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)			$ 54
Warrants and Rights Outstanding			$ 94,316
The Note [Member]
Repayments of Notes Payable	$ 800,000	$ 1,400,000
The Note [Member] | Senior Secured Promissory Note [Member]
Debt Instrument, Face Amount			2,200,000
Proceeds from Debt, Net of Issuance Costs			$ 2,002,000
Debt Instrument, Interest Rate, Stated Percentage			10%	12%
The Note [Member] | Senior Secured Convertible Note [Member]
Stock Issued During Period, Shares, Commitment Fees (in shares)			38,889
Shares Issued, Price Per Share (in dollars per share)			$ 18

Note N - Leases - Operating Lea

Note N - Leases - Operating Lease Balance Sheet Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating lease cost	$ 166,161	$ 254,649
Total lease cost	166,161	254,649
Operating lease right-of-use assets	36,905	197,355
Operating lease liabilities, current portion	37,829	159,665
Operating lease liabilities, non-current portion	0	$ 37,829
Total operating lease liabilities	$ 37,829
Weighted average remaining lease term (in years) – operating leases (Year)	8 months 1 day	11 months 15 days
Weighted average discount rate – operating leases	5.50%	5.50%
Cash paid for amounts included in the measurement of operating lease liabilities	$ 213,783	$ 259,558
2024, Operating Lease Liabilities	38,808
2025, Operating Lease Liabilities	0
Total future lease payments	38,808
Less: imputed interest	(979)
Total	37,829
Approximation [Member]
Operating lease right-of-use assets	36,905	197,355
Total operating lease liabilities	37,829	197,494
Total	$ 37,829	$ 197,494

Note P - Equity (Details Textua

Note P - Equity (Details Textual) - USD ($)			12 Months Ended
	Mar. 08, 2022	Jun. 18, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Preferred Stock, Shares Authorized (in shares)					5,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)					$ 1
Stock Issued During Period, Value, Acquisitions				$ 600,003
Share-Based Payment Arrangement, Expense			$ 265,732	387,907
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture			$ 39,007	$ 76,043
Share Price (in dollars per share)			$ 3	$ 10.62	$ 39.78
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)			9,266
Director [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)			3,078	2,202
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture			$ 39,007	$ 76,043
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense			$ 205,517	$ 218,552
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)			16,404	15,444
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited (in shares)			3,752	583
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			3 years
In The Money Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)			0	0	0
Employee Stock Purchase Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)		43,834
Share-Based Compensation Arrangement by Share-Based Payment Award, Purchase Price of Common Stock, Percent		85%
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares)			2,947	3,364
Swivel Secure Europe [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	14,948
Business Combination, Indemnification Assets, Shares as of Acquisition Date (in shares)	4,983
Stock Issued During Period, Value, Acquisitions	$ 600,004
Business Acquisition, Share Price (in dollars per share)	$ 40.14
Share-Based Payment Arrangement, Expense			$ 4,343	$ 18,787
Share Price (in dollars per share)	$ 2.23

Note P - Equity - Valuation Ass

Note P - Equity - Valuation Assumptions for Warrants (Details) - Referral Fee Warrants [Member]	Dec. 31, 2023	Dec. 31, 2022
Measurement Input, Risk Free Interest Rate [Member]
Warrant measurement input	0.0463	0.037
Measurement Input, Exercise Price [Member]
Warrant measurement input	3.15	3
Measurement Input, Expected Term [Member]
Warrant measurement input	5	5
Measurement Input, Price Volatility [Member]
Warrant measurement input	8.17	1.086

Note P - Equity - Summary of Wa

Note P - Equity - Summary of Warrant Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Outstanding, warrants (in shares)	270,672	260,525
Outstanding, weighted average exercise price, warrants (in dollars per share)	$ 104.95	$ 106.42
Outstanding, weighted average remaining contractual life, warrants (Year)	4 years 4 months 13 days	2 years 7 months 2 days	3 years 5 months 23 days
Granted, warrants (in shares)	2,534,148	11,112
Granted, weighted average exercise price, warrants (in dollars per share)	$ 3.15	$ 54
Exercised, warrants (in shares)	177,890	0
Exercised, weighted average exercise price, warrants (in dollars per share)	$ 0.0018	$ 0
Forfeited, warrants (in shares)	0	0
Forfeited, weighted average exercise price, warrants (in dollars per share)	$ 0	$ 0
Expired, warrants (in shares)	(438)	(965)
Expired, weighted average exercise price, warrants (in dollars per share)	$ 0	$ 518.4
Granted (in dollars per share)	$ 3.15	$ 54
Exercised, warrants (in shares)	(177,890)	0
Exercised (in dollars per share)	$ 0.0018	$ 0
Outstanding, warrants (in shares)	2,626,492	270,672	260,525
Outstanding, weighted average exercise price, warrants (in dollars per share)	$ 19.09	$ 104.95	$ 106.42

