Table Trac (TBTC) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 10, 2022
Document Information [Line Items]
Entity Central Index Key	0001090396
Entity Registrant Name	Table Trac INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-32987
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	88-0336568
Entity Address, Address Line One	6101 Baker Road, Suite 206
Entity Address, City or Town	Minnetonka
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55345
City Area Code	952
Local Phone Number	548-8877
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,621,988

Condensed Balance Sheets (Curre

Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 4,673,958	$ 4,945,913
Accounts receivable, net of allowance for doubtful accounts of $56,786 and $61,376 at September 30, 2022 and December 31, 2021, respectively.	1,799,184	1,017,533
Inventory, net	1,780,571	1,582,358
Prepaid expenses	410,859	799,524
Net investment in sales type leases - current	41,176	39,369
Income tax receivable	82,627	0
TOTAL CURRENT ASSETS	8,788,375	8,384,697
LONG-TERM ASSETS
Accounts receivable - Long-term	869,819	288,665
Property and equipment, net	0	7,879
Net investment in sales type leases - long term	106,226	137,337
Deferred tax asset	0	9,000
Operating lease right-of-use assets	172,201	174,096
TOTAL LONG-TERM ASSETS	1,148,246	616,977
TOTAL ASSETS	9,936,621	9,001,674
CURRENT LIABILITIES
Accounts payable and accrued expenses	371,794	258,764
Payroll liabilities	24,468	26,370
Customer deposits	1,266,878	1,576,000
Current portion of operating lease liabilities	55,688	51,046
Accrued income taxes	0	438,022
TOTAL CURRENT LIABILITIES	1,718,828	2,350,202
LONG-TERM LIABILITIES
Operating lease liabilities	113,770	124,114
Deferred tax liability	191,000	0
TOTAL LIABILITIES	2,023,598	2,474,316
STOCKHOLDERS’ EQUITY
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,756,734 and 4,656,734 shares issued at September 30, 2022 and December 31, 2021, respectively; and 4,621,988 and 4,521,988 shares outstanding at September 30, 2022 and December 31, 2021, respectively.	4,622	4,522
Additional paid-in capital	2,064,060	1,988,137
Retained earnings	6,077,940	4,768,298
Stockholders' Equity before Treasury Stock	8,146,622	6,760,957
Treasury stock, 134,746 shares (at cost) at September 30, 2022 and December 31, 2021.	(233,599)	(233,599)
TOTAL STOCKHOLDERS’ EQUITY	7,913,023	6,527,358
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 9,936,621	$ 9,001,674

Condensed Balance Sheets (Cur_2

Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Allowance for doubtful accounts	$ 56,786	$ 61,376
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	4,756,734	4,656,734
Common stock, shares outstanding (in shares)	4,621,988	4,521,988
Treasury stock, shares (in shares)	134,746	134,746

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues	$ 2,301,329	$ 1,449,881	$ 8,112,167	$ 5,073,900
Cost of sales	865,684	407,174	3,129,197	1,201,035
Gross profit	1,435,645	1,042,707	4,982,970	3,872,865
Operating expenses:
Selling, general and administrative	1,093,530	753,980	3,313,336	2,638,547
Income from operations	342,115	288,727	1,669,634	1,234,318
Other income (loss)	0	(57,000)	10,611	(57,000)
Interest income	26,511	11,584	82,897	71,635
Income before taxes	368,626	243,311	1,763,142	1,248,953
Income tax expense	78,500	56,500	453,500	292,500
Net income	$ 290,126	$ 186,811	$ 1,309,642	$ 956,453
Net income per share - basic (in dollars per share)	$ 0.06	$ 0.04	$ 0.29	$ 0.21
Net income per share - diluted (in dollars per share)	$ 0.06	$ 0.04	$ 0.29	$ 0.21
Weighted-average shares outstanding - basic (in shares)	4,521,988	4,511,988	4,521,988	4,508,258
Weighted-average shares outstanding - diluted (in shares)	4,566,679	4,526,115	4,560,604	4,522,694

