Table Trac (TBTC) 10-K 29 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 29, 2024	Jun. 30, 2023
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	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	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
Title of 12(g) Security	Common Stock, par value $0.001
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			$ 14,700,000
Entity Common Stock, Shares Outstanding		4,634,865
Auditor Name	Boulay PLLP
Auditor Location	Minneapolis, Minnesota
Auditor Firm ID	542

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 3,489,771	$ 4,786,923
Short-term investments	1,502,805	0
Accounts receivable, net	2,109,193	1,868,488
Inventory, net	2,904,158	1,560,175
Prepaid expenses	364,886	417,254
Net investment in sales type leases - current	64,310	59,173
Income tax receivable	0	124,198
TOTAL CURRENT ASSETS	10,435,123	8,816,211
LONG-TERM ASSETS
Accounts receivable - long-term	891,351	1,523,793
Property and equipment, net	38,357	0
Net investment in sales type leases - long term	113,621	176,444
Software development cost	16,691	0
Operating lease right-of-use assets	243,171	157,802
TOTAL LONG-TERM ASSETS	1,303,191	1,858,039
TOTAL ASSETS	11,738,314	10,674,250
CURRENT LIABILITIES
Accounts payable and accrued expenses	305,664	417,853
Payroll liabilities	0	10,665
Customer deposits	785,805	1,485,622
Current portion of operating lease liabilities	114,294	55,942
Income tax payable	165,226	0
TOTAL CURRENT LIABILITIES	1,370,989	1,970,082
LONG-TERM LIABILITIES
Operating lease liabilities	126,760	97,476
Deferred tax liability	341,000	331,000
TOTAL LIABILITIES	1,838,749	2,398,558
STOCKHOLDERS’ EQUITY
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,756,734 and 4,756,734 shares issued; and 4,634,865 and 4,621,988 shares outstanding at December 31, 2023 and December 31, 2022, respectively.	4,635	4,622
Additional paid-in capital	2,346,483	2,207,030
Retained earnings	7,771,655	6,297,639
Stockholders' Equity before Treasury Stock	10,122,773	8,509,291
Treasury stock, 121,869 and 134,746 shares (at cost) at December 31, 2023 and December 31, 2022, respectively.	(223,208)	(233,599)
TOTAL STOCKHOLDERS’ EQUITY	9,899,565	8,275,692
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 11,738,314	$ 10,674,250

Balance Sheets (Parentheticals)

Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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	4,756,734
Common stock, shares outstanding (in shares)	4,634,865	4,621,988
Treasury stock, shares (in shares)	121,869	134,746

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues	$ 9,486,853	$ 11,056,587
Cost of sales	2,436,449	4,106,303
Gross profit	7,050,404	6,950,284
Operating expenses:
Selling, general and administrative	5,374,687	4,930,333
Income from operations	1,675,717	2,019,951
Other income	4,283	10,611
Interest income	330,005	145,891
Income before taxes	2,010,005	2,176,453
Income tax expense	397,000	552,000
Net income	$ 1,613,005	$ 1,624,453
Net income per share - basic (in dollars per share)	$ 0.35	$ 0.36
Diluted net income per share (in dollars per share)	$ 0.35	$ 0.35
Weighted-average shares outstanding - basic (in shares)	4,553,080	4,522,536
Weighted-average shares outstanding - diluted (in shares)	4,619,046	4,583,115

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
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 (in shares)	100,000
Stock compensation expense	$ 100	218,893	0	0	218,993
Cash dividend	0	0	(95,112)	0	(95,112)
Net income (loss)	$ 0	0	1,624,453	0	$ 1,624,453
Exercise of employee stock options (in shares)					0
Balance (in shares) at Dec. 31, 2022	4,621,988
Balance at Dec. 31, 2022	$ 4,622	2,207,030	6,297,639	(233,599)	$ 8,275,692
Stock compensation expense (in shares)	0
Stock compensation expense	$ 0	139,226	0	0	139,226
Cash dividend	0	0	(138,989)	0	(138,989)
Net income (loss)	$ 0	0	1,613,005	0	$ 1,613,005
Exercise of employee stock options (in shares)	1,000				1,000
Exercise of employee stock options	$ 1	2,019	0	990	$ 3,010
Stock issued to employees from treasury (in shares)	10,000
Stock issued to employees from treasury	$ 10	(7,552)		7,542	0
Stock issued for service from treasury (in shares)	1,877
Stock issued for service from treasury	$ 2	5,760	0	1,859	7,621
Balance (in shares) at Dec. 31, 2023	4,634,865
Balance at Dec. 31, 2023	$ 4,635	$ 2,346,483	$ 7,771,655	$ (223,208)	$ 9,899,565

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
OPERATING ACTIVITIES
Net income	$ 1,613,005	$ 1,624,453
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	1,065	7,879
Deferred income taxes	10,000	340,000
Provision for credit losses	46,934	87,627
Stock issued for services to non-employee	7,621	0
Stock compensation expense	139,226	218,993
Accrued interest on short-term investment	(2,805)
Changes in operating assets and liabilities:
Accounts receivable	344,803	(2,173,710)
Inventory	(1,343,983)	22,183
Prepaid expenses	52,368	382,270
Net investment in sales type leases	57,686	(58,911)
Accounts payable, accrued expenses and other	(109,922)	153,641
Payroll liabilities	(10,665)	(15,705)
Customer deposits	(699,817)	(90,378)
Income tax receivable and payable	289,424	(562,220)
Net cash provided by (used) in operating activities	394,940	(63,878)
INVESTING ACTIVITIES
Capital expenditures	(39,422)	0
Purchase of short-term investment	(1,500,000)
Capitalized software development costs	(16,691)	0
Net cash used in investing activities	(1,556,113)	0
FINANCING ACTIVITIES
Proceeds from employee stock options	3,010	0
Payment of dividends	(138,989)	(95,112)
Net cash used in financing activities	(135,979)	(95,112)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(1,297,152)	(158,990)
CASH AND CASH EQUIVALENTS
Beginning of year	4,786,923	4,945,913
End of year	3,489,771	4,786,923
Non-cash investing and financing activities:
Treasury stock cost related to compensation	$ 10,391	$ 0

