Firefly Neuroscience (AIFF) 10-K 20 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 15, 2024	Jun. 30, 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	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-41092
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	54-1167364
Entity Address, Address Line One	12015 Lee Jackson Memorial Highway Ste 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 5,054,170
Entity Common Stock, Shares Outstanding		2,013,180
Auditor Name	CohnReznick LLP
Auditor Location	Tysons, Virginia
Auditor Firm ID	596

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 681,995	$ 731,081
Accounts receivable	1,117,862	1,629,559
Prepaid expenses and other current assets	267,351	442,445
Total current assets	2,067,208	2,803,085
Intangible assets, net of accumulated amortization of $484,461 and $308,217, respectively	1,005,539	1,181,783
Goodwill	1,125,101	1,125,101
Right-of-use operating lease asset	245,569	376,104
Property and equipment, net of accumulated depreciation and amortization of $432,620 and $391,628, respectively	57,999	98,991
Other assets	18,419	79,305
Assets held for sale	0	2,316,845
Total assets	4,519,835	7,981,214
Current liabilities
Accounts payable	403,441	573,789
Revolving line of credit	500,000	425,000
Accrued payroll and related liabilities	615,766	676,796
Commissions payable	30,223	125,033
Income taxes payable	3,450	3,101
Other accrued liabilities	267,604	283,497
Contract liabilities	114,540	182,756
Operating lease liabilities - current	163,282	203,342
Deferred acquisition consideration	0	1,415,098
Total current liabilities	2,098,306	3,888,412
Operating lease liabilities - non-current	136,652	303,778
Deferred tax liabilities, net	16,187	59,121
Total liabilities	2,251,145	4,251,311
Stockholders' equity
Common stock, $0.001 par value 100,000,000 shares authorized; 2,180,485 and 2,083,860 shares issued, 2,013,180 and 1,916,555 shares outstanding as of December 31, 2023 and 2022, respectively	2,180	2,084
Additional paid-in capital	36,456,957	35,883,831
Accumulated deficit	(33,225,236)	(31,190,801)
Treasury stock, 167,305 shares at cost, as of December 31, 2023 and 2022	(965,211)	(965,211)
Total stockholders' equity	2,268,690	3,729,903
Total liabilities and stockholders' equity	$ 4,519,835	$ 7,981,214

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Intangible assets, accumulated amortization	$ 484,461	$ 308,217
Property and equipment, accumulated depreciation and amortization	$ 432,620	$ 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)	2,180,485	2,083,860
Common stock, shares outstanding (in shares)	2,013,180	1,916,555
Treasury stock, shares (in shares)	167,305	167,305

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Total revenues	$ 7,981,975	$ 11,022,982
Cost of revenues
Total cost of revenues excluding depreciation and amortization	5,367,678	8,160,138
Gross profit	2,614,297	2,862,844
Selling, general and administrative expenses	5,842,132	8,281,801
Gain on litigation settlement	(1,442,468)	0
Operating loss from continuing operations	(1,785,367)	(5,418,957)
Gain on sale of equity investment and settlement of contingent consideration receivable	382,525	0
Other income, net	10,596	7,107
Interest expense	(103,256)	(81,621)
Loss from continuing operations before income taxes and equity in net loss of affiliate	(1,495,502)	(5,493,471)
Income tax (benefit) expense	(42,585)	812,457
Net loss from continuing operations before equity in net loss of affiliate	(1,452,917)	(6,305,928)
Equity in net loss of affiliate	(245,525)	0
Net loss from continuing operations	(1,698,442)	(6,305,928)
Loss from discontinued operations	(335,993)	(11,447,910)
Net loss	$ (2,034,435)	$ (17,753,838)
Basic and diluted loss per share from continuing operations (in dollars per share)	$ (0.87)	$ (3.56)
Basic and diluted loss per share from discontinued operations (in dollars per share)	(0.17)	(6.47)
Basic and diluted net loss per share (in dollars per share)	$ (1.04)	$ (10.03)
Weighted average common shares outstanding
Basic and diluted (in shares)	1,948,769	1,768,853
Professional Fees [Member]
Revenues
Total revenues	$ 7,793,163	$ 8,347,052
Cost of revenues
Total cost of revenues excluding depreciation and amortization	5,180,508	5,651,424
Software Sales [Member]
Revenues
Total revenues	188,812	2,675,930
Cost of revenues
Total cost of revenues excluding depreciation and amortization	$ 187,170	$ 2,508,714

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
Balances (in shares) at Dec. 31, 2021	1,888,231
Balances at Dec. 31, 2021	$ 1,888	$ 31,806,458	$ (13,436,963)	$ (930,211)	$ 17,441,172
Net Income (loss)	0	0	(17,753,838)	0	(17,753,838)
Stock option compensation	$ 0	1,967,927	0	0	1,967,927
Stock issued (in shares)	169,229
Stock issued	$ 169	2,036,831	0	0	$ 2,037,000
Issuance of stock from exercise of options (in shares)	26,400				26,400
Issuance of stock from exercise of options	$ 27	72,615	0	(35,000)	$ 37,642
Balances (in shares) at Dec. 31, 2022	2,083,860
Balances at Dec. 31, 2022	$ 2,084	35,883,831	(31,190,801)	(965,211)	3,729,903
Net Income (loss)	0	0	(2,034,435)	0	(2,034,435)
Stock option compensation	$ 0	776,036	0	0	776,036
Stock issued (in shares)	94,625
Stock issued	$ 94	347,014	0	0	$ 347,108
Issuance of stock from exercise of options (in shares)	2,000				2,000
Issuance of stock from exercise of options	$ 2	7,398	0	0	$ 7,400
Forfeiture of stock options on disposal of business (Note 2)	0	(407,322)	0	0	(407,322)
Amortization of stock issue costs	$ 0	(150,000)	0	0	(150,000)
Balances (in shares) at Dec. 31, 2023	2,180,485
Balances at Dec. 31, 2023	$ 2,180	$ 36,456,957	$ (33,225,236)	$ (965,211)	$ 2,268,690

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net Income (loss)	$ (2,034,435)	$ (17,753,838)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from discontinued operations	335,993	11,447,910
Depreciation and amortization	217,236	219,986
Stock-based compensation	710,550	1,276,455
Deferred income tax expense	(42,934)	(3,019,124)
Amortization of right-of-use assets	130,535	183,070
Accretion of deferred acquisition consideration	27,370	80,098
Gain on litigation settlement	(1,442,468)	0
Gain on sale of equity investment and settlement of contingent consideration receivable	(382,525)	0
Equity in loss of affiliate	245,525	0
Changes in operating assets and liabilities:
Accounts receivable	511,697	35,303
Prepaid expenses and other current assets	158,242	(15,455)
Other assets	60,886	(2,205)
Accounts payable	(170,348)	(76,710)
Contract liabilities	(68,216)	(4,079)
Accrued payroll and related liabilities and other accrued liabilities	(76,574)	235,259
Operating lease liability	(207,186)	(192,128)
Commissions payable	(94,810)	(99,217)
Cash used in operating activities of continuing operations	(2,121,462)	(7,684,675)
Cash used in operating activities of discontinued operations	(693,106)	1,670,714
Net cash used in operating activities	(2,814,568)	(6,013,961)
Cash flows from investing activities
Acquisition of property and equipment	0	(535,902)
Proceeds from sale of equity investment and settlement of contingent consideration receivable	1,400,000	0
Proceeds from disposal of business	935,974	0
Net cash provided by (used in) investing activities	2,335,974	(535,902)
Cash flows from financing activities
Borrowings under revolving line of credit	575,000	425,000
Repayments under revolving line of credit	(500,000)	0
Premium financing borrowings	305,759	0
Premium financing repayments	(305,759)	0
Proceeds from issuance of stock	347,108	1,887,000
Proceeds from exercise of stock options	7,400	37,642
Net cash provided by financing activities	429,508	2,349,642
Net decrease in cash and cash equivalents	(49,086)	(4,200,221)
Cash and cash equivalents, beginning of period	731,081	4,931,302
Cash and cash equivalents, end of period	681,995	731,081
Supplemental cash flow Information
Interest paid	73,678	1,250
Non-cash investing and financing activities:
Non-cash proceeds on disposal of business	1,263,000	0
Value of common stock issued in connection with common stock purchase agreement	$ 0	$ 150,000

Cybersecurity

Cybersecurity	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Cybersecurity [Text Block]	Item 1C. We maintain a cybersecurity risk management program and related policies and processes to identify, assess and manage material risks from cybersecurity threats. Our program includes working groups responsible for the monitoring of and response to threats. Security workgroups assess and monitor risk posture by continuously evaluating IT infrastructure, deploying security information and event management software tools, and enforcing an assortment of other IT security controls. We communicate regularly with partner contractors and agencies to support risk management, threat monitoring, and incident response efforts. Our Tellenger subsidiary engages consultants for security assessments and quality system reviews to provide feedback on existing processes and recommend improvements. Additionally, Tellenger has completed numerous assessments for contract and Federal compliance of our internal systems and the systems we work on. To date, cybersecurity threats have not The Chief Executive Officer, with assistance from other members of management, is responsible for managing our cybersecurity program, policies and strategy. Our Board of Directors is responsible for overseeing the management of cybersecurity risks, including the review of, as required, our processes around the management and monitoring of such risks.