Condensed Statements of Stockho

Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
BALANCE (in shares) at Dec. 31, 2020	4,506,788
BALANCE at Dec. 31, 2020	$ 4,507	$ 1,876,970	$ 3,057,647	$ (245,631)	$ 4,693,493
Stock compensation expense	$ 0	13,006	0	0	13,006
Common stock issued to non-employee, employees and board member from treasury (in shares)	15,200
Common stock issued to non-employee, employees and board member from treasury	$ 15	(12,047)	0	12,032	0
Net income (loss)	$ 0	0	616,007	0	616,007
BALANCE (in shares) at Mar. 31, 2021	4,521,988
BALANCE at Mar. 31, 2021	$ 4,522	1,877,929	3,673,654	(233,599)	5,322,506
BALANCE (in shares) at Dec. 31, 2020	4,506,788
BALANCE at Dec. 31, 2020	$ 4,507	1,876,970	3,057,647	(245,631)	4,693,493
Net income (loss)					956,453
BALANCE (in shares) at Sep. 30, 2021	4,521,988
BALANCE at Sep. 30, 2021	$ 4,522	1,944,167	4,014,100	(233,599)	5,729,190
BALANCE (in shares) at Mar. 31, 2021	4,521,988
BALANCE at Mar. 31, 2021	$ 4,522	1,877,929	3,673,654	(233,599)	5,322,506
Stock compensation expense	0	45,187	0	0	45,187
Net income (loss)	$ 0	0	153,635	0	153,635
BALANCE (in shares) at Jun. 30, 2021	4,521,988
BALANCE at Jun. 30, 2021	$ 4,522	1,923,116	3,827,289	(233,599)	5,521,328
Stock compensation expense	0	21,051	0	0	21,051
Net income (loss)	$ 0	0	186,811	0	186,811
BALANCE (in shares) at Sep. 30, 2021	4,521,988
BALANCE at Sep. 30, 2021	$ 4,522	1,944,167	4,014,100	(233,599)	5,729,190
BALANCE (in shares) at Dec. 31, 2021	4,521,988
BALANCE at Dec. 31, 2021	$ 4,522	1,988,137	4,768,298	(233,599)	6,527,358
Stock compensation expense	100	13,607	0	0	13,707
Net income (loss)	$ 0	0	1,261,840	0	1,261,840
Stock compensation expense (in shares)	100,000
BALANCE (in shares) at Mar. 31, 2022	4,621,988
BALANCE at Mar. 31, 2022	$ 4,622	2,001,744	6,030,138	(233,599)	7,802,905
BALANCE (in shares) at Dec. 31, 2021	4,521,988
BALANCE at Dec. 31, 2021	$ 4,522	1,988,137	4,768,298	(233,599)	6,527,358
Net income (loss)					1,309,642
BALANCE (in shares) at Sep. 30, 2022	4,621,988
BALANCE at Sep. 30, 2022	$ 4,622	2,064,060	6,077,940	(233,599)	7,913,023
BALANCE (in shares) at Mar. 31, 2022	4,621,988
BALANCE at Mar. 31, 2022	$ 4,622	2,001,744	6,030,138	(233,599)	7,802,905
Stock compensation expense	0	31,158	0	0	31,158
Net income (loss)	$ 0	0	(242,324)	0	(242,324)
BALANCE (in shares) at Jun. 30, 2022	4,621,988
BALANCE at Jun. 30, 2022	$ 4,622	2,032,902	5,787,814	(233,599)	7,591,739
Stock compensation expense	0	31,158	0	0	31,158
Net income (loss)	$ 0	0	290,126	0	290,126
BALANCE (in shares) at Sep. 30, 2022	4,621,988
BALANCE at Sep. 30, 2022	$ 4,622	$ 2,064,060	$ 6,077,940	$ (233,599)	$ 7,913,023

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
OPERATING ACTIVITIES
Net income	$ 1,309,642	$ 956,453
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	7,879	20,012
Deferred income taxes	200,000	(222,000)
Stock compensation expense	76,023	79,244
Loss on Investment	0	57,000
Changes in operating assets and liabilities:
Accounts receivable	(1,362,805)	(277,353)
Inventory	(198,213)	141,317
Prepaid expenses	388,665	123,465
Net investment in sales type leases	29,304	(189,314)
Accounts payable, accrued expenses and other	109,223	184,829
Payroll liabilities	(1,902)	2,379
Customer deposits	(309,122)	844,141
Income tax receivable (accrued income taxes)	(520,649)	491,795
Net cash provided by (used in) operating activities	(271,955)	2,211,968
INVESTING ACTIVITIES
Purchase of investment	0	(57,000)
Net cash used in investing activities	0	(57,000)
FINANCING ACTIVITIES
Proceeds from Paycheck Protection Program loan	0	473,400
Net cash provided by financing activities	0	473,400
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(271,955)	2,628,368
CASH AND CASH EQUIVALENTS
Beginning of period	4,945,913	1,731,869
End of period	4,673,958	4,360,237
Non-cash investing and financing activities:
Treasury stock cost related to compensation	0	12,047
Supplemental cash flow information:
Operating cash outflow for operating leases	$ 48,237	$ 44,437

