Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2023 | Aug. 10, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000803578 | |
Entity Registrant Name | WAVEDANCER, INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-41092 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 54-1167364 | |
Entity Address, Address Line One | 12015 Lee Jackson Memorial Highway, Suite 210 | |
Entity Address, City or Town | Fairfax | |
Entity Address, State or Province | VA | |
Entity Address, Postal Zip Code | 22033 | |
City Area Code | 703 | |
Local Phone Number | 383-3000 | |
Title of 12(b) Security | Common Stock, par value $0.001 per share | |
Trading Symbol | WAVD | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 19,459,834 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash and cash equivalents | $ 338,300 | $ 731,081 |
Accounts receivable | 1,734,944 | 1,629,559 |
Prepaid expenses and other current assets | 525,846 | 442,445 |
Total current assets | 2,599,090 | 2,803,085 |
Intangible assets, net of accumulated amortization of $396,339, and $308,217, respectively | 1,093,661 | 1,181,783 |
Goodwill | 1,125,101 | 1,125,101 |
Right-of-use operating lease asset | 312,066 | 376,104 |
Property and equipment, net of accumulated depreciation and amortization of $411,333, and $391,628, respectively | 79,286 | 98,991 |
Contingent payments | 682,000 | 0 |
Equity investment | 335,475 | 0 |
Other assets | 20,623 | 79,305 |
Assets held for sale | 0 | 2,316,845 |
Total assets | 6,247,302 | 7,981,214 |
Current liabilities | ||
Accounts payable | 839,711 | 573,789 |
Revolving line of credit | 1,000,000 | 425,000 |
Premium financing note payable | 186,115 | 0 |
Accrued payroll and related liabilities | 531,524 | 676,796 |
Commissions payable | 20,363 | 125,033 |
Income taxes payable | 3,101 | 3,101 |
Other accrued liabilities | 512,012 | 283,497 |
Contract liabilities | 72,003 | 182,756 |
Operating lease liabilities - current | 215,018 | 203,342 |
Deferred acquisition consideration | 0 | 1,415,098 |
Total current liabilities | 3,379,847 | 3,888,412 |
Operating lease liabilities - non-current | 190,745 | 303,778 |
Deferred tax liabilities, net | 59,121 | 59,121 |
Total liabilities | 3,629,713 | 4,251,311 |
Stockholders' equity | ||
Common stock, $0.001 par value 100,000,000 shares authorized; 20,932,885 and 20,838,599 shares issued, 19,259,834 and 19,165,548 shares outstanding as of June 30, 2023 and December 31, 2022, respectively | 20,933 | 20,839 |
Additional paid-in capital | 35,867,835 | 35,865,076 |
Accumulated deficit | (32,305,968) | (31,190,801) |
Treasury stock, 1,673,051 shares at cost, as of June 30, 2023 and December 31, 2022 | (965,211) | (965,211) |
Total stockholders' equity | 2,617,589 | 3,729,903 |
Total liabilities and stockholders' equity | $ 6,247,302 | $ 7,981,214 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Intangible assets, accumulated amortization | $ 396,339 | $ 308,217 |
Property and equipment, accumulated depreciation and amortization | $ 411,333 | $ 391,628 |
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) | 20,932,885 | 20,838,599 |
Common stock, shares outstanding (in shares) | 19,259,834 | 19,165,548 |
Treasury stock, shares (in shares) | 1,673,051 | 1,673,051 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues | ||||
Total revenues | $ 2,024,622 | $ 3,750,520 | $ 4,184,745 | $ 6,746,032 |
Cost of revenues | ||||
Total cost of revenues excluding depreciation and amortization | 1,319,609 | 2,846,679 | 2,822,934 | 5,145,721 |
Gross profit | 705,013 | 903,841 | 1,361,811 | 1,600,311 |
Selling, general and administrative expenses | 1,654,365 | 2,503,111 | 3,265,893 | 4,876,643 |
Gain on settlement of litigation | (1,442,468) | 0 | (1,442,468) | 0 |
Operating income (loss) from continuing operations | 493,116 | (1,599,270) | (461,614) | (3,276,332) |
Other income (expense), net | 131 | 195 | 222 | 789 |
Interest expense | (36,809) | (19,818) | (72,257) | (39,137) |
Income (loss) from continuing operations before income taxes and equity in net loss of affiliate | 456,438 | (1,618,893) | (533,649) | (3,314,680) |
Provision for income taxes | 0 | 303,000 | 0 | 766,573 |
Net income (loss) from continuing operations before equity in net loss of affiliate | 456,438 | (1,921,893) | (533,649) | (4,081,253) |
Equity in net loss of affiliate | (221,653) | 0 | (245,525) | 0 |
Net income (loss) from continuing operations | 234,785 | (1,921,893) | (779,174) | (4,081,253) |
Income from discontinued operations | 0 | 396,451 | (335,993) | 477,504 |
Net income (loss) | $ 234,785 | $ (1,525,442) | $ (1,115,167) | $ (3,603,749) |
Basic, continuing operations (in dollars per share) | $ 0.01 | $ (0.11) | $ (0.04) | $ (0.24) |
Income (loss) per share from continuing operations | ||||
Basic, continuing operations (in dollars per share) | 0.01 | (0.11) | (0.04) | (0.24) |
Diluted, continuing operations (in dollars per share) | 0.01 | (0.11) | ||
Income per share from discontinued operations | ||||
Basic, discontinued operations (in dollars per share) | 0 | 0.02 | (0.02) | 0.03 |
Basic and diluted loss per share (in dollars per share) | 0.01 | (0.09) | (0.06) | (0.21) |
Income (loss) per share | ||||
Basic (in dollars per share) | 0.01 | (0.09) | $ (0.06) | $ (0.21) |
Diluted (in dollars per share) | $ 0.01 | $ (0.09) | ||
Weighted average common shares outstanding | ||||
Basic (in shares) | 19,259,834 | 17,294,808 | 19,236,148 | 17,294,808 |
Diluted (in shares) | 19,454,934 | 17,294,808 | 19,236,148 | 18,247,622 |
Professional Fees [Member] | ||||
Revenues | ||||
Total revenues | $ 1,967,957 | $ 2,277,832 | $ 4,071,415 | $ 4,344,522 |
Cost of revenues | ||||
Total cost of revenues excluding depreciation and amortization | 1,263,822 | 1,424,689 | 2,710,239 | 2,816,298 |
Software Sales [Member] | ||||
Revenues | ||||
Total revenues | 56,665 | 1,472,688 | 113,330 | 2,401,510 |
Cost of revenues | ||||
Total cost of revenues excluding depreciation and amortization | $ 55,787 | $ 1,421,990 | $ 112,695 | $ 2,329,423 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Cash flows from operating activities | ||
Net Income (loss) | $ (1,115,167) | $ (3,603,749) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Loss (income) from discontinued operations | 335,993 | (477,504) |
Depreciation and amortization | 107,827 | 112,380 |
Stock-based compensation | 376,331 | 588,902 |
Deferred income tax expense | 0 | 766,573 |
Amortization of right-of-use assets | 64,038 | 90,396 |
Accretion of deferred acquisition consideration | 27,370 | 39,137 |
Gain on settlement of litigation | (1,442,468) | 0 |
Equity in loss of affiliate | 245,525 | 0 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (105,385) | (1,918,274) |
Prepaid expenses and other current assets | (45,561) | (21,189) |
Other assets | 58,682 | 0 |
Accounts payable | 265,922 | 896,446 |
Contract liabilities | (110,753) | (20,992) |
Accrued payroll and related liabilities and other accrued liabilities | 83,243 | 556,220 |
Operating lease liability | (101,357) | (93,932) |
Commissions payable | (104,670) | 25,977 |
Cash used in operating activities of continuing operations | (1,460,430) | (3,059,609) |
Cash used in operating activities of discontinued operations | (693,106) | (1,296,869) |
Net cash used in operating activities | (2,153,536) | (4,356,478) |
Cash flows from investing activities | ||
Acquisition of property and equipment | 0 | (31,033) |
Proceeds from disposal of business | 935,974 | 0 |
Net cash provided by (used in) investing activities | 935,974 | (31,033) |
Cash flows from financing activities | ||
Borrowing under revolving line of credit | 575,000 | 0 |
Premium financing borrowings | 305,759 | 0 |
Premium financing repayments | (119,644) | 0 |
Proceeds from issuance of stock | 56,266 | 0 |
Proceeds from exercise of stock options | 7,400 | 35,191 |
Net cash provided by financing activities | 824,781 | 35,191 |
Net decrease in cash and cash equivalents | (392,781) | (4,352,320) |
Cash and cash equivalents, beginning of period | 731,081 | 4,931,302 |
