Blackboxstocks (BLBX) 10-Q 15 Nov 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 11, 2021
Document Information [Line Items]
Entity Central Index Key	0001567900
Entity Registrant Name	BLACKBOXSTOCKS INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-41051
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	45-3598066
Entity Address, Address Line One	5430 LBJ Freeway, Suite 1485
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75240
City Area Code	972
Local Phone Number	726-9203
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	BLBX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,525,323

Balance Sheets (Current Period

Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 420,400	$ 972,825
Accounts receivable, net of allowance for doubtful accounts of $68,589 at September 30, 2021 and December 31, 2020, respectively	16,698	17,990
Inventory	23,457	17,661
Other current assets	1,804	0
Prepaid expenses	112,914	44,643
Prepaid expenses, related party (Note 5)	36,700	36,700
Total current assets	611,973	1,089,819
Property and equipment:
Right of use lease, net of amortization of $135,029 and $97,725 at September 30, 2021 and December 31, 2020, respectively	414,070	62,348
Total property and equipment	465,897	68,030
Total assets	1,077,870	1,157,849
Current liabilities:
Accounts payable	533,782	352,545
Accrued interest	6,296	10,425
Unearned subscriptions	773,139	1,016,157
Lease liability right of use, current	60,092	40,473
Other liabilities	0	180,000
Senior secured note payable, current	10,000	10,000
Convertible notes payable, net of discount of $-0- and $194,267 at September 30, 2021 and December 31, 2020, respectively (Note 7)	35,220	257,150
Notes payable (Note 7)	96,795	131,605
Notes payable, related party (Note 7)	0	859
Total current liabilities	1,515,324	1,999,214
Long term liabilities:
Senior secured note payable, long term, net of debt issuance costs of $59,911 and $99,852 at September 30, 2021 and December 31, 2020, respectively	930,089	890,148
Lease liability right of use, long term	353,978	26,241
Total long term liabilities	1,284,067	916,389
Commitments and contingencies (Note 8)
Stockholders' deficit
Preferred stock	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized: 10,320,879 and 8,410,386 issued and outstanding at September 30, 2021 and December 31, 2020, respectively	10,321	8,410
Common stock, subscribed	0	12,500
Additional paid in capital	6,186,463	5,401,154
Accumulated deficit	(7,921,575)	(7,184,818)
Total stockholders' deficit	(1,721,521)	(1,757,754)
Total liabilities and stockholders' deficit	1,077,870	1,157,849
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred stock	3,270	5,000
Machinery and Equipment [Member]
Property and equipment:
Office, computer and related equipment, net of depreciation of $76,426 and $61,961 at September 30, 2021 and December 31, 2020, respectively	$ 51,827	$ 5,682

Balance Sheets (Current Perio_2

Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Accounts receivable, allowance for doubtful accounts	$ 68,589	$ 68,589
Right of use lease, amortization	135,029	97,725
Senior secured note payable, long-term, debt issuance costs	$ 59,911	$ 99,852
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	10,320,879	8,410,386
Common stock, shares outstanding (in shares)	10,320,879	8,410,386
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	3,269,998	5,000,000
Preferred stock, shares outstanding (in shares)	3,269,998	5,000,000
Convertible Notes Payable [Member]
Convertible notes payable, discount	$ 0	$ 194,267
Machinery and Equipment [Member]
Property and equipment, depreciation	$ 76,426	$ 61,961

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues	$ 1,471,814	$ 1,100,329	$ 4,425,088	$ 2,324,428
Cost of revenues	469,601	288,213	1,274,953	700,723
Gross margin	1,002,213	812,116	3,150,135	1,623,705
Operating expenses:
Software development costs	111,898	83,705	445,591	175,950
Selling, general and administrative	1,098,427	466,225	2,320,841	1,131,661
Advertising and marketing	286,057	173,559	840,557	404,635
Depreciation and amortization	4,760	3,144	14,465	9,972
Total operating expenses	1,501,142	726,633	3,621,454	1,722,218
Operating income (loss)	(498,929)	85,483	(471,319)	(98,513)
Other (income) expense:
Interest expense	30,281	33,469	104,576	128,229
Convertible note financing	0	0	0	500,469
Gain on derivative liability	0	(10,757)	0	(1,166,242)
Default expense	0	0	0	24,750
Amortization of debt discount	10,171	135,482	194,267	250,335
Gain on forgiveness of note payable	(33,405)	0	(33,405)	0
Total other (income) expense	7,047	158,194	265,438	(262,459)
Income (loss) before income taxes	(505,976)	(72,711)	(736,757)	163,946
Income Taxes	0	0	0	0
Net income (loss)	$ (505,976)	$ (72,711)	$ (736,757)	$ 163,946
Weighted average number of common shares outstanding - basic (in shares)	9,717,580	8,116,112	8,942,024	8,006,006
Weighted average number of common shares outstanding - fully diluted (in shares)				13,084,927
Net income (loss) per share - basic (in dollars per share)	$ (0.05)	$ (0.01)	$ (0.08)	$ 0.02
Net income per share - fully diluted (in dollars per share)				$ 0.01
Subscription and Circulation [Member]
Revenues	$ 1,466,363	$ 1,093,245	$ 4,412,536	$ 2,306,094
Product and Service, Other [Member]
Revenues	$ 5,451	$ 7,084	$ 12,552	$ 18,334

