Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Mar. 28, 2022 | Jun. 30, 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 | FY | ||
Document Fiscal Year Focus | 2021 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 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 | ||
Trading Symbol | BLBX | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 10,718,441 | ||
Entity Common Stock, Shares Outstanding | 13,185,659 | ||
Auditor Name | Turner, Stone & Company, L.L.P. | ||
Auditor Location | Dallas, Texas | ||
Auditor Firm ID | 76 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash | $ 2,426,497 | $ 972,825 |
Accounts receivable, net of allowance for doubtful accounts of $68,589 at December 31, 2021 and 2020, respectively | 18,585 | 17,990 |
Inventory | 13,567 | 17,661 |
Marketable securities | 8,015,882 | 0 |
Prepaid expenses and other current assets | 227,440 | 44,643 |
Prepaid expenses, related party (Note 7) | 0 | 36,700 |
Total current assets | 10,701,971 | 1,089,819 |
Property and equipment: | ||
Right of use lease, net of amortization of $150,829 and $97,725 at December 31, 2021 and 2020, respectively | 398,270 | 62,348 |
Total property and equipment | 448,143 | 68,030 |
Total assets | 11,150,114 | 1,157,849 |
Current liabilities: | ||
Accounts payable | 585,615 | 352,545 |
Accrued interest | 6,544 | 10,425 |
Unearned subscriptions | 1,302,036 | 1,016,157 |
Lease liability right of use, current | 62,630 | 40,473 |
Other liabilities | 0 | 180,000 |
Senior secured note payable, net of debt issuance costs of $46,597 and $-0- at December 31, 2021 and 2020, respectively (Note 8) | 943,403 | 10,000 |
Convertible notes payable, net of discount of $-0- and $194,267 at December 31, 2021 and 2020, respectively (Note 8) | 0 | 257,150 |
Note payable, current portion (Note 8) | 28,448 | 131,605 |
Notes payable, related party (Note 8) | 0 | 859 |
Total current liabilities | 2,928,676 | 1,999,214 |
Long term liabilities: | ||
Senior secured note payable, long term, net of debt issuance costs of $-0- and $99,852 at December 31, 2021 and 2020, respectively (Note 8) | 0 | 890,148 |
Note payable (Note 8) | 68,347 | 0 |
Lease liability right of use, long term | 335,641 | 26,241 |
Total long term liabilities | 403,988 | 916,389 |
Commitments and contingencies (Note 9) | ||
Stockholders' equity (deficit) | ||
Common stock, $0.001 par value, 100,000,000 shares authorized: 13,099,272 and 8,410,386 issued and outstanding at December 31, 2021 and 2020, respectively | 13,099 | 8,410 |
Common stock subscribed | 0 | 12,500 |
Common stock payable | 15,000 | 0 |
Additional paid in capital | 17,586,635 | 5,401,154 |
Accumulated deficit | (9,800,554) | (7,184,818) |
Total stockholders' equity (deficit) | 7,817,450 | (1,757,754) |
Total liabilities and stockholders' equity (deficit) | 11,150,114 | 1,157,849 |
Undesignated Preferred Stock [Member] | ||
Stockholders' equity (deficit) | ||
Preferred Stock | 0 | 0 |
Series A Preferred Stock [Member] | ||
Stockholders' equity (deficit) | ||
Preferred Stock | 3,270 | 5,000 |
Machinery and Equipment [Member] | ||
Property and equipment: | ||
Office, computer and related equipment, net of depreciation of $81,682 and $61,961 at December 31, 2021 and 2020, respectively | $ 49,873 | $ 5,682 |
Balance Sheets (Parentheticals)
Balance Sheets (Parentheticals) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Accounts receivable, allowance for doubtful accounts | $ 68,589 | $ 68,589 |
Right of use lease, amortization | 150,829 | 97,725 |
Convertible notes payable, discount | 0 | 194,267 |
Senior secured note payable, long-term, debt issuance costs | $ 0 | $ 99,852 |
Preferred stock, par value (in dollars per share) | $ 0.001 | |
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) | 13,099,272 | 8,410,386 |
Common stock, shares outstanding (in shares) | 13,099,272 | 8,410,386 |
Undesignated 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) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
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] | ||
Debt issuance costs | $ 46,597 | $ 0 |
Machinery and Equipment [Member] | ||
Property and equipment, depreciation | $ 81,682 | $ 61,961 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | $ 6,112,324 | $ 3,367,563 |
Cost of revenues | 1,851,355 | 1,201,320 |
Gross margin | 4,260,969 | 2,166,243 |
Operating expenses: | ||
Software development costs | 642,872 | 94,221 |
Selling, general and administrative | 4,625,333 | 1,766,130 |
Advertising and marketing | 1,250,882 | 705,706 |
Depreciation and amortization | 19,721 | 12,884 |
Total operating expenses | 6,538,808 | 2,578,941 |
Operating income (loss) | (2,277,839) | (412,698) |
Other (income) expense: | ||
Interest expense | 135,492 | 174,083 |
Convertible note financing | 0 | 500,469 |
Gain on derivative liability | 0 | (1,155,718) |
Default expense | 0 | 24,750 |
Amortization of debt discount and issuance costs | 247,522 | 398,629 |
Gain on forgiveness of note payable | (33,405) | 0 |
Investment income | (11,712) | 0 |
Total other (income) expense | 337,897 | (57,787) |
Loss before income taxes | (2,615,736) | (354,911) |
Income Taxes | 0 | 0 |
Net loss | $ (2,615,736) | $ (354,911) |
Weighted average number of common shares outstanding - basic and diluted (in shares) | 9,644,973 | 8,074,164 |
Net loss per share - basic and diluted (in dollars per share) | $ (0.27) | $ (0.04) |
Subscription and Circulation [Member] | ||