Note 1 - Nature of Business and

Note 1 - Nature of Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. Nature of Business and Summary of Significant Accounting Policies – Basis of Presentation The accompanying unaudited condensed financial statements of Table Trac, Inc. (the “Company,” or “Table Trac”) have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10 10 X. September 30, 2022 three nine September 30, 2022 2021 nine September 30, 2022 2021 The accompanying financial statements should be read in conjunction with the financial statements and notes included in the Table Trac, Inc. Annual Report on Form 10 December 31, 2021 Nature of Business Table Trac was formed under the laws of the State of Nevada in June 1995. Table Trac provides system sales and technical support to casinos. System sales include installation, custom casino system configurations, and training. In addition, license and technical support are provided under separate license and service contracts. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company’s use of estimates and assumptions include: for revenue recognition, the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (“SSP”) of performance obligations, determining collectability, and other obligations, realizability of accounts receivable, the valuation of investments, the valuation of deferred tax assets and liabilities, and inventory valuation. Actual results could differ from those estimates, and the difference could be significant. For further information about our critical accounting estimates, see the discussion in Item 7, 10 December 31, 2021. There were no nine September 30, 2022 The Company’s significant accounting policies are described in Note 1 10 December 31, 2021 Concentrations of Risk The Company maintains its cash balances at two $250,000. three Stock-Based Compensation The Company's stock-based compensation consists of stock options and restricted stock issued to certain company employees. The Company measures and recognizes compensation expense for all stock-based payment awards made to employees, directors and non-employees. The compensation expense for the Company’s stock-based payments is based on estimated fair values at the time of the grant. The Company estimates the fair value of restricted stock awards on the date of grant using the closing traded price on that date. The Company’s restricted stock awards are subject to vesting requirements and the corresponding compensation is recorded ratably over the service period. For stock options, the Company recognizes compensation expense based on an estimated grant date fair value using the Black-Scholes option-pricing model. The Company has elected to account for forfeitures as they occur and to use the simplified method to determine the expected life of stock options. Revenue The Company derives revenues from the sale or leasing of systems, license and maintenance fees, services, and rental agreements. System Sales Revenue is recognized upon transfer of control of promised products and services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We enter into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of any taxes collected, when applicable from customers, which are subsequently remitted to governmental authorities. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is a unit of account in ASC 606. Management’s assessment of collectability at both contract inception and on an ongoing basis resulted in the determination that some of our contracts did not not not Maintenance Revenue Maintenance revenue is recognized ratably over the contract period. The SSP for maintenance is based upon the renewal rate for contracted services. Lease Revenue The Company derives a portion of its revenue from a sales type leasing arrangement in accordance with ASC 842. Service Revenue and Other Revenue Service revenue is recognized upon completion of the services and is billed in arrears. The SSP for service revenue is established based upon actual selling prices for the services or prior similar arrangements. Other revenue includes DataTrac, kiosks and related promotional programs and miscellaneous sales of equipment. Revenue is recognized upon completion of services or delivery of equipment and is billed in arrears. The Company offers qualified customers a licensing agreement. Licensing revenue is recognized after the intellectual property (CMS system), the performance obligation, is delivered and in its operational and functional state. The SSP for licensing revenue is established based upon actual selling prices for the license. The following table summarizes disaggregated revenues by major product line for the three September 30, 2022 2021 Three Months Ended September 30, 2022 2021 2022 2021 (percent of revenues) System revenue $ 1,120,994 $ 491,696 48.7 % 33.9 % Maintenance revenue 882,861 779,364 38.4 % 53.8 % Lease revenue 0 0 0.0 % 0.0 % Service and other revenue 297,474 178,821 12.9 % 12.3 % Total revenues $ 2,301,329 $ 1,449,881 100.0 % 100.0 % The following table summarizes disaggregated revenues by major product line for the nine September 30, 2022 2021 Nine Months Ended September 30, 2022 2021 2022 2021 (percent of revenues) System revenue $ 4,781,261 $ 2,047,097 58.9 % 40.3 % Maintenance revenue 2,518,034 2,420,870 31.1 % 47.7 % Lease revenue 0 212,658 0.0 % 4.2 % Service and other revenue 812,872 393,275 10.0 % 7.8 % Total revenues $ 8,112,167 $ 5,073,900 100.0 % 100.0 % See Major Customers for disaggregated revenue information about primary geographical markets. Significant Judgments Contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may Judgment is required to determine the SSP for each distinct performance obligation, including lease and non-lease components. We use a single amount to estimate SSP when we sell a product or service separately. In instances where SSP is not not may one We recognize a contract asset when our performance under a contract precedes our receipt of consideration from a customer, or before payment is due, and our receipt of consideration is conditional upon factors other than the passage of time. A contract asset is recognized when we have an unconditional right to payment for our performance. Our contract asset consists of our in-process installations, for which we have an enforceable right to collect consideration (including a reasonable profit) in the event the services are cancelled by customers. As of September 30, 2022, The collectability assessment requires the company to use judgement and consider all relevant facts and circumstances. Management exercises judgment in its assessment of collectability of customer funds by considering payment history, current credit status, and available information about the financial condition of the customer, among other factors. As of September 30, 2022 December 31, 2021, not may During the nine September 30, 2022 , one 2020, not two not The collectability assessment requires the company to use judgement and consider all relevant facts and circumstances. We evaluate the interest rates in customer contracts with extended payment terms, representing a significant financing component. These rates range from approximately 1% to 6% and we believe those to be appropriate market interest rates for the financing component. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses. Fair value estimates are at a specific point in time, based on relevant market information about the financial instrument. These estimates are subjective in nature and matters of significant judgment and therefore cannot be determined with precision. The Company considers the carrying values of its financial instruments to approximate fair value due to their short-term nature. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three Accounts Receivable / Allowance for Doubtful Accounts Accounts receivable are initially recorded at the invoiced amount and carried on the balance sheet at net realizable value as of each balance sheet date. For receivables related to contracts that contain an interest rate, interest income is recorded upon receipt on the statements of operations. An allowance for doubtful accounts is recorded when the Company believes the amounts may not no may not not In March 2021, 2021 20, PPP) loan from qualifying for the Employee Retention Credit (“ERC”), which is a refundable tax credit against certain employment taxes. The Company determined that we have complied with all of the conditions required to receive the credit. Approximately $122,000 had been included in accounts receivable at December 31, 2021. three March 31, 2022. Major Customers The following table summarizes the Company's major customers' information for the nine September 30, 2022 2021 For the Nine Months ended September 30 2022 2021 % Revenues % AR % Revenues % AR Major 40.4 % 40.1 % 33.3 % 55.3 % All Others 59.6 % 59.9 % 66.7 % 44.7 % Total 100.0 % 100.0 % 100.0 % 100.0 % For the nine September 30, 2022 2021 esent 95.0% and 88.1%, of to The following table summarizes the Company's major customers' information for the three September 30, 2022 2021 For the Three Months ended September 30 2022 2021 % Revenues % Revenues Major 41.7 % 20.6 % All Others 58.3 % 79.4 % Total 100.0 % 100.0 % For the three September 30, 2022 2021 esent 93.1% and 89.3%, of to A major customer is defined as any customer that represents at least 10% 10% Inventory Inventory, consisting of finished goods, is stated at the lower of cost or net realizable value. The average cost method (which approximates the first first September 30, 2022 December 31, 2021 s $1,780,571 and September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 Net Investment in Sales Type Lease Net investment in leases are recognized when the Company's leases qualify as sales-type leases. The net investment in leases is initially measured at the present value of the fixed lease payments, discounted at the rate implicit in the lease. Property and Equipment Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets which range from two five Long-lived Assets The Company periodically assesses the recoverability of long-lived assets and certain identifiable intangible assets by reviewing for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not Research and Development The Company expenses all costs related to research and development as incurred. Research and development expense were $190,713 and $8,839 for the nine months ended September 30, 2022 and 2021 , respectively. Research and development expenses are included in selling, general and administrative expenses on the condensed statements of operations.