Statement of Stockholders' Defi

Statement of Stockholders' Deficit (Unaudited) - USD ($)	Warrants Issued in Connection Amendment of Notes Payable [Member]Additional Paid-in Capital [Member]	Warrants Issued in Connection Amendment of Notes Payable [Member]	Warrants Issued for Compensation [Member]Additional Paid-in Capital [Member]	Warrants Issued for Compensation [Member]	Preferred Stock [Member]	Preferred Stock Outstanding [Member]Series A Preferred Stock [Member]	Common Stock [Member]	Common Stock, Subscribed [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Dec. 31, 2019					0	5,000,000	7,908,231
Balance at Dec. 31, 2019					$ 0	$ 5,000	$ 7,908	$ 35,060	$ 3,443,640	$ (6,829,907)	$ (3,338,299)
Issuance of shares in settlement of expenses (in shares)					0	0	50,005
Issuance of shares in settlement of expenses					$ 0	$ 0	$ 50	0	99,950	0	100,000
Net income (loss)					$ 0	$ 0	$ 0	0	0	42,829	42,829
Balances (in shares) at Mar. 31, 2020					0	5,000,000	7,958,236
Balance at Mar. 31, 2020					$ 0	$ 5,000	$ 7,958	35,060	3,543,590	(6,787,078)	(3,195,470)
Balances (in shares) at Dec. 31, 2019					0	5,000,000	7,908,231
Balance at Dec. 31, 2019					$ 0	$ 5,000	$ 7,908	35,060	3,443,640	(6,829,907)	(3,338,299)
Net income (loss)											163,946
Balances (in shares) at Sep. 30, 2020					0	5,000,000	8,171,187
Balance at Sep. 30, 2020					$ 0	$ 5,000	$ 8,171	35,060	4,910,784	(6,665,961)	(1,706,946)
Balances (in shares) at Mar. 31, 2020					0	5,000,000	7,958,236
Balance at Mar. 31, 2020					$ 0	$ 5,000	$ 7,958	35,060	3,543,590	(6,787,078)	(3,195,470)
Net income (loss)					0	0	0	0	0	193,828	193,828
Warrants issued	$ 282,693	$ 282,693			$ 0	$ 0	$ 0	0		0
Balances (in shares) at Jun. 30, 2020					0	5,000,000	7,958,236
Balance at Jun. 30, 2020					$ 0	$ 5,000	$ 7,958	35,060	3,826,283	(6,593,250)	(2,718,949)
Issuance of shares in settlement of expenses (in shares)					0	0	3,334
Issuance of shares in settlement of expenses					$ 0	$ 0	$ 3	0	6,497	0	6,500
Net income (loss)					0	0	0	0	0	(72,711)	(72,711)
Warrants issued	$ 371,243	$ 371,243			$ 0	$ 0	$ 0	0		0
Issuance of shares for cash (in shares)					0	0	184,617
Issuance of shares for cash					$ 0	$ 0	$ 185	0	135,971	0	136,156
Issuance of shares in exchange for services (in shares)					0	0	25,000
Issuance of shares in exchange for services					$ 0	$ 0	$ 25	0	48,725	0	48,750
Convertible note forbearance extinguishment of derivative liability					$ 0	$ 0	$ 0	0	522,065	0	522,065
Balances (in shares) at Sep. 30, 2020					0	5,000,000	8,171,187
Balance at Sep. 30, 2020					$ 0	$ 5,000	$ 8,171	35,060	4,910,784	(6,665,961)	(1,706,946)
Balances (in shares) at Dec. 31, 2020					0	5,000,000	8,410,386
Balance at Dec. 31, 2020					$ 0	$ 5,000	$ 8,410	12,500	5,401,154	(7,184,818)	(1,757,754)
Net income (loss)					$ 0	$ 0	$ 0	0	0	12,555	12,555
Issuance of shares for cash (in shares)					0	0	70,772
Issuance of shares for cash					$ 0	$ 0	$ 71	0	137,935	0	138,006
Issuance of subscribed shares (in shares)					0	0	6,411
Issuance of subscribed shares					$ 0	$ 0	$ 6	(12,500)	12,494	0	0
Issuance of shares in settlement of liabilities (in shares)					0	0	92,308
Issuance of shares in settlement of liabilities					$ 0	$ 0	$ 93	0	179,907	0	180,000
Balances (in shares) at Mar. 31, 2021					0	5,000,000	8,579,877
Balance at Mar. 31, 2021					$ 0	$ 5,000	$ 8,580	0	5,731,490	(7,172,263)	(1,427,193)
Balances (in shares) at Dec. 31, 2020					0	5,000,000	8,410,386
Balance at Dec. 31, 2020					$ 0	$ 5,000	$ 8,410	12,500	5,401,154	(7,184,818)	(1,757,754)
Net income (loss)											$ (736,757)
Issuance of shares for cash (in shares)											11,000
Issuance of subscribed shares (in shares)											6,411