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	NOTE 1. Company Table Trac was formed under the laws of the State of Nevada in June 1995. The Company provides system sales and technical support to casinos. System sales include installation, custom casino system configuration and training. In addition, license and technical support are provided under an annual license and service contract. 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, determining collectability, the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (SSP) of performance obligations, realizability of accounts receivable, and the valuation of allowance for credit losses, the valuation of deferred tax assets and liabilities and inventory valuation. Actual results could differ from those estimates and the difference could be significant. Concentrations of Risk Cash Deposits in Excess of Federally Insured Limits The Company maintains its cash balances at two $250,000. s. Cash equivalents represent money market funds or short-term investments with maturities of three Major Customers The following table summarizes major customers' information for the years ended December 31, 2023 2022 For the Years ended December 31, 2023 2022 % Revenues % AR % Revenues % AR Major 19.2 % 0.0 % 31.7 % 33.7 % All Others 80.8 % 100.0 % 68.3 % 66.3 % Total 100.0 % 100.0 % 100.0 % 100.0 % A major customer is defined as any customer that represents at least 10% Revenue Recognition The Company derives revenues from the sales or leasing of systems, licenses and maintenance fees, and 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 are 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, a visual analysis platform to make casino performance decisions apparent & readily available on a daily basis, KioskTrac and 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 selling price 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 years ended December 31, 2023 2022 Years ended December 31, 2023 2022 2023 2022 (percent of revenues) System revenue $ 3,330,158 $ 6,245,287 35.1 % 56.6 % Maintenance revenue 4,985,415 3,507,924 52.6 % 31.7 % Lease revenue 0 228,886 0.0 % 2.1 % Service and other revenue 1,171,280 1,074,490 12.3 % 9.6 % Total revenues $ 9,486,853 $ 11,056,587 100.0 % 100.0 % System, sales-type lease, and certain other revenue is recorded at a point in time. Maintenance and service revenue is recorded over time. 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 perf ormance. 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 December 31, 2023 2022 , we recorded a contract asset of approximately $0 and $34,800 respectively as a component of accounts receivable. As of January 1, 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 December 31, 2023 2022 y $2,392,560 and $2,781,800 for systems not may 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 8% a Geographic Concentrations The Company sells its technologies and services to casinos in the United States, Australia, Japan, the Caribbean and countries in both Central and South America. For 2023 and 2022 , 91.1% and 95% of the Company’s revenues were from the United States all other locations were less than 10%. As of December 31, 2023 2022 , 88.4% and 92% of the Company’s accounts receivable were from the United States, all other locations were less than 10%. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, certificate of deposit, 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 Short-term Investments The Company currently has one seven three may The total short-term investment was $1,502,805 and $0 as of December 31, 2023 2022 , respectively. Accounts Receivable / Allowance for Credit Losses 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. We maintain an allowance for credit losses for accounts receivable, which is recorded as an offset to accounts receivable, and changes in such are classified as general and administrative expense in the Condensed Statements of Operations. We assess collectibility by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when we identify specific customers with known disputes or collectibility issues. In determining the amount of the allowance for credit losses, we consider historical collectibility based on past due status and make judgments about the creditworthiness of customers based on ongoing credit evaluations. We also consider customer-specific information, current market conditions, and reasonable and supportable forecasts of future economic conditions. Management believes that receivables, net of the allowance for credit losses, are fully collectable. Accounts receivable are written off when management determines collection is no may not not Inventory Inventory, consisting of finished goods, is stated at the lower of cost or net realizable value. The average cost method is used to value inventory. Inventory is reviewed quarterly for the lower of cost or net realizable value and obsolescence. Any material cost found to be above net realizable value or considered obsolete is written down accordingly. The Company had $8,768 and $2,273 of obsolescence reserve at December 31, 2023 2022 . The total inventory value was $2,904,158 and $ as of December 31, 2023 2022 , respectively, which included work-in-process of $117,218 and $396,880 as of December 31, 2023 2022 , respectively, and the remaining amount is comprised of finished goods. At December 31, 2023 2022 , the Company had $2,348 and $54,520 of prepaid inventory as a component of prepaid expenses, respectively. 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 Leases The Company determines if an arrangement is a lease at inception. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of an asset includes the right to obtain substantially all of the economic benefits of the underlying asset and the right to direct how and for what purpose the asset is used. Right-of-use (ROU) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not not 842 twelve Rent expense, including the effects of lease incentives, is recognized on a straight-line basis over the term of the lease. Income Taxes 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, 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 December 31, 2020 2023, December 31, 2023 not 12 The Company may Research and Development Expenditures for research and product development costs, before technological feasibility is reached are expensed as incurred. Research and development expense s were $208,313 and December 31, 2023 2022 Software Development Costs We expense software development costs, including cost to develop software products to be sold, licensed or marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products. As a result, approximately $17,000 and $0 of development costs met these criteria and was capitalized as of December 31, 2023 2022, five 2024. 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. Basic and Diluted Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the weighted average shares outstanding are increased to include additional shares from the assumed exercise of stock options and restricted stock shares subject to vesting. The number of additional shares is calculated by assuming that outstanding stock options were exercised and that the proceeds from the exercise were used to acquire shares of common stock at the average market price during the reporting period. Restricted stock shares are included in basic shares as of the beginning of the period in which the vesting conditions are satisfied. (See Note 10 Recently Issued Accounting Pronouncements In June 2016, 2016 13, December 15, 2022, 2016 13 2023, January 1, 2023.