Cash and cash equivalents, end of period | 338,300 | 578,982 |
Supplemental cash flow Information | ||
Interest paid | 18,356 | 1,002 |
Non-cash investing and financing activities: | ||
Non-cash proceeds on disposal of business | $ 1,263,000 | $ 0 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock, Common [Member] | Total |
Balances (in shares) at Dec. 31, 2021 | 18,882,313 | ||||
Balances at Dec. 31, 2021 | $ 18,882 | $ 31,789,464 | $ (13,436,963) | $ (930,211) | $ 17,441,172 |
Net Income (loss) | 0 | 0 | (2,078,307) | 0 | (2,078,307) |
Stock option compensation | $ 0 | 312,176 | 0 | 0 | 312,176 |
Issuance of stock from exercise of options (in shares) | 105,000 | ||||
Issuance of stock from exercise of options | $ 105 | 26,694 | 0 | 0 | 26,799 |
Balances (in shares) at Mar. 31, 2022 | 18,987,313 | ||||
Balances at Mar. 31, 2022 | $ 18,987 | 32,128,334 | (15,515,270) | (930,211) | 15,701,840 |
Balances (in shares) at Dec. 31, 2021 | 18,882,313 | ||||
Balances at Dec. 31, 2021 | $ 18,882 | 31,789,464 | (13,436,963) | (930,211) | 17,441,172 |
Net Income (loss) | $ (3,603,749) | ||||
Issuance of stock from exercise of options (in shares) | 157,000 | ||||
Balances (in shares) at Jun. 30, 2022 | 19,039,313 | ||||
Balances at Jun. 30, 2022 | $ 19,039 | 32,666,239 | (17,040,712) | (930,211) | $ 14,714,355 |
Balances (in shares) at Mar. 31, 2022 | 18,987,313 | ||||
Balances at Mar. 31, 2022 | $ 18,987 | 32,128,334 | (15,515,270) | (930,211) | 15,701,840 |
Net Income (loss) | 0 | 0 | (1,525,442) | 0 | (1,525,442) |
Stock option compensation | $ 0 | 529,565 | 0 | 0 | $ 529,565 |
Issuance of stock from exercise of options (in shares) | 52,000 | 52,000 | |||
Issuance of stock from exercise of options | $ 52 | 8,340 | 0 | 0 | $ 8,392 |
Balances (in shares) at Jun. 30, 2022 | 19,039,313 | ||||
Balances at Jun. 30, 2022 | $ 19,039 | 32,666,239 | (17,040,712) | (930,211) | 14,714,355 |
Balances (in shares) at Dec. 31, 2022 | 20,838,599 | ||||
Balances at Dec. 31, 2022 | $ 20,839 | 35,865,076 | (31,190,801) | (965,211) | 3,729,903 |
Net Income (loss) | 0 | 0 | (1,349,952) | 0 | (1,349,952) |
Stock option compensation | 0 | 353,658 | 0 | 0 | 353,658 |
Forfeiture of stock options on disposal of business (Note 2) | $ 0 | (407,322) | 0 | 0 | (407,322) |
Stock issued (in shares) | 74,286 | ||||
Stock issued | $ 74 | 37,557 | 0 | 0 | 37,631 |
Issuance of stock from exercise of options (in shares) | 20,000 | ||||
Issuance of stock from exercise of options | $ 20 | 7,380 | 0 | 0 | 7,400 |
Balances (in shares) at Mar. 31, 2023 | 20,932,885 | ||||
Balances at Mar. 31, 2023 | $ 20,933 | 35,856,349 | (32,540,753) | (965,211) | 2,371,318 |
Balances (in shares) at Dec. 31, 2022 | 20,838,599 | ||||
Balances at Dec. 31, 2022 | $ 20,839 | 35,865,076 | (31,190,801) | (965,211) | 3,729,903 |
Net Income (loss) | $ (1,115,167) | ||||
Issuance of stock from exercise of options (in shares) | 20,000 | ||||
Balances (in shares) at Jun. 30, 2023 | 20,932,885 | ||||
Balances at Jun. 30, 2023 | $ 20,933 | 35,867,835 | (32,305,968) | (965,211) | $ 2,617,589 |
Balances (in shares) at Mar. 31, 2023 | 20,932,885 | ||||
Balances at Mar. 31, 2023 | $ 20,933 | 35,856,349 | (32,540,753) | (965,211) | 2,371,318 |
Net Income (loss) | 0 | 0 | 234,785 | 0 | 234,785 |
Stock option compensation | $ 0 | 88,159 | 0 | 0 | $ 88,159 |
Issuance of stock from exercise of options (in shares) | 0 | ||||
Balances (in shares) at Jun. 30, 2023 | 20,932,885 | ||||
Balances at Jun. 30, 2023 | $ 20,933 | 35,867,835 | (32,305,968) | (965,211) | $ 2,617,589 |
Amortization of stock issue costs | $ 0 | $ (76,673) | $ 0 | $ 0 | $ (76,673) |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | Note 1. Summary of Significant Accounting Policies Organization and Business Founded in 1979 December 2021. On March 17, 2023, 2 Prior to March 17, 2023, two 2 one Liquidity and Going Concern During the six June 30, 2023, June 30, 2023, twelve may On August 2, 2023, August 9, 2023, 13 August 9, 2023, second 2024 no one The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and satisfaction of liabilities in the ordinary course of business. The propriety of using the going-concern basis is dependent upon, among other things, the achievement of future profitable operations, the ability to generate sufficient cash from operations and potential other funding sources, in addition to cash on-hand, to meet its obligations as they become due. The Company’s unaudited condensed consolidated financial statements do not Unaudited Interim Condensed Consolidated Financial Statements The accompanying unaudited condensed consolidated financial statements (“financial statements”) have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for Form 10 8 03 X. not December 31, 2022 10 April 17, 2023 ( December 31, 2022 not not The unaudited condensed consolidated financial statements as of and for the three six June 30, 2023 Other than as discussed in “Equity Method Investments” below, there have been no June 30, 2023, 1, Equity Method Investments The Company accounts for investments in which it owns between 20% 50% not 323 Equity Method Investments and Joint Ventures 323” In connection with the sale of GMI to GMDC on March 17, 2023, ( 2 August 9, 2023, 13 Use of Estimates Preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates due to uncertainties. On an ongoing basis, we evaluate our estimates, including those related to the allowance for credit losses; fair values of financial instruments, intangible assets, and goodwill, including the underlying estimates of cash flows of our products and reporting unit; useful lives of intangible assets and property and equipment; the valuation of stock-based compensation, and the valuation of deferred tax assets and liabilities, among others. We base our estimates on assumptions, both historical and forward looking, that are believed to be reasonable, and the results of which form the basis for making judgments about the carrying values of assets and liabilities. Concentration of Credit Risk During the three June 30, 2023, five Three one During the three June 30, 2022, five Two one During the six June 30, 2023, one five one During the six June 30, 2022, five Three one The Company sold third one three six June 30, 2022, As of June 30, 2023, two one As of June 30, 2022, |
Note 2 - Sale and Deconsolidati
Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 2. Sale and Deconsolidation of GMI and Discontinued Operations On March 17, 2023, five December 31, 2029 March 31 March 1, 2023 March 17, 2023. The equity interest StealthPoint and other GMDC investors received is in the form of Series A non-participating convertible preferred stock having a one 1x no not March 31, 2023 three June 30, 2023 no The components of the consideration received and the methods for determining their fair values are as follows: Consideration Amount Description and Valuation Methodology Cash at closing $ 935,974 Cash received at closing less estimated value of transition services to be provided. Cash after closing 133,148 Actual cash operating expenses of GMI from March 1 through March 17, 2023 (prior to the transfer of GMI to GMDC). GMDC common stock 581,000 Based on Series A preferred stock issuance to other GMDC investors for $3,000,000 in cash and application of an option pricing model backsolve method and a minority interest discount to estimate the fair value of the common shares of GMDC. Contingent payments 682,000 Estimated by applying a discount rate of 40.8 Total consideration $ 2,332,122 The GMDC common stock is accounted for as an equity method investment (See Note 1 The Company recognized a gain on the sale of GMI of $100,615, which is included in net loss on discontinued operations in the unaudited condensed consolidated statement of operations, and immediately deconsolidated GMI upon its sale. GMDC was not The following table sets forth details of net earnings from discontinued operations for the six June 30, 2023 2022, 1 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenue $ - $ 566,862 $ - $ 566,862 Cost of revenue - 540,921 74,223 861,327 Gross Profit 25,941 (74,223 ) (294,465 ) Operating expenses - Salaries and benefits - 378,431 484,249 613,278 Intangibles amortization - 306,917 85,338 613,705 Stock based compensation, before forfeitures - 170,629 65,487 252,839 Forfeiture of stock options - - (407,322 ) - Other operating expenses - 237,460 134,633 389,126 Change in fair value of contingent consideration - (942,609 ) - (930,000 ) Gain on disposal of business - - (100,615 ) - Loss before income tax benefit - (124,887 ) (335,993 ) (1,233,413 ) Income tax benefit - 521,338 - 1,710,917 Net income (loss) on discontinued operations $ - $ 396,451 $ (335,993 ) $ 477,504 During the six June 30, 2023, March 2023. The following table presents the components of the assets of our discontinued operations that were classified as held for sale as of December 31, 2022. March 31, 2023, December 31, Customer relationship intangible asset, net of amortization $ 1,057,722 Technology intangible asset, net of amortization 760,698 Capitalized software development costs 498,425 Total assets of discontinued operations $ 2,316,845 |