Issuance of subscribed shares								(12,500)
Balances (in shares) at Sep. 30, 2021					0	3,269,998	10,320,879
Balance at Sep. 30, 2021					$ 0	$ 3,270	$ 10,321	0	6,186,463	(7,921,575)	$ (1,721,521)
Balances (in shares) at Mar. 31, 2021					0	5,000,000	8,579,877
Balance at Mar. 31, 2021					$ 0	$ 5,000	$ 8,580	0	5,731,490	(7,172,263)	(1,427,193)
Net income (loss)					$ 0	$ 0	$ 0	0	0	(243,336)	(243,336)
Issuance of shares in exchange for services (in shares)					0	0	11,000
Issuance of shares in exchange for services					$ 0	$ 0	$ 11	0	21,439	0	21,450
Balances (in shares) at Jun. 30, 2021					0	5,000,000	8,590,877
Balance at Jun. 30, 2021					$ 0	$ 5,000	$ 8,591	0	5,752,929	(7,415,599)	(1,649,079)
Net income (loss)					0	0	0	0	0	(505,976)	(505,976)
Warrants issued			$ 10,635	$ 10,635	$ 0	$ 0	$ 0	0		0
Issuance of common shares from conversion of Series A preferred shares (in shares)					0	(1,730,002)	1,730,002
Issuance of common shares from conversion of Series A preferred shares					$ 0	$ (1,730)	$ 1,730	0	0	0	0
Issuance of options for compensation					$ 0	$ 0	$ 0	0	422,899	0	422,899
Balances (in shares) at Sep. 30, 2021					0	3,269,998	10,320,879
Balance at Sep. 30, 2021					$ 0	$ 3,270	$ 10,321	$ 0	$ 6,186,463	$ (7,921,575)	$ (1,721,521)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ (736,757)	$ 163,946
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	14,465	9,972
Amortization of note discount and issuance costs	234,208	250,335
Shares issued in settlement of financing costs	0	100,000
Shares issued in settlement of services	21,450	55,250
Stock based compensation	433,534	0
Expenses paid by lender	0	6,030
Convertible note financing	0	500,469
Change in fair value of derivative liability	0	(1,166,242)
Convertible note default expense	0	24,750
Gain on forgiveness of note payable	(33,405)	0
Right of use lease	(4,366)	1,086
Changes in operating assets and liabilities:
Accounts receivable	1,292	(14,489)
Inventory	(5,796)	(14,757)
Other current assets	(1,804)	0
Prepaid expenses	(68,271)	0
Accounts payable	181,237	(50,764)
Accrued interest	(4,129)	(11,901)
Accrued interest, related party	0	10,960
Unearned subscriptions	(243,018)	227,734
Net cash provided by (used in) operating activities	(211,360)	92,379
Cash flows from investing activities:
Purchase of property and equipment	(60,610)	0
Cash repayments from related parties	0	6,890
Net cash used in investing activities	(60,610)	6,890
Cash flows from financing activities:
Common stock issued for cash	138,006	136,156
Proceeds from issuance of notes payable	0	127,100
Proceeds from issuance of convertible notes payable	0	100,000
Proceeds from Payroll Protection Program	0	130,200
Principal payments on notes payable	(1,405)	(331,573)
Principal payments on convertible notes payable	(416,197)	(13,289)
Principal payments on notes payable, related parties	(859)	(103,558)
Net cash provided by (used in) financing activities	(280,455)	45,036
Net increase (decrease) in cash	(552,425)	144,305
Cash - beginning of year	972,825	21,172
Cash - end of period	420,400	165,477
Supplemental disclosures:
Interest paid	108,705	0
Income taxes paid	0	0
Non-cash investing and financing activities:
Repayment of note in exchange for note payable	0	39,370
Common stock issued in settlement of accrued liabilities	180,000	0
Repayment of note payable, related party in exchange for advances	0	2,933
Issuance of warrants for forbearance agreements	0	371,243
Preferred Stock Series A Converted to Common Stock [Member]
Non-cash investing and financing activities:
Preferred Series A shares converted to common shares	1,730	0
Notes Payable One [Member]
Non-cash investing and financing activities:
Discount on notes payable	$ 0	$ 69,500