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	9B. None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 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, 2023 2022 2, 2 Prior to March 17, 2023, two 2 March 17, 2023, one Liquidity and Going Concern During the year ended December 31, 2023, December 31, 2023, December 31, 2023, no November 15, 2023, five one November 15, 2023, March 14, 2024, The Merger Agreement requires that WaveDancer has sufficient cash on hand on the closing date to pay all its outstanding liabilities on that date including transactions fees and expenses as well as severance costs for employees that will be terminated as a result of the merger. The Company will have to raise approximately $0.8 to $1.1 million to satisfy its obligations on the closing date. In addition, Firefly has conditions it must satisfy in order for the Merger to close, including approval by Nasdaq Capital Markets LLC of its initial listing application. In order to have its listing application approved by Nasdaq, Firefly will need to raise approximately $6 million of equity as of the closing of the Merger. There is no one not no The accompanying 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 consolidated financial statements do not Reverse Stock Split On October 18, 2023, one ten No Basis of Presentation and Consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding annual financial reporting. The accompanying consolidated financial statements include the accounts of WaveDancer, Inc. and its consolidated subsidiaries (collectively, the “Company”, “we” or “our”). All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates Preparation of 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, reporting units, intangible assets, and goodwill; useful lives of intangible assets and property and equipment; the valuation of stock-based compensation, the valuation of deferred tax assets and liabilities; and contingent 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. Revenue Recognition See Note 3 Cash and Cash Equivalents We consider all highly liquid investments with maturities of ninety not Accounts Receivable Our payment terms for accounts receivable vary by the types of our customers and the products or services offered. Typically, we invoice for services on a monthly basis, and we invoice for product sales upon delivery. We maintain an allowance for credit losses for accounts receivable, which is recorded as an offset to accounts receivable, and changes in such are classified as general and administrative expense in the consolidated statements of operations. We assess collectability on an individual customer basis. In determining the amount of the allowance for credit losses, we consider historical collectability based on past due status and make judgments about the creditworthiness of customers based on ongoing credit evaluations. Our allowance for doubtful accounts as of December 31, 2023 2022 Property and Equipment Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. Furniture and fixtures are depreciated over the lesser of the useful life or five three three 7. Stock-Based Compensation The Company’s stock-based compensation plans as of December 31, 2023 13 December 31, 2023 2022, December 31, 2023 2022, 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, ( August 9, 2023 March 18 August 9, 2023, 2 Income Taxes Deferred tax assets and liabilities are computed based on the difference between the financial statement and tax basis of assets and liabilities and are measured by applying enacted tax rates and laws for the taxable years in which those differences are expected to reverse. The Company expects that recent tax law changes contained in the Inflation Reduction Act and CHIPS Act will not not not not, 11. Loss Per Share The Company’s loss per share calculation is based upon the weighted average number of shares of common stock outstanding. The dilutive effect of stock options, warrants, and other equity instruments are included for purposes of calculating diluted income per share, except for periods when the Company reports a net loss, in which case the inclusion of such equity instruments would be antidilutive. See Note 16. Concentration of Credit Risk During the year ended December 31, 2023, five one During the year ended December 31, 2022, five one The Company sold third one 2023 2022, As of December 31, 2023, two one As of December 31, 2022, one one one Intangibles and Goodwill The Company accounts for goodwill and other intangible assets in accordance with ASC Topic 350, Goodwill – Intangibles and Other 350” one one not not may not October 31 Management evaluates the recoverability of the Company’s indefinite-lived intangible assets (tradenames) annually on October 31, Management evaluates the recoverability of the Company’s finite-lived intangible assets and other long-lived assets when events or circumstances indicate a potential impairment exists. In determining if impairment exists, the Company estimates the undiscounted cash flows to be generated from the use and ultimate disposition of these assets or asset groups that contain those assets. If impairment is indicated based on a comparison of an asset group’s carrying values and the undiscounted cash flows, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. Recently Issued Accounting Pronouncements In November 2023, 2023 07, Segment Reporting (Topic 280 2023 07 10 December 31, 2024,

Note 2 - Sale and Deconsolidati

Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations	12 Months Ended
	Dec. 31, 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 1, 2023 March 17, 2023. The equity interest StealthPoint and other GMDC investors received was in the form of Series A non-participating convertible preferred stock having a one 1x no not three June 30, 2023 no 2023, not August 9, 2023, The components of the consideration received and the methods for determining their fair values as of March 17, 2023 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 Contingent payments 682,000 Estimated by applying a discount rate of 40.8 7 Total consideration $ 2,332,122 The GMDC common stock was accounted for as an equity method investment from March 17, 2023, August 9, 2023. August 9, 2023, third 2023. The following table sets forth details of net earnings from discontinued operations for the years ended December 31, 2023 2022, March 17, 2023. 2023 2022 Revenue $ - $ 998,970 Cost of revenue 74,223 1,281,656 Excess of contract costs over revenue (74,223 ) (282,686 ) Operating expenses - Salaries and benefits 484,249 1,337,788 Intangibles amortization 85,338 1,223,328 Stock based compensation, before forfeitures 65,487 691,472 Forfeiture of stock options (407,322 ) - Other operating expenses 134,633 530,294 Change in fair value of contingent consideration - (930,000 ) Impairment of long-lived assets - 3,762,915 Goodwill impairment - 6,460,168 Gain on disposal of business (100,615 ) - Loss before income tax benefit (335,993 ) (13,358,651 ) Income tax benefit - 1,910,741 Net loss on discontinued operations $ (335,993 ) $ (11,447,910 ) During the year ended December 31, 2023, 2023. The income tax benefit is at an effective rate different from the federal statutory rate due principally to the following: 2023 2022 Loss from discontinued operations before income tax benefit $ (335,993 ) $ (13,358,651 ) Income tax benefit at federal statutory rate 70,559 2,805,317 State income tax benefit, net of federal benefit - 392,699 Permanent Differences - (1,158,687 ) Net Operating Loss ("NOL") expirations (7,084 ) - Other (47,203 ) (11,675 ) Change in federal valuation allowance (16,272 ) (116,913 ) Income tax benefit - 1,910,741 The following table presents the components of the assets of our discontinued operations that are classified as held for sale as of December 31, 2022. December 31, 2023, December 31, 2022 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	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 3. Revenue from Contracts with Customers Revenue is recognized when all the following steps have been taken and criteria met for each contract: ● Identification of the contract, or contracts, with a customer - ● Identification of the performance obligations in the contract - third not ● Determination of the transaction price - ● Allocation of the transaction price to the performance obligations in the contract - ● Recognition of revenue when, or as, the Company satisfies performance obligations - 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 Year Ended December 31, 2023 2022 Contract Type Amount Percentage Amount Percentage Services time & materials $ 6,923,176 86.7 % $ 7,521,165 68.2 % Services fixed price over time 414,682 5.2 % 407,611 3.7 % Services combination 131,190 1.6 % 113,610 1.0 % Services fixed price per unit 324,115 4.1 % 304,666 2.8 % Third-party software 188,812 2.4 % 2,427,937 22.0 % Software support & maintenance - 0.0 % 142,891 1.3 % Incentive payments - 0.0 % 105,102 1.0 % Total revenue $ 7,981,975 100.0 % $ 11,022,982 100.0 % Contract Balances 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 2023 2022 Balance at December 31, 2021 $ 186,835 Contract liabilities added 439,230 Revenue recognized (443,309 ) Balance at December 31, 2022 182,756 Contract liabilities added 118,018 Revenue recognized (186,234 ) Balance at December 31, 2023 $ 114,540 Revenue recognized during 2023 December 31, 2022 2022 December 31, 2021 Costs to Obtain or Fulfill a Contract When applicable, the Company recognizes an asset related to the costs incurred to obtain a contract only if it expects to recover those costs and it would not not no December 31, 2023, 2022. Deferred Costs of Revenue Deferred costs of revenue consist of the costs of third not not 2023 2022 Balance at December 31, 2021 $ 154,218 Deferred costs added 223,148 Deferred costs expensed (220,647 ) Balance at December 31, 2022 156,719 Deferred costs added 100,098 Deferred costs expensed (168,829 ) Balance at December 31, 2023 $ 87,988