Note 2 - Accounts Receivable

Note 2 - Accounts Receivable	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	2. Accounts Receivable – Accounts receivable consisted of the following at: (Unaudited) September 30, December 31, 2022 2021 Accounts receivable - Current $ 1,734,789 $ 1,078,909 Contract asset 121,181 0 Less allowance for doubtful accounts (56,786 ) (61,376 ) Accounts receivable current - net $ 1,799,184 $ 1,017,533 Accounts receivable - Long-term $ 869,819 $ 288,665 The allowance for accounts receivable represents management’s best estimate of probable losses in our receivables as of the date of the financial statements. The allowance provides for probable losses that have been identified with specific customer relationships and for probable losses believed to be inherent in receivables, but that have not A roll-forward of the Company’s allowance for doubtful accounts for the periods presented is as follows: (Unaudited) September 30, December 31, 2022 2021 Accounts receivable allowance, beginning of the period $ 61,376 $ 77,623 Provision adjustment 0 0 Write-off (4,590 ) (16,247 ) Accounts receivable allowance, end of the period $ 56,786 $ 61,376

Note 3 - Net Investment in Sale

Note 3 - Net Investment in Sales Type Lease	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Lessor, Sales-type Leases [Text Block]	3. Net Investment in Sales Type Lease – In January 2021, five At inception, the Company recorded $210,782 in "Net investment in sales type leases" and derecognized $139,521 from “Inventory" on its condensed balance sheet. The Company recogni zed 29,304 a nine September 30, 2022 2021, nine September 30, 2022 2021 ed $7,370 an The future minimum lease payments receivable for sales type leases are as follows: Amount 2022 (remainder) $ 12,225 2023 48,900 2024 48,900 2025 48,900 2026 4,075 Total undiscounted cash flows 163,000 Present value discount 15,598 Net investment in a sales type lease as of September 30, 2022 $ 147,402 The total net investments in a sales type lease, as of September 30, 2022 and December 31, 2021 and $ is included in Current Assets on the condensed balance sheet as of September 30, 2022 and December 31, 2021, and $ is included in Long-Term Assets on the condensed balance sheet as of September 30, 2022 and December 31, 2021, not not

Note 4 - Operating Leases

Note 4 - Operating Leases	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	4. Operating Leases – We lease space under non-cancelable operating leases for our two not not Our leases include one On May 18, 2021, July 31, 2025. September 20, 2022, August 31, 2025. Our leases do not For the three nine months ended September 30, 2022 and 2021, $15,662 and $48,237 and $14,504 and $43,512, respectively Maturities of our lease liabilities for all operating leases are as follows as of September 30, 2022 Leased Facilities 2022 (remainder) $ 16,039 2023 64,666 2024 65,682 2025 36,620 Total Lease Payments 183,008 Less: Interest 10,807 Present value of lease liabilities $ 172,201 The weighted average remaining lease term eq uals 2.87 y September 30, 2022

Note 5 - Bank Financing

Note 5 - Bank Financing	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	5. Bank Financing – Revolving Credit Line The Company has a revolving credit line of up to $500,000 that expires on February 1, 2023. no three nine September 30, 2022 three September 30, 2022 Payroll Protection Program Loan On February 2, 2021, October 22, 2021.

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6. Stockholders’ Equity – Stock Compensation On March 8, 2021, two On March 25, 2022, five March 25, 2023. The unvested stock compensation expense is expected to be recognized over a weighted average period of approximately four September 30, 2022 mate $320,000. For the three nine months ended September 30, 2022 and 2021, The Company had 115,200 and 25,200 unvested restricted shar September 30, 2022 December 31, 2021 On May 14, 2021, 2021 not ten On May 14, 2021, On December 17, 2021, 2021 The fair value of the Company’s stock options issued was estimated using a Black-Scholes option pricing model with the following weighted-average assumptions: Expected volatility 80.0% - 90% Expected life (years) 2.5 to 6.6 Risk-free interest rate 0.82% - 1.47% Expected dividend yield 0 % For the three nine months ended September 30, 2022 and 2021, No options were exercised during the period. The following table summarizes additional information about stock options outstanding and exercisable at September 30, 2022 : Options Outstanding Options Exercisable Options Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Options Exercisable Weighted Average Exercise Price Aggregate Intrinsic Value 85,000 7.39 $ 2.52 $ 122,050 50,000 $ 2.60 $ 68,150 As of September 30, 2022 , the Company had $56,318 in unrecognized compensation cost related to non‑vested stock options, which is expected to be recognized over a weighted‑average period of approximately three The Company has 85,000 and 70,000 stock options outstanding as of September 30, 2022 and 2021 , respectively.

Note 7 - Income Tax

Note 7 - Income Tax	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. Income Tax – The Company accounts for income taxes by following the asset and liability approach to accounting for income taxes. Deferred tax assets and liabilities represent the future tax consequences of the differences between the financial statement carrying amounts of assets and liabilities versus the tax basis of assets and liabilities. Under this method, deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not not not The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. Based on its evaluation, the Company believes that it has no significant unrecognized tax positions. The Company’s evaluation was performed for the tax years ended December 31, 2017 2020, September 30, 2022 not twelve The Company may