Revenues | $ 6,087,081 | $ 3,340,983 |
Product and Service, Other [Member] | ||
Revenues | $ 25,243 | $ 26,580 |
Statement of Stockholders' Defi
Statement of Stockholders' Deficit - USD ($) | Warrants Issued for Compensation [Member] | Preferred Stock Outstanding [Member]Series A Preferred Stock [Member] | Common Stock [Member] | Common Stock, Subscribed [Member] | Common Stock Payable [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 5,000,000 | 7,908,231 | ||||||
Balance at Dec. 31, 2019 | $ 5,000 | $ 7,908 | $ 35,060 | $ 3,443,640 | $ (6,829,907) | $ (3,338,299) | ||
Issuance of shares for cash, net of fees (in shares) | 346,533 | |||||||
Issuance of shares for cash, net of fees | $ 347 | 430,195 | 430,542 | |||||
Subscription shares cancelled | (22,560) | (22,560) | ||||||
Issuance of shares pursuant to conversion (in shares) | 51,283 | |||||||
Issuance of shares pursuant to conversion | $ 51 | 145,472 | 145,523 | |||||
Issuance of shares in settlement of expenses (in shares) | 56,339 | |||||||
Issuance of shares in settlement of expenses | $ 56 | 112,294 | $ 112,350 | |||||
Issuance of shares in exchange for services (in shares) | 48,000 | 48,000 | ||||||
Issuance of shares in exchange for services | $ 48 | 93,552 | $ 93,600 | |||||
Convertible note forbearance extinguishment of derivative liability | 522,065 | 522,065 | ||||||
Warrants issued for amendment of convertible notes payable | 653,936 | 653,936 | ||||||
Net loss | (354,911) | (354,911) | ||||||
Balance (in shares) at Dec. 31, 2020 | 5,000,000 | 8,410,386 | ||||||
Balance at Dec. 31, 2020 | $ 5,000 | $ 8,410 | 12,500 | 5,401,154 | (7,184,818) | (1,757,754) | ||
Issuance of shares pursuant to conversion (in shares) | (1,730,002) | 1,730,002 | ||||||
Issuance of shares pursuant to conversion | $ (1,730) | $ 1,730 | ||||||
Issuance of shares in exchange for services (in shares) | 175,000 | |||||||
Issuance of shares in exchange for services | $ 175 | 668,325 | 668,500 | |||||
Warrants issued for amendment of convertible notes payable | $ 165,431 | 165,431 | ||||||
Net loss | (2,615,736) | (2,615,736) | ||||||
Issuance of shares and warrants for cash, net of fees (in shares) | 2,470,772 | |||||||
Issuance of shares and warrants for cash, net of fees | $ 2,471 | 10,655,449 | $ 10,657,920 | |||||
Issuance of subscribed shares (in shares) | 6,411 | 6,411 | ||||||
Issuance of subscribed shares | $ 6 | $ (12,500) | 12,494 | |||||
Issuance of shares in settlement of liabilities (in shares) | 92,308 | |||||||
Issuance of shares in settlement of liabilities | $ 93 | 179,907 | $ 180,000 | |||||
Common stock payable for compensation | $ 15,000 | 15,000 | ||||||
Issuance of shares for cashless exercise of warrants (in shares) | 214,393 | |||||||
Issuance of shares for cashless exercise of warrants | $ 214 | (214) | ||||||
Issuance of options for compensation | 504,089 | 504,089 | ||||||
Balance (in shares) at Dec. 31, 2021 | 3,269,998 | 13,099,272 | ||||||
Balance at Dec. 31, 2021 | $ 3,270 | $ 13,099 | $ 15,000 | $ 17,586,635 | $ (9,800,554) | $ 7,817,450 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities: | ||
Net loss | $ (2,615,736) | $ (354,911) |
Depreciation and amortization expense | 19,721 | 12,884 |
Amortization of note discount and issuance costs | 247,522 | 398,629 |
Shares issued in settlement of financing costs | 0 | 105,850 |
Shares issued in settlement of services | 668,500 | 100,100 |
Stock based compensation | 684,520 | 0 |
Expenses paid by lender | 0 | 6,030 |
Convertible note financing | 0 | 500,469 |
Change in fair value of derivative liability | 0 | (1,155,718) |
Convertible note default expense | 0 | 24,750 |
Gain on forgiveness of note payable | (33,405) | 0 |
Right of use lease | (4,365) | 591 |
Investment income | (11,712) | 0 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (595) | (12,245) |
Inventory | 4,094 | (17,661) |
Prepaid expenses and other current assets | (182,797) | 36,225 |
Prepaid expenses, related party | 36,700 | 0 |
Accounts payable | 233,070 | (279,742) |
Accrued interest | (3,881) | (32,141) |
Accrued interest, related party | 0 | (16,680) |
Unearned subscriptions | 285,879 | 827,150 |
Net cash provided by (used in) operating activities | (672,485) | 143,580 |
Cash flows from investing activities: | ||
Purchase of property and equipment | (63,912) | (1,299) |
Purchase of marketable securities | (8,004,170) | 0 |
Cash repayments from related parties | 0 | 9,823 |
Net cash provided by (used in) investing activities | (8,068,082) | 8,524 |
Cash flows from financing activities: | ||
Common stock and warrants issued for cash | 10,657,920 | 430,542 |
Common stock subscribed | 0 | (22,560) |
Proceeds from issuance of notes payable | 0 | 1,127,100 |
Debt issuance costs | 0 | (99,852) |
Proceeds from issuance of convertible notes payable | 0 | 100,000 |
Proceeds from Payroll Protection Program Loan | 0 | 130,200 |
Principal payments on senior secured note payable | (10,000) | 0 |
Principal payments on notes payable | (1,405) | (457,657) |
Principal payments on convertible notes payable | (451,417) | (181,083) |
Principal payments on notes payable, related parties | (859) | (227,141) |
Net cash provided by financing activities | 10,194,239 | 799,549 |
Net increase in cash | 1,453,672 | 951,653 |
Cash - beginning of year | 972,825 | 21,172 |
Cash - end of year | 2,426,497 | 972,825 |
Supplemental disclosures: | ||