Note 4 - Leases

Note 4 - Leases	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 4. Leases The Company has two one one 2021 December 31, 2023 2022. As of December 31, 2023 2022, not The Company’s operating lease asset represents its right to use an underlying asset for the lease term and lease liabilities 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 lease does not not The Company’s lease agreements do not The Company does not third As of December 31, 2023, two December 31, 2023 2024 $ 174,721 2025 74,804 2026 70,220 Total lease payments 319,745 Less: discount (19,811 ) Present value of lease liabilities $ 299,934 The total expense incurred related to its operating leases was $152,211 and $214,241 for the years ended December 31, 2023 2022,

Note 5 - Receivables

Note 5 - Receivables	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Accounts and Nontrade Receivable [Text Block]	Note 5. Receivables Accounts receivable as of December 31, 2023 2022, December 31, 2023 December 31, 2022 Billed federal government $ 1,110,001 $ 1,573,407 Billed commercial and local government 6,600 56,152 Unbilled receivables 1,261 - Accounts receivable $ 1,117,862 $ 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. Unbilled receivables include short-term contract assets where billing cycles differ from calendar months, or a monthly fixed billing amount does not December 31, 2021,

Note 6 - Fair Value Measurement

Note 6 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 6. 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 represents the fair value hierarchy for the Company’s financial instruments measured at fair value on a recurring basis as of December 31, 2023 2022: December 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 631,258 $ - $ - $ 631,258 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 58,242 $ - $ - $ 58,242 The following table reflects the change in fair value of our financial instruments measured at fair value on a recurring basis based on Level 3 Fair value of contingent consideration: December 31, 2021 $ 930,000 Additions - Changes in Fair Value (930,000 ) December 31, 2022 - Additions 682,000 Changes in Fair Value - Settlements (682,000 ) December 31, 2023 $ - Money market funds are highly liquid investments and are included in cash and cash equivalents on the consolidated balance sheets. The pricing information on these investment instruments is readily available and can be independently validated as of the measurement date. This approach results in the classification of these securities as Level 1 2 The carrying amounts of financial instruments such as accounts receivable and accounts payable approximate the related fair value due to the short-term maturities of these instruments. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis There were no 2023. 2022, 2022 Impairment of long-lived assets Intangible assets $ 3,649,193 Right of use assets 113,722 3,762,915 Impairment of goodwill 6,460,168 Total $ 10,223,083 During the third 2022, September 30, 2022, third 2022, For our third 2022 may 3 2022 third On January 18, 2023 December 31, 2022, The components of the consideration and methods for valuing them to determine the fair value of the Gray Matters reporting unit were 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 Contingent payments 682,000 Estimated by applying a discount rate of 40.8% 7 Total consideration $ 2,332,122 As a result of the December 31, 2022 2022. The Company consummated the transaction with StealthPoint on March 17, 2023, 2.

Note 7 - Property and Equipment

Note 7 - Property and Equipment	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 7. Property and Equipment Property and equipment consist of the following as of December 31: 2023 2022 Computer equipment and purchased software $ 365,874 $ 365,874 Furniture and equipment 117,307 117,307 Leasehold improvements 7,438 7,438 Property and equipment, gross 490,619 490,619 Less: Accumulated depreciation (432,620 ) (391,628 ) Property and equipment, net $ 57,999 $ 98,991 Depreciation and amortization expense related to property and equipment for the years ended December 31, 2023 2022,

Note 8 - Intangible Assets

Note 8 - Intangible Assets	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 8. Intangible Assets The following table summarizes our intangible assets as of December 31, 2023 2022 2023: Weighted Average Useful Life (Years) Balance December 31, 2022 Additions Balance December 31, 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 ) (176,244 ) (484,461 ) Sub-total 901,783 (176,244 ) 725,539 Intangible assets with indefinite lives Trade names Indefinite 280,000 - 280,000 Net identifiable intangible assets $ 1,181,783 $ (176,244 ) $ 1,005,539 As of December 31, 2023, five 2024 $ 146,307 2025 136,248 2026 136,248 2027 136,248 2028 136,248 Thereafter 34,240 Total $ 725,539

Note 9 - Settlement of Litigati

Note 9 - Settlement of Litigation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	Note 9. 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 43,648 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 10 - Revolving Line of Cre

Note 10 - Revolving Line of Credit	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 10. Revolving Line of Credit On September 30, 2022, The Wall Street Journal May 16, 2023, May 16, 2024. December 31, 2023 2022, December 31, 2023, As of December 31, 2023,

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 11. Income Taxes Income tax (benefit) expense for the years ended December 31, 2023 2022 2023 2022 Current income tax (benefit) expense Federal $ (3,101 ) $ 2,533 State & Local 3,450 7,566 349 10,099 Deferred income tax (benefit) expense Federal (25,650 ) 795,001 State & Local (17,284 ) 7,357 (42,934 ) 802,358 Income tax (benefit) expense $ (42,585 ) $ 812,457 The income tax (benefit) expense is at an effective rate different from the federal statutory rate due principally to the following: 2023 2022 Loss from continuing operations before taxes $ (1,741,027 ) $ (5,493,471 ) Income tax benefit at federal statutory rate $ (365,616 ) $ (1,153,629 ) State income tax benefit, net of federal benefit (247,516 ) 13,334 Permanent Differences (1,782,519 ) 155,260 Net Operating Loss ("NOL") expirations 28,617 12,431 Other 31,234 (174,566 ) Change in federal valuation allowance 2,293,215 1,959,627 Income tax (benefit) expense $ (42,585 ) $ 812,457 Deferred Income Taxes Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities were as follows: 2023 2022 Deferred tax assets: Net operating losses $ 2,278,585 $ 2,649,902 Capital loss carryforward 2,187,720 - Stock-based compensation 742,282 743,915 Transaction costs 61,623 - Accrued vacations 41,287 46,665 Accrued commissions 4,980 17,836 Other 14,008 29,534 Deferred tax assets before valuation allowance 5,330,485 3,487,852 Valuation allowance (5,102,758 ) (2,793,271 ) Net deferred tax assets 227,727 694,581 Deferred tax liabilities: Intangible Assets (243,914 ) (753,702 ) Net deferred tax liabilities $ (16,187 ) $ (59,121 ) The Company has net operating loss carryforwards of approximately $15.4 million, of which $1.2 million will expire, if unused, between the years 2024 2037. The Company has analyzed its income tax positions using the criteria required by U.S. GAAP and concluded that, as of December 31, 2023 2022, Our income tax returns are subject to examination by income taxing authorities in all jurisdictions for which we file tax returns, generally for three not

Note 12 - 401(K) Plans

Note 12 - 401(K) Plans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	Note 12. 401 We have two 401 401 401 December 31, 2023 2022,