Note 8 - Earnings Per Share

Note 8 - Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	8. Earnings Per Share – The Company computes earnings per share under two The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three nine September 30, 2022 2021 For the Three Months Ended September 30, 2022 2021 Basic and diluted earnings per share calculation: Net income to common stockholders $ 290,126 $ 186,811 Weighted average number of common shares outstanding - basic 4,521,988 4,511,988 Basic net income per share $ 0.06 $ 0.04 Weighted average number of common shares outstanding - diluted 4,566,679 4,526,115 Diluted net income per share $ 0.06 $ 0.04 For the Nine Months Ended September 30, 2022 2021 Basic and diluted earnings per share calculation: Net income to common stockholders $ 1,309,642 $ 956,453 Weighted average number of common shares outstanding - basic 4,521,988 4,508,258 Basic net income per share $ 0.29 $ 0.21 Weighted average number of common shares outstanding - diluted 4,560,604 4,522,694 Diluted net income per share $ 0.29 $ 0.21 For the three nine September 30, 2022 had a dilutive effect of approximately 44,700 and 38,600 shares, respectively.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed financial statements of Table Trac, Inc. (the “Company,” or “Table Trac”) have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10 10 X. September 30, 2022 three nine September 30, 2022 2021 nine September 30, 2022 2021 The accompanying financial statements should be read in conjunction with the financial statements and notes included in the Table Trac, Inc. Annual Report on Form 10 December 31, 2021
Nature of Business [Policy Text Block]	Nature of Business Table Trac was formed under the laws of the State of Nevada in June 1995. Table Trac provides system sales and technical support to casinos. System sales include installation, custom casino system configurations, and training. In addition, license and technical support are provided under separate license and service contracts.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company’s use of estimates and assumptions include: for revenue recognition, the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (“SSP”) of performance obligations, determining collectability, and other obligations, realizability of accounts receivable, the valuation of investments, the valuation of deferred tax assets and liabilities, and inventory valuation. Actual results could differ from those estimates, and the difference could be significant. For further information about our critical accounting estimates, see the discussion in Item 7, 10 December 31, 2021. There were no nine September 30, 2022 The Company’s significant accounting policies are described in Note 1 10 December 31, 2021
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk The Company maintains its cash balances at two $250,000. three
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation The Company's stock-based compensation consists of stock options and restricted stock issued to certain company employees. The Company measures and recognizes compensation expense for all stock-based payment awards made to employees, directors and non-employees. The compensation expense for the Company’s stock-based payments is based on estimated fair values at the time of the grant. The Company estimates the fair value of restricted stock awards on the date of grant using the closing traded price on that date. The Company’s restricted stock awards are subject to vesting requirements and the corresponding compensation is recorded ratably over the service period. For stock options, the Company recognizes compensation expense based on an estimated grant date fair value using the Black-Scholes option-pricing model. The Company has elected to account for forfeitures as they occur and to use the simplified method to determine the expected life of stock options.
Revenue [Policy Text Block]	Revenue The Company derives revenues from the sale or leasing of systems, license and maintenance fees, services, and rental agreements. System Sales Revenue is recognized upon transfer of control of promised products and services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We enter into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of any taxes collected, when applicable from customers, which are subsequently remitted to governmental authorities. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is a unit of account in ASC 606. Management’s assessment of collectability at both contract inception and on an ongoing basis resulted in the determination that some of our contracts did not not not Maintenance Revenue Maintenance revenue is recognized ratably over the contract period. The SSP for maintenance is based upon the renewal rate for contracted services. Lease Revenue The Company derives a portion of its revenue from a sales type leasing arrangement in accordance with ASC 842. Service Revenue and Other Revenue Service revenue is recognized upon completion of the services and is billed in arrears. The SSP for service revenue is established based upon actual selling prices for the services or prior similar arrangements. Other revenue includes DataTrac, kiosks and related promotional programs and miscellaneous sales of equipment. Revenue is recognized upon completion of services or delivery of equipment and is billed in arrears. The Company offers qualified customers a licensing agreement. Licensing revenue is recognized after the intellectual property (CMS system), the performance obligation, is delivered and in its operational and functional state. The SSP for licensing revenue is established based upon actual selling prices for the license. The following table summarizes disaggregated revenues by major product line for the three September 30, 2022 2021 Three Months Ended September 30, 2022 2021 2022 2021 (percent of revenues) System revenue $ 1,120,994 $ 491,696 48.7 % 33.9 % Maintenance revenue 882,861 779,364 38.4 % 53.8 % Lease revenue 0 0 0.0 % 0.0 % Service and other revenue 297,474 178,821 12.9 % 12.3 % Total revenues $ 2,301,329 $ 1,449,881 100.0 % 100.0 % The following table summarizes disaggregated revenues by major product line for the nine September 30, 2022 2021 Nine Months Ended September 30, 2022 2021 2022 2021 (percent of revenues) System revenue $ 4,781,261 $ 2,047,097 58.9 % 40.3 % Maintenance revenue 2,518,034 2,420,870 31.1 % 47.7 % Lease revenue 0 212,658 0.0 % 4.2 % Service and other revenue 812,872 393,275 10.0 % 7.8 % Total revenues $ 8,112,167 $ 5,073,900 100.0 % 100.0 % See Major Customers for disaggregated revenue information about primary geographical markets. Significant Judgments Contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may Judgment is required to determine the SSP for each distinct performance obligation, including lease and non-lease components. We use a single amount to estimate SSP when we sell a product or service separately. In instances where SSP is not not may one We recognize a contract asset when our performance under a contract precedes our receipt of consideration from a customer, or before payment is due, and our receipt of consideration is conditional upon factors other than the passage of time. A contract asset is recognized when we have an unconditional right to payment for our performance. Our contract asset consists of our in-process installations, for which we have an enforceable right to collect consideration (including a reasonable profit) in the event the services are cancelled by customers. As of September 30, 2022, The collectability assessment requires the company to use judgement and consider all relevant facts and circumstances. Management exercises judgment in its assessment of collectability of customer funds by considering payment history, current credit status, and available information about the financial condition of the customer, among other factors. As of September 30, 2022 December 31, 2021, not may During the nine September 30, 2022 , one 2020, not two not The collectability assessment requires the company to use judgement and consider all relevant facts and circumstances. We evaluate the interest rates in customer contracts with extended payment terms, representing a significant financing component. These rates range from approximately 1% to 6% and we believe those to be appropriate market interest rates for the financing component.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses. Fair value estimates are at a specific point in time, based on relevant market information about the financial instrument. These estimates are subjective in nature and matters of significant judgment and therefore cannot be determined with precision. The Company considers the carrying values of its financial instruments to approximate fair value due to their short-term nature.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable / Allowance for Doubtful Accounts Accounts receivable are initially recorded at the invoiced amount and carried on the balance sheet at net realizable value as of each balance sheet date. For receivables related to contracts that contain an interest rate, interest income is recorded upon receipt on the statements of operations. An allowance for doubtful accounts is recorded when the Company believes the amounts may not no may not not In March 2021, 2021 20, PPP) loan from qualifying for the Employee Retention Credit (“ERC”), which is a refundable tax credit against certain employment taxes. The Company determined that we have complied with all of the conditions required to receive the credit. Approximately $122,000 had been included in accounts receivable at December 31, 2021. three March 31, 2022.
Major Customers [Policy Text Block]	Major Customers The following table summarizes the Company's major customers' information for the nine September 30, 2022 2021 For the Nine Months ended September 30 2022 2021 % Revenues % AR % Revenues % AR Major 40.4 % 40.1 % 33.3 % 55.3 % All Others 59.6 % 59.9 % 66.7 % 44.7 % Total 100.0 % 100.0 % 100.0 % 100.0 % For the nine September 30, 2022 2021 esent 95.0% and 88.1%, of to The following table summarizes the Company's major customers' information for the three September 30, 2022 2021 For the Three Months ended September 30 2022 2021 % Revenues % Revenues Major 41.7 % 20.6 % All Others 58.3 % 79.4 % Total 100.0 % 100.0 % For the three September 30, 2022 2021 esent 93.1% and 89.3%, of to A major customer is defined as any customer that represents at least 10% 10%
Inventory, Policy [Policy Text Block]	Inventory Inventory, consisting of finished goods, is stated at the lower of cost or net realizable value. The average cost method (which approximates the first first September 30, 2022 December 31, 2021 s $1,780,571 and September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021
Lessor, Leases [Policy Text Block]	Net Investment in Sales Type Lease Net investment in leases are recognized when the Company's leases qualify as sales-type leases. The net investment in leases is initially measured at the present value of the fixed lease payments, discounted at the rate implicit in the lease.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets which range from two five
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-lived Assets The Company periodically assesses the recoverability of long-lived assets and certain identifiable intangible assets by reviewing for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not
Research and Development Expense, Policy [Policy Text Block]	Research and Development The Company expenses all costs related to research and development as incurred. Research and development expense were $190,713 and $8,839 for the nine months ended September 30, 2022 and 2021 , respectively. Research and development expenses are included in selling, general and administrative expenses on the condensed statements of operations.