Interest paid | 139,373 | 186,516 |
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 |
Common stock issued in settlement of convertible notes payable | 0 | 100,000 |
Repayment of note payable, related party in exchange for advances | 0 | 2,933 |
Issuance of warrants for forbearance agreements | 0 | 371,243 |
Notes Payable One [Member] | ||
Non-cash investing and financing activities: | ||
Discount on notes payable | $ 0 | $ 69,500 |
Note 1 - Organization
Note 1 - Organization | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Blackboxstocks Inc. (the “Company”) 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 10,000 1,500,000 September 2016. On November 10, 2021, |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Basis of Presentation Use of Estimates Cash and cash equivalents three Investments in Marketable Securities December 31, 2021, Fair Value of Financial Instruments 820, not may may Recently Issued Accounting Pronouncements December 31, 2021, not Property and Equipment three Income Taxes not not. Management evaluates the probability of the realization of its deferred income tax assets. Management determined that because the Company has not In accordance with ASC Topic 740, not Earnings or (Loss) Per Share. The Company had total potential additional dilutive securities outstanding at December 31, 2021 2020, 2021 2020 Series A Convertible Preferred Shares 3,269,998 5,000,000 Conversion rate 0.2 1.0 Common shares after conversion 654,000 5,000,000 Option shares 675,833 0 Warrant shares 558,336 479,554 Share-Based Payment 718, Revenue Recognition not Other Liabilities not first 2021 4 Software Development Costs 985 third Prepaid Expenses |
Note 3 - Marketable Securities
Note 3 - Marketable Securities | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 3. The Company determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following three may Level 1 Level 2 Level 3 The Company’s marketable securities are highly liquid and are quoted on major exchanges and are therefore classified as Level 1 December 31, 2021: Level 1 Level 2 Level 3 Total Balance at January 1, 2021 $ - $ - $ - $ - Additions 8,004,170 - - 8,004,170 Change in fair value 11,712 - - 11,712 Balance at December 31, 2021 $ 8,015,882 $ - $ - $ 8,015,882 |
Note 4 - Stockholders' Equity (
Note 4 - Stockholders' Equity (Deficit) | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 4. Equity (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 (“Series A Stock”) rank pari passu with the Company’s Common Stock with respect to dividend and liquidation rights. Additionally, each share entitles the holder to 100 2021, October 14, 2021 one one ● If the Company’s market capitalization is less than $150,000,000, the outstanding Series A Stock will be convertible into Common Stock on a 5 1 ● If the Company’s market capitalization is equal to or greater than $150,000,000 but less than $200,000,000, 3.3 1 ● If the Company’s market capitalization is equal to or greater than $200,000,000 $250,000,000, 2.5 1 ● If the Company’s market capitalization is equal to or greater than $250,000,000 $350,000,000 1.75 1 ● If the Company’s market capitalization is equal to or greater than $350,000,000 1 1 The Conversion Rights Agreement terminates when the last share of Series A Stock is either converted or the largest market capitalization threshold is met. On January 28, 2020 third January 27, 2020 ( 7 On July 6, 2020, 6, On August 28, 2020 third During the year ended December 31, 2020 $1.95 9 During the year ended December 31, 2020 5 third During the year ended December 31, 2020 third During the year ended December 31, 2020 On October 7, 2020 third May 24, 2018, not During the year ended December 31, 2021, third During the year ended December 31, 2021, 2 During the year ended December 31, 2021, $1.95 9 During the year ended December 31, 2021, 9 During the year ended December 31, 2021, third During the year ended December 31, 2021, third 4 On November 9, 2021, 45 December 2021. |
Note 5 - Warrants to Purchase C
Note 5 - Warrants to Purchase Common Stock | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 5. 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, Beginning January 1, 2021, December 31, 2021, 50% 10 Concurrently with the execution of certain securities purchase agreements during 2020, one five In conjunction with the issuance of convertible notes payable during 2020 7, one five On September 11, 2021, ten 36 On September 11, 2021, ten On November 9, 2021, 3 five The following table presents the Company’s warrants as of December 31, 2021 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 328,731 $ 3.77 7.01 Exercised (249,949 ) $ 1.04 3.77 Warrants as of December 31, 2021 558,336 $ 3.28 5.09 At December 31, 2021, |
Note 6 - Incentive Stock Plan
Note 6 - Incentive Stock Plan | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 5. 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, Beginning January 1, 2021, December 31, 2021, 50% 10 Concurrently with the execution of certain securities purchase agreements during 2020, one five In conjunction with the issuance of convertible notes payable during 2020 7, one five On September 11, 2021, ten 36 On September 11, 2021, ten On November 9, 2021, 3 five The following table presents the Company’s warrants as of December 31, 2021 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 328,731 $ 3.77 7.01 Exercised (249,949 ) $ 1.04 3.77 Warrants as of December 31, 2021 558,336 $ 3.28 5.09 At December 31, 2021, |