Note Q - Stock Options (Details

Note Q - Stock Options (Details Textual) - USD ($)			12 Months Ended
	Dec. 14, 2023	Jan. 27, 2016	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)			11 months 15 days	2 years 25 days	3 years 10 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			0	0
Share Price (in dollars per share)			$ 3	$ 10.62	$ 39.78
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)			9,266
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 0	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value			$ 0	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)			0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value			$ 18,310	$ 100,668
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount			$ 0
In The Money Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)			0	0	0
The 2023 Stock Incentive Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	333,334
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			0
The 2023 Stock Incentive Plan [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Purchase Price of Common Stock, Percent	100%
The 2023 Stock Incentive Plan [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Purchase Price of Common Stock, Percent	110%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	10 years
The 2015 Equity Incentive Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)		10,417
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			0	0
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)			0	0
The 2015 Equity Incentive Plan [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Purchase Price of Common Stock, Percent					100%
The 2015 Equity Incentive Plan [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Purchase Price of Common Stock, Percent					110%
The Amended 2015 Equity Incentive Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)		10,417			43,834

Note Q - Stock Options - Option

Note Q - Stock Options - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Outstanding (in shares)	11,313	11,843
Outstanding, weighted average exercise price (in dollars per share)	$ 299.07	$ 299.61
Outstanding, weighted average remaining life (Year)	11 months 15 days	2 years 25 days	3 years 10 days
Outstanding, aggregate intrinsic value	$ 0	$ 0	$ 0
Granted (in shares)	0	0
Granted, weighted average exercise price (in dollars per share)	$ 0	$ 0
Exercised (in shares)	0	0
Exercised, weighted average exercise price (in dollars per share)	$ 0	$ 0
Forfeited (in shares)	(151)	0
Forfeited, weighted average exercise price (in dollars per share)	$ 94.44	$ 0
Expired (in shares)	(1,896)	(530)
Expired, weighted average exercise price (in dollars per share)	$ 256.3	$ 311.11
Outstanding (in shares)	9,266	11,313	11,843
Outstanding, weighted average exercise price (in dollars per share)	$ 311.16	$ 299.07	$ 299.61
Vested or expected to vest (in shares)	9,266
Vested or expected to vest, weighted average exercise price (in dollars per share)	$ 311.16
Vested or expected to vest, weighted average remaining life (Year)	11 months 15 days
Vested or expected to vest, aggregate intrinsic value	$ 0
Exercisable (in shares)	9,266
Exercisable, weighted average exercise price (in dollars per share)	$ 311.16
Exercisable, weighted average remaining life (Year)	11 months 15 days
Exercisable, aggregate intrinsic value	$ 0
The 2015 Equity Incentive Plan [Member]
Outstanding (in shares)	5,072	5,072
Granted (in shares)	0	0
Exercised (in shares)	0	0
Forfeited (in shares)	(151)	0
Expired (in shares)	(1,548)	0
Outstanding (in shares)	3.373	5,072	5,072
Non Plan [Member]
Outstanding (in shares)	6,241	6,771
Granted (in shares)	0	0
Exercised (in shares)	0	0
Forfeited (in shares)	0	0
Expired (in shares)	(348)	(530)
Outstanding (in shares)	5,893	6,241	6,771