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Blackboxstocks Inc. was incorporated on October 4, 2011 11 The Company changed its name to Blackboxstocks, Inc. and began operating as a financial technology and social media platform in March 2016. may 8,000 1,000,000 September 2016.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. The accompanying interim unaudited financial statements and footnotes of Blackboxstocks Inc. have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and the instructions to Rule 10 01 X not not December 31, 2021. 10 December 31, 2020. Use of Estimates Cash three Recently Issued Accounting Pronouncements nine September 30, 2021 not Earnings or (Loss) Per Share Revenue Recognition -

Note 3 - Stockholders' Deficit

Note 3 - Stockholders' Deficit	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	3. Stockholders Deficit The Company has authorized 10,000,000 shares of preferred stock at $0.001 par value, 5,000,000 of which are designated as “Series A Convertible Preferred Stock” at $0.001 par value and 100,000,000 authorized shares of common stock at $0.001 par value (“Common Stock”). Shares of Series A Convertible Preferred Stock do not no one May 27, 2021 May 27, 2021 July 2021. August 2021, September 30, 2021 During the nine September 30, 2021, During the nine September 30, 2021, third During the nine September 30, 2021,

Note 4 - Warrants to Purchase C

Note 4 - Warrants to Purchase Common Stock	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	4. Costs attributable to the issuance of warrants to purchase common stock are measured at fair value at the date of issuance and offset with a corresponding increase in ‘Additional Paid in Capital’ at the time of issuance. Until January 1, 2021, Concurrently with the execution of certain securities purchase agreements during 2020, one five In conjunction with the issuance of convertible notes payable as described in Note 7, one five Beginning January 1, 2021, September 30, 2021, On September 11, 2021, ten The following table presents the Company’s warrants as of September 30, 2021 December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2019 84,295 $ 1.95 4.45 Issued 510,644 $ 0.84 5.00 Exercised (115,385 ) $ 0.01 - Warrants as of December 31, 2020 479,554 $ 1.24 4.34 Issued 152,602 $ 1.80 10.00 Exercised - $ - - Warrants as of September 30, 2021 632,156 $ 1.37 4.64 At September 30, 2021,

Note 5 - Incentive Stock Plan

Note 5 - Incentive Stock Plan	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	4. Costs attributable to the issuance of warrants to purchase common stock are measured at fair value at the date of issuance and offset with a corresponding increase in ‘Additional Paid in Capital’ at the time of issuance. Until January 1, 2021, Concurrently with the execution of certain securities purchase agreements during 2020, one five In conjunction with the issuance of convertible notes payable as described in Note 7, one five Beginning January 1, 2021, September 30, 2021, On September 11, 2021, ten The following table presents the Company’s warrants as of September 30, 2021 December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2019 84,295 $ 1.95 4.45 Issued 510,644 $ 0.84 5.00 Exercised (115,385 ) $ 0.01 - Warrants as of December 31, 2020 479,554 $ 1.24 4.34 Issued 152,602 $ 1.80 10.00 Exercised - $ - - Warrants as of September 30, 2021 632,156 $ 1.37 4.64 At September 30, 2021,
Share-based Payment Arrangement, Option [Member]
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	5. On August 11, 2021, 2021 During the period ended September 30, 2021, On August 31, 2021, ten On September 11, 2021, ten 11, 2021 twelve September 30, 2021, none The following table presents the Company’s options as of September 30, 2021 December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Options as of December 31, 2020 - $ - - Issued 612,500 $ 3.04 10.00 Exercised - $ - - Options as of September 30, 2021 612,500 $ 3.04 9.92 At September 30, 2021,

Note 6 - Related Party Transact

Note 6 - Related Party Transactions	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	6. Related Party Transactions G2 “G2” September 30, 2021 2020 G2/IPA. three six