Note 1 - Nature of Business a_2

Note 1 - Nature of Business and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, 2022 2021 2022 2021 (percent of revenues) System revenue $ 1,120,994 $ 491,696 48.7 % 33.9 % Maintenance revenue 882,861 779,364 38.4 % 53.8 % Lease revenue 0 0 0.0 % 0.0 % Service and other revenue 297,474 178,821 12.9 % 12.3 % Total revenues $ 2,301,329 $ 1,449,881 100.0 % 100.0 % Nine Months Ended September 30, 2022 2021 2022 2021 (percent of revenues) System revenue $ 4,781,261 $ 2,047,097 58.9 % 40.3 % Maintenance revenue 2,518,034 2,420,870 31.1 % 47.7 % Lease revenue 0 212,658 0.0 % 4.2 % Service and other revenue 812,872 393,275 10.0 % 7.8 % Total revenues $ 8,112,167 $ 5,073,900 100.0 % 100.0 %
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	For the Nine Months ended September 30 2022 2021 % Revenues % AR % Revenues % AR Major 40.4 % 40.1 % 33.3 % 55.3 % All Others 59.6 % 59.9 % 66.7 % 44.7 % Total 100.0 % 100.0 % 100.0 % 100.0 % For the Three Months ended September 30 2022 2021 % Revenues % Revenues Major 41.7 % 20.6 % All Others 58.3 % 79.4 % Total 100.0 % 100.0 %

Note 2 - Accounts Receivable (T

Note 2 - Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) September 30, December 31, 2022 2021 Accounts receivable - Current $ 1,734,789 $ 1,078,909 Contract asset 121,181 0 Less allowance for doubtful accounts (56,786 ) (61,376 ) Accounts receivable current - net $ 1,799,184 $ 1,017,533 Accounts receivable - Long-term $ 869,819 $ 288,665
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	(Unaudited) September 30, December 31, 2022 2021 Accounts receivable allowance, beginning of the period $ 61,376 $ 77,623 Provision adjustment 0 0 Write-off (4,590 ) (16,247 ) Accounts receivable allowance, end of the period $ 56,786 $ 61,376

Note 3 - Net Investment in Sa_2

Note 3 - Net Investment in Sales Type Lease (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Sales-type and Direct Financing Leases, Lease Receivable, Maturity [Table Text Block]	Amount 2022 (remainder) $ 12,225 2023 48,900 2024 48,900 2025 48,900 2026 4,075 Total undiscounted cash flows 163,000 Present value discount 15,598 Net investment in a sales type lease as of September 30, 2022 $ 147,402