Note Q - Stock Options - Opti_2

Note Q - Stock Options - Options Outstanding and Exercisable (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Exercise Price Range 1 [Member]
Exercise Price Lower Limit (in dollars per share)	$ 2,205
Exercise Price Upper Limit (in dollars per share)	$ 136.65
Number of Shares, Outstanding (in shares) | shares	2.85
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 2,205
Weighted Average Remaining Life, Outstanding (Year)	136 years 7 months 24 days
Exercise Price Range 2 [Member]
Exercise Price Lower Limit (in dollars per share)	$ 7,061
Exercise Price Upper Limit (in dollars per share)	$ 365.66
Number of Shares, Outstanding (in shares) | shares	0.38
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 7,061
Weighted Average Remaining Life, Outstanding (Year)	365 years 7 months 28 days
Exercise Price Range 3 [Member]
Exercise Price Lower Limit (in dollars per share)	$ 9,266
Exercise Price Upper Limit (in dollars per share)	$ 504
Number of Shares, Outstanding (in shares) | shares

Note R - Income Taxes (Details

Note R - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets, Valuation Allowance	$ 17,214,690	$ 17,188,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0	0
Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards	60,300,000
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	39,700,000
Operating Loss Carryforwards, Not Subject to Expiration	$ 18,600,000
Open Tax Year	2019 2020 2021 2022
State and Local Jurisdiction [Member] | Internal Revenue Service (IRS) [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 5,300,000
Approximation [Member]
Deferred Tax Assets, Valuation Allowance	$ 17,239,173	$ 17,188,000

Note R - Income Taxes - Compone

Note R - Income Taxes - Components of Net Loss (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Net loss	$ (1,838,013)	$ (2,479,878)	$ (1,688,322)	$ (4,311,200)	$ (6,149,023)	$ (8,521,837)	$ (11,909,903)
UNITED STATES
Net loss						(7,279,970)	(10,416,593)
HONG KONG
Net loss						(627,146)	(458,839)
NIGERIA
Net loss						(203,700)	(143,499)
SPAIN
Net loss						$ (411,021)	$ (890,972)

Note R - Income Taxes - Provisi

Note R - Income Taxes - Provision for Income Tax Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred- Federal		$ 1,175,000
States		122,000
Foreign	$ (175,000)	(20,434)
Total	(134,014)	1,276,566
Change in valuation allowance		(1,297,000)
Provision for income tax expense (benefit)	(134,014)	(20,434)
Domestic Tax Jurisdiction [Member]
Current Income Tax Expense (Benefit)	0	$ 0
Foreign Tax Jurisdiction [Member]
foreign	$ 40,986

Note R - Income Taxes - Compo_2

Note R - Income Taxes - Components of Deferred Taxes (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accrued compensation	$ 112,201	$ 113,000
Allowance for doubtful accounts	90,405	169,000
Research and development expenses	1,017,551	633,000
Capital loss carry forward	114,251	114,000
Stock-based compensation	32,408	456,000
Equipment and leasehold improvements	(12,353)	(19,000)
Reserve - Foreign	150,000	0
Inventory reserve	828,668	89,000
Interest expense	0	44,000
Operating lease liabilities	0	44,000
Other	1,000	0
Tax credits	1,748,235	0
Operating lease right-of-use assets, asset	206
Operating lease right-of-use assets, liability		(44,000)
Net operating loss and research and credit carryforwards	13,277,118	15,248,000
Valuation allowance	(17,214,690)	(17,188,000)
Net deferred tax liability	0	(170,000)
Domestic Tax Jurisdiction [Member]
Intangible assets - US	0	341,000
Foreign Tax Jurisdiction [Member]
Deferred Tax Liability, Intangible Assets	$ (145,000)	$ (170,000)

Note R - Income Taxes - Reconci

Note R - Income Taxes - Reconciliation of the Effective Income Tax Rate to US Federal Statutory Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal statutory income tax rate	21%	21%
State taxes, net of federal benefit	(1.41%)	0.90%
Permanent differences	1.97%	(4.70%)
Expiration of net operating loss and research credit carryforwards	(7.84%)	(5.70%)
Expiration and forfeiture of stock options	0%	(0.30%)
foreign rate differential	(5.84%)
rate change	(1.05%)
Other	(9.08%)	0.50%
Valuation allowance	(0.24%)	(10.90%)
Effective tax rate	(2.50%)	(0.20%)

Note S (Details Textual)