Note 2 - Accounts Receivable

Note 2 - Accounts Receivable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 2. December 31, December 31, 2023 2022 Accounts receivable - current $ 2,177,813 $ 1,930,488 Less allowance for credit losses (68,620 ) (62,000 ) Accounts receivable current - net $ 2,109,193 $ 1,868,488 Accounts receivable - long-term $ 891,351 $ 1,523,793 A roll-forward of the Company’s allowance for credit losses for the years ended is as follows: December 31, December 31, 2023 2022 Allowance for credit losses, beginning of year $ 62,000 $ 61,376 Additions 46,934 87,627 Write-off (40,314 ) (87,003 ) Accounts receivable allowance for credit losses, end of year 68,620 62,000

Note 3 - Net Investment in Sale

Note 3 - Net Investment in Sales Type Lease	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessor, Sales-type Leases [Text Block]	NOTE 3. In January 2021, five At inception, the Company recorded a total $210,782 in "Net investment in sales type leases" and derecognized $139,521 from “Inventory" on its balance sheet. The Company recognized $41,797 and $39,369 in profit from sales type leases in its statements of operations for the years ended December 31, 2023 2022 , respectively, as a result of the transaction. For the years ended December 31, 2023 2022 , the Company recognized $7,103 and $9,531, respectively, of interest income in the Company's statements of operations. In December 2022, five At inception, the Company recorded a total $98,279 in "Net investment in sales type leases" and derecognized $46,533 from “Inventory" on its balance sheet. The Company recognized $15,588 and $51,746 in profit from sales type leases in its statements of operations for the years ended December 31, 2023 2022 , respectively, as a result of the transaction. For the years ended December 31, 2023 2022 , the Company recognized $5,012 and $11,673, respectively. of interest income in the Company's statements of operations. The future minimum lease payments receivable for sales type leases are as follows: Amount 2024 71,700 2025 71,700 2026 26,875 2027 22,800 Total undiscounted cash flows 193,075 Present value discount 15,144 Net investment in lease as of December 31, 2023 $ 177,931 The current portion of $64,310 is included in Current Assets on the balance sheet as of December 31, 2023 December 31, 2023 not not

Note 4 - Property and Equipment

Note 4 - Property and Equipment	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4. Property and equipment consist of the following at: December 31, December 31, 2023 2022 Office equipment $ 136,266 $ 139,338 Vehicles 196,465 211,465 Total 332,731 350,803 Less: accumulated depreciation (294,374 ) (350,803 ) Property and equipment, net $ 38,357 $ 0 Depreciation expense totaled $1,065 and $7,879 for the years ended December 31, 2023 2022

Note 5 - Intangible Assets

Note 5 - Intangible Assets	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE 5. During the fourth 2023 five December 31, 2023 none 2024 December 31, 2022

Note 6 - Debt

Note 6 - Debt	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 6. In February 2020, February 1, 2024, February 1, 2025. no December 31, 2023 2022. December 31, 2023.

Note 7 - Operating Leases

Note 7 - Operating Leases	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 7. We lease space under non-cancelable operating leases for our three not not Our leases include one Our leases do not was approximately 5% as December 31, 2023 2022. ROU assets obtained in exchange for new lease liabilities was $160,915 and $39,648 for the years ended December 31, 2023 2022 , respectively. The cost components of our operating leases were non-variable lease expense of $85,228 and $63,100 for the years ended December 31, 2023 2022, December 31, 2023 2022 , respectively. $64,000 December 31, 2023 2022, Maturities of our lease liabilities for all operating leases are as follows as of December 31, 2023 : Leased Facilities 2024 121,351 2025 95,030 2026 40,496 Total Lease Payments 256,877 Less: Interest 15,823 Present value of lease liabilities $ 241,054 The weighted average remaining lease terms equa ls 2.16 and 2.62 for the years ended December 31, 2023 2022 , respectively.

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE 8. Common Stock As of December 31, 2023 , and 2022 , the Company holds 121,869 and 134,746 common stock shares in treasury at a total cost of $223,208 and $233,599, respectively, for future employee and professional service provider’s issuances under the bonus program which was part of both 2018 2014 Stock Based Compensation On January 8, 2018, four one Additionally, on March 8, 2021, two On May 14, 2021, 2021 not ten On May 14, 2021, On March 25, 2022, five March 25, 2023. On December 15, 2022, Robert Siqveland agreed to and accepted a separation agreement from the Company. Included in this agreement were terms which immediately vested the remaining unvested 12,500 Restricted Stock shares from the March 25, 2022 May 14, 2021. March 31, 2024. 718 2022 twelve two April 15, 2023 $33,500 January 15, 2024. December 31, 2022. On December 16, 2022, 2022 On March 12, 2023, three On September 30 2023, not 2023 On December 19, 2023, 2023 The Company has approximately 78,000 shares of restricted stock outstanding as of December 31, 2023 . There were approximately 102,700 shares of restricted stock outstanding at December 31, 2022 . For the years ended December 31, 2023 2022, For the years ended December 31, 2023 2022, The fair value of the Company’s stock options issued during 2023 Expected volatility 83.1 % Expected life (years) 2.5 Risk-free interest rate 5.51 % Expected dividend yield 1.04 % The expected volatility was estimated based on the Company's calculated historical volatility. 1,000 and 0 options were exercised during the years ended December 31, 2023 2022 , respectively The unvested stock compensation expense is expected to be recognized over a weighted average period of approximately three December 31, 2023 , the remaining unrecognized stock compensation expense for stock options and restricted stock was approximated $232,160 and $394,049, respectively. The following table summarizes additional information about stock options outstanding and exercisable at December 31, 2023 : 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 119,750 4.81 $ 3.11 $ 109,340 107,250 $ 3.20 $ 91,840 The Company has 119,750 and 101,500 stock options outstanding as of December 31, 2023 and 2022 , respectively. The following table summarizes the activity of all stock options outstanding for the years ending December 31, 2023 2022 . 2023 2022 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options outstanding at beginning of year 101,500 $ 2.97 85,000 $ 2.52 Granted 19,750 3.85 16,500 5.29 Exercised (1,000 ) 3.01 0 0 Forfeited (500 ) 5.29 0 0 Balance at December 31: 119,750 $ 3.11 101,500 $ 2.97 Options Exercisable at December 31: 107,250 $ 3.20 76,500 $ 3.15 Dividends The Company's common stock contains rights to participate in earnings, dividends, and voting. In May, 2023 June, 2023 $46,325. August, 2023 September, 2023 totaled $46,330. I November, December, 2023 otaled $46,334. November 2022, December 2022 December 31, 2023 2022, The Company may