Share-based Payment Arrangement, Option [Member] | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 6. On August 4, 2021, 2021 “2021 August 31, 2021. 2021 2021 During the period ended December 31, 2021, 1.30%, 50% In addition, 6,048 shares of restricted common stock were granted on September 11, 2021, nine December 31, 2021, The following table presents the Company’s options as of December 31, 2021 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Options as of December 31, 2020 - $ - - Issued 682,500 $ 3.07 10.00 Forfeited (6,667 ) $ 2.99 9.69 Exercised - $ - - Options as of December 31, 2021 675,833 $ 3.07 9.69 At December 31, 2021, |
Note 7 - Related Party Transact
Note 7 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 7. As of January 1, 2020, December 31, 2020 December 31, 2021, During the year ended December 31, 2020, two December 31, 2020, September 11, 2021. G2 “G2” December 31, 2020, G2/IPA. December 31, 2021. On August 11, 2020 100% During the years ended December 31 2020 2021 December 2021. December 31, 2021 The Company entered into Conversion Rights Agreement dated effective as of October 14, 2021 4 |
Note 8 - Debt
Note 8 - Debt | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 8. Notes Payable On May 1, 2020, May 1, 2022. August 2021, December 2021, 1% May 4, 2025. On November 12, 2020, November 12, 2022. one first December 31, 2021 2020, On March 9, 2022 December 31, 2021 September 30, 2022, December 31, 2021. Notes Payable, related party During December 2018, third December 31, 2021 2020, December 31, 2021 2020 Convertible Notes Payable During May 2019, 8% third July 2019 two December 31, 2020, During July 2020 8% no July 20, 2020 thirteen January 10, 2021, July 10, 2025. December 31, 2021. On March 23, 2020, third April 30, 2020, March 25, 2021. June 23, 2020 $0.60 July 6, 2020 November 12, 2020, |
Note 9 - Derivative Liabilities
Note 9 - Derivative Liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | 9. The Company determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following three may Level 1 Level 2 Level 3 The Company’s derivative liabilities were classified as Level 3 December 31, 2020: Level 1 Level 2 Level 3 Balance at December 31, 2019 $ - $ - $ 1,405,530 Additions - - 317,776 Amendments - - (224,066 ) Retirements - - (567,588 ) Change in fair value - - (931,652 ) Balance at December 31, 2020 $ - $ - $ - |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 10. During August 2017 5430 September 2017 September 30, 2022. February 2021, 847 2,685 September 30, 2025. April 14, 2021, September 30, 2028. Operating lease agreements are required to be recognized on the balance sheet as right of use assets and corresponding lease liabilities under ASC 842, February April 2021 The Company records rent expense associated with this lease on a straight-line basis in conjunction with the terms of the underlying lease. During the years ended December 31, 2021 2020, The table below shows the future lease payment obligations: Year Ending December 31, Amount 2022 $ 88,786 2023 87,934 2024 89,948 2025 91,122 2026 93,136 Thereafter 167,645 $ 618,571 The Company is not |
Note 11 - Income Taxes
Note 11 - Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 11. The Company has established deferred tax assets and liabilities for the recognition of future deductions or taxable amounts and operating loss carry forwards. Deferred federal income tax expense or benefit is recognized as a result of the change in the deferred tax asset or liability during the year using the currently enacted tax laws and rates that apply to the period in which they are expected to affect taxable income. Valuation allowances are established, if necessary, to reduce deferred tax assets to the amounts that will more likely than not During the years ended December 31, 2021 2020, 2021 2020 Income tax benefit at statutory rate $ 549,000 $ 75,000 Temporary differences - - Permanent differences (153,000 ) 233,000 Valuation allowance (396,000 ) (308,000 ) Provision for federal income taxes $ - $ - At December 31, 2021, may no may not 2038. |
Note 12 - Subsequent Events
Note 12 - Subsequent Events | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 12. On January 7, 2022, December 31, 2022 March 28, 2022, not On March 9, 2022 December 31, 2021 September 30, 2022, December 31, 2021. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and cash equivalents three |
Marketable Securities, Policy [Policy Text Block] | Investments in Marketable Securities December 31, 2021, |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments 820, not may may |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements December 31, 2021, not |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment three |
Income Tax, Policy [Policy Text Block] | Income Taxes not not. Management evaluates the probability of the realization of its deferred income tax assets. Management determined that because the Company has not In accordance with ASC Topic 740, not |
Earnings Per Share, Policy [Policy Text Block] | Earnings or (Loss) Per Share. The Company had total potential additional dilutive securities outstanding at December 31, 2021 2020, 2021 2020 Series A Convertible Preferred Shares 3,269,998 5,000,000 Conversion rate 0.2 1.0 Common shares after conversion 654,000 5,000,000 Option shares 675,833 0 Warrant shares 558,336 479,554 |