Note S (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0	$ 0

Note T - Earnings Per Share (_3

Note T - Earnings Per Share (EPS) - Securities Excluded From the Diluted Per Share Calculation (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Antidilutive securities (in shares)	1,913,566	0
Exercise Price Greater Than Average Market Price Of Common Shares [Member]
Antidilutive securities (in shares)	279,500	281,985
Share-Based Payment Arrangement, Option [Member]
Antidilutive securities (in shares)	0	0
Share-Based Payment Arrangement, Option [Member] | Exercise Price Greater Than Average Market Price Of Common Shares [Member]
Antidilutive securities (in shares)	9,266	11,313
Warrant [Member]
Antidilutive securities (in shares)	1,913,566	0
Warrant [Member] | Exercise Price Greater Than Average Market Price Of Common Shares [Member]
Antidilutive securities (in shares)	270,234	270,672

Note U - Quarterly Financial _3

Note U - Quarterly Financial Data (Unaudited and Restated) - Restated Financial Statements (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts receivable, net	$ 1,499,218	$ 2,078,785	$ 2,462,203	$ 2,078,785	$ 1,499,218	$ 1,201,526	$ 1,522,784
Inventory	1,789,213	2,884,098	3,927,815	2,884,098	1,789,213	445,740	4,434,369
Total current assets	4,020,339	5,931,330	7,536,084	5,931,330	4,020,339	2,622,157	8,984,881
Accumulated deficit	(122,634,397)	(120,796,573)	(118,173,695)	(120,796,573)	(122,634,397)	(125,007,210)	(116,485,373)
Total Stockholders' Equity	(485,549)	1,245,091	3,756,755	1,245,091	(485,549)	1,063,565	5,301,556	$ 15,615,455
Total Liabilities and Stockholders' Equity	5,949,380	7,983,245	9,706,057	7,983,245	5,949,380	4,517,035	11,344,255
Revenues	1,817,108	1,928,929	2,183,767	4,112,696	5,929,804	7,754,905	7,020,258
Costs and other expenses	1,476,604	1,606,111	1,320,274	2,926,385	4,402,989	6,323,586	2,439,570
Gross profit	340,504	322,818	863,493	1,186,311	1,526,815	1,431,319	4,580,688
Selling, general and administrative	1,747,376	2,143,164	1,931,732	4,074,896	5,822,272	7,862,710	9,364,887
Total Operating Expenses	2,306,062	2,701,345	2,621,891	5,323,237	7,629,298	10,257,636	14,504,316
Operating loss	(1,965,558)	(2,378,527)	(1,758,398)	(4,136,926)	(6,102,483)	(8,826,317)	(9,923,628)
Loss before provision for income tax	(1,838,013)	(2,479,878)	(1,688,322)	(4,168,200)	(6,006,212)	(8,655,851)	(11,930,337)
Net loss	(1,838,013)	(2,479,878)	(1,688,322)	(4,311,200)	(6,149,023)	(8,521,837)	(11,909,903)
Comprehensive Net loss	(1,838,013)	(2,479,878)	(1,688,322)	(4,311,200)	(6,149,023)
Comprehensive loss	$ (1,802,649)	$ (2,459,994)	$ (1,616,176)	$ (4,219,170)	$ (6,021,629)	$ (8,256,414)	$ (12,152,505)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (3.22)	$ (4.45)	$ (3.04)	$ (7.74)	$ (10.79)	$ (15.21)	$ (27.26)
License [Member]
Revenues	$ 950,015	$ 1,235,771	$ 1,578,556	$ 2,814,327	$ 3,764,341	$ 4,342,010	$ 4,584,052
Costs and other expenses						1,174,919	906,417
Hardware Reserve [Member]
Costs and other expenses	1,000,000	1,000,000	500,000	1,500,000	2,500,000	$ 3,586,500	$ 400,000
Previously Reported [Member]
Accounts receivable, net	2,799,218	3,178,785	3,362,203	3,178,785	2,799,218
Inventory	4,289,213	4,384,098	4,427,815	4,384,098	4,289,213
Total current assets	7,820,339	8,531,330	8,936,084	8,531,330	7,820,339
Accumulated deficit	(118,834,397)	(118,196,573)	(116,773,695)	(118,196,573)	(118,834,397)
Total Stockholders' Equity	3,314,451	3,845,091	5,156,755	3,845,091	3,314,451
Total Liabilities and Stockholders' Equity	9,749,380	10,583,245	11,106,057	10,583,245	9,749,380