Note 9 - Income Taxes

Note 9 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9. The income tax provision consists of the following for the years ended December 31: 2023 2022 Current tax expense $ 387,000 $ 212,000 Deferred tax 10,000 340,000 Total income tax expense $ 397,000 $ 552,000 The reconciliation between expected federal income tax rates and the Company’s effective federal tax rates is as follows for the years ended December 31: 2023 2022 Amount Percent Amount Percent Expected federal tax $ 421,000 21.0 % $ 457,000 21.0 % Permanent differences 2,000 0.1 % 2,000 0.1 % State income tax, net of federal tax benefit 37,000 1.9 % 54,000 2.5 % Foreign tax credit (4,000 ) (0.2 )% 8,000 0.4 % Research and Development tax credit (52,000 ) (2.6 )% (1,000 ) 0.0 % Other (7,000 ) (0.1 )% 32,000 1.4 % Total $ 397,000 20.1 % $ 552,000 25.4 % The following table summarizes the Company’s deferred tax assets and liabilities at December 31: 2023 2022 Current deferred tax asset (liabilities): Accounts payable and accrued expenses $ 57,000 83,000 Accounts receivable, net (727,000 ) (851,000 ) Inventory obsolescence 2,000 1,000 Prepaid expenses (83,000 ) (85,000 ) Customer deposits 180,000 348,000 Net current deferred tax liability (571,000 ) (504,000 ) Long-term deferred tax asset (liabilities): NOL - State 4,000 4,000 Foreign tax credit 14,000 21,000 R&D tax credit 75,000 30,000 Book - Tax depreciation (9,000 ) 0 Section 174 capitalization 73,000 36,000 Stock compensation 60,000 69,000 Investment impairment 13,000 13,000 Net long-term deferred tax asset 230,000 173,000 Net deferred tax liability $ (341,000 ) $ (331,000 ) The company has various state net operating loss carryforwards of approximately $52,600 and other Federal and state tax credit carryforwards of approximately $110,900 that expire between 2026 2035 not may not

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 10. Earnings per share is computed under two The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share: For the Years Ended December 31, 2023 2022 Basic and diluted earnings per share calculation: Net income to common stockholders $ 1,613,005 $ 1,624,453 Weighted average number of common shares outstanding - basic 4,553,080 4,522,536 Basic net income per share $ 0.35 $ 0.36 Weighted average number of common shares outstanding - diluted 4,619,046 4,583,115 Diluted net income per share $ 0.35 $ 0.35 For the years ended December 31, 2023 and 2022 , there were common stock equivalents that had a dilutive effect of 65,966 and 60,579 shares, respectively.