Note 13 - Stock-based Compensat

Note 13 - Stock-based Compensation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 13. Stock-Based Compensation We have three 2006 2006 “2006 April 12, 2016. 2016 “2016 2016 “2016 November 15, 2021. October 11, 2021, 2021 “2021 December 2, 2021, The Company recognizes compensation costs for those shares expected to vest on a straight-line basis over the requisite service period of the awards. The fair values of option awards granted in 2023 2022 2023 2022 Risk-free interest rate 4.6 % 1.9% - 4.3% Dividend yield 0 % 0 % Expected term (years) 3.25 - 3.50 3.25 - 6.00 Expected volatility 33.5% - 36.7% 45.8% - 48.1% 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 2021 The 2021 October 11, 2021 October 11, 2031. 2021 may 2021 2021 no ten December 31, 2023 2022, 2021 2016 The 2016 June 1, 2016, April 4, 2026. 2016 may 2016 2016 ten December 31, 2023 2022, 2016 No may 2016 2006 The 2006 May 18, 2006, April 12, 2016. 2006 2006 2006 no ten 2006 December 31, 2023 2022, The status of the options issued under the foregoing option plans as of December 31, 2023 2022, Shares Weighted average exercise price per share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2021 290,450 $ 31.70 4 years, 11 months $ 5,195,253 Options granted 195,200 28.15 Options exercised (26,400 ) 2.80 Options expired (500 ) 3.50 Options forfeited (3,500 ) 13.00 Outstanding at December 31, 2022 455,250 $ 32.05 6 years, 5 months $ 95,937 Options granted 85,000 2.11 Options exercised (2,000 ) 3.70 Options expired (59,750 ) 23.53 Options forfeited (87,500 ) 30.11 Outstanding at December 31, 2023 391,000 $ 27.43 5 years, 4 months $ 998 Exercisable at December 31, 2023 224,570 $ 36.61 4 years, 6 months $ 998 The total intrinsic value of options exercised in the years ended December 31, 2023 2022 Nonvested stock option awards as of December 31, 2023 2022, Nonvested Shares Weighted average exercise price per share Weighted average grant date fair value Nonvested at December 31, 2021 95,250 $ 40.70 $ 15.10 Granted 195,200 28.15 13.65 Vested (51,375 ) 39.00 14.70 Forfeited (3,500 ) 13.00 13.00 Nonvested at December 31, 2022 235,575 $ 31.10 $ 14.00 Granted 85,000 2.11 0.65 Vested (58,145 ) 33.47 13.82 Expired (8,500 ) 49.82 21.45 Forfeited (87,500 ) 30.11 12.68 Nonvested at December 31, 2023 166,430 $ 15.04 $ 6.60 As of December 31, 2023,

Note 14 - Common Stock Purchase

Note 14 - Common Stock Purchase Agreement	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Common Stock Purchase Agreement [Text Bock]	Note 14. Common Stock Purchase Agreement On July 8, 2022, not no 1933, may twelve December 31, 2023. During the twelve December 31, 2023, twelve December 31, 2022.

Note 15 - Private Offerings of

Note 15 - Private Offerings of Common Stock	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	Note 15. Private Offerings of Common Stock On September 29, 2023, In August 2022 The total offering costs associated with the sales of unregistered shares of common stock in 2023 2022 not The shares in the private offering transactions in September 2023 August 2022 one 144

Note 16 - Loss Per Share

Note 16 - Loss Per Share	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 16. Loss Per Share Basic loss per share excludes dilution and is computed by dividing the loss attributable to common shareholders by the weighted-average number of shares outstanding for the period. Diluted (loss) income 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 30,946 and 84,173 shares from stock options, and zero and 7,538 shares from warrants were excluded from diluted shares for the years ended December 31, 2023 2022,

Note 17 - Financial Statement C

Note 17 - Financial Statement Captions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	Note 17. Financial Statement Captions The following table summarizes the Company’s prepaid expenses and other current assets as of December 31, 2023 2022: 2023 2022 Deferred costs of revenue $ 87,988 $ 156,719 Stock issuance costs - 150,000 Prepaid insurance 116,496 96,168 Licenses and subscriptions 59,322 39,558 Other 3,545 - Total $ 267,351 $ 442,445 The following table summarizes the Company’s other current liabilities as of December 31, 2023 2022: 2023 2022 Legal and professional fees $ 242,240 $ 190,200 Cost of professional services - 45,762 Cost of software sales - 19,180 Directors' fees 21,250 - Interest expense 3,403 1,195 Other 711 27,160 Total $ 267,604 $ 283,497

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Organization and Business [Policy Text Block]	Organization and Business Founded in 1979 December 2021. On March 17, 2023, 2023 2022 2, 2 Prior to March 17, 2023, two 2 March 17, 2023, one Liquidity and Going Concern During the year ended December 31, 2023, December 31, 2023, December 31, 2023, no November 15, 2023, five one November 15, 2023, March 14, 2024, The Merger Agreement requires that WaveDancer has sufficient cash on hand on the closing date to pay all its outstanding liabilities on that date including transactions fees and expenses as well as severance costs for employees that will be terminated as a result of the merger. The Company will have to raise approximately $0.8 to $1.1 million to satisfy its obligations on the closing date. In addition, Firefly has conditions it must satisfy in order for the Merger to close, including approval by Nasdaq Capital Markets LLC of its initial listing application. In order to have its listing application approved by Nasdaq, Firefly will need to raise approximately $6 million of equity as of the closing of the Merger. There is no one not no The accompanying 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 consolidated financial statements do not Reverse Stock Split On October 18, 2023, one ten No
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation and Consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding annual financial reporting. The accompanying consolidated financial statements include the accounts of WaveDancer, Inc. and its consolidated subsidiaries (collectively, the “Company”, “we” or “our”). All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates Preparation of 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, reporting units, intangible assets, and goodwill; useful lives of intangible assets and property and equipment; the valuation of stock-based compensation, the valuation of deferred tax assets and liabilities; and contingent 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.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition See Note 3
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents We consider all highly liquid investments with maturities of ninety not
Accounts Receivable [Policy Text Block]	Accounts Receivable Our payment terms for accounts receivable vary by the types of our customers and the products or services offered. Typically, we invoice for services on a monthly basis, and we invoice for product sales upon delivery. We maintain an allowance for credit losses for accounts receivable, which is recorded as an offset to accounts receivable, and changes in such are classified as general and administrative expense in the consolidated statements of operations. We assess collectability on an individual customer basis. In determining the amount of the allowance for credit losses, we consider historical collectability based on past due status and make judgments about the creditworthiness of customers based on ongoing credit evaluations. Our allowance for doubtful accounts as of December 31, 2023 2022
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. Furniture and fixtures are depreciated over the lesser of the useful life or five three three 7.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation The Company’s stock-based compensation plans as of December 31, 2023 13 December 31, 2023 2022, December 31, 2023 2022,
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, ( August 9, 2023 March 18 August 9, 2023, 2
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred tax assets and liabilities are computed based on the difference between the financial statement and tax basis of assets and liabilities and are measured by applying enacted tax rates and laws for the taxable years in which those differences are expected to reverse. The Company expects that recent tax law changes contained in the Inflation Reduction Act and CHIPS Act will not not not not, 11.
Earnings Per Share, Policy [Policy Text Block]	Loss Per Share The Company’s loss per share calculation is based upon the weighted average number of shares of common stock outstanding. The dilutive effect of stock options, warrants, and other equity instruments are included for purposes of calculating diluted income per share, except for periods when the Company reports a net loss, in which case the inclusion of such equity instruments would be antidilutive. See Note 16.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk During the year ended December 31, 2023, five one During the year ended December 31, 2022, five one The Company sold third one 2023 2022, As of December 31, 2023, two one As of December 31, 2022, one one one
Goodwill and Intangible Assets, Policy [Policy Text Block]	Intangibles and Goodwill The Company accounts for goodwill and other intangible assets in accordance with ASC Topic 350, Goodwill – Intangibles and Other 350” one one not not may not October 31 Management evaluates the recoverability of the Company’s indefinite-lived intangible assets (tradenames) annually on October 31, Management evaluates the recoverability of the Company’s finite-lived intangible assets and other long-lived assets when events or circumstances indicate a potential impairment exists. In determining if impairment exists, the Company estimates the undiscounted cash flows to be generated from the use and ultimate disposition of these assets or asset groups that contain those assets. If impairment is indicated based on a comparison of an asset group’s carrying values and the undiscounted cash flows, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds the fair value of the asset group.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In November 2023, 2023 07, Segment Reporting (Topic 280 2023 07 10 December 31, 2024,