Revenues	1,817,108	1,928,929	3,083,767	5,012,696	6,829,804
Costs and other expenses	476,604	606,111	820,274	1,426,385	1,902,989
Gross profit	1,340,504	1,322,818	2,263,493	3,586,311	4,926,815
Selling, general and administrative	1,547,376	1,943,164	1,931,732	3,874,896	5,422,272
Total Operating Expenses	2,106,062	2,501,345	2,621,891	5,123,237	7,229,298
Operating loss	(765,558)	(1,178,527)	(358,398)	(1,536,926)	(2,302,483)
Loss before provision for income tax	(638,013)	(1,279,878)	(288,322)	(1,568,200)	(2,206,212)
Net loss	(637,824)	(1,422,878)	(288,322)	(1,711,200)	(2,349,023)
Comprehensive Net loss	(637,824)	(1,422,878)	(288,322)	(1,711,200)	(2,349,023)
Comprehensive loss	$ (602,460)	$ (1,402,994)	$ (216,176)	$ (1,619,170)	$ (2,221,629)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (1.12)	$ (2.56)	$ (0.52)	$ (3.07)	$ (4.12)
Previously Reported [Member] | License [Member]
Revenues	$ 950,015	$ 1,235,771	$ 2,478,556	$ 3,714,327	$ 4,664,341
Previously Reported [Member] | Hardware Reserve [Member]
Costs and other expenses	0	0	0	0	0
Revision of Prior Period, Adjustment [Member]
Accounts receivable, net	(1,300,000)	(1,100,000)	(900,000)	(1,100,000)	(1,300,000)
Inventory	(2,500,000)	(1,500,000)	(500,000)	(1,500,000)	(2,500,000)
Total current assets	(3,800,000)	(2,600,000)	(1,400,000)	(2,600,000)	(3,800,000)
Accumulated deficit	(3,800,000)	(2,600,000)	(1,400,000)	(2,600,000)	(3,800,000)
Total Stockholders' Equity	(3,800,000)	(2,600,000)	(1,400,000)	(2,600,000)	(3,800,000)
Total Liabilities and Stockholders' Equity	(3,800,000)	(2,600,000)	(1,400,000)	(2,600,000)	(3,800,000)
Revenues	0	0	(900,000)	(900,000)	(900,000)
Costs and other expenses	1,000,000	1,000,000	500,000	1,500,000	2,500,000
Gross profit	(1,000,000)	(1,000,000)	(1,400,000)	(2,400,000)	(3,400,000)
Selling, general and administrative	200,000	200,000	0	200,000	400,000
Total Operating Expenses	200,000	200,000	0	200,000	400,000
Operating loss	(1,200,000)	(1,200,000)	(1,400,000)	(2,600,000)	(3,800,000)
Loss before provision for income tax	(1,200,000)	(1,200,000)	(1,400,000)	(2,600,000)	(3,800,000)
Net loss	(1,200,000)	(1,200,000)	(1,400,000)	(2,600,000)	(3,800,000)
Comprehensive Net loss	(1,200,000)	(1,200,000)	(1,400,000)	(2,600,000)	(3,800,000)
Comprehensive loss	$ (1,200,000)	$ (1,200,000)	$ (1,400,000)	$ (2,600,000)	$ (3,800,000)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (2.11)	$ (2.16)	$ (2.52)	$ (4.67)	$ (6.67)
Revision of Prior Period, Adjustment [Member] | License [Member]
Revenues	$ 0	$ 0	$ (900,000)	$ (900,000)	$ (900,000)
Revision of Prior Period, Adjustment [Member] | Hardware Reserve [Member]
Costs and other expenses	$ 1,000,000	$ 1,000,000	$ 500,000	$ 1,500,000	$ 2,500,000

Note V - Subsequent Events (Det

Note V - Subsequent Events (Details Textual) - USD ($)	May 06, 2024	Mar. 31, 2024	Mar. 27, 2024	Feb. 15, 2024	Jan. 12, 2024	Jan. 05, 2024	Jan. 04, 2024
Restricted Stock [Member] | Share-Based Payment Arrangement, Employee [Member] | Forecast [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, Forfeited (in shares)	186
Subsequent Event [Member]
Stock Issued During Period, Shares, Exercise of Warrants					$ 158,000	$ 142,000	$ 347,000
Subsequent Event [Member] | Common Stock [Member] | Stock Issued in Lieu of Board Fees [Member] | Director [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture (in shares)			4,287
Subsequent Event [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Employee [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, Forfeited (in shares)		73		243