Note 3 - Revenue from Contracts
Note 3 - Revenue from Contracts with Customers | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 3. Revenue from Contracts with Customers Nature of Products and Services We generate revenue from the sales of information technology professional services, sales of third third third Professional services are offered through several arrangements – through time and materials arrangements, fixed-price-per-unit arrangements, fixed-price arrangements, or combinations of these arrangements within individual contracts. Revenue under time and materials arrangements is recognized over time in the period the hours are worked or the expenses are incurred, as control of the benefits of the work is deemed to have passed to the customer as the work is performed. Revenue under fixed-price-per-unit arrangements is recognized at a point in time when delivery of units has occurred, and units are accepted by the customer or are reasonably expected to be accepted. Generally, revenue under fixed-price arrangements and mixed arrangements is recognized either over time or at a point in time based on the allocation of transaction pricing to each identified performance obligation as control of each is transferred to the customer. For fixed-price arrangements under which documentary evidence of acceptance or receipt of deliverables is not no Third-party software licenses are classified as enterprise server-based software licenses or desktop software licenses, and desktop licenses are further classified by the type of customer and whether the licenses are bulk licenses or individual licenses. The Company’s obligations as the seller for each class differ based on its reseller agreements and whether its customers are government or non-government customers. Revenue from enterprise server-based sales to either government or non-government customers is usually recognized in full at a point in time based on when the customer gains use of the full benefit of the licenses, after the licenses are implemented. If the transaction prices of the performance obligations related to implementation and customer support for the individual contract is material, these obligations are recognized separately over time, as performed. Revenue for desktop software licenses for government customers is usually recognized on a gross basis at a point in time, based on when the customer’s administrative contact gains training in and beneficial use of the administrative portal. Revenue for bulk desktop software licenses for non-government customers is usually recognized on a gross basis at a point in time, based on when the customer’s administrative contact gains training in and beneficial use of the administrative portal. For desktop software licenses sold on an individual license basis to non-government customers, where the Company has no third Third-party support and maintenance contracts for enterprise server-based software include a performance obligation under the Company’s reseller agreements for it to be the first second not Incentive payments are received under reseller agreements with software manufacturers and suppliers where the Company introduces and courts a customer, but the sale occurs directly between the customer and the supplier or between the customer and the manufacturer. Since the transfer of control of the licenses cannot be measured from outside of these transactions, revenue is recognized when payment from the manufacturer or supplier is received. Disaggregation of Revenue from Contracts with Customers Three months ended June 30, 2023 2022 Contract Type Amount Percentage Amount Percentage Services time & materials $ 1,719,674 84.9 % $ 2,153,537 57.4 % Services fixed price over time 102,402 5.1 % 51,154 1.3 % Services combination 33,090 1.6 % 21,080 0.6 % Services fixed price per unit 112,791 5.6 % 52,061 1.4 % Third-party software 56,665 2.8 % 1,423,770 38.0 % Software support & maintenance - - % 48,918 1.3 % Total revenue $ 2,024,622 100.0 % $ 3,750,520 100.0 % Six months ended June 30, 2023 2022 Contract Type Amount Percentage Amount Percentage Services time & materials $ 3,600,335 86.0 % $ 4,066,533 60.3 % Services fixed price over time 204,804 4.9 % 102,308 1.5 % Services combination 66,180 1.6 % 30,080 0.4 % Services fixed price per unit 200,096 4.8 % 145,601 2.2 % Third-party software 113,330 2.7 % 2,286,808 33.9 % Software support & maintenance - - % 98,087 1.5 % Incentive payments - - % 16,615 0.2 % Total revenue $ 4,184,745 100.0 % $ 6,746,032 100.0 % Contract Balances Accounts Receivable Trade accounts receivable are recorded at the billable amount where the Company has the unconditional right to bill, net of allowances for doubtful accounts. The allowance for doubtful accounts is based on the Company’s assessment of the collectability of accounts. Management regularly reviews the adequacy of the allowance for doubtful accounts by considering the age of each outstanding invoice, each customer's expected ability to pay and collection history, when applicable, to determine whether a specific allowance is appropriate. Accounts receivable deemed uncollectible are charged against the allowance for doubtful accounts when identified. There were no such allowances recognized as of June 30, 2023 December 31, 2022. Accounts receivable as of June 30, 2023 December 31, 2022, June 30, 2023 December 31, 2022 Billed federal government $ 1,706,632 $ 1,573,407 Billed commercial - 56,152 Unbilled receivables 28,312 - Accounts receivable $ 1,734,944 $ 1,629,559 Billed receivables from the federal government include amounts due from both prime contracts and subcontracts where the federal government is the end customer. Contract Liabilities Contract liabilities consist of amounts that have been invoiced and for which the Company has the right to bill, but that have not not three six June 30, 2023 2022, Balance as of December 31, 2022 $ 182,756 Contract liabilities added - Revenue recognized (55,665 ) Balance as of March 31, 2023 127,091 Contract liabilities added - Revenue recognized (55,088 ) Balance as of June 30, 2023 $ 72,003 Balance as of December 31, 2021 $ 186,835 Contract liabilities added 19,280 Revenue recognized (56,423 ) Balance as of March 31, 2022 149,692 Contract liabilities added 87,612 Revenue recognized (71,461 ) Balance as of June 30, 2022 $ 165,843 Revenues recognized during the three June 30, 2023 2022, December 31, 2022 2021, six June 30, 2023 2022, December 31, 2022 2021, Deferred Costs of Revenue Deferred costs of revenue consist of the costs of third June 30, 2023, December 31, 2022 three six June 30, 2022, Balance as of December 31, 2021 $ 154,218 Deferred costs added 2,800 Deferred costs expensed (55,362 ) Balance as of March 31, 2022 101,656 Deferred costs expensed (53,434 ) Balance as of June 30, 2022 $ 48,222 |
Note 4 - Leases