Note 7 - Debt

Note 7 - Debt	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	7. A summary of the Company’s debt at September 30, 2021 December 31, 2020, 9/30/2021 12/31/2020 $ 1,000,000 12 $ 1,000,000 $ 1,000,000 $ 130,200 1 96,795 130,200 $ 108,000 - 859 $ 385,000 8 35,220 318,012 $ 165,000 8 - 133,405 Miscellaneous equipment loans - 1,405 1,132,015 1,583,881 Less unamortized discount and debt issuance costs (59,911 ) (294,119 ) Total notes payable $ 1,072,104 $ 1,289,762 Current portion of long-term debt 142,015 399,614 Long-term portion $ 930,089 $ 890,148 Notes Payable On May 1, 2020, May 1, 2022. August 2021, On November 12, 2020, November 12, 2022. one first Notes Payable, related party On December 6, 2018, third nine September 30, 2021 December 31, 2020 September 30, 2021 Convertible Notes Payable On May 21, 2019, 8% third July 17, 2019, two December 31, 2019 2020, On July 10, 2020, 8% no July 20, 2020 thirteen January 10, 2021 July 10, 2025. During the nine September 30, 2021, July 17, 2019 September 30, 2021 nine September 30, 2021, May 21, 2019 September 30, 2021

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	8. On August 11, 2020 three three September 30, 2021, November 9, 2021, 9 On February 22, 2021 847 2,685 September 30, 2025. April 14, 2021, September 30, 2028. The table below shows the future lease payment obligations: Year Ending December 31, Amount 2021 $ 22,291 2022 88,792 2023 87,934 2024 89,948 2025 9,112 Thereafter 260,781 $ 558,858 The Company is not

Note 9 - Subsequent Events

Note 9 - Subsequent Events	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	9. On November 9, 2021 may five On November 1, 2021,

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash three
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements nine September 30, 2021 not
Earnings Per Share, Policy [Policy Text Block]	Earnings or (Loss) Per Share
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition -

Note 4 - Warrants to Purchase_2

Note 4 - Warrants to Purchase Common Stock (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2019 84,295 $ 1.95 4.45 Issued 510,644 $ 0.84 5.00 Exercised (115,385 ) $ 0.01 - Warrants as of December 31, 2020 479,554 $ 1.24 4.34 Issued 152,602 $ 1.80 10.00 Exercised - $ - - Warrants as of September 30, 2021 632,156 $ 1.37 4.64

Note 5 - Incentive Stock Plan (

Note 5 - Incentive Stock Plan (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Options as of December 31, 2020 - $ - - Issued 612,500 $ 3.04 10.00 Exercised - $ - - Options as of September 30, 2021 612,500 $ 3.04 9.92

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Debt [Table Text Block]	9/30/2021 12/31/2020 $ 1,000,000 12 $ 1,000,000 $ 1,000,000 $ 130,200 1 96,795 130,200 $ 108,000 - 859 $ 385,000 8 35,220 318,012 $ 165,000 8 - 133,405 Miscellaneous equipment loans - 1,405 1,132,015 1,583,881 Less unamortized discount and debt issuance costs (59,911 ) (294,119 ) Total notes payable $ 1,072,104 $ 1,289,762 Current portion of long-term debt 142,015 399,614 Long-term portion $ 930,089 $ 890,148

Note 8 - Commitments and Cont_2

Note 8 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Year Ending December 31, Amount 2021 $ 22,291 2022 88,792 2023 87,934 2024 89,948 2025 9,112 Thereafter 260,781 $ 558,858