Note 2 - Sale and Deconsolida_2

Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 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 Contingent payments 682,000 Estimated by applying a discount rate of 40.8 7 Total consideration $ 2,332,122
Disposal Groups, Including Discontinued Operations [Table Text Block]	2023 2022 Revenue $ - $ 998,970 Cost of revenue 74,223 1,281,656 Excess of contract costs over revenue (74,223 ) (282,686 ) Operating expenses - Salaries and benefits 484,249 1,337,788 Intangibles amortization 85,338 1,223,328 Stock based compensation, before forfeitures 65,487 691,472 Forfeiture of stock options (407,322 ) - Other operating expenses 134,633 530,294 Change in fair value of contingent consideration - (930,000 ) Impairment of long-lived assets - 3,762,915 Goodwill impairment - 6,460,168 Gain on disposal of business (100,615 ) - Loss before income tax benefit (335,993 ) (13,358,651 ) Income tax benefit - 1,910,741 Net loss on discontinued operations $ (335,993 ) $ (11,447,910 ) December 31, 2022 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
Schedule Of Disposal Groups Including Discontinued Operations Provisions For Income Tax [Table Text Block]	2023 2022 Loss from discontinued operations before income tax benefit $ (335,993 ) $ (13,358,651 ) Income tax benefit at federal statutory rate 70,559 2,805,317 State income tax benefit, net of federal benefit - 392,699 Permanent Differences - (1,158,687 ) Net Operating Loss ("NOL") expirations (7,084 ) - Other (47,203 ) (11,675 ) Change in federal valuation allowance (16,272 ) (116,913 ) Income tax benefit - 1,910,741

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, 2023 2022 Contract Type Amount Percentage Amount Percentage Services time & materials $ 6,923,176 86.7 % $ 7,521,165 68.2 % Services fixed price over time 414,682 5.2 % 407,611 3.7 % Services combination 131,190 1.6 % 113,610 1.0 % Services fixed price per unit 324,115 4.1 % 304,666 2.8 % Third-party software 188,812 2.4 % 2,427,937 22.0 % Software support & maintenance - 0.0 % 142,891 1.3 % Incentive payments - 0.0 % 105,102 1.0 % Total revenue $ 7,981,975 100.0 % $ 11,022,982 100.0 %
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Balance at December 31, 2021 $ 186,835 Contract liabilities added 439,230 Revenue recognized (443,309 ) Balance at December 31, 2022 182,756 Contract liabilities added 118,018 Revenue recognized (186,234 ) Balance at December 31, 2023 $ 114,540
Deferred Costs of Revenue [Table Text Block]	Balance at December 31, 2021 $ 154,218 Deferred costs added 223,148 Deferred costs expensed (220,647 ) Balance at December 31, 2022 156,719 Deferred costs added 100,098 Deferred costs expensed (168,829 ) Balance at December 31, 2023 $ 87,988

Note 4 - Leases (Tables)

Note 4 - Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	2024 $ 174,721 2025 74,804 2026 70,220 Total lease payments 319,745 Less: discount (19,811 ) Present value of lease liabilities $ 299,934

Note 5 - Receivables (Tables)

Note 5 - Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2023 December 31, 2022 Billed federal government $ 1,110,001 $ 1,573,407 Billed commercial and local government 6,600 56,152 Unbilled receivables 1,261 - Accounts receivable $ 1,117,862 $ 1,629,559

Note 6 - Fair Value Measureme_2

Note 6 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	December 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 631,258 $ - $ - $ 631,258 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, 2021 $ 930,000 Additions - Changes in Fair Value (930,000 ) December 31, 2022 - Additions 682,000 Changes in Fair Value - Settlements (682,000 ) December 31, 2023 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	2022 Impairment of long-lived assets Intangible assets $ 3,649,193 Right of use assets 113,722 3,762,915 Impairment of goodwill 6,460,168 Total $ 10,223,083
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [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 Contingent payments 682,000 Estimated by applying a discount rate of 40.8% 7 Total consideration $ 2,332,122

Note 7 - Property and Equipme_2

Note 7 - Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	2023 2022 Computer equipment and purchased software $ 365,874 $ 365,874 Furniture and equipment 117,307 117,307 Leasehold improvements 7,438 7,438 Property and equipment, gross 490,619 490,619 Less: Accumulated depreciation (432,620 ) (391,628 ) Property and equipment, net $ 57,999 $ 98,991

Note 8 - Intangible Assets (Tab

Note 8 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Weighted Average Useful Life (Years) Balance December 31, 2022 Additions Balance December 31, 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 ) (176,244 ) (484,461 ) Sub-total 901,783 (176,244 ) 725,539 Intangible assets with indefinite lives Trade names Indefinite 280,000 - 280,000 Net identifiable intangible assets $ 1,181,783 $ (176,244 ) $ 1,005,539
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	2024 $ 146,307 2025 136,248 2026 136,248 2027 136,248 2028 136,248 Thereafter 34,240 Total $ 725,539

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2023 2022 Current income tax (benefit) expense Federal $ (3,101 ) $ 2,533 State & Local 3,450 7,566 349 10,099 Deferred income tax (benefit) expense Federal (25,650 ) 795,001 State & Local (17,284 ) 7,357 (42,934 ) 802,358 Income tax (benefit) expense $ (42,585 ) $ 812,457
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 Loss from continuing operations before taxes $ (1,741,027 ) $ (5,493,471 ) Income tax benefit at federal statutory rate $ (365,616 ) $ (1,153,629 ) State income tax benefit, net of federal benefit (247,516 ) 13,334 Permanent Differences (1,782,519 ) 155,260 Net Operating Loss ("NOL") expirations 28,617 12,431 Other 31,234 (174,566 ) Change in federal valuation allowance 2,293,215 1,959,627 Income tax (benefit) expense $ (42,585 ) $ 812,457
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2023 2022 Deferred tax assets: Net operating losses $ 2,278,585 $ 2,649,902 Capital loss carryforward 2,187,720 - Stock-based compensation 742,282 743,915 Transaction costs 61,623 - Accrued vacations 41,287 46,665 Accrued commissions 4,980 17,836 Other 14,008 29,534 Deferred tax assets before valuation allowance 5,330,485 3,487,852 Valuation allowance (5,102,758 ) (2,793,271 ) Net deferred tax assets 227,727 694,581 Deferred tax liabilities: Intangible Assets (243,914 ) (753,702 ) Net deferred tax liabilities $ (16,187 ) $ (59,121 )

Note 13 - Stock-based Compens_2

Note 13 - Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	2023 2022 Risk-free interest rate 4.6 % 1.9% - 4.3% Dividend yield 0 % 0 % Expected term (years) 3.25 - 3.50 3.25 - 6.00 Expected volatility 33.5% - 36.7% 45.8% - 48.1%
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Shares Weighted average exercise price per share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2021 290,450 $ 31.70 4 years, 11 months $ 5,195,253 Options granted 195,200 28.15 Options exercised (26,400 ) 2.80 Options expired (500 ) 3.50 Options forfeited (3,500 ) 13.00 Outstanding at December 31, 2022 455,250 $ 32.05 6 years, 5 months $ 95,937 Options granted 85,000 2.11 Options exercised (2,000 ) 3.70 Options expired (59,750 ) 23.53 Options forfeited (87,500 ) 30.11 Outstanding at December 31, 2023 391,000 $ 27.43 5 years, 4 months $ 998 Exercisable at December 31, 2023 224,570 $ 36.61 4 years, 6 months $ 998
Schedule of Nonvested Share Activity [Table Text Block]	Nonvested Shares Weighted average exercise price per share Weighted average grant date fair value Nonvested at December 31, 2021 95,250 $ 40.70 $ 15.10 Granted 195,200 28.15 13.65 Vested (51,375 ) 39.00 14.70 Forfeited (3,500 ) 13.00 13.00 Nonvested at December 31, 2022 235,575 $ 31.10 $ 14.00 Granted 85,000 2.11 0.65 Vested (58,145 ) 33.47 13.82 Expired (8,500 ) 49.82 21.45 Forfeited (87,500 ) 30.11 12.68 Nonvested at December 31, 2023 166,430 $ 15.04 $ 6.60