Note 4 - Leases | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | Note 4. Leases The Company has two one one 2021 As of June 30, 2023 December 31, 2022, not Each of the Company’s operating lease assets represent its right to use an underlying asset for the lease term and the related lease liability represent its obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since the leases do not not The Company’s lease agreements do not The Company does not third As of June 30, 2023, two June 30, 2023, Remainder of 2023 $ 115,438 2024 174,721 2025 74,804 2026 70,220 Total lease payments 435,183 Less: discount (29,420 ) Present value of lease liabilities $ 405,763 The total expense incurred related to its operating leases was $38,053 and $54,460 for the three June 30, 2023 2022, six June 30, 2023 2022, |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 5. Fair Value Measurements The Company defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three first two may • Level 1—Quoted • Level 2—Inputs 1 not • Level 3—Unobservable no The following table presents the fair value hierarchy for the Company’s financial instruments measured at fair value on a recurring basis as of June 30, 2023 December 31, 2022: June 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 3,250 $ - $ - $ 3,250 Contingent consideration receivable - - 682,000 682,000 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 58,242 $ - $ - $ 58,242 As discussed in Note 2 five December 31, 2029, The following table is a roll-forward of the Level 3 Fair value of contingent consideration: December 31, 2022 $ - Additions 682,000 March 31, 2023 682,000 Additions - June 30, 2023 $ 682,000 There were no unrealized gains or losses recognized in income for the three six June 30, 2023. |
Note 6 - Intangible Assets and
Note 6 - Intangible Assets and Goodwill | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 6. Intangible Assets and Goodwill Information regarding our intangible assets is as follows: Useful Life (Years) December 31, 2022 Additions June 30, 2023 Intangible assets with estimated useful lives Customer relationships 8.0 $ 1,090,000 $ - $ 1,090,000 Non-compete agreements 3.0 120,000 - 120,000 Accumulated amortization (308,217 ) (88,122 ) (396,339 ) Sub-total 901,783 (88,122 ) 813,661 Intangible assets with indefinite lives Trade names Indefinite 280,000 - 280,000 Net identifiable intangible assets $ 1,181,783 $ (88,122 ) $ 1,093,661 Useful Life (Years) December 31, 2021 Additions June 30, 2022 Intangible assets with estimated useful lives Customer relationships 8.0 $ 1,090,000 $ - $ 1,090,000 Non-compete agreements 3.0 120,000 - 120,000 Accumulated amortization (131,973 ) (88,122 ) (220,095 ) Sub-total 1,078,027 (88,122 ) 989,905 Intangible assets with indefinite lives Trade names Indefinite 280,000 - 280,000 Net identifiable intangible assets $ 1,358,027 $ (88,122 ) $ 1,269,905 As of June 30, 2023, five Remainder of 2023 $ 88,122 2024 146,307 2025 136,248 2026 136,248 2027 136,248 Thereafter 170,488 Total $ 813,661 |
Note 7 - Stock-based Compensati
Note 7 - Stock-based Compensation | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | Note 7. Stock-Based Compensation We have three 2006 2006 “2006 April 12, 2016. 2016 2016 “2016 November 15, 2021. October 11, 2021, 2021 “2021 December 2, 2021, 2021 The Company recognizes compensation costs on a straight-line basis over the service period of the awards. There were no option awards granted in the three six June 30, 2023 three June 30, 2022. six June 30, 2022, 2022 Risk-free interest rate 1.91% - 2.41% Dividend yield 0% Expected term (years) 5.75 - 6.00 Expected volatility 45.8% - 46.1% Determining the assumptions for the expected term and volatility requires management to exercise significant judgment. The expected term represents the weighted-average period that options granted are expected to be outstanding giving consideration to vesting schedules. Since the Company does not There were 912,000 options with grant date fair values totaling $2,074,670 granted during the six June 30, 2022. three June 30, 2023, 2022, six June 30, 2023 2022, June 30, 2023, Total compensation expense related to these plans was $88,159 and $358,936 for the three June 30, 2023 2022, six June 30, 2023 2022, |
Note 8 - Settlement of Litigati
Note 8 - Settlement of Litigation | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | Note 8. Settlement of Litigation On April 28, 2023, January 25, 2023, one December 10, 2023, The Company filed an answer denying Gerald’s claims. In addition, the Company filed a counterclaim seeking damages from Gerald associated with the acquisition transaction and arising under the Stock Purchase Agreement. The principal terms of the Settlement Agreement were: (a) All amounts due to Gerald related to the GMI acquisition, including the $1,500,000 of deferred consideration, were deemed satisfied and such obligations were extinguished; (b) The Company removed restrictions from 436,481 shares of the Company’s common stock; (c) The Company paid Gerald $25,000 as reimbursement for legal costs; and, (d) Gerald and the Company agreed to mutual general releases of one As a result of the settlement, the Company recognized a gain, net of expenses, of $1,442,468. |
Note 9 - Revolving Line of Cred
Note 9 - Revolving Line of Credit and Notes Payable | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 9. Revolving Line of Credit and Notes Payable On September 30, 2022, The Wall Street Journal June 30, 2023, three June 30, 2023, $575,000 six June 30, 2023. June 30, 2023, no August 9, 2023 13. August 16, 2023. Premium Financing Note Payable The Company entered into a Premium Finance Agreement (“Premium Agreement”) on March 7, 2023, one ten ten March 24, 2023 December 24, 2023. |
Note 10 - Sales of Shares Under
Note 10 - Sales of Shares Under Common Stock Purchase Agreement | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Common Stock Purchase Agreement [Text Bock] | Note 10. Sales of Shares Under Common Stock Purchase Agreement On July 8, 2022, not $15,000,000 no 1933, may On August 11, 2022 November 10, 2022, December 31, 2022. three six June 30, 2023, During the three June 30, 2023, six June 30, 2023, three six June 30, 2022. |
Note 11 - Income Taxes
Note 11 - Income Taxes | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 11. Income Taxes For the three six June 30, 2023 2022, |
Note 12 - Earnings Per Share
Note 12 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 12. Earnings Per Share Basic earnings (loss) per share excludes dilution and is computed by dividing the loss available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, except for periods when the Company reports a net loss because the inclusion of such items would be antidilutive. The antidilutive effect of 195,100 shares from stock options were excluded from diluted shares for the six June 30, 2023. three June 30, 2022, six June 30, 2022. |
Note 13 - Subsequent Events
Note 13 - Subsequent Events | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 13. Subsequent Events On August 2, 2023, On August 9, 2023, March 17, 2023, ● The termination of the rights and obligations under the Agreement with respect to the calculation and payment of future contingent payments from GMDC to the Company, in exchange for the payment of $1,000,000 cash by GMDC to the Company; ● The sale by the Company, to certain of GMDC's investors, of all of its common stock of GMDC, in exchange for cash of $400,000; ● The termination of various ongoing rights and obligations of the Company and GMDC established in the Agreement and ancillary agreements entered into in connection with the Agreement. As a result of this transaction, the Company will recognize a gain of approximately $382,525. As of August 9, 2023 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Organization and Business [Policy Text Block] | Organization and Business Founded in 1979 December 2021. On March 17, 2023, 2 Prior to March 17, 2023, two 2 one Liquidity and Going Concern During the six June 30, 2023, June 30, 2023, twelve may On August 2, 2023, August 9, 2023, 13 August 9, 2023, second 2024 no one The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and satisfaction of liabilities in the ordinary course of business. The propriety of using the going-concern basis is dependent upon, among other things, the achievement of future profitable operations, the ability to generate sufficient cash from operations and potential other funding sources, in addition to cash on-hand, to meet its obligations as they become due. The Company’s unaudited condensed consolidated financial statements do not |