Note 3 - Stockholders' Deficit

Note 3 - Stockholders' Deficit (Details Textual)	Jul. 14, 2021shares	May 27, 2021shares	Aug. 31, 2021shares	Mar. 31, 2021USD ($)	Sep. 30, 2021USD ($)$ / sharesshares	Sep. 30, 2020USD ($)	Dec. 31, 2020$ / sharesshares
Preferred Stock, Shares Authorized (in shares)					5,000,000		5,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares					$ 0.001		$ 0.001
Common Stock, Shares Authorized (in shares)					100,000,000		100,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares					$ 0.001		$ 0.001
Preferred Stock, Shares Outstanding, Ending Balance (in shares)					0		0
Convertible Liability, Original Amount | $					$ 180,000
Conversion of Convertible Liability, Shares Issued (in shares)					92,308
Convertible Liability, Conversion Price (in dollars per share) | $ / shares					$ 1.95
Stock Issued During Period, Shares, New Issues (in shares)					11,000
Proceeds from Issuance of Common Stock | $					$ 138,006	$ 136,156
Stock Issued During Period, Shares, Previously Subscribed Shares (in shares)					6,411
Stock Issued During Period, Value, Previously Subscribed Shares | $				$ 0
Shares Issued, Price Per Share (in dollars per share) | $ / shares					$ 1.95
Issuance of Stock and Warrants for Services or Claims | $					$ 21,450
Common Stock, Subscribed [Member]
Stock Issued During Period, Value, Previously Subscribed Shares | $				$ (12,500)	$ (12,500)
Issuance of Common Stock 1 [Member]
Stock Issued During Period, Shares, New Issues (in shares)					70,772
Proceeds from Issuance of Common Stock | $					$ 138,006
Director, President, CEO,CFO, and Secretary [Member] | Conversion of Series A Convertible Preferred Shares into Common Stock [Member]
Conversion of Stock, Shares Issued (in shares)	1,130,002		600,000
Total Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)					10,000,000
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)					5,000,000		5,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares					$ 0.001		$ 0.001
Convertible Preferred Stock, Shares Issued upon Conversion (in shares)					1
Preferred Stock, Number of Votes Per Share					100
Preferred Stock, Shares Outstanding, Ending Balance (in shares)					3,269,998		5,000,000
Series A Preferred Stock [Member] | Director, President, CEO,CFO, and Secretary [Member]
Convertible Preferred Stock, Shares Sold and Transferred by Individual (in shares)		1,130,002	600,000
Preferred Stock, Shares Outstanding, Ending Balance (in shares)					3,269,998

Note 4 - Warrants to Purchase_3

Note 4 - Warrants to Purchase Common Stock (Details Textual)	Sep. 11, 2021USD ($)$ / sharesshares	Sep. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020$ / shares	Jul. 20, 2020$ / sharesshares	Jul. 10, 2020shares	Jun. 23, 2020$ / sharesshares	Dec. 31, 2019$ / shares
Warrants and Rights Outstanding, Term (Year)		10 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Vested (in shares)		534,937
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Unvested (in shares)		97,219
Warrant, Nonvested, Cost Not yet Recognized, Amount | $		$ 371,936
Chief Financial Officer [Member]
Warrants and Rights Outstanding, Term (Year)	10 years
Warrants and Rights Outstanding | $	$ 382,571
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 1.95
Warrants and Rights, Vesting Term (Month)	36 months
Measurement Input, Risk Free Interest Rate [Member]
Warrants and Rights Outstanding, Measurement Input		1.30
Measurement Input, Price Volatility [Member]
Warrants and Rights Outstanding, Measurement Input		50
Minimum [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares		$ 1.37	$ 1.24				$ 1.95
Warrants in Connection with Common Stock Sold [Member]
Warrants and Rights Outstanding | $		$ 639,194
Warrants in Connection with Common Stock Sold [Member] | Minimum [Member]
Warrants and Rights Outstanding, Term (Year)		1 year
Warrants in Connection with Common Stock Sold [Member] | Maximum [Member]
Warrants and Rights Outstanding, Term (Year)		5 years
Warrants Issued With Convertible Notes Payable [Member]
Warrants and Rights Outstanding, Term (Year)						1 year
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)						115,385
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares						$ 0.01
Second Warrants Issued With Convertible Notes Payable [Member]
Warrants and Rights Outstanding, Term (Year)				5 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)				360,000	360,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares				$ 1

Note 4 - Warrants to Purchase_4

Note 4 - Warrants to Purchase Common Stock - Warrant Activity (Details) - $ / shares	Jan. 01, 2020	Sep. 30, 2021	Dec. 31, 2020
Warrants outstanding, number of shares (in shares)	84,295	479,554	84,295
Warrants, average remaining life (Year)	4 years 5 months 12 days	4 years 7 months 20 days	4 years 4 months 2 days
Issued, number of shares (in shares)		152,602	510,644
Issued, average remaining life (Year)		10 years	5 years
Exercised (in shares)		0	(115,385)
Exercised, number of shares (in shares)		632,156	479,554
Minimum [Member]
Warrants, exercise price (in dollars per share)	$ 1.95	$ 1.24	$ 1.95
Issued, exercise price (in dollars per share)		1.80	0.84
Exercised, exercise price (in dollars per share)		0	0.01
Warrants, exercise price (in dollars per share)		$ 1.37	$ 1.24