Note 17 - Financial Statement_2

Note 17 - Financial Statement Captions (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	2023 2022 Deferred costs of revenue $ 87,988 $ 156,719 Stock issuance costs - 150,000 Prepaid insurance 116,496 96,168 Licenses and subscriptions 59,322 39,558 Other 3,545 - Total $ 267,351 $ 442,445
Other Current Liabilities [Table Text Block]	2023 2022 Legal and professional fees $ 242,240 $ 190,200 Cost of professional services - 45,762 Cost of software sales - 19,180 Directors' fees 21,250 - Interest expense 3,403 1,195 Other 711 27,160 Total $ 267,604 $ 283,497

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Details Textual)				12 Months Ended
	Oct. 18, 2023 $ / shares shares	Mar. 17, 2023 USD ($)	Mar. 16, 2023	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Nov. 15, 2023 USD ($)
Number of Operating Segments		1	2	1
Net Cash Provided by (Used in) Operating Activities, Continuing Operations				$ (2,121,462)	$ (7,684,675)
Tellenger Working Capital				31,098
Cash and Cash Equivalents, at Carrying Value				$ 681,995	$ 731,081
Cash		$ 3,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.001			$ 0.001	$ 0.001
Common Stock, Shares, Outstanding (in shares) | shares				2,013,180	1,916,555
Number of Reporting Units				1
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Prime Contracts with U.S. Government Agencies [Member]
Concentration Risk, Percentage				8.80%	25.10%
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements [Member]
Concentration Risk, Percentage				89.70%	71.30%
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements, Contract One [Member]
Concentration Risk, Percentage				29.90%	28.40%
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements, Contract Two [Member]
Concentration Risk, Percentage				20.50%	17.20%
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Subcontracts under Federal Procurements, Contract Three [Member]
Concentration Risk, Percentage				17.70%	11.20%
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Multiple Subcontracts [Member]
Concentration Risk, Percentage				55.40%	43.60%
Number of Major Contracts				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				2.40%	24.30%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Prime Contracts with U.S. Government Agencies [Member]
Concentration Risk, Percentage					26.50%
Number of Major Customers					1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Subcontracts under Federal Procurements, Contract One [Member]
Concentration Risk, Percentage					25.80%
Number of Major Customers					1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Multiple Subcontracts [Member]
Concentration Risk, Percentage					39.20%
Number of Major Customers					1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Subcontracts under Federal Procurements [Member]
Number of Major Customers				2
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Subcontracts under Federal Procurements, Contract One [Member]
Concentration Risk, Percentage				30.20%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Subcontracts under Federal Procurements, Contract Two [Member]
Concentration Risk, Percentage				29.30%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Multiple Subcontracts [Member]
Concentration Risk, Percentage				70.10%
Number of Major Contracts				1
GMDC [Member]
Equity Method Investment, Ownership Percentage		24.90%
Equity Method Investment, Realized Gain (Loss) on Disposal		$ (245,525)
Selling, General and Administrative Expenses [Member]
Share-Based Payment Arrangement, Expense				$ 710,550	$ 1,276,455
Discontinued Operations [Member]
Share-Based Payment Arrangement, Expense				$ 65,487	$ 691,472
Computer Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)				3 years
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	10
Common Stock, Shares, Outstanding (in shares) | shares	19,809,834
Before Stock Split [Member]
Common Stock, Shares, Outstanding (in shares) | shares	2,013,180
Firefly [Member]
Cash				$ 6,000,000
Minimum [Member]
Cash				800,000
Maximum [Member]
Cash				$ 1,100,000
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life (Year)				5 years
Maximum [Member] | Off-the-Shelf Software [Member]
Property, Plant and Equipment, Useful Life (Year)				3 years
Wavetop Solutions, Inc. [Member]
Purchase Agreement, Maximum Amount to be Sold						$ 1,500,000
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	12 Months Ended
	Aug. 09, 2023	Mar. 17, 2023	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Income (Loss) from Equity Method Investments				$ (245,525)	$ 0
Business Combination, Contingent Consideration, Asset, Noncurrent		$ 682,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)				87,500	3,500
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%
Estimate Payments for Administrative Services		$ 65,000
Payments to Acquire Businesses, Gross		1,000,974
Business Combination, Contingent Consideration, Asset, Noncurrent		682,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset				$ 1,000,000
Contingent Consideration, Gain (loss)				318,000
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%
Income (Loss) from Equity Method Investments				$ 245,525
Proceeds from Sale of Equity Method Investments	$ 400,000
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee	$ 64,525

Note 2 - Sale and Deconsolida_4

Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations - Consideration Received (Details)	Mar. 17, 2023 USD ($)
Cash at closing	$ 935,974
Cash after closing	133,148
GMDC common stock	581,000
Contingent payments	682,000
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)	Mar. 17, 2023 USD ($)
Cash	$ 3,000,000
Discount rate	40.80%
Estimated duration (Year)	7 years

Note 2 - Sale and Deconsolida_6

Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations - Disposal Group (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Goodwill impairment	$ 2,254,624
Net loss on discontinued operations		$ (335,993)	$ (11,447,910)
Gray Matters Inc [Member]
Revenue			998,970
Cost of revenue		74,223	1,281,656
Excess of contract costs over revenue		(74,223)	(282,686)
Salaries and benefits		484,249	1,337,788
Intangibles amortization		85,338	1,223,328
Stock based compensation, before forfeitures		65,487	691,472
Forfeiture of stock options		(407,322)
Other operating expenses		134,633	530,294
Change in fair value of contingent consideration			(930,000)
Impairment of long-lived assets		0	3,762,915
Goodwill impairment		0	6,460,168
Gain on disposal of business		(100,615)
Loss before income tax benefit		(335,993)	(13,358,651)
Income tax benefit			1,910,741
Net loss on discontinued operations		$ (335,993)	(11,447,910)
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 2 - Sale and Deconsolida_7

Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations - Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income tax benefit at federal statutory rate	$ (365,616)	$ (1,153,629)
State income tax benefit, net of federal benefit	(247,516)	13,334
Net Operating Loss ("NOL") expirations	28,617	12,431
Other	31,234	(174,566)
Gray Matters Inc [Member]
Loss from discontinued operations before income tax benefit	(335,993)	(13,358,651)
Income tax benefit at federal statutory rate	70,559	2,805,317
State income tax benefit, net of federal benefit		392,699
Permanent Differences	0	1,158,687
Net Operating Loss ("NOL") expirations	(7,084)	0
Other	(47,203)	(11,675)
Change in federal valuation allowance	(16,272)	(116,913)
Income tax benefit		$ 1,910,741

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts With Customers (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 0	$ 0
Contract with Customer, Liability, Revenue Recognized	$ 159,307	$ 160,809

Note 3 - Revenue From Contrac_4

Note 3 - Revenue From Contracts With Customers - Disaggregation of Revenue From Contracts with Customers (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue, Amount	$ 7,981,975	$ 11,022,982
Services Time and Materials [Member]
Revenue, Amount	$ 6,923,176	$ 7,521,165
Services Time and Materials [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	86.70%	68.20%
Services Fixed Price Over Time [Member]
Revenue, Amount	$ 414,682	$ 407,611
Services Fixed Price Over Time [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	5.20%	3.70%
Services Combination [Member]
Revenue, Amount	$ 131,190	$ 113,610
Services Combination [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	1.60%	1%
Services Fixed Price per Unit [Member]
Revenue, Amount	$ 324,115	$ 304,666
Services Fixed Price per Unit [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	4.10%	2.80%
Third-Party Software [Member]
Revenue, Amount	$ 188,812	$ 2,427,937
Third-Party Software [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	2.40%	22%
Software Support and Maintenance [Member]
Revenue, Amount	$ 0	$ 142,891
Software Support and Maintenance [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	0%	1.30%
Incentive Payments [Member]
Revenue, Amount	$ 0	$ 105,102
Incentive Payments [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	0%	1%
All Products and Service [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	100%	100%

Note 3 - Revenue From Contrac_5

Note 3 - Revenue From Contracts With Customers - Changes in Contract Assets and Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Contract assets, balance	$ 182,756	$ 186,835
Contract liabilities added	118,018	439,230
Revenue recognized	(186,234)	(443,309)
Contract assets, balance	$ 114,540	$ 182,756