Basis of Accounting, Policy [Policy Text Block] | Unaudited Interim Condensed Consolidated Financial Statements The accompanying unaudited condensed consolidated financial statements (“financial statements”) have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for Form 10 8 03 X. not December 31, 2022 10 April 17, 2023 ( December 31, 2022 not not The unaudited condensed consolidated financial statements as of and for the three six June 30, 2023 Other than as discussed in “Equity Method Investments” below, there have been no June 30, 2023, 1, |
Equity Method Investments [Policy Text Block] | Equity Method Investments The Company accounts for investments in which it owns between 20% 50% not 323 Equity Method Investments and Joint Ventures 323” In connection with the sale of GMI to GMDC on March 17, 2023, ( 2 August 9, 2023, 13 |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates Preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates due to uncertainties. On an ongoing basis, we evaluate our estimates, including those related to the allowance for credit losses; fair values of financial instruments, intangible assets, and goodwill, including the underlying estimates of cash flows of our products and reporting unit; useful lives of intangible assets and property and equipment; the valuation of stock-based compensation, and the valuation of deferred tax assets and liabilities, among others. We base our estimates on assumptions, both historical and forward looking, that are believed to be reasonable, and the results of which form the basis for making judgments about the carrying values of assets and liabilities. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk During the three June 30, 2023, five Three one During the three June 30, 2022, five Two one During the six June 30, 2023, one five one During the six June 30, 2022, five Three one The Company sold third one three six June 30, 2022, As of June 30, 2023, two one As of June 30, 2022, |
Note 2 - Sale and Deconsolida_2
Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations, Consideration Received [Table Text Block] | Consideration Amount Description and Valuation Methodology Cash at closing $ 935,974 Cash received at closing less estimated value of transition services to be provided. Cash after closing 133,148 Actual cash operating expenses of GMI from March 1 through March 17, 2023 (prior to the transfer of GMI to GMDC). GMDC common stock 581,000 Based on Series A preferred stock issuance to other GMDC investors for $3,000,000 in cash and application of an option pricing model backsolve method and a minority interest discount to estimate the fair value of the common shares of GMDC. Contingent payments 682,000 Estimated by applying a discount rate of 40.8 Total consideration $ 2,332,122 |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenue $ - $ 566,862 $ - $ 566,862 Cost of revenue - 540,921 74,223 861,327 Gross Profit 25,941 (74,223 ) (294,465 ) Operating expenses - Salaries and benefits - 378,431 484,249 613,278 Intangibles amortization - 306,917 85,338 613,705 Stock based compensation, before forfeitures - 170,629 65,487 252,839 Forfeiture of stock options - - (407,322 ) - Other operating expenses - 237,460 134,633 389,126 Change in fair value of contingent consideration - (942,609 ) - (930,000 ) Gain on disposal of business - - (100,615 ) - Loss before income tax benefit - (124,887 ) (335,993 ) (1,233,413 ) Income tax benefit - 521,338 - 1,710,917 Net income (loss) on discontinued operations $ - $ 396,451 $ (335,993 ) $ 477,504 December 31, Customer relationship intangible asset, net of amortization $ 1,057,722 Technology intangible asset, net of amortization 760,698 Capitalized software development costs 498,425 Total assets of discontinued operations $ 2,316,845 |
Note 3 - Revenue from Contrac_2
Note 3 - Revenue from Contracts with Customers (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three months ended June 30, 2023 2022 Contract Type Amount Percentage Amount Percentage Services time & materials $ 1,719,674 84.9 % $ 2,153,537 57.4 % Services fixed price over time 102,402 5.1 % 51,154 1.3 % Services combination 33,090 1.6 % 21,080 0.6 % Services fixed price per unit 112,791 5.6 % 52,061 1.4 % Third-party software 56,665 2.8 % 1,423,770 38.0 % Software support & maintenance - - % 48,918 1.3 % Total revenue $ 2,024,622 100.0 % $ 3,750,520 100.0 % Six months ended June 30, 2023 2022 Contract Type Amount Percentage Amount Percentage Services time & materials $ 3,600,335 86.0 % $ 4,066,533 60.3 % Services fixed price over time 204,804 4.9 % 102,308 1.5 % Services combination 66,180 1.6 % 30,080 0.4 % Services fixed price per unit 200,096 4.8 % 145,601 2.2 % Third-party software 113,330 2.7 % 2,286,808 33.9 % Software support & maintenance - - % 98,087 1.5 % Incentive payments - - % 16,615 0.2 % Total revenue $ 4,184,745 100.0 % $ 6,746,032 100.0 % |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, 2023 December 31, 2022 Billed federal government $ 1,706,632 $ 1,573,407 Billed commercial - 56,152 Unbilled receivables 28,312 - Accounts receivable $ 1,734,944 $ 1,629,559 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Balance as of December 31, 2022 $ 182,756 Contract liabilities added - Revenue recognized (55,665 ) Balance as of March 31, 2023 127,091 Contract liabilities added - Revenue recognized (55,088 ) Balance as of June 30, 2023 $ 72,003 Balance as of December 31, 2021 $ 186,835 Contract liabilities added 19,280 Revenue recognized (56,423 ) Balance as of March 31, 2022 149,692 Contract liabilities added 87,612 Revenue recognized (71,461 ) Balance as of June 30, 2022 $ 165,843 |
Deferred Costs of Revenue [Table Text Block] | Balance as of December 31, 2021 $ 154,218 Deferred costs added 2,800 Deferred costs expensed (55,362 ) Balance as of March 31, 2022 101,656 Deferred costs expensed (53,434 ) Balance as of June 30, 2022 $ 48,222 |
Note 4 - Leases (Tables)
Note 4 - Leases (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] | Remainder of 2023 $ 115,438 2024 174,721 2025 74,804 2026 70,220 Total lease payments 435,183 Less: discount (29,420 ) Present value of lease liabilities $ 405,763 |
Note 5 - Fair Value Measureme_2
Note 5 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | June 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 3,250 $ - $ - $ 3,250 Contingent consideration receivable - - 682,000 682,000 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 58,242 $ - $ - $ 58,242 |
Asset Acquisition, Contingent Consideration [Table Text Block] | Fair value of contingent consideration: December 31, 2022 $ - Additions 682,000 March 31, 2023 682,000 Additions - June 30, 2023 $ 682,000 |
Note 6 - Intangible Assets an_2
Note 6 - Intangible Assets and Goodwill (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | Useful Life (Years) December 31, 2022 Additions June 30, 2023 Intangible assets with estimated useful lives Customer relationships 8.0 $ 1,090,000 $ - $ 1,090,000 Non-compete agreements 3.0 120,000 - 120,000 Accumulated amortization (308,217 ) (88,122 ) (396,339 ) Sub-total 901,783 (88,122 ) 813,661 Intangible assets with indefinite lives Trade names Indefinite 280,000 - 280,000 Net identifiable intangible assets $ 1,181,783 $ (88,122 ) $ 1,093,661 Useful Life (Years) December 31, 2021 Additions June 30, 2022 Intangible assets with estimated useful lives Customer relationships 8.0 $ 1,090,000 $ - $ 1,090,000 Non-compete agreements 3.0 120,000 - 120,000 Accumulated amortization (131,973 ) (88,122 ) (220,095 ) Sub-total 1,078,027 (88,122 ) 989,905 Intangible assets with indefinite lives Trade names Indefinite 280,000 - 280,000 Net identifiable intangible assets $ 1,358,027 $ (88,122 ) $ 1,269,905 |
