Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Mar. 31, 2023 | Jun. 30, 2022 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001017655 | ||
Entity Registrant Name | PAID INC | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Transition Report | false | ||
Entity File Number | 0-28720 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 73-1479833 | ||
Entity Address, Address Line One | 225 Cedar Hill Street | ||
Entity Address, City or Town | Marlborough | ||
Entity Address, State or Province | MA | ||
Entity Address, Postal Zip Code | 01752 | ||
City Area Code | 617 | ||
Local Phone Number | 861-6050 | ||
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 | ||
Entity Shell Company | false | ||
Entity Public Float | $ 5,565,883 | ||
Entity Common Stock, Shares Outstanding | 7,993,448 | ||
Auditor Firm ID | 170 | ||
Auditor Name | KMJ Corbin & Company LLP | ||
Auditor Location | Irvine, California |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Current assets: | ||
Cash and cash equivalents | $ 1,787,248 | $ 2,839,687 |
Accounts receivable, net | 169,074 | 215,109 |
Note receivable, net of discount | 1,604,167 | 0 |
Prepaid expenses and other current assets | 151,374 | 164,823 |
Total current assets | 3,711,863 | 3,219,619 |
Property and equipment, net | 23,487 | 40,493 |
Intangible assets, net | 2,663,311 | 3,175,198 |
Operating lease right-of-use assets | 23,063 | 61,040 |
Total assets | 6,421,724 | 6,496,350 |
Current liabilities: | ||
Accounts payable | 1,610,416 | 1,625,588 |
Income tax payable | 0 | 674,921 |
Accrued expenses | 430,858 | 376,387 |
Contract liabilities | 13,020 | 11,154 |
Operating lease obligations – current portion | 22,199 | 36,123 |
Total current liabilities | 2,076,493 | 2,724,173 |
Long-term liabilities: | ||
Operating lease obligations – net of current portion | 0 | 25,187 |
Deferred tax liability, net | 707,952 | 838,312 |
Uncertain tax position liability | 265,167 | 0 |
Total liabilities | 3,049,612 | 3,587,672 |
Commitments and contingencies | ||
Shareholders’ equity: | ||
Common stock, $0.001 par value, 25,000,000 shares authorized; 7,840,124 shares issued and 7,696,487 shares outstanding at December 31, 2022, 7,807,103 shares issued and 7,773,263 shares outstanding at December 31, 2021 | 7,840 | 7,807 |
Accrued common stock bonus | 82,180 | 0 |
Additional paid-in capital | 72,800,976 | 72,691,201 |
Accumulated other comprehensive income | 316,360 | 590,067 |
Accumulated deficit | (69,670,404) | (70,322,550) |
Common stock in treasury, at cost, 143,637 and 33,840 shares at December 31, 2022 and 2021, respectively | (164,840) | (57,847) |
Total shareholders’ equity | 3,372,112 | 2,908,678 |
Total liabilities and shareholders’ equity | 6,421,724 | 6,496,350 |
Series A Preferred Stock [Member] | ||
Shareholders’ equity: | ||
Series A Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2022 and 2021, respectively | $ 0 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2022 | Dec. 31, 2021 |
Preferred stock, par value (in dollars per share) | $ 0.001 | |
Preferred stock, shares authorized (in shares) | 20,000,000 | |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
Common stock, shares issued (in shares) | 7,840,124 | 7,807,103 |
Common stock, shares outstanding (in shares) | 7,696,487 | 7,773,263 |
Treasury Stock (in shares) | 143,637 | 33,840 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues, net | $ 16,585,929 | $ 14,889,716 |
Cost of revenues | 12,896,948 | 11,436,235 |
Gross profit | 3,688,981 | 3,453,481 |
Operating expenses: | ||
Salaries and related | 1,912,142 | 1,803,173 |
General and administrative | 1,233,549 | 1,046,711 |
Amortization of intangible assets | 311,809 | 490,567 |
Share-based compensation | 172,488 | 603,533 |
Total operating expenses | 3,629,988 | 3,943,984 |
Income (loss) from operations | 58,993 | (490,503) |
Other income (expense): | ||
Other income | 136,662 | 0 |
Income (loss) before income tax (benefit) provision | 195,655 | (490,503) |
Income tax (benefit) provision | (456,491) | 206,257 |
Net income (loss) | $ 652,146 | $ (696,760) |
Net income (loss) per share – basic (in dollars per share) | $ 0.08 | $ (0.09) |
Net income (loss) per share – diluted (in dollars per share) | $ 0.08 | $ (0.09) |
Weighted average number of common shares outstanding – basic (in shares) | 7,770,298 | 7,444,732 |
Weighted average number of common shares outstanding – diluted (in shares) | 7,781,689 | 7,444,732 |
Consolidated statements of comprehensive income (loss): | ||
Net income (loss) | $ 652,146 | $ (696,760) |
Other comprehensive income (loss): | ||
Foreign