Note 3 - Revenue From Contrac_6

Note 3 - Revenue From Contracts With Customers - Deferred Costs of Revenue Balances Included in Prepaid Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance, deferred costs of revenue	$ 156,719	$ 154,218
Deferred costs added	100,098	223,148
Deferred costs expensed	(168,829)	(220,647)
Balance, deferred costs of revenue	$ 87,988	$ 156,719

Note 4 - Leases (Details Textua

Note 4 - Leases (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lessee, Operating Lease, Rent Escalations, Percentage	2.50%
Operating Lease, Weighted Average Remaining Lease Term (Month)	25 months
Operating Lease, Weighted Average Discount Rate, Percent	5.10%
Operating Lease, Expense	$ 152,211	$ 214,241
Minimum [Member]
Lessee, Operating Lease, Term of Contract (Month)	37 months
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Month)	67 months

Note 4 - Leases - Operating Lea

Note 4 - Leases - Operating Lease Maturities (Details)	Dec. 31, 2023 USD ($)
2024	$ 174,721
2025	74,804
2026	70,220
Total lease payments	319,745
Less: discount	(19,811)
Present value of lease liabilities	$ 299,934

Note 5 - Receivables (Details T

Note 5 - Receivables (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, after Allowance for Credit Loss	$ 1,117,862	$ 1,629,559	$ 1,664,862

Note 5 - Receivables - Accounts

Note 5 - Receivables - Accounts Receivable (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, after Allowance for Credit Loss	$ 1,117,862	$ 1,629,559	$ 1,664,862
Accounts receivable	1,117,862	1,629,559	$ 1,664,862
Billed Revenues [Member] | Government Sector [Member]
Accounts Receivable, after Allowance for Credit Loss	1,110,001	1,573,407
Accounts receivable	1,110,001	1,573,407
Billed Revenues [Member] | Commercial and Industrial Sector [Member]
Accounts Receivable, after Allowance for Credit Loss	6,600	56,152
Accounts receivable	6,600	56,152
Unbilled Revenues [Member]
Accounts Receivable, after Allowance for Credit Loss	1,261	0
Accounts receivable	$ 1,261	$ 0

Note 6 - Fair Value Measureme_3

Note 6 - Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2022
Goodwill, Impairment Loss	$ 2,254,624
Gray Matters [Member]
Goodwill, Impairment Loss		$ 6,460,168
Impairment of Intangible Assets, Finite-Lived		3,649,193
Income Tax Expense (Benefit), Impairment of Intangible Assets, Finite-Lived		910,147
Goodwill, Impairment Loss, Net of Tax		4,205,544
Impairment of Right of Use Assets		113,722
Income Tax Expense (Benefit), Impairment of Right of Use Assets		$ 16,116
Measurement Input, Discount Rate [Member]
Reporting Unit, Measurement Input	22.50%
Measurement Input, Long-Term Revenue Growth Rate [Member]
Reporting Unit, Measurement Input	3%

Note 6 - Fair Value Measureme_4

Note 6 - Fair Value Measurements - Financial Assets Measured at Fair Value on Recurring Basis (Details) - Money Market Funds [Member] - Fair Value, Recurring [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash at closing	$ 631,258	$ 58,242
Fair Value, Inputs, Level 1 [Member]
Cash at closing	631,258	58,242
Fair Value, Inputs, Level 2 [Member]
Cash at closing	0	0
Fair Value, Inputs, Level 3 [Member]
Cash at closing	$ 0	$ 0

Note 6 - Fair Value Measureme_5

Note 6 - Fair Value Measurements - Fair Value of Contingent Consideration (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance, fair value	$ 0	$ 930,000
Additions, fair value	682,000	0
Changes in Fair Value	0	(930,000)
Settlements	(682,000)
Balance, fair value	$ 0	$ 0

Note 6 - Fair Value Measureme_6

Note 6 - Fair Value Measurements - Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2022
Goodwill, Impairment Loss	$ 2,254,624
Fair Value, Nonrecurring [Member]
Intangible assets		$ 3,649,193
Impairment of Right of Use Assets		113,722
Impairment, Long-Lived Asset, Held-for-Use		3,762,915
Goodwill, Impairment Loss		6,460,168
Total		$ 10,223,083

Note 6 - Fair Value Measureme_7

Note 6 - Fair Value Measurements - Consideration and Methods for Valuing (Details) - USD ($)	Dec. 31, 2023	Mar. 17, 2023
Cash after closing		$ 133,148
GMI Subsidiary [Member]
Cash at closing	$ 935,974
Cash after closing	133,148
GMDC common stock	581,000
Contingent payments	682,000
Total consideration	$ 2,332,122

Note 6 - Fair Value Measureme_8

Note 6 - Fair Value Measurements - Consideration and Methods for Valuing (Details) (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 17, 2023
Cash for stock		$ 3,000,000
GMI Subsidiary [Member]
Cash for stock	$ 3,000,000
Contingent payments, term (Year)	7 years
Contingent payments, discount rate	40.80%

Note 7 - Property and Equipme_3

Note 7 - Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation, Depletion and Amortization, Nonproduction	$ 40,992	$ 43,742

Note 7 - Property and Equipme_4

Note 7 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property and equipment gross	$ 490,619	$ 490,619
Less: Accumulated depreciation	(432,620)	(391,628)
Property and equipment, net	57,999	98,991
Computer Equipment and Software [Member]
Property and equipment gross	365,874	365,874
Furniture and Fixtures [Member]
Property and equipment gross	117,307	117,307
Leasehold Improvements [Member]
Property and equipment gross	$ 7,438	$ 7,438

Note 8 - Intangible Assets - Sc

Note 8 - Intangible Assets - Schedule of Intangible Assets and Goodwill (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Accumulated amortization	$ (308,217)
Accumulated amortization, additions	(176,244)
Accumulated amortization	(484,461)
Intangible assets with estimated useful lives	901,783
Intangible assets with estimated useful lives	725,539
Net identifiable intangible assets	1,181,783
Net identifiable intangible assets	1,005,539
Trade Names [Member]
Intangible assets with indefinite lives	280,000
Intangible assets with indefinite lives	$ 280,000
Customer Relationships [Member]
Useful life (Year)	8 years
Finite lived intangible assets, gross	$ 1,090,000
Finite lived intangible assets, gross	$ 1,090,000
Noncompete Agreements [Member]
Useful life (Year)	3 years
Finite lived intangible assets, gross	$ 120,000
Finite lived intangible assets, gross	$ 120,000

Note 8 - Intangible Assets - Am

Note 8 - Intangible Assets - Amortization Expense (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
2024	$ 146,307
2025	136,248
2026	136,248
2027	136,248
2028	136,248
Thereafter	34,240
Total	$ 725,539	$ 901,783

Note 9 - Settlement of Litiga_2

Note 9 - Settlement of Litigation (Details Textual) - USD ($)			3 Months Ended	12 Months Ended
	Apr. 28, 2023	Jan. 25, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Gain (Loss) Related to Litigation Settlement				$ 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)		43,648
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)	43,648

Note 10 - Revolving Line of C_2

Note 10 - Revolving Line of Credit (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2022
Repayments of Lines of Credit		$ 500,000	$ 0
Revolving Credit Facility [Member] | Summit Community Bank Second Line[Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 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	$ 500,000	500,000	425,000
Line of Credit Facility, Remaining Borrowing Capacity		$ 0	$ 575,000
Line of Credit Facility, Interest Rate During Period		8.50%

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards	$ 15,400
Operating Loss Carryforwards, Subject to Expiration	1,200
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 0	$ 0

Note 11 - Income Taxes - Income

Note 11 - Income Taxes - Income Tax Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal	$ (3,101)	$ 2,533
State & Local	3,450	7,566
Current Federal, State and Local, Tax Expense (Benefit)	349	10,099
Federal	(25,650)	795,001
State & Local	(17,284)	7,357
Deferred Federal, State and Local, Tax Expense (Benefit)	(42,934)	802,358
Income tax (benefit) expense	$ (42,585)	$ 812,457

Note 11 - Income Taxes - Provis

Note 11 - Income Taxes - Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loss from continuing operations before taxes	$ (1,741,027)	$ (5,493,471)
Income tax benefit at federal statutory rate	(365,616)	(1,153,629)
State income tax benefit, net of federal benefit	(247,516)	13,334
Permanent Differences	1,782,519	(155,260)
Net Operating Loss ("NOL") expirations	28,617	12,431
Other	31,234	(174,566)
Change in federal valuation allowance	2,293,215	1,959,627
Income tax (benefit) expense	$ (42,585)	$ 812,457