Finite-Lived Intangible Assets Amortization Expense [Table Text Block] | Remainder of 2023 $ 88,122 2024 146,307 2025 136,248 2026 136,248 2027 136,248 Thereafter 170,488 Total $ 813,661 |
Note 7 - Stock-based Compensa_2
Note 7 - Stock-based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2022 Risk-free interest rate 1.91% - 2.41% Dividend yield 0% Expected term (years) 5.75 - 6.00 Expected volatility 45.8% - 46.1% |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
Aug. 09, 2023 USD ($) | Aug. 02, 2023 USD ($) shares | Mar. 16, 2023 | Jun. 30, 2023 USD ($) shares | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2024 USD ($) | Mar. 17, 2023 | Dec. 31, 2022 USD ($) | |
Number of Operating Segments | 2 | 1 | ||||||||
Operating Income (Loss) | $ 493,116 | $ (1,599,270) | $ (461,614) | $ (3,276,332) | ||||||
Tellenger Working Capital | (780,757) | (780,757) | ||||||||
Cash and Cash Equivalents, at Carrying Value | $ 338,300 | 338,300 | $ 731,081 | |||||||
Net Cash Provided by (Used in) Operating Activities | (2,153,536) | (4,356,478) | ||||||||
Proceeds from Issuance of Common Stock | $ 56,266 | $ 0 | ||||||||
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Prime Contracts with U.S. Government Agencies [Member] | ||||||||||
Concentration Risk, Percentage | 10.20% | 34.70% | 28.60% | |||||||
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements [Member] | ||||||||||
Concentration Risk, Percentage | 89.70% | 60.70% | 88.70% | 67.80% | ||||||
Number of Major Contracts | 3 | 2 | ||||||||
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements, Contract One [Member] | ||||||||||
Concentration Risk, Percentage | 30.50% | 25.70% | 30.80% | 27.40% | ||||||
Number of Major Contracts | 3 | |||||||||
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements, Contract Two [Member] | ||||||||||
Concentration Risk, Percentage | 19.30% | 14.47% | 21.70% | 16.50% | ||||||
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements, Contract Three [Member] | ||||||||||
Concentration Risk, Percentage | 17.50% | 15.60% | 10.50% | |||||||
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Multiple Subcontracts [Member] | ||||||||||
Concentration Risk, Percentage | 55.10% | 37.10% | 52.90% | 41.40% | ||||||
Number of Major Contracts | 1 | 1 | 1 | 1 | ||||||
Supplier Concentration Risk [Member] | Revenue Benchmark [Member] | ||||||||||
Number of Major Suppliers | 1 | |||||||||
Supplier Concentration Risk [Member] | Revenue Benchmark [Member] | One Supplier [Member] | ||||||||||
Concentration Risk, Percentage | 39.30% | 35.40% | ||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Subcontracts under Federal Procurements [Member] | ||||||||||
Concentration Risk, Percentage | 26.90% | |||||||||
Number of Major Customers | 2 | 1 | ||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Subcontracts under Federal Procurements, Contract One [Member] | ||||||||||
Concentration Risk, Percentage | 49.50% | |||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Subcontracts under Federal Procurements, Contract Two [Member] | ||||||||||
Concentration Risk, Percentage | 20.70% | |||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Multiple Subcontracts [Member] | ||||||||||
Concentration Risk, Percentage | 74.40% | 32.80% | ||||||||
Number of Major Customers | 1 | 1 | ||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Prime Contracts with U.S. Government Agencies [Member] | ||||||||||
Number of Major Customers | 2 | |||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Prime Contracts with U.S. Government Agencies, Contract One [Member] | ||||||||||
Concentration Risk, Percentage | 29.80% | |||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Prime Contracts with U.S. Government Agencies, Contract Two [Member] | ||||||||||
Concentration Risk, Percentage | 14% | |||||||||
GMDC [Member] | ||||||||||
Equity Method Investment, Ownership Percentage | 24.90% | |||||||||
Common Stock Purchase Agreement [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 0 | |||||||||
Subsequent Event [Member] | GMDC [Member] | ||||||||||
Proceeds from Sale of Equity Method Investments | $ 1,400,000 | |||||||||
Subsequent Event [Member] | Common Stock Purchase Agreement [Member] | ||||||||||
Proceeds from Issuance of Common Stock | $ 118,655 | |||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 200,000 | |||||||||
Minimum [Member] | Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements [Member] | ||||||||||
Contract With Customer, Term | 1 | 1 | ||||||||
Minimum [Member] | Forecast [Member] | ||||||||||
Net Cash Provided by (Used in) Operating Activities | $ 1,000,000 | |||||||||
Maximum [Member] | Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements [Member] | ||||||||||
Contract With Customer, Term | 5 | 5 | ||||||||
Maximum [Member] | Forecast [Member] | ||||||||||
Net Cash Provided by (Used in) Operating Activities | $ 1,500,000 | |||||||||
Summit Community Bank [Member] | ||||||||||
Long-Term Line of Credit | $ 1,000,000 | $ 1,000,000 | ||||||||
Summit Community Bank [Member] | Subsequent Event [Member] | ||||||||||
Repayments of Lines of Credit | 500,000 | |||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 0 | |||||||||
Gray Matters [Member] | ||||||||||
Disposal Group, Including Discontinued Operation, Percentage of Equity Sold | 75.10% |
Note 2 - Sale and Deconsolida_3
Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |
Mar. 17, 2023 | Mar. 31, 2023 | Jun. 30, 2023 | |
Share-based Compensation Arrangement by Share-based Payment Award, Income Previously Recognized As Stocked Based Compensation Expense | $ 407,322 | ||
GMI Employees [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares) | 715,000 | ||
Employees Who Resigned From Wavedancer [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares) | 527,500 | ||
GMI Subsidiary [Member] | |||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $ 100,615 | ||
GMDC [Member] | |||
Business Combination, Consideration Transferred | $ 935,974 | ||
Business Combination, Contingent Annual Payments, Percentage | 5% | 5% | |
Estimate Payments for Administrative Services | $ 65,000 | ||
Payments to Acquire Businesses, Gross | 1,000,974 | ||
GMDC [Member] | Prepaid Expenses and Other Current Assets [Member] | |||
Business Combination, Operating Expense Payment Receivable | $ 133,148 | ||
GMDC [Member] | |||
Equity Method Investment, Ownership Percentage | 24.90% |
Note 2 - Sale and Deconsolida_4
Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations - Consideration Received (Details) - USD ($) | Jun. 30, 2023 | Mar. 18, 2023 | Mar. 17, 2023 | Dec. 31, 2022 |
Cash at closing | $ 133,148 | $ 935,974 | ||
GMDC common stock | 581,000 | |||
Contingent payments | $ 682,000 | 682,000 | $ 0 | |
Total consideration | $ 2,332,122 |
Note 2 - Sale and Deconsolida_5
Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations - Consideration Received (Details) (Parentheticals) | Jun. 30, 2023 | Mar. 17, 2023 |
Discount Rate of Project Revenue | 40.75% | 40.80% |
Note 2 - Sale and Deconsolida_6
Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations - Disposal Group (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Net income (loss) on discontinued operations | $ 0 | $ 396,451 | $ (335,993) | $ 477,504 | |
Gray Matters Inc [Member] | |||||
Revenue | 0 | 566,862 | 0 | 566,862 | |
Cost of revenue | 0 | 540,921 | 74,223 | 861,327 | |
Gross Profit | 25,941 | (74,223) | (294,465) | ||
Salaries and benefits | 0 | 378,431 | 484,249 | 613,278 | |
Intangibles amortization | 0 | 306,917 | 85,338 | 613,705 | |
Stock based compensation, before forfeitures | 0 | 170,629 | 65,487 | 252,839 | |
Forfeiture of stock options | 0 | 0 | (407,322) | 0 | |
Other operating expenses | 0 | 237,460 | 134,633 | 389,126 | |