Note 5 - Incentive Stock Plan_2

Note 5 - Incentive Stock Plan (Details Textual) - The 2021 Incentive Stock Plan [Member] - USD ($)	Sep. 11, 2021	Aug. 31, 2021	Sep. 30, 2021	Sep. 30, 2021	Aug. 11, 2021
Common Stock, Capital Shares Reserved for Future Issuance (in shares)					750,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			1.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year)			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	15,000	597,500		612,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year)	10 years	10 years
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 4.96	$ 2.99		$ 3.04
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Fair Value	$ 44,823	$ 1,076,340
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares)			222,085	222,085
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares, Ending Balance (in shares)			390,415	390,415
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount			$ 698,264	$ 698,264
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	6,048
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)				0
Restricted Stock [Member] | Vesting Monthly [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Month)	12 months

Note 5 - Incentive Stock Plan -

Note 5 - Incentive Stock Plan - Option Activity Under Stock Plan (Details) - The 2021 Incentive Stock Plan [Member] - $ / shares	Sep. 11, 2021	Aug. 31, 2021	Sep. 30, 2021
Outstanding (in shares)			0
Outstanding, weighted average exercise price (in dollars per share)			$ 0
Issued (in shares)	15,000	597,500	612,500
Issued, weighted average exercise price (in dollars per share)	$ 4.96	$ 2.99	$ 3.04
Issued, weighted average remaining life (Year)			10 years
Exercised (in shares)			0
Exercised, weighted average exercise price (in dollars per share)			$ 0
Outstanding (in shares)			612,500
Outstanding, weighted average exercise price (in dollars per share)			$ 3.04
Options outstanding, weighted average remaining life (Year)			9 years 11 months 1 day

Note 6 - Related Party Transa_2

Note 6 - Related Party Transactions (Details Textual) - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Prepaid Expenses, Related Party, Current	$ 36,700	$ 36,700
G2 and IPA [Member]
Prepaid Expenses, Related Party, Current	$ 36,700		$ 36,700

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) - USD ($)	Nov. 12, 2020	Jul. 10, 2020	May 01, 2020	Jul. 17, 2019	Dec. 06, 2018	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Aug. 31, 2021	Jul. 20, 2020	Dec. 31, 2019	May 21, 2019
Repayments of Notes Payable							$ 1,405	$ 331,573
Repayments of Trade Payables	$ 133,880
Adjustments to Additional Paid in Capital, Convertible Note Forbearance Extinguishment of Derivative Liability						$ 522,065
Warrants Issued							0	$ 371,243
Second Warrants Issued With Convertible Notes Payable [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		360,000									360,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)											$ 1
Notes Payable, Other Payables [Member] | Director, President, CEO,CFO, and Secretary [Member]
Proceeds from Related Party Debt					$ 108,000
Repayments of Related Party Debt							859		$ 107,141
Due to Related Parties, Total							$ 0
Convertible Notes Payable Issued May 21, 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage							8.00%		8.00%				8.00%
Debt Instrument, Face Amount							$ 385,000		$ 385,000				$ 385,000
Repayments of Notes Payable							282,792
Debt Instrument, Discount Rate													10.00%
Notes Payable, Current, Total							$ 35,220
Convertible Notes Payable Issued July 17, 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage							8.00%		8.00%
Debt Instrument, Face Amount				$ 165,000			$ 165,000		$ 165,000
Repayments of Notes Payable							133,405
Debt Instrument, Discount Rate				10.00%
Debt Instrument, Convertible, Beneficial Conversion Feature				$ 342,308
Debt Instrument, Redemption Fee, Amount									$ 24,750			$ 57,750
Notes Payable, Current, Total							$ 0
Convertible Notes Payable Issued July 10, 2020 [Member] | Embedded Derivative Financial Instruments [Member]
Adjustments to Additional Paid in Capital, Convertible Note Forbearance Extinguishment of Derivative Liability		$ 522,065
Warrants Issued in Connection Amendment of Notes Payable [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)		$ 1
Warrants Issued		$ 371,243
Paycheck Protection Program CARES Act [Member]
Proceeds from Issuance of Long-term Debt, Total			$ 130,200
Debt Instrument, Interest Rate, Stated Percentage			1.00%				1.00%		1.00%
Long-term Debt, Total										$ 96,795
Debt Instrument, Face Amount							$ 130,200		$ 130,200
Loan Agreement [Member]
Debt Instrument, Interest Rate, Stated Percentage	12.00%						12.00%		12.00%
Debt Instrument, Face Amount	$ 1,000,000						$ 1,000,000		$ 1,000,000
Secured Note Payable [Member]
Repayments of Notes Payable	$ 100,000