Note 11 - Income Taxes - Deferr

Note 11 - Income Taxes - Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Net operating losses	$ 2,278,585	$ 2,649,902
Capital loss carryforward	2,187,720	0
Stock-based compensation	742,282	743,915
Transaction costs	61,623	0
Accrued vacations	41,287	46,665
Accrued commissions	4,980	17,836
Other	14,008	29,534
Deferred tax assets before valuation allowance	5,330,485	3,487,852
Valuation allowance	(5,102,758)	(2,793,271)
Net deferred tax assets	227,727	694,581
Intangible Assets	243,914	753,702
Net deferred tax liabilities	$ (16,187)	$ (59,121)

Note 12 - 401(K) Plans (Details

Note 12 - 401(K) Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cost of Professional Fees and Selling, General and Administrative Expenses [Member]
Defined Contribution Plan, Cost	$ 125,394	$ 163,642

Note 13 - Stock-based Compens_3

Note 13 - Stock-based Compensation (Details Textual) - USD ($)			12 Months Ended
	Jun. 01, 2016	May 18, 2006	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023	Jan. 01, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)			391,000	455,250			290,450
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			85,000	195,200
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 329,622
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Month)			16 months
The 2021 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)			500,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)			10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)			330,700	350,700
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)			169,520	129,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)			60,800	145,800
The 2016 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	1,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)			53,100	77,350
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)					47,850	62,975
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0
The 2006 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)		195,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)			7,200	27,200
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)			610	756,888

Note 13 - Stock-based Compens_4

Note 13 - Stock-based Compensation - Assumptions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Risk-free interest rate	4.60%
Dividend yield	0%	0%
Minimum [Member]
Risk-free interest rate		1.90%
Expected term (Year)	3 years 3 months	3 years 3 months
Expected volatility	33.50%	45.80%
Maximum [Member]
Risk-free interest rate		4.30%
Expected term (Year)	3 years 6 months	6 years
Expected volatility	36.70%	48.10%

Note 13 - Stock-based Compens_5

Note 13 - Stock-based Compensation - Stock Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Outstanding, shares (in shares)	455,250	290,450
Outstanding, weighted average exercise price (in dollars per share)	$ 32.05	$ 31.7
Outstanding, weighted average remaining contractual term (Year)	5 years 4 months	6 years 5 months	4 years 11 months
Outstanding, aggregate intrinsic value	$ 998	$ 95,937	$ 5,195,253
Options granted, shares (in shares)	85,000	195,200
Options granted, weighted average exercise price (in dollars per share)	$ 2.11	$ 28.15
Options exercised, shares (in shares)	(2,000)	(26,400)
Options exercised, weighted average exercise price (in dollars per share)	$ 3.7	$ 2.8
Options expired, shares (in shares)	(59,750)	(500)
Options expired, weighted average exercise price (in dollars per share)	$ 23.53	$ 3.5
Options forfeited, shares (in shares)	(87,500)	(3,500)
Options forfeited, weighted average exercise price (in dollars per share)	$ 30.11	$ 13
Outstanding, shares (in shares)	391,000	455,250	290,450
Outstanding, weighted average exercise price (in dollars per share)	$ 27.43	$ 32.05	$ 31.7
Exercisable, shares (in shares)	224,570
Exercisable, weighted average exercise price (in dollars per share)	$ 36.61
Exercisable, weighted average remaining contractual term (Month)	4 years 6 months
Exercisable, aggregate intrinsic value	$ 998

Note 13 - Stock-based Compens_6

Note 13 - Stock-based Compensation - Nonvested Option Awards Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Options granted, shares (in shares)	85,000	195,200
Options granted, weighted average exercise price (in dollars per share)	$ 2.11	$ 28.15
Options forfeited, weighted average exercise price (in dollars per share)	$ 30.11	$ 13
Options expired, shares (in shares)	(59,750)	(500)
Options expired, weighted average exercise price (in dollars per share)	$ 23.53	$ 3.5
Share-Based Payment Arrangement, Option [Member]
Nonvested, shares (in shares)	235,575	95,250
Nonvest, weighted average exercise price (in dollars per share)	$ 31.1	$ 40.7
Nonvested, weighted average grant date fair value (in dollars per share)	$ 14	$ 15.1
Options granted, shares (in shares)	85,000	195,200
Options granted, weighted average exercise price (in dollars per share)	$ 2.11	$ 28.15
Granted, weighted average grant date fair value (in dollars per share)	$ 0.65	$ 13.65
Vested, shares (in shares)	(58,145)	(51,375)
Vested, weighted average exercise price (in dollars per share)	$ 33.47	$ 39
Vested, weighted average grant date fair value (in dollars per share)	$ 13.82	$ 14.7
Forfeited, shares (in shares)	(87,500)	(3,500)
Options forfeited, weighted average exercise price (in dollars per share)	$ 30.11	$ 13
Forfeited, weighted average grant date fair value (in dollars per share)	$ 12.68	$ 13
Options expired, shares (in shares)	(8,500)
Options expired, weighted average exercise price (in dollars per share)	$ 49.82
Expired, weighted average grant date fair value (in dollars per share)	$ 21.45
Nonvested, shares (in shares)	166,430	235,575
Nonvest, weighted average exercise price (in dollars per share)	$ 15.04	$ 31.1
Nonvested, weighted average grant date fair value (in dollars per share)	$ 6.6	$ 14

Note 14 - Common Stock Purcha_2

Note 14 - Common Stock Purchase Agreement (Details Textual) - USD ($)		12 Months Ended
	Jul. 08, 2022	Dec. 31, 2023	Dec. 31, 2022	Oct. 18, 2023
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		$ 347,108	$ 2,037,000
Proceeds from Issuance of Common Stock		$ 347,108	$ 1,887,000
Registration Rights Agreement [Member]
Common Stock, Maximum Shares Sold (in shares)	4,500,000
B. Riley Principal Capital II, LLC (the “Selling Stockholder”) [Member]
Purchase Agreement, Maximum Amount to be Sold	$ 15,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001
B. Riley Principal Capital II, LLC (the “Selling Stockholder”) [Member] | Registration Rights Agreement [Member]
Stock Issued During Period, Shares, New Issues (in shares)	119,780	27,429	0
Stock Issued During Period, Value, New Issues	$ 150,000
Shares Issued, Price Per Share (in dollars per share)		$ 6.3
Common Stock Purchase Fee (in dollars per share)		$ 0.3
Proceeds from Issuance of Common Stock		$ 172,108

Note 15 - Private Offerings o_2

Note 15 - Private Offerings of Common Stock (Details Textual) - Private Placement [Member] - USD ($)		1 Months Ended
	Sep. 29, 2023	Aug. 31, 2022
Stock Issued During Period, Shares, New Issues (in shares)	35,000	157,256
Shares Issued, Price Per Share (in dollars per share)	$ 5	$ 12
Proceeds from Issuance of Private Placement	$ 175,000	$ 1,887,000
Chairman and CEO [Member]
Stock Issued During Period, Shares, New Issues (in shares)		50,000
Shares Issued, Price Per Share (in dollars per share)		$ 12
Proceeds from Issuance of Private Placement		$ 600,000

Note 16 - Loss Per Share (Detai

Note 16 - Loss Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	30,946	84,173
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0	7,538

Note 17 - Financial Statement_3

Note 17 - Financial Statement Captions - Prepaid Expenses and Other Current Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred costs of revenue	$ 87,988	$ 156,719
Stock issuance costs	0	150,000
Prepaid insurance	116,496	96,168
Licenses and subscriptions	59,322	39,558
Other	3,545	0
Total	$ 267,351	$ 442,445

Note 17 - Financial Statement_4

Note 17 - Financial Statement Captions - Other Current Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Legal and professional fees	$ 242,240	$ 190,200
Cost of professional services	0	45,762
Cost of software sales	0	19,180
Directors' fees	21,250	0
Interest expense	3,403	1,195
Other	711	27,160
Other accrued liabilities	$ 267,604	$ 283,497