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. None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Company [Policy Text Block]	Company Table Trac was formed under the laws of the State of Nevada in June 1995. The Company provides system sales and technical support to casinos. System sales include installation, custom casino system configuration and training. In addition, license and technical support are provided under an annual license and service contract.
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, determining collectability, the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (SSP) of performance obligations, realizability of accounts receivable, and the valuation of allowance for credit losses, the valuation of deferred tax assets and liabilities and inventory valuation. Actual results could differ from those estimates and the difference could be significant.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk Cash Deposits in Excess of Federally Insured Limits The Company maintains its cash balances at two $250,000. s. Cash equivalents represent money market funds or short-term investments with maturities of three Major Customers The following table summarizes major customers' information for the years ended December 31, 2023 2022 For the Years ended December 31, 2023 2022 % Revenues % AR % Revenues % AR Major 19.2 % 0.0 % 31.7 % 33.7 % All Others 80.8 % 100.0 % 68.3 % 66.3 % Total 100.0 % 100.0 % 100.0 % 100.0 % A major customer is defined as any customer that represents at least 10%
Revenue [Policy Text Block]	Revenue Recognition The Company derives revenues from the sales or leasing of systems, licenses and maintenance fees, and 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 are 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, a visual analysis platform to make casino performance decisions apparent & readily available on a daily basis, KioskTrac and 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 selling price 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 years ended December 31, 2023 2022 Years ended December 31, 2023 2022 2023 2022 (percent of revenues) System revenue $ 3,330,158 $ 6,245,287 35.1 % 56.6 % Maintenance revenue 4,985,415 3,507,924 52.6 % 31.7 % Lease revenue 0 228,886 0.0 % 2.1 % Service and other revenue 1,171,280 1,074,490 12.3 % 9.6 % Total revenues $ 9,486,853 $ 11,056,587 100.0 % 100.0 % System, sales-type lease, and certain other revenue is recorded at a point in time. Maintenance and service revenue is recorded over time. 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 perf ormance. 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 December 31, 2023 2022 , we recorded a contract asset of approximately $0 and $34,800 respectively as a component of accounts receivable. As of January 1, 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 December 31, 2023 2022 y $2,392,560 and $2,781,800 for systems not may 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 8% a Geographic Concentrations The Company sells its technologies and services to casinos in the United States, Australia, Japan, the Caribbean and countries in both Central and South America. For 2023 and 2022 , 91.1% and 95% of the Company’s revenues were from the United States all other locations were less than 10%. As of December 31, 2023 2022 , 88.4% and 92% of the Company’s accounts receivable were from the United States, all other locations were less than 10%.
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, certificate of deposit, 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
Investment, Policy [Policy Text Block]	Short-term Investments The Company currently has one seven three may The total short-term investment was $1,502,805 and $0 as of December 31, 2023 2022 , respectively.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable / Allowance for Credit Losses 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. We maintain an allowance for credit losses for accounts receivable, which is recorded as an offset to accounts receivable, and changes in such are classified as general and administrative expense in the Condensed Statements of Operations. We assess collectibility by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when we identify specific customers with known disputes or collectibility issues. In determining the amount of the allowance for credit losses, we consider historical collectibility based on past due status and make judgments about the creditworthiness of customers based on ongoing credit evaluations. We also consider customer-specific information, current market conditions, and reasonable and supportable forecasts of future economic conditions. Management believes that receivables, net of the allowance for credit losses, are fully collectable. Accounts receivable are written off when management determines collection is no may not not
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 is used to value inventory. Inventory is reviewed quarterly for the lower of cost or net realizable value and obsolescence. Any material cost found to be above net realizable value or considered obsolete is written down accordingly. The Company had $8,768 and $2,273 of obsolescence reserve at December 31, 2023 2022 . The total inventory value was $2,904,158 and $ as of December 31, 2023 2022 , respectively, which included work-in-process of $117,218 and $396,880 as of December 31, 2023 2022 , respectively, and the remaining amount is comprised of finished goods. At December 31, 2023 2022 , the Company had $2,348 and $54,520 of prepaid inventory as a component of prepaid expenses, respectively.
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
Lessee, Leases [Policy Text Block]	Leases The Company determines if an arrangement is a lease at inception. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of an asset includes the right to obtain substantially all of the economic benefits of the underlying asset and the right to direct how and for what purpose the asset is used. Right-of-use (ROU) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not not 842 twelve Rent expense, including the effects of lease incentives, is recognized on a straight-line basis over the term of the lease.
Income Tax, Policy [Policy Text Block]	Income Taxes 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, 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 December 31, 2020 2023, December 31, 2023 not 12 The Company may
Research and Development Expense, Policy [Policy Text Block]	Research and Development Expenditures for research and product development costs, before technological feasibility is reached are expensed as incurred. Research and development expense s were $208,313 and December 31, 2023 2022
Software to be Sold, Leased, or Otherwise Marketed, Policy [Policy Text Block]	Software Development Costs We expense software development costs, including cost to develop software products to be sold, licensed or marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products. As a result, approximately $17,000 and $0 of development costs met these criteria and was capitalized as of December 31, 2023 2022, five 2024.
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.
Earnings Per Share, Policy [Policy Text Block]	Basic and Diluted Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the weighted average shares outstanding are increased to include additional shares from the assumed exercise of stock options and restricted stock shares subject to vesting. The number of additional shares is calculated by assuming that outstanding stock options were exercised and that the proceeds from the exercise were used to acquire shares of common stock at the average market price during the reporting period. Restricted stock shares are included in basic shares as of the beginning of the period in which the vesting conditions are satisfied. (See Note 10
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In June 2016, 2016 13, December 15, 2022, 2016 13 2023, January 1, 2023.

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	For the Years ended December 31, 2023 2022 % Revenues % AR % Revenues % AR Major 19.2 % 0.0 % 31.7 % 33.7 % All Others 80.8 % 100.0 % 68.3 % 66.3 % Total 100.0 % 100.0 % 100.0 % 100.0 %
Disaggregation of Revenue [Table Text Block]	Years ended December 31, 2023 2022 2023 2022 (percent of revenues) System revenue $ 3,330,158 $ 6,245,287 35.1 % 56.6 % Maintenance revenue 4,985,415 3,507,924 52.6 % 31.7 % Lease revenue 0 228,886 0.0 % 2.1 % Service and other revenue 1,171,280 1,074,490 12.3 % 9.6 % Total revenues $ 9,486,853 $ 11,056,587 100.0 % 100.0 %

Note 2 - Accounts Receivable (T

Note 2 - Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, December 31, 2023 2022 Accounts receivable - current $ 2,177,813 $ 1,930,488 Less allowance for credit losses (68,620 ) (62,000 ) Accounts receivable current - net $ 2,109,193 $ 1,868,488 Accounts receivable - long-term $ 891,351 $ 1,523,793
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	December 31, December 31, 2023 2022 Allowance for credit losses, beginning of year $ 62,000 $ 61,376 Additions 46,934 87,627 Write-off (40,314 ) (87,003 ) Accounts receivable allowance for credit losses, end of year 68,620 62,000