Share-based Payment Arrangement [Policy Text Block] | Share-Based Payment 718, |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition not |
Other Liabilities [Policy Text Block] | Other Liabilities not first 2021 4 |
Research, Development, and Computer Software, Policy [Policy Text Block] | Software Development Costs 985 third |
Prepaid Expenses [Policy Text Block] | Prepaid Expenses |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | 2021 2020 Series A Convertible Preferred Shares 3,269,998 5,000,000 Conversion rate 0.2 1.0 Common shares after conversion 654,000 5,000,000 Option shares 675,833 0 Warrant shares 558,336 479,554 |
Note 3 - Marketable Securities
Note 3 - Marketable Securities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Level 1 Level 2 Level 3 Total Balance at January 1, 2021 $ - $ - $ - $ - Additions 8,004,170 - - 8,004,170 Change in fair value 11,712 - - 11,712 Balance at December 31, 2021 $ 8,015,882 $ - $ - $ 8,015,882 |
Note 5 - Warrants to Purchase_2
Note 5 - Warrants to Purchase Common Stock (Tables) | 12 Months Ended |
Dec. 31, 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 328,731 $ 3.77 7.01 Exercised (249,949 ) $ 1.04 3.77 Warrants as of December 31, 2021 558,336 $ 3.28 5.09 |
Note 6 - Incentive Stock Plan (
Note 6 - Incentive Stock Plan (Tables) | 12 Months Ended |
Dec. 31, 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 682,500 $ 3.07 10.00 Forfeited (6,667 ) $ 2.99 9.69 Exercised - $ - - Options as of December 31, 2021 675,833 $ 3.07 9.69 |
Note 9 - Derivative Liabiliti_2
Note 9 - Derivative Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | Level 1 Level 2 Level 3 Balance at December 31, 2019 $ - $ - $ 1,405,530 Additions - - 317,776 Amendments - - (224,066 ) Retirements - - (567,588 ) Change in fair value - - (931,652 ) Balance at December 31, 2020 $ - $ - $ - |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year Ending December 31, Amount 2022 $ 88,786 2023 87,934 2024 89,948 2025 91,122 2026 93,136 Thereafter 167,645 $ 618,571 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2021 2020 Income tax benefit at statutory rate $ 549,000 $ 75,000 Temporary differences - - Permanent differences (153,000 ) 233,000 Valuation allowance (396,000 ) (308,000 ) Provision for federal income taxes $ - $ - |
Note 1 - Organization (Details
Note 1 - Organization (Details Textual) - shares | Nov. 10, 2021 | Jan. 28, 2020 |
Stock Issued During Period, Shares, New Issues (in shares) | 2,400,000 | 50,000 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Mar. 03, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment, Useful Life (Year) | 3 years | ||
Other Liabilities, Current, Total | $ 0 | $ 180,000 | $ 180,000 |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Potential Additional Dilutive Securities Outstanding (Details) | 12 Months Ended | |
Dec. 31, 2021shares | Dec. 31, 2020shares | |
Series A Convertible Preferred Shares (in shares) | 3,269,998 | 5,000,000 |
Conversion rate | 0.2 | 1 |
Common shares after conversion (in shares) | 654,000 | 5,000,000 |
Warrant [Member] | ||
Warrant shares (in shares) | 558,336 | 479,554 |
Share-based Payment Arrangement, Nonemployee [Member] | ||
Option shares (in shares) | 675,833 | 0 |
Note 3 - Marketable Securitie_2
Note 3 - Marketable Securities - Summary of Assets Measured at Fair Value By Measurement Input Level (Details) | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Additions, marketable securities | $ 8,004,170 |
Change in fair value | 11,712 |
Balance | 8,015,882 |
Fair Value, Inputs, Level 1 [Member] | |
Additions, marketable securities | 8,004,170 |
Change in fair value | 11,712 |
Balance | $ 8,015,882 |
Note 4 - Stockholders' Equity_2
Note 4 - Stockholders' Equity (Deficit) (Details Textual) | Nov. 10, 2021shares | Nov. 09, 2021$ / sharesshares | Oct. 07, 2020USD ($) | Aug. 28, 2020$ / sharesshares | Jan. 28, 2020$ / sharesshares | Dec. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Sep. 11, 2021USD ($)$ / sharesshares | Jul. 06, 2020USD ($)$ / sharesshares | Dec. 31, 2019$ / shares | May 24, 2018shares |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||
Common Stock, Shares Authorized (in shares) | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||
Conversion of Stock, Shares Converted (in shares) | 3,269,998 | 5,000,000 | |||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,400,000 | 50,000 | |||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 1.95 | $ 2 | $ 1.95 | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 144,000 | 32,129 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 6.25 | $ 1.95 | |||||||||||
Warrants and Rights Outstanding | $ | $ 122,916 | ||||||||||||
Stock Issued During Period, Shares, Settlement of Accrued Expenses (in shares) | 3,334 | ||||||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 48,000 | ||||||||||||
Warrant and Stock, Issued in Period (in shares) | 70,514 | ||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 10 years | |||||||||||
Proceeds from Issuance or Sale of Equity, Total | $ | $ 137,501 | ||||||||||||
Proceeds from Issuance of Common Stock | $ | $ 10,657,920 | 430,542 | |||||||||||
Payment to Cancel Common Stock Subscriptions | $ | $ 35,060 | ||||||||||||
Common Stock, Shares Subscribed but Unissued (in shares) | 35,200 | ||||||||||||
Stock Issued During Period, Shares, Previously Subscribed Shares (in shares) | 6,411 | ||||||||||||