Note 7 - Debt - Schedule of Deb

Note 7 - Debt - Schedule of Debt (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Short-term and Long-term Debt, Gross	$ 1,132,015	$ 1,583,881
Less unamortized discount and debt issuance costs	(59,911)	(294,119)
Total notes payable	1,072,104	1,289,762
Current portion of long-term debt	142,015	399,614
Long-term portion	930,089	890,148
Convertible Notes Payable Issued May 21, 2019 [Member]
Short-term Debt	35,220	318,012
Convertible Notes Payable Issued July 17, 2019 [Member]
Short-term Debt	0	133,405
Loan Agreement [Member]
Long-term Debt, Gross	1,000,000	1,000,000
Paycheck Protection Program CARES Act [Member]
Long-term Debt, Gross	96,795	130,200
Second Note [Member] | Notes Payable, Other Payables [Member] | Director, President, CEO,CFO, and Secretary [Member]
Short-term Debt	0	859
Miscellaneous Equipment Loans [Member]
Long-term Debt, Gross	$ 0	$ 1,405

Note 7 - Debt - Schedule of D_2

Note 7 - Debt - Schedule of Debt (Details) (Parentheticals) - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Nov. 12, 2020	May 01, 2020	Jul. 17, 2019	May 21, 2019
Convertible Notes Payable Issued May 21, 2019 [Member]
Face amount	$ 385,000	$ 385,000				$ 385,000
Interest Rate	8.00%	8.00%				8.00%
Convertible Notes Payable Issued July 17, 2019 [Member]
Face amount	$ 165,000	$ 165,000			$ 165,000
Interest Rate	8.00%	8.00%
Loan Agreement [Member]
Face amount	$ 1,000,000	$ 1,000,000	$ 1,000,000
Interest Rate	12.00%	12.00%	12.00%
Paycheck Protection Program CARES Act [Member]
Face amount	$ 130,200	$ 130,200
Interest Rate	1.00%	1.00%		1.00%
Second Note [Member] | Notes Payable, Other Payables [Member] | Director, President, CEO,CFO, and Secretary [Member]
Face amount	$ 108,000	$ 108,000

Note 8 - Commitments and Cont_3

Note 8 - Commitments and Contingencies (Details Textual) - Winspear [Member] - shares	Sep. 30, 2021	Aug. 11, 2020	Nov. 09, 2021
Strategic Advisory Services Agreement Minimum Term (Month)		3 months
Strategic Advisory ServicesAgreement Shares Compensation at Inception (in shares)		20,000
Strategic Advisory Services Agreement Monthly Compensation Common Stock Shares (in shares)		5,000
Strategic Advisory Services Agreement Additional Twelve Months Term Monthly Compensation Common Stock Shares (in shares)		3,000
Agreement Covenant, Common Stock Issued Upon NASDAQ Listing (in shares)		80,000
Stock Issued During Period, Shares, Issued for Services (in shares)	59,000
Stock Issued During Period, Shares, Remain Payable (in shares)	9,000
Subsequent Event [Member]
Stock Issued During Period, Shares, Remain Payable (in shares)			80,000

Note 8 - Commitments and Cont_4

Note 8 - Commitments and Contingencies - Future Lease Payment Obligations (Details)	Apr. 14, 2021USD ($)
2021	$ 22,291
2022	88,792
2023	87,934
2024	89,948
2025	9,112
Thereafter	260,781
Lessee, Operating Lease, Liability, to be Paid, Total	$ 558,858

Note 9 - Subsequent Events (Det

Note 9 - Subsequent Events (Details Textual) - USD ($)	Nov. 09, 2021	Nov. 01, 2021	Sep. 30, 2021	Sep. 30, 2020
Stock Issued During Period, Shares, New Issues (in shares)			11,000
Shares Issued, Price Per Share (in dollars per share)			$ 1.95
Proceeds from Issuance of Common Stock			$ 138,006	$ 136,156
Warrants and Rights Outstanding, Term (Year)			10 years
Subsequent Event [Member]
Stock Issued During Period, Shares, New Issues (in shares)	2,400,000
Shares Issued, Price Per Share (in dollars per share)	$ 5
Proceeds from Issuance of Common Stock	$ 10,610,000
Stock Issued During Period, Shares, Exercise of Warrants (in shares)		204,444
Class of Warrant or Right, Exercised (in shares)		240,000
Subsequent Event [Member] | Underwriters Warrants [Member]
Class of Warrant or Right, Shares to Purchase Granted, Percent	6.00%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	144,000
Class of Warrant or Right, Exercise Price of Warrants or Rights, Percent (in dollars per share)	$ 125
Warrants and Rights Outstanding, Term (Year)	5 years
Subsequent Event [Member] | Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues (in shares)	360,000
Shares Issued, Price Per Share (in dollars per share)	$ 5
Sale of Stock, Over-allotment Option Period (Day)	45 days