Note 3 - Net Investment in Sa_2

Note 3 - Net Investment in Sales Type Lease (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Sales-Type and Direct Financing Leases, Payment to be Received, Maturity [Table Text Block]	Amount 2024 71,700 2025 71,700 2026 26,875 2027 22,800 Total undiscounted cash flows 193,075 Present value discount 15,144 Net investment in lease as of December 31, 2023 $ 177,931

Note 4 - Property and Equipme_2

Note 4 - Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, December 31, 2023 2022 Office equipment $ 136,266 $ 139,338 Vehicles 196,465 211,465 Total 332,731 350,803 Less: accumulated depreciation (294,374 ) (350,803 ) Property and equipment, net $ 38,357 $ 0

Note 7 - Operating Leases (Tabl

Note 7 - Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Leased Facilities 2024 121,351 2025 95,030 2026 40,496 Total Lease Payments 256,877 Less: Interest 15,823 Present value of lease liabilities $ 241,054

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Expected volatility 83.1 % Expected life (years) 2.5 Risk-free interest rate 5.51 % Expected dividend yield 1.04 %
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 119,750 4.81 $ 3.11 $ 109,340 107,250 $ 3.20 $ 91,840
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]	2023 2022 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options outstanding at beginning of year 101,500 $ 2.97 85,000 $ 2.52 Granted 19,750 3.85 16,500 5.29 Exercised (1,000 ) 3.01 0 0 Forfeited (500 ) 5.29 0 0 Balance at December 31: 119,750 $ 3.11 101,500 $ 2.97 Options Exercisable at December 31: 107,250 $ 3.20 76,500 $ 3.15

Note 9 - Income Taxes (Tables)

Note 9 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2023 2022 Current tax expense $ 387,000 $ 212,000 Deferred tax 10,000 340,000 Total income tax expense $ 397,000 $ 552,000
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 Amount Percent Amount Percent Expected federal tax $ 421,000 21.0 % $ 457,000 21.0 % Permanent differences 2,000 0.1 % 2,000 0.1 % State income tax, net of federal tax benefit 37,000 1.9 % 54,000 2.5 % Foreign tax credit (4,000 ) (0.2 )% 8,000 0.4 % Research and Development tax credit (52,000 ) (2.6 )% (1,000 ) 0.0 % Other (7,000 ) (0.1 )% 32,000 1.4 % Total $ 397,000 20.1 % $ 552,000 25.4 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2023 2022 Current deferred tax asset (liabilities): Accounts payable and accrued expenses $ 57,000 83,000 Accounts receivable, net (727,000 ) (851,000 ) Inventory obsolescence 2,000 1,000 Prepaid expenses (83,000 ) (85,000 ) Customer deposits 180,000 348,000 Net current deferred tax liability (571,000 ) (504,000 ) Long-term deferred tax asset (liabilities): NOL - State 4,000 4,000 Foreign tax credit 14,000 21,000 R&D tax credit 75,000 30,000 Book - Tax depreciation (9,000 ) 0 Section 174 capitalization 73,000 36,000 Stock compensation 60,000 69,000 Investment impairment 13,000 13,000 Net long-term deferred tax asset 230,000 173,000 Net deferred tax liability $ (341,000 ) $ (331,000 )

Note 10 - Earnings Per Share (T

Note 10 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Years Ended December 31, 2023 2022 Basic and diluted earnings per share calculation: Net income to common stockholders $ 1,613,005 $ 1,624,453 Weighted average number of common shares outstanding - basic 4,553,080 4,522,536 Basic net income per share $ 0.35 $ 0.36 Weighted average number of common shares outstanding - diluted 4,619,046 4,583,115 Diluted net income per share $ 0.35 $ 0.35

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$ 0	$ 34,800
Accounts Receivable, after Allowance for Credit Loss			$ 1,306,198
Contract with Customer, Asset, Allowance for Credit Loss	$ 2,392,560	2,781,800
Number of Certificates of Deposit	1
Certificates of Deposit, Term (Month)	7 months
Certificates of Deposit, Interest Rate	5.25%
Short-Term Investments	$ 1,502,805	0
Inventory Valuation Reserves	8,768	2,273
Inventory, Net	2,904,158	1,560,175
Inventory, Work in Process, Gross	117,218	396,880
Research and Development Expense	208,313	190,713
Capitalized Contract Cost, Gross	$ 17,000	0
Capitalized Contract Cost, Amortization Period (Year)	5 years
Prepaid Expenses and Other Current Assets [Member]
Prepaid Supplies	$ 2,348	$ 54,520
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | UNITED STATES
Concentration Risk, Percentage	91.10%	95%
Geographic Concentration Risk [Member] | Accounts Receivable [Member] | UNITED STATES
Concentration Risk, Percentage	88.40%	92%
Minimum [Member]
Contract with Customer, Liability, Interest Rate	1%
Property, Plant and Equipment, Useful Life (Year)	2 years
Maximum [Member]
Contract with Customer, Liability, Interest Rate	8%
Property, Plant and Equipment, Useful Life (Year)	5 years
Customer Deposits [Member]
Contract with Customer, Liability			$ 1,576,000

Note 1 - Nature of Business and

Note 1 - Nature of Business and Summary of Significant Accounting Policies - Major Customers (Details) - Customer Concentration Risk [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue Benchmark [Member]
Percent of revenue	100%	100%
Revenue Benchmark [Member] | Major Customers [Member]
Percent of revenue	19.20%	31.70%
Revenue Benchmark [Member] | Other Customer [Member]
Percent of revenue	80.80%	68.30%
Accounts Receivable [Member]
Percent of revenue	100%	100%
Accounts Receivable [Member] | Major Customers [Member]
Percent of revenue	0%	33.70%
Accounts Receivable [Member] | Other Customer [Member]
Percent of revenue	100%	66.30%