Note 4 - Operating Leases (Tabl

Note 4 - Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Leased Facilities 2022 (remainder) $ 16,039 2023 64,666 2024 65,682 2025 36,620 Total Lease Payments 183,008 Less: Interest 10,807 Present value of lease liabilities $ 172,201

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Expected volatility 80.0% - 90% Expected life (years) 2.5 to 6.6 Risk-free interest rate 0.82% - 1.47% Expected dividend yield 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 Options Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Options Exercisable Weighted Average Exercise Price Aggregate Intrinsic Value 85,000 7.39 $ 2.52 $ 122,050 50,000 $ 2.60 $ 68,150

Note 8 - Earnings Per Share (Ta

Note 8 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended September 30, 2022 2021 Basic and diluted earnings per share calculation: Net income to common stockholders $ 290,126 $ 186,811 Weighted average number of common shares outstanding - basic 4,521,988 4,511,988 Basic net income per share $ 0.06 $ 0.04 Weighted average number of common shares outstanding - diluted 4,566,679 4,526,115 Diluted net income per share $ 0.06 $ 0.04 For the Nine Months Ended September 30, 2022 2021 Basic and diluted earnings per share calculation: Net income to common stockholders $ 1,309,642 $ 956,453 Weighted average number of common shares outstanding - basic 4,521,988 4,508,258 Basic net income per share $ 0.29 $ 0.21 Weighted average number of common shares outstanding - diluted 4,560,604 4,522,694 Diluted net income per share $ 0.29 $ 0.21

Note 1 - Nature of Business a_3

Note 1 - Nature of Business and Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	$ 121,181		$ 121,181		$ 0
Contract with Customer, Asset, Allowance for Credit Loss, Ending Balance	2,926,000		2,926,000		1,438,000
Number of Contracts of Collectable Revenue	1		1
Revenue Recognized on Contract with Customer	1,079,000		1,079,000
Receivable Employee Retention Credit					122,000
Inventory Valuation Reserves	999		999		36,353
Inventory, Net, Total	1,780,571		1,780,571		1,582,358
Inventory, Work in Process, Gross	440,856		440,856		699,024
Research and Development Expense, Total			190,713	$ 8,839
Prepaid Expenses and Other Current Assets [Member]
Prepaid Supplies	$ 82,508		$ 82,508		$ 511,500
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | UNITED STATES
Concentration Risk, Percentage	93.10%	89.30%	95%	88.10%
Minimum [Member]
Contract with Customer, Liability, Interest Rate	1%		1%
Property, Plant and Equipment, Useful Life (Year)			2 years
Maximum [Member]
Contract with Customer, Liability, Interest Rate	6%		6%
Property, Plant and Equipment, Useful Life (Year)			5 years

Note 1 - Nature of Business a_4

Note 1 - Nature of Business and Summary of Significant Accounting Policies - Disaggregated Revenues by Major Product Line (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total revenues	$ 2,301,329	$ 1,449,881	$ 8,112,167	$ 5,073,900
Percent of revenues	100%	100%	100%	100%
System [Member]
Total revenues	$ 1,120,994	$ 491,696	$ 4,781,261	$ 2,047,097
Percent of revenues	48.70%	33.90%	58.90%	40.30%
Maintenance [Member]
Total revenues	$ 882,861	$ 779,364	$ 2,518,034	$ 2,420,870
Percent of revenues	38.40%	53.80%	31.10%	47.70%
Lease [Member]
Total revenues	$ 0	$ 0	$ 0	$ 212,658
Percent of revenues	0%	0%	0%	4.20%
Service and Other [Member]
Total revenues	$ 297,474	$ 178,821	$ 812,872	$ 393,275
Percent of revenues	12.90%	12.30%	10%	7.80%

Note 1 - Nature of Business a_5

Note 1 - Nature of Business and Summary of Significant Accounting Policies - Major Customers (Details) - Customer Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue Benchmark [Member]
Concentration percent	100%		100%	100%
Revenue Benchmark [Member] | Major Customers [Member]
Concentration percent	41.70%		40.40%	33.30%
Revenue Benchmark [Member] | Other Customer [Member]
Concentration percent	58.30%		59.60%	66.70%
Accounts Receivable [Member]
Concentration percent		100%	100%	100%
Accounts Receivable [Member] | Major Customers [Member]
Concentration percent		20.60%	40.10%	55.30%
Accounts Receivable [Member] | Other Customer [Member]
Concentration percent		79.40%	59.90%	44.70%

Note 2 - Accounts Receivable -

Note 2 - Accounts Receivable - Accounts Receivable (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable - Current	$ 1,734,789	$ 1,078,909
Contract asset	121,181	0
Less allowance for doubtful accounts	(56,786)	(61,376)	$ (77,623)
Accounts receivable current - net	1,799,184	1,017,533
Accounts receivable - Long-term	$ 869,819	$ 288,665

Note 2 - Accounts Receivable _2

Note 2 - Accounts Receivable - Allowance for Doubtful Accounts (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accounts receivable allowance, beginning of the period	$ 61,376	$ 77,623
Provision adjustment	0	0
Write-off	(4,590)	(16,247)
Accounts receivable allowance, end of the period	$ 56,786	$ 61,376

Note 3 - Net Investment in Sa_3

Note 3 - Net Investment in Sales Type Lease (Details Textual) - USD ($)	1 Months Ended	9 Months Ended
	Jan. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Lessor, Sales-type Lease, Term of Contract (Year)	5 years
Lessor, Sales-type Lease, Implied Interest Rate	6%
Sales-Type Lease, Net Investment in Lease, after Allowance for Credit Loss	$ 210,782	$ 147,402		$ 176,706
Inventory Derecognized for Sales-type Leases	$ 139,521
Sales-type Lease, Lease Income, Total		29,304	$ 71,261
Sales-type Lease, Interest Income		7,370	$ 15,232
Sales-Type Lease, Net Investment in Lease, after Allowance for Credit Loss, Current		41,176		39,369
Sales-Type Lease, Net Investment in Lease, after Allowance for Credit Loss, Noncurrent		$ 106,226		$ 137,337