Convertible Liability, Original Amount | $ | $ 180,000 | $ 180,000 | $ 180,000 | ||||||||||
Conversion of Convertible Liability, Shares Issued (in shares) | 92,308 | ||||||||||||
Convertible Liability, Conversion Price (in dollars per share) | $ / shares | $ 1.95 | $ 1.95 | $ 1.95 | ||||||||||
Stock Issued During Period, Value, Issued for Services | $ | $ 668,500 | 93,600 | |||||||||||
Share-based Payment Arrangement, Nonemployee [Member] | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 214,393 | 214,393 | 214,393 | ||||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 75,000 | ||||||||||||
Stock Issued During Period, Value, Issued for Services | $ | $ 229,500 | ||||||||||||
Class of Warrant or Right, Cashless Exercise During Period, Shares (in shares) | 249,949 | ||||||||||||
Share-based Payment Arrangement, Nonemployee [Member] | Common Stock, 1.95 Per Share [Member] | Winspear [Member] | |||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 1.95 | $ 1.95 | $ 1.95 | ||||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 20,000 | ||||||||||||
Stock Issued During Period, Value, Issued for Services | $ | $ 39,000 | ||||||||||||
Share-based Payment Arrangement, Nonemployee [Member] | Common Stock, 5.00 Per Share [Member] | Winspear [Member] | |||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 5 | $ 5 | $ 5 | ||||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 80,000 | ||||||||||||
Stock Issued During Period, Value, Issued for Services | $ | $ 400,000 | ||||||||||||
Common Stock, Subscribed [Member] | |||||||||||||
Stock Issued During Period, Value, Previously Subscribed Shares | $ | $ (12,500) | ||||||||||||
Convertible Promissory Notes [Member] | |||||||||||||
Embedded Derivative, Fair Value of Embedded Derivative Liability | $ | 45,523 | ||||||||||||
Conversion of Convertible Promissory Notes to Common Stock [Member] | |||||||||||||
Debt Conversion, Original Debt, Amount | $ | $ 100,000 | ||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in shares) | 51,283 | ||||||||||||
Issuance of Common Stock 1 [Member] | |||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 70,772 | 160,634 | |||||||||||
Proceeds from Issuance of Common Stock | $ | $ 138,006 | $ 313,236 | |||||||||||
Payments of Stock Issuance Costs | $ | $ 21,349 | ||||||||||||
Common Stock [Member] | |||||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,400,000 | ||||||||||||
Proceeds from Issuance of Common Stock | $ | $ 10,519,914 | ||||||||||||
Payments of Stock Issuance Costs | $ | $ 220,086 | ||||||||||||
Share Price (in dollars per share) | $ / shares | $ 5 | ||||||||||||
Additional Shares of Stock, Maximum (in shares) | 360,000 | ||||||||||||
Underwriting Discounts and Commissions on Sale of Stock | $ | $ 1,260,000 | ||||||||||||
Warrants Issued in Connection Amendment of Notes Payable [Member] | |||||||||||||
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 | ||||||||||||
Warrants and Rights Outstanding | $ | $ 1,154 | ||||||||||||
Warrants Issued to Third Party [Member] | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 35,259 | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.95 | ||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | ||||||||||||
One for Five Share Basis [Member] | |||||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 5 | 5 | 5 | ||||||||||
One for Three Point ThreeShare Basis [Member] | |||||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 3.3 | 3.3 | 3.3 | ||||||||||
One for Two Point Five Share Basis [Member] | |||||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 2.5 | 2.5 | 2.5 | ||||||||||
One For One Point Seven Five Share Basis [Member] | |||||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 1.75 | 1.75 | 1.75 | ||||||||||
One For One Share Basis [Member] | |||||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 1 | 1 | 1 | ||||||||||
Minimum [Member] | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 3.28 | $ 3.28 | $ 3.28 | $ 1.24 | $ 1.95 | ||||||||
Total Preferred Stock [Member] | |||||||||||||
Preferred Stock, Shares Authorized (in shares) | 10,000,000 | 10,000,000 | 10,000,000 | ||||||||||
Series A Preferred Stock [Member] | |||||||||||||
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | |||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||
Preferred Stock, Number of Votes Per Share | 100 | 100 | 100 | ||||||||||
Conversion of Stock, Shares Converted (in shares) | 1,730,002 | ||||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 1 | ||||||||||||
Series A Preferred Stock [Member] | Maximum [Member] | One for Five Share Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | $ 150,000,000 | $ 150,000,000 | $ 150,000,000 | ||||||||||
Series A Preferred Stock [Member] | Maximum [Member] | One for Three Point ThreeShare Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||
Series A Preferred Stock [Member] | Maximum [Member] | One for Two Point Five Share Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | 250,000,000 | 250,000,000 | 250,000,000 | ||||||||||
Series A Preferred Stock [Member] | Maximum [Member] | One For One Point Seven Five Share Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | 350,000,000 | 350,000,000 | 350,000,000 | ||||||||||
Series A Preferred Stock [Member] | Minimum [Member] | One for Three Point ThreeShare Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | 150,000,000 | 150,000,000 | 150,000,000 | ||||||||||