Note 1 - Nature of Business a_2

Note 1 - Nature of Business and Summary of Significant Accounting Policies - Disaggregated Revenues by Major Product Line (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total revenues	$ 9,486,853	$ 11,056,587
Percent of revenues	100%	100%
System [Member]
Total revenues	$ 3,330,158	$ 6,245,287
Percent of revenues	35.10%	56.60%
Maintenance [Member]
Total revenues	$ 4,985,415	$ 3,507,924
Percent of revenues	52.60%	31.70%
Lease [Member]
Total revenues	$ 0	$ 228,886
Percent of revenues	0%	2.10%
Service and Other [Member]
Total revenues	$ 1,171,280	$ 1,074,490
Percent of revenues	12.30%	9.60%

Note 2 - Accounts Receivable -

Note 2 - Accounts Receivable - Accounts Receivable (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounts receivable - current	$ 2,177,813	$ 1,930,488
Less allowance for credit losses	(68,620)	(62,000)
Accounts receivable current - net	2,109,193	1,868,488
Accounts receivable - long-term	$ 891,351	$ 1,523,793

Note 2 - Accounts Receivable _2

Note 2 - Accounts Receivable - Allowance for Doubtful Accounts (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses, beginning of year	$ 62,000	$ 61,376
Additions	46,934	87,627
Write-off	(40,314)	(87,003)
Accounts receivable allowance for credit losses, end of year	$ 68,620	$ 62,000

Note 3 - Net Investment in Sa_3

Note 3 - Net Investment in Sales Type Lease (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Sales-Type Lease, Net Investment in Lease, after Allowance for Credit Loss, Current		$ 64,310	$ 59,173
Sales-Type Lease, Net Investment in Lease, after Allowance for Credit Loss, Noncurrent		113,621	176,444
January 2021 [Member]
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
Inventory Derecognized for Sales-type Leases	$ 139,521
Sales-type Lease, Lease Income		41,797	39,369
Sales-type Lease, Interest Income		7,103	$ 9,531
December 2022 [Member]
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			$ 98,279
Inventory Derecognized for Sales-type Leases			46,533
Sales-type Lease, Lease Income		15,588	51,746
Sales-type Lease, Interest Income		$ 5,012	$ 11,673

Note 3 - Net Investment in Sa_4

Note 3 - Net Investment in Sales Type Lease - Future Minimum Lease Payments Receivable (Details)	Dec. 31, 2023 USD ($)
2024	$ 71,700
2025	71,700
2026	26,875
2027	22,800
Total undiscounted cash flows	193,075
Present value discount	15,144
Net investment in lease as of December 31, 2023	$ 177,931

Note 4 - Property and Equipme_3

Note 4 - Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation, Total	$ 1,065	$ 7,879

Note 4 - Property and Equipme_4

Note 4 - Property and Equipment - Property and Equipment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property and equipment	$ 332,731	$ 350,803
Less: accumulated depreciation	(294,374)	(350,803)
Property and equipment, net	38,357	0
Office Equipment [Member]
Property and equipment	136,266	139,338
Vehicles [Member]
Property and equipment	$ 196,465	$ 211,465

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Capitalized Contract Cost, Gross	$ 17,000	$ 0
Capitalized Contract Cost, Amortization Period (Year)	5 years
Capitalized Contract Cost Expected Quarterly Amortization	$ 850

Note 6 - Debt (Details Textual)

Note 6 - Debt (Details Textual) - Revolving Credit Facility [Member] - General Credit Agreement [Member]	Dec. 31, 2023 USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 500,000
Long-term Line of Credit, Total	$ 0
Debt Instrument, Prime Rate Floor	3.75%

Note 7 - Operating Leases (Deta

Note 7 - Operating Leases (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Lease, Weighted Average Discount Rate, Percent	5%	5%
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 160,915	$ 39,648
Operating Lease, Cost	85,228	63,100
Variable Lease, Cost	33,555	30,972
Operating Lease, Payments	$ 87,000	$ 64,000
Operating Lease, Weighted Average Remaining Lease Term (Year)	2 years 1 month 28 days	2 years 7 months 13 days

Note 7 - Operating Leases - Mat

Note 7 - Operating Leases - Maturities of Lease (Details)	Dec. 31, 2023 USD ($)
2024	$ 121,351
2025	95,030
2026	40,496
Total Lease Payments	256,877
Less: Interest	15,823
Present value of lease liabilities	$ 241,054