Note 3 - Net Investment in Sa_4

Note 3 - Net Investment in Sales Type Lease - Future Minimum Lease Payments Receivable (Details)	Sep. 30, 2022 USD ($)
2022 (remainder)	$ 12,225
2023	48,900
2024	48,900
2025	48,900
2026	4,075
Total undiscounted cash flows	163,000
Present value discount	15,598
Net investment in a sales type lease as of September 30, 2022	$ 147,402

Note 4 - Operating Leases (Deta

Note 4 - Operating Leases (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 20, 2022	May 18, 2021
Operating Lease, Weighted Average Discount Rate, Percent	5%		5%
Operating Lease, Cost	$ 15,662	$ 14,504	$ 48,237	$ 43,512
Operating Lease, Weighted Average Remaining Lease Term (Year)	2 years 10 months 13 days		2 years 10 months 13 days
MINNESOTA
Lessee, Operating Lease, Term of Contract (Month)						48 months
OKLAHOMA
Lessee, Operating Lease, Term of Contract (Month)					36 months

Note 4 - Operating Leases - Mat

Note 4 - Operating Leases - Maturities of Lease (Details)	Sep. 30, 2022 USD ($)
2022 (remainder)	$ 16,039
2023	64,666
2024	65,682
2025	36,620
Total Lease Payments	183,008
Less: Interest	10,807
Present value of lease liabilities	$ 172,201

Note 5 - Bank Financing (Detail

Note 5 - Bank Financing (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2022	Feb. 02, 2021
SBA CARES Act Paycheck Protection Program [Member]
Debt Instrument, Face Amount		$ 473,400
Revolving Credit Facility [Member] | General Credit Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500,000
Long-term Line of Credit, Total	$ 0
Debt Instrument, Prime Rate Floor	3.75%
Revolving Credit Facility [Member] | General Credit Agreement [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	6.25%

Note 6 - Stockholders' Equity_2

Note 6 - Stockholders' Equity (Details Textual) - USD ($)						3 Months Ended		9 Months Ended
	Mar. 25, 2022	Dec. 31, 2021	Dec. 17, 2021	May 14, 2021	Mar. 08, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total						$ 320,000		$ 320,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)			15,000	70,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Fair Value				$ 128,726
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value		$ 22,919
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares)								0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)						85,000	70,000	85,000	70,000
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)				20,000
Robert Siqveland [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)				20,000
Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)				30,000
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					15,200
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)					2 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total					$ 45,300
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)								4 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)		25,200				115,200		115,200
Restricted Stock [Member] | Chief Financial Officer and Corporate Secretary [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	100,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	5 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 349,000
Restricted Stock [Member] | Chief Financial Officer and Corporate Secretary [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	20,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)								3 years
Share-Based Payment Arrangement, Expense						$ 23,113	$ 13,006	$ 51,886	$ 52,024
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount						56,318		56,318
Share-Based Payment Arrangement, Option [Member] | Selling, General and Administrative Expenses [Member]
Share-Based Payment Arrangement, Expense						$ 8,045	$ 8,045	$ 24,136	$ 40,227
Share-Based Payment Arrangement, Option [Member] | The 2021 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)				10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)				500,000
Share-Based Payment Arrangement, Option [Member] | Vesting Immediately [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				25%
Share-Based Payment Arrangement, Option [Member] | Vesting Each Subsequent Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				25%

Note 6 - Stockholders' Equity -

Note 6 - Stockholders' Equity - Stock Option Valuation Assumptions (Details) - Share-Based Payment Arrangement, Option [Member]	9 Months Ended
	Sep. 30, 2022
Expected dividend yield	0%
Minimum [Member]
Expected volatility	80%
Expected life (Year)	2 years 6 months
Risk-free interest rate	0.82%
Maximum [Member]
Expected volatility	90%
Expected life (Year)	6 years 7 months 6 days
Risk-free interest rate	1.47%

Note 6 - Stockholders' Equity_3

Note 6 - Stockholders' Equity - Summary of Additional Information About Stock Options Outstanding and Exercisable (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Options Outstanding (in shares)	85,000	70,000
Options Outstanding, Weighted Average Remaining Contractual Life (Year)	7 years 4 months 20 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 2.52
Options Outstanding, Aggregate Intrinsic Value	$ 122,050
Options Exercisable (in shares)	50,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 2.60
Options Exercisable, Aggregate Intrinsic Value	$ 68,150

Note 7 - Income Tax (Details Te

Note 7 - Income Tax (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Unrecognized Tax Benefits, Ending Balance	$ 0
Open Tax Year	2017 2018 2019 2020
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 0

Note 8 - Earnings Per Share (De

Note 8 - Earnings Per Share (Details Textual) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Weighted Average Number of Shares Outstanding, Diluted, Adjustment, Total (in shares)	44,700	38,600

Note 8 - Earnings Per Share - B

Note 8 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income to common stockholders	$ 290,126	$ 186,811	$ 1,309,642	$ 956,453
Weighted average number of common shares outstanding - basic (in shares)	4,521,988	4,511,988	4,521,988	4,508,258
Basic net income per share (in dollars per share)	$ 0.06	$ 0.04	$ 0.29	$ 0.21
Weighted average number of common shares outstanding - diluted (in shares)	4,566,679	4,526,115	4,560,604	4,522,694
Net income per share - diluted (in dollars per share)	$ 0.06	$ 0.04	$ 0.29	$ 0.21