Series A Preferred Stock [Member] | Minimum [Member] | One for Two Point Five Share Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||
Series A Preferred Stock [Member] | Minimum [Member] | One For One Point Seven Five Share Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | 250,000,000 | 250,000,000 | 250,000,000 | ||||||||||
Series A Preferred Stock [Member] | Minimum [Member] | One For One Share Basis [Member] | |||||||||||||
Market Capitalization, Conversion Threshold, Value | $ | $ 350,000,000 | $ 350,000,000 | $ 350,000,000 |
Note 5 - Warrants to Purchase_3
Note 5 - Warrants to Purchase Common Stock (Details Textual) - USD ($) | Sep. 11, 2021 | Jan. 01, 2021 | Dec. 31, 2021 | Nov. 09, 2021 | Dec. 31, 2020 | Jul. 20, 2020 | Jul. 10, 2020 | Jun. 23, 2020 | Dec. 31, 2019 |
Warrants and Rights Outstanding, Term (Year) | 10 years | 5 years | |||||||
Warrants and Rights Outstanding | $ 122,916 | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 32,129 | 144,000 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1.95 | $ 6.25 | |||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Vested (in shares) | 469,450 | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Unvested (in shares) | 88,886 | ||||||||
Warrant, Nonvested, Cost Not yet Recognized, Amount | $ 340,056 | ||||||||
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) | $ 1.95 | ||||||||
Warrants and Rights, Vesting Term (Month) | 36 months | ||||||||
Minimum [Member] | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 3.28 | $ 1.24 | $ 1.95 | ||||||
Warrant [Member] | |||||||||
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 | 0.50% | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 10 years | ||||||||
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) | $ 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) | $ 1 |
Note 5 - Warrants to Purchase_4
Note 5 - Warrants to Purchase Common Stock - Warrant Activity (Details) - $ / shares | Jan. 01, 2020 | Dec. 31, 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 | 5 years 1 month 2 days | 4 years 4 months 2 days |
Issued, number of shares (in shares) | 328,731 | 510,644 | |
Issued, average remaining life (Year) | 7 years 3 days | 5 years | |
Exercised (in shares) | (249,949) | (115,385) | |
Exercised, average remaining life (Year) | 3 years 9 months 7 days | ||
Exercised, number of shares (in shares) | 558,336 | 479,554 | |
Minimum [Member] | |||
Warrants, exercise price (in dollars per share) | $ 1.95 | $ 1.24 | $ 1.95 |
Issued, exercise price (in dollars per share) | 3.77 | 0.84 | |
Exercised, exercise price (in dollars per share) | 1.04 | 0.01 | |
Warrants, exercise price (in dollars per share) | $ 3.28 | $ 1.24 |
Note 6 - Incentive Stock Plan_2
Note 6 - Incentive Stock Plan (Details Textual) - The 2021 Incentive Stock Plan [Member] - USD ($) | Dec. 31, 2021 | Dec. 11, 2021 | Sep. 11, 2021 | Dec. 31, 2021 | Dec. 31, 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 | 0.013% | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 0.50% | |||||
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, Vested and Expected to Vest, Outstanding, Number (in shares) | 228,891 | 228,891 | 228,891 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares, Ending Balance (in shares) | 453,609 | 453,609 | 453,609 | |||
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $ 756,965 | $ 756,965 | $ 756,965 | |||
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) | 3,024 | |||||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | |||||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Two [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | |||||
Restricted Stock [Member] | Share-based Compensation Award, Tranche Four [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | |||||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Three [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% |
Note 6 - Incentive Stock Plan -
Note 6 - Incentive Stock Plan - Option Activity Under Stock Plan (Details) - The 2021 Incentive Stock Plan [Member] | 12 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Issued (in shares) | shares | 682,500 |
Issued, weighted average exercise price (in dollars per share) | $ / shares | $ 3.07 |
Issued, weighted average remaining life (Year) | 10 years |
Forfeited (in shares) | shares | (6,667) |
Forfeited, weighted average exercise price (in dollars per share) | $ / shares | $ 2.99 |
Forfeited (Year) | 9 years 8 months 8 days |
Outstanding (in shares) | shares | 675,833 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 3.07 |
Options outstanding, weighted average remaining life (Year) | 9 years 8 months 8 days |
Note 7 - Related Party Transa_2
Note 7 - Related Party Transactions (Details Textual) - USD ($) | Aug. 11, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 |
Prepaid Expenses, Related Party, Current | $ 0 | $ 36,700 | ||
Common Stock, Shares, Issued, Total (in shares) | 13,099,272 | 8,410,386 | ||
Winspear [Member] | ||||
Common Stock, Shares, Issued, Total (in shares) | 68,000 | |||
Agreement Covenant, Common Stock Issued Upon NASDAQ Listing (in shares) | 80,000 | |||
Director, President, CEO,CFO, and Secretary [Member] | ||||
Due from Related Parties, Total | $ 9,823 | |||
Payments for Advance to Affiliate | $ 189,477 | |||
Proceeds from Collection of Advance to Affiliate | 139,859 | |||
Compensation Expense, Excluding Cost of Good and Service Sold | 50,618 | |||