Change in fair value of contingent consideration | 0 | (942,609) | 0 | (930,000) | |
Gain on disposal of business | 0 | 0 | (100,615) | 0 | |
Loss before income tax benefit | 0 | (124,887) | (335,993) | (1,233,413) | |
Income tax benefit | 0 | 521,338 | 0 | 1,710,917 | |
Net income (loss) on discontinued operations | $ 0 | $ 396,451 | $ (335,993) | $ 477,504 | |
Total assets of discontinued operations | $ 2,316,845 | ||||
Gray Matters Inc [Member] | Customer Relationships [Member] | |||||
Discontinued operations, intangible assets | 1,057,722 | ||||
Gray Matters Inc [Member] | Technology-Based Intangible Assets [Member] | |||||
Discontinued operations, intangible assets | 760,698 | ||||
Gray Matters Inc [Member] | Computer Software, Intangible Asset [Member] | |||||
Discontinued operations, intangible assets | $ 498,425 |
Note 3 - Revenue from Contrac_3
Note 3 - Revenue from Contracts with Customers (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 0 | $ 0 | $ 0 | ||
Contract with Customer, Liability, Revenue Recognized | 55,088 | $ 55,168 | 110,753 | $ 111,591 | |
Capitalized Contract Cost, Net | $ 0 | $ 0 | $ 0 |
Note 3 - Revenue from Contrac_4
Note 3 - Revenue from Contracts with Customers - Disaggregation of Revenue From Contracts with Customers (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenue, Amount | $ 2,024,622 | $ 3,750,520 | $ 4,184,745 | $ 6,746,032 |
Services Time and Materials [Member] | ||||
Revenue, Amount | $ 1,719,674 | $ 2,153,537 | $ 3,600,335 | $ 4,066,533 |
Services Time and Materials [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 84.90% | 57.40% | 86% | 60.30% |
Services Fixed Price Over Time [Member] | ||||
Revenue, Amount | $ 102,402 | $ 51,154 | $ 204,804 | $ 102,308 |
Services Fixed Price Over Time [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 5.10% | 1.30% | 4.90% | 1.50% |
Services Combination [Member] | ||||
Revenue, Amount | $ 33,090 | $ 21,080 | $ 66,180 | $ 30,080 |
Services Combination [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 1.60% | 0.60% | 1.60% | 0.40% |
Services Fixed Price per Unit [Member] | ||||
Revenue, Amount | $ 112,791 | $ 52,061 | $ 200,096 | $ 145,601 |
Services Fixed Price per Unit [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 5.60% | 1.40% | 4.80% | 2.20% |
Third-Party Software [Member] | ||||
Revenue, Amount | $ 56,665 | $ 1,423,770 | $ 113,330 | $ 2,286,808 |
Third-Party Software [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 2.80% | 38% | 2.70% | 33.90% |
Software Support and Maintenance [Member] | ||||
Revenue, Amount | $ 0 | $ 48,918 | $ 0 | $ 98,087 |
Software Support and Maintenance [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 0% | 1.30% | 0% | 1.50% |
Incentive Payments [Member] | ||||
Revenue, Amount | $ 0 | $ 16,615 | ||
Incentive Payments [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 0% | 0.20% | ||
All Products and Service [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||
Revenue, Percentage | 100% | 100% | 100% | 100% |
Note 3 - Revenue from Contrac_5
Note 3 - Revenue from Contracts with Customers - Accounts Receivable (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Accounts receivable | $ 1,734,944 | $ 1,629,559 |
Billed Revenues [Member] | Government Sector [Member] | ||
Accounts receivable | 1,706,632 | 1,573,407 |
Billed Revenues [Member] | Commercial and Industrial Sector [Member] | ||
Accounts receivable | 0 | 56,152 |
Unbilled Revenues [Member] | ||
Accounts receivable | $ 28,312 | $ 0 |
Note 3 - Revenue from Contrac_6
Note 3 - Revenue from Contracts with Customers - Changes in Contract Assets and Liabilities (Details) - USD ($) | 3 Months Ended | |||
Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 | |
Contract assets, balance | $ 127,091 | $ 182,756 | $ 149,692 | $ 186,835 |
Contract liabilities added | 0 | 0 | 87,612 | 19,280 |
Revenue recognized | (55,088) | (55,665) | (71,461) | (56,423) |
Contract assets, balance | $ 72,003 | $ 127,091 | $ 165,843 | $ 149,692 |
Note 3 - Revenue from Contrac_7
Note 3 - Revenue from Contracts with Customers - Deferred Costs of Revenue Balances Included in Prepaid Expenses (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2022 | Mar. 31, 2022 | |
Balance, deferred costs of revenue | $ 101,656 | $ 154,218 |
Deferred costs added | (53,434) | 2,800 |
Deferred costs expensed | (55,362) | |
Balance, deferred costs of revenue | $ 48,222 | $ 101,656 |
Note 4 - Leases (Details Textua
Note 4 - Leases (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Lessee, Operating Lease, Rent Escalations, Percentage | 2.50% | |||
Operating Lease, Weighted Average Remaining Lease Term (Year) | 29 years | 29 years | ||
Operating Lease, Weighted Average Discount Rate, Percent | 5% | 5% | ||
Operating Lease, Expense | $ 38,053 | $ 54,460 | $ 76,106 | $ 110,720 |
Minimum [Member] | ||||
Lessee, Operating Lease, Term of Contract (Month) | 37 months | 37 months | ||
Maximum [Member] | ||||
Lessee, Operating Lease, Term of Contract (Month) | 67 months | 67 months |
Note 4 - Leases - Operating Lea
Note 4 - Leases - Operating Lease Maturities (Details) | Jun. 30, 2023 USD ($) |
Remainder of 2023 | $ 115,438 |
2024 | 174,721 |
2025 | 74,804 |
2026 | 70,220 |
Total lease payments | 435,183 |
Less: discount | (29,420) |
Present value of lease liabilities | $ 405,763 |
Note 5 - Fair Value Measureme_3
Note 5 - Fair Value Measurements (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Mar. 17, 2023 | |
Discount Rate of Project Revenue | 40.75% | 40.80% |
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) | $ 0 | |
GMDC [Member] | ||
Business Combination, Contingent Annual Payments, Percentage | 5% | 5% |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 4,000,000 | |
Business Combination, Contingent Consideration Arrangements, Tax, Percentage | 27% |
Note 5 - Fair Value Measureme_4
Note 5 - Fair Value Measurements - Financial Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Contingent consideration receivable | $ 682,000 | $ 682,000 | $ 0 |
Fair Value, Recurring [Member] | |||
Contingent consideration receivable | 682,000 | ||
Money Market Funds [Member] | Fair Value, Recurring [Member] | |||
Money market funds | 3,250 | 58,242 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | |||
Contingent consideration receivable | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member] | Fair Value, Recurring [Member] | |||
Money market funds | 3,250 | 58,242 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | |||
Contingent consideration receivable | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Money Market Funds [Member] | Fair Value, Recurring [Member] | |||
Money market funds | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | |||
Contingent consideration receivable | 682,000 | ||
Fair Value, Inputs, Level 3 [Member] | Money Market Funds [Member] | Fair Value, Recurring [Member] | |||
Money market funds | $ 0 | $ 0 |
Note 5 - fair Value Measureme_5
Note 5 - fair Value Measurements - Fair Value of Contingent Consideration (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2023 | Mar. 31, 2023 | |
Balance, fair value | $ 682,000 | $ 0 |
Additions, fair value | 0 | 682,000 |
Balance, fair value | $ 682,000 | $ 682,000 |
Note 6 - Intangible Assets an_3
Note 6 - Intangible Assets and Goodwill - Schedule of Intangible Assets and Goodwill (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Accumulated amortization | $ (308,217) | $ (131,973) |
Accumulated amortization, additions | (88,122) | (88,122) |
Accumulated amortization | (396,339) | (220,095) |
Intangible assets with estimated useful lives | 901,783 | 1,078,027 |
Intangible assets with estimated useful lives | 813,661 | 989,905 |
Net identifiable intangible assets | 1,181,783 | 1,358,027 |
Net identifiable intangible assets | 1,093,661 | 1,269,905 |
Trade Names [Member] | ||
Intangible assets with indefinite lives | 280,000 | 280,000 |
Intangible assets with indefinite lives | $ 280,000 | $ 280,000 |
Customer Relationships [Member] | ||