Note 8 - Stockholders' Equity_2

Note 8 - Stockholders' Equity (Details Textual) - USD ($)												1 Months Ended				12 Months Ended
	Jan. 15, 2024	Dec. 19, 2023	Sep. 30, 2023	Apr. 15, 2023	Mar. 12, 2023	Dec. 16, 2022	Dec. 15, 2022	Mar. 25, 2022	May 14, 2021	Mar. 08, 2021	Jan. 08, 2018	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Nov. 30, 2023	Aug. 30, 2023	May 31, 2023	Nov. 30, 2022	Dec. 31, 2021
Treasury Stock, Common, Shares (in shares)												121,869			134,746	121,869	134,746
Treasury Stock, Value, Total												$ 223,208			$ 233,599	$ 223,208	$ 233,599
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		19,500				16,500			70,000							19,750	16,500
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		$ 38,331				$ 37,969
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)																1,000	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)												119,750			101,500	119,750	101,500					85,000
Dividends Payable, Amount Per Share (in dollars per share)																		$ 0.01	$ 0.01	$ 0.01	$ 0.02
Dividends, Cash												$ 46,334	$ 46,330	$ 46,325	$ 95,112
Dividends																$ 138,989	$ 95,112
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		20,000
Severance Costs				$ 100,500
Robert Siqveland [Member] | Selling, General and Administrative Expenses [Member]
Severance Costs																	141,500
Robert Siqveland [Member] | Forecast [Member]
Severance Costs	$ 33,500
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)			1,877		10,000					15,200	50,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					3 years					2 years	4 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 7,620		$ 50,500					$ 45,300	$ 117,500	$ 394,049	$ 7,620			394,049
Share-Based Payment Arrangement, Expense																$ 77,909	$ 112,079
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)												78,000			102,700	78,000	102,700
Restricted Stock [Member] | Robert Siqveland [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)							12,500	12,500
Share-Based Payment Arrangement, Expense							$ 39,000
Restricted Stock [Member] | Chief Financial Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)								87,500
Restricted Stock [Member] | Chief Financial Officer and Corporate Secretary [Member]
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								$ 349,000
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)											20,000
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche One [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)								20,000
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)											10,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount												$ 232,160				$ 232,160
Share-Based Payment Arrangement, Expense																$ 61,317	$ 106,914
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)																3 years
Share-Based Payment Arrangement, Option [Member] | Robert Siqveland [Member]
Share-Based Payment Arrangement, Expense							$ 37,000
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 8 - Stockholders' Equity -

Note 8 - Stockholders' Equity - Stock Option Valuation Assumptions (Details) - Share-Based Payment Arrangement, Option [Member]	12 Months Ended
	Dec. 31, 2023
Expected volatility	83.10%
Expected life (Year)	2 years 6 months
Risk-free interest rate	5.51%
Expected dividend yield	1.04%

Note 8 - Stockholders' Equity_3

Note 8 - Stockholders' Equity - Summary of Additional Information About Stock Options Outstanding and Exercisable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)	119,750	101,500	85,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	4 years 9 months 21 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 3.11	$ 2.97	$ 2.52
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 109,340
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)	107,250	76,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 3.2	$ 3.15
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	$ 91,840

Note 8 - Stockholders' Equity_4

Note 8 - Stockholders' Equity - Share-based Compensation by Award (Details) - $ / shares				12 Months Ended
	Dec. 19, 2023	Dec. 16, 2022	May 14, 2021	Dec. 31, 2023	Dec. 31, 2022
Options outstanding (in shares)				101,500	85,000
Options outstanding, weighted average exercise price (in dollars per share)				$ 2.97	$ 2.52
Granted (in shares)	19,500	16,500	70,000	19,750	16,500
Granted, weighted average exercise price (in dollars per share)				$ 3.85	$ 5.29
Exercised (in shares)				(1,000)	0
Exercised, weighted average exercise price (in dollars per share)				$ 3.01	$ 0
Forfeited (in shares)				(500)	0
Forfeited, weighted average exercise price (in dollars per share)				$ 5.29	$ 0
Options outstanding (in shares)				119,750	101,500
Options outstanding, weighted average exercise price (in dollars per share)				$ 3.11	$ 2.97
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)				107,250	76,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share)				$ 3.2	$ 3.15

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual)	Dec. 31, 2023 USD ($)
Operating Loss Carryforwards	$ 52,600
Federal and State [Member]
Tax Credit Carryforward, Amount	$ 110,900

Note 9 - Income Taxes - Income

Note 9 - Income Taxes - Income Tax Provision (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current tax expense	$ 387,000	$ 212,000
Deferred tax	10,000	340,000
Total income tax expense	$ 397,000	$ 552,000

Note 9 - Income Taxes - Incom_2

Note 9 - Income Taxes - Income Tax Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Expected federal tax	$ 421,000	$ 457,000
Expected federal tax, percent	21%	21%
Permanent differences	$ 2,000	$ 2,000
Permanent differences, percent	0.10%	0.10%
State income tax, net of federal tax benefit	$ 37,000	$ 54,000
State income tax, net of federal tax benefit, percent	1.90%	2.50%
Foreign tax credit	$ (4,000)	$ 8,000
Foreign tax credit, percent	(0.20%)	0.40%
Research and Development tax credit	$ (52,000)	$ (1,000)
Research and Development tax credit, percent	(2.60%)	0%
Other	$ (7,000)	$ 32,000
Other, percent	(0.10%)	1.40%
Total income tax expense	$ 397,000	$ 552,000
Total, percent	20.10%	25.40%

Note 9 - Income Taxes - Deferre

Note 9 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounts payable and accrued expenses	$ 57,000	$ 83,000
Accounts receivable, net	(727,000)	(851,000)
Inventory obsolescence	2,000	1,000
Prepaid expenses	(83,000)	(85,000)
Customer deposits	180,000	348,000
Net current deferred tax liability	(571,000)	(504,000)
NOL - State	4,000	4,000
Foreign tax credit	14,000	21,000
R&D tax credit	75,000	30,000
Book - Tax depreciation	(9,000)	0
Section 174 capitalization	73,000	36,000
Stock compensation	60,000	69,000
Investment impairment	13,000	13,000
Net long-term deferred tax asset	230,000	173,000
Net deferred tax liability	$ (341,000)	$ (331,000)

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Number of Shares Outstanding, Diluted, Adjustment (in shares)	65,966	60,579

Note 10 - Earnings Per Share -

Note 10 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Basic and diluted earnings per share calculation:
Net income to common stockholders	$ 1,613,005	$ 1,624,453
Weighted average number of common shares outstanding - basic (in shares)	4,553,080	4,522,536
Basic net income per share (in dollars per share)	$ 0.35	$ 0.36
Weighted average number of common shares outstanding - diluted (in shares)	4,619,046	4,583,115
Diluted net income per share (in dollars per share)	$ 0.35	$ 0.35