Karma and EDM [Member] | ||||
Payments to Related Party for Services | $ 40,200 | |||
G2 and IPA [Member] | ||||
Prepaid Expenses, Related Party, Current | 36,700 | |||
Cyfeon Solutions [Member] | Software Platform Development and Management Services [Member] | ||||
Payments to Related Party for Services | 183,062 | $ 65,000 | ||
Accounts Payable, Related Parties, Current | $ 15,000 |
Note 8 - Debt (Details Textual)
Note 8 - Debt (Details Textual) - USD ($) | Nov. 12, 2020 | Jul. 10, 2020 | May 01, 2020 | Mar. 23, 2020 | Dec. 06, 2018 | Dec. 31, 2021 | Dec. 31, 2020 | Nov. 09, 2021 | Sep. 11, 2021 | Aug. 31, 2021 | Jul. 20, 2020 | Jun. 23, 2020 | Mar. 22, 2020 | Jul. 17, 2019 | May 21, 2019 |
Repayments of Notes Payable | $ 1,405 | $ 457,657 | |||||||||||||
Repayments of Trade Payables | $ 133,880 | ||||||||||||||
Adjustments to Additional Paid in Capital, Convertible Note Forbearance Extinguishment of Derivative Liability | 522,065 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 144,000 | 32,129 | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 6.25 | $ 1.95 | |||||||||||||
Warrants Issued | 0 | 371,243 | |||||||||||||
Proceeds from Convertible Debt | 0 | 100,000 | |||||||||||||
Conversion of Convertible Promissory Notes into Common Stock [Member] | |||||||||||||||
Debt Conversion, Original Debt, Amount | $ 100,000 | ||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in shares) | 51,282 | ||||||||||||||
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 | 859 | |||||||||||||
Convertible Notes Payable Issued May 21, 2019 [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||||||||
Debt Instrument, Face Amount | $ 385,000 | ||||||||||||||
Debt Instrument, Discount Rate | 10.00% | ||||||||||||||
Convertible Notes Payable Issued July 17, 2019 [Member] | |||||||||||||||
Debt Instrument, Face Amount | $ 165,000 | ||||||||||||||
Debt Instrument, Discount Rate | 10.00% | ||||||||||||||
Debt Instrument, Redemption Fee, Amount | 24,750 | ||||||||||||||
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, 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) | $ 1 | $ 0.01 | |||||||||||||
Warrants Issued | $ 371,243 | ||||||||||||||
Convertible Notes Payable Issued March 23, 2020 [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 52.00% | ||||||||||||||
Proceeds from Convertible Debt | $ 75,000 | ||||||||||||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | 0.60 | $ 0.60 | |||||||||||||
Convertible Notes Payable Two Issued March 23, 2020 [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 52.00% | ||||||||||||||
Proceeds from Convertible Debt | $ 25,000 | ||||||||||||||
Convertible Notes Payable Issued June 23, 2020 [Member] | |||||||||||||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 1.95 | ||||||||||||||
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% | |||||||||||||
Long-term Debt, Total | $ 96,795 | ||||||||||||||
Loan Agreement [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||||||||||||
Debt Instrument, Face Amount | $ 1,000,000 | ||||||||||||||
Secured Note Payable [Member] | |||||||||||||||
Repayments of Notes Payable | $ 100,000 | ||||||||||||||
Notes Payable, Noncurrent, Total | $ 990,000 | $ 1,000,000 |
Note 9 - Derivative Liabiliti_3
Note 9 - Derivative Liabilities - Liabilities Measured and Recognized at Fair Value (Details) - Fair Value, Inputs, Level 3 [Member] | 12 Months Ended |
Dec. 31, 2020USD ($) | |
Balance | $ 1,405,530 |
Additions | 317,776 |
Amendments | (224,066) |
Retirements | (567,588) |
Change in fair value | $ (931,652) |
Note 10 - Commitments and Con_3
Note 10 - Commitments and Contingencies (Details Textual) | 3 Months Ended | 12 Months Ended | |||
Apr. 30, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Sep. 30, 2017ft² | Aug. 31, 2017ft² | |
Lessee, Operating Lease, Discount Rate | 10.00% | ||||
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $ | $ 389,026 | ||||
Operating Lease, Expense | $ | $ 77,400 | $ 59,600 | |||
Office Space, 5430 LBJ Freeway Dallas Texas [Member] | |||||
Area of Real Estate Property (Square Foot) | 1,502 | ||||
Expansion, Area of Real Estate Property (Square Foot) | 336 | ||||
Expanded Office Space, 5430 LBJ Freeway Dallas Texas [Member] | |||||
Area of Real Estate Property (Square Foot) | 1,838 |
Note 10 - Commitments and Con_4
Note 10 - Commitments and Contingencies - Future Lease Payment Obligations (Details) | Dec. 31, 2021USD ($) |
2022 | $ 88,786 |
2023 | 87,934 |
2024 | 89,948 |
2025 | 91,122 |
2026 | 93,136 |
Thereafter | 167,645 |
Lessee, Operating Lease, Liability, to be Paid, Total | $ 618,571 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% |
Operating Loss Carryforwards, Total | $ 7,035,554 |
Note 11 - Income Taxes - Reconc
Note 11 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income tax benefit at statutory rate | $ 549,000 | $ 75,000 |
Temporary differences | 0 | 0 |
Permanent differences | (153,000) | 233,000 |
Valuation allowance | (396,000) | (308,000) |
Provision for federal income taxes | $ 0 | $ 0 |
Note 12 - Subsequent Events (De
Note 12 - Subsequent Events (Details Textual) - Stock Repurchase Plan [Member] - Subsequent Event [Member] - USD ($) | 3 Months Ended | |
Mar. 28, 2022 | Jan. 07, 2022 | |
Stock Repurchase Program, Authorized Amount | $ 2,500,000 | |
Stock Repurchased During Period, Shares (in shares) | 430,171 | |
Stock Repurchased During Period, Value | $ 837,520 |