Useful life (Year) | 8 years | 8 years |
Finite lived intangible assets, gross | $ 1,090,000 | $ 1,090,000 |
Finite lived intangible assets, gross | $ 1,090,000 | $ 1,090,000 |
Noncompete Agreements [Member] | ||
Useful life (Year) | 3 years | 3 years |
Finite lived intangible assets, gross | $ 120,000 | $ 120,000 |
Finite lived intangible assets, gross | $ 120,000 | $ 120,000 |
Note 6 - Intangible Assets an_4
Note 6 - Intangible Assets and Goodwill - Amortization Expense (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Remainder of 2023 | $ 88,122 | |||
2024 | 146,307 | |||
2025 | 136,248 | |||
2026 | 136,248 | |||
2027 | 136,248 | |||
Thereafter | 170,488 | |||
Total | $ 813,661 | $ 901,783 | $ 989,905 | $ 1,078,027 |
Note 7 - Stock-based Compensa_3
Note 7 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jan. 01, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 | 912,000 | ||
Percentage of Size Adjustment Premium of Volatility, Increased During Period | 30% | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Grant Date Fair Value | $ 2,074,670 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | 52,000 | 20,000 | 157,000 | |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 591,946 | $ 591,946 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Month) | 13 months | ||||
Share-Based Payment Arrangement, Expense | $ 88,159 | $ 358,936 | $ 376,331 | $ 588,902 |
Note 7 - Stock-based Compensa_4
Note 7 - Stock-based Compensation - Assumptions (Details) | 6 Months Ended |
Jun. 30, 2022 | |
Dividend yield | 0% |
Expected volatility | 0% |
Minimum [Member] | |
Risk-free interest rate | 1.91% |
Expected term (Year) | 5 years 9 months |
Expected volatility | 45.80% |
Maximum [Member] | |
Risk-free interest rate | 2.41% |
Expected term (Year) | 6 years |
Expected volatility | 46.10% |
Note 8 - Settlement of Litiga_2
Note 8 - Settlement of Litigation (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Apr. 28, 2023 | Jan. 25, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Gain (Loss) Related to Litigation Settlement | $ 1,442,468 | $ 0 | $ 1,442,468 | $ 0 | ||
WaveDancer, Inc. vs. Jeffrey Gerald [Member] | Pending Litigation [Member] | Severance and Benefits [Member] | ||||||
Loss Contingency, Damages Sought, Value | $ 150,000 | |||||
Litigation Settlement, Reversal of Liability | $ 1,500,000 | |||||
Loss Contingency, Damages Sought, Shares (in shares) | 436,481 | |||||
WaveDancer, Inc. vs. Jeffrey Gerald [Member] | Settled Litigation [Member] | ||||||
Litigation Settlement, Amount Awarded to Other Party | $ 25,000 | |||||
Gain (Loss) Related to Litigation Settlement | 1,442,468 | |||||
WaveDancer, Inc. vs. Jeffrey Gerald [Member] | Settled Litigation [Member] | Severance and Benefits [Member] | ||||||
Litigation Settlement, Reversal of Liability | $ 1,500,000 | |||||
Litigation Settlement, Amount Awarded to Other Party, Shares (in shares) | 436,481 |
Note 9 - Revolving Line of Cr_2
Note 9 - Revolving Line of Credit and Notes Payable (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Aug. 09, 2023 | Mar. 07, 2023 | Jun. 30, 2023 | Jun. 30, 2023 | Sep. 30, 2022 | |
Premium Financing Agreement [Member] | |||||
Debt Instrument, Face Amount | $ 305,759 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 8.75% | ||||
Debt Instrument, Periodic Payment | $ 31,815 | ||||
Summit Community Bank [Member] | |||||
Long-Term Line of Credit | $ 1,000,000 | $ 1,000,000 | |||
Summit Community Bank [Member] | Subsequent Event [Member] | |||||
Repayments of Lines of Credit | $ 500,000 | ||||
Line of Credit Facility, Remaining Borrowing Capacity | 0 | ||||
Revolving Credit Facility [Member] | Summit Community Bank Second Line[Member] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,000,000 | ||||
Long-Term Line of Credit | 1,000,000 | 1,000,000 | |||
Revolving Credit Facility [Member] | Summit Community Bank Second Line[Member] | Minimum [Member] | |||||
Debt Instrument, Interest Rate, Effective Percentage | 3.99% | ||||
Revolving Credit Facility [Member] | Summit Community Bank Second Line[Member] | Maximum [Member] | |||||
Debt Instrument, Interest Rate, Effective Percentage | 20% | ||||
Revolving Credit Facility [Member] | Summit Community Bank [Member] | |||||
Repayments of Lines of Credit | 0 | 0 | |||
Proceeds from Lines of Credit | 575,000 | ||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 0 | $ 0 | |||
Revolving Credit Facility [Member] | Summit Community Bank [Member] | Subsequent Event [Member] | |||||
Repayments of Lines of Credit | $ 500,000 |
Note 10 - Sales of Shares Und_2
Note 10 - Sales of Shares Under Common Stock Purchase Agreement (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||||||
Nov. 10, 2022 | Aug. 11, 2022 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Jul. 08, 2022 | |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||
Stock Issued During Period, Value, New Issues | $ 37,631 | ||||||||
Registration Rights Agreement [Member] | |||||||||
Common Stock, Maximum Shares Sold (in shares) | 4,500,000 | ||||||||
Common Stock Purchase Agreement [Member] | |||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | ||||||||
B. Riley Principal Capital II, LLC (the “Selling Stockholder”) [Member] | |||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | ||||||||
Amortization of Commitment Fee | $ 76,673 | $ 92,495 | |||||||
B. Riley Principal Capital II, LLC (the “Selling Stockholder”) [Member] | Prepaid Expenses and Other Current Assets [Member] | |||||||||
Commitment Fee, Fair Value Disclosure | $ 150,000 | ||||||||
B. Riley Principal Capital II, LLC (the “Selling Stockholder”) [Member] | Commitment Fee [Member] | |||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 29,945 | 89,835 | |||||||
B. Riley Principal Capital II, LLC (the “Selling Stockholder”) [Member] | Common Stock Purchase Agreement [Member] | |||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 74,286 | ||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 0.72 | $ 0.72 | |||||||
Shares Issued, Fees Per Share (in dollars per share) | $ 0.04 | $ 0.04 | |||||||
Stock Issued During Period, Value, New Issues | $ 0 | $ 53,453 | $ 0 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) Pure in Thousands | 3 Months Ended |
Jun. 30, 2023 | |
Effective Income Tax Rate Reconciliation, Percent, Total | 0% |
Note 12 - Earnings Per Share (D
Note 12 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Share-Based Payment Arrangement, Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 711,537 | 195,100 | 713,035 |
Warrant [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 146,269 | 239,779 |
Note 13 - Subsequent Events (De
Note 13 - Subsequent Events (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Aug. 09, 2023 | Aug. 02, 2023 | Jun. 30, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 17, 2023 | |
Proceeds from Issuance of Common Stock | $ 56,266 | $ 0 | ||||
Gray Matters [Member] | ||||||
Disposal Group, Including Discontinued Operation, Percentage of Equity Sold | 75.10% | |||||
Subsequent Event [Member] | ||||||
Equity Method Investment, Realized Gain (Loss) on Disposal | $ 382,525 | |||||
Investment Owned, Net Assets, Percentage | 0% | |||||
Subsequent Event [Member] | GMDC [Member] | ||||||
Proceeds from Sale of Equity Method Investments | $ 1,400,000 | |||||
Subsequent Event [Member] | GMI Subsidiary [Member] | ||||||
Proceeds From Setllement of Contingent Consideration Receivable | 1,000,000 | |||||
Common Stock Purchase Agreement [Member] | ||||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | |||||
Common Stock Purchase Agreement [Member] | Subsequent Event [Member] | ||||||
Stock Issued During Period, Shares, New Issues (in shares) | 200,000 | |||||
Shares Issued, Price Per Share (in dollars per share) | $ 0.59 | |||||
Shares Issued, Fees Per Share (in dollars per share) | $ 0.03 | |||||
Proceeds from Issuance of Common Stock | $ 118,655 | |||||
Common Stock [Member] | Subsequent Event [Member] | GMDC [Member] | ||||||
Proceeds from Sale of Equity Method Investments | $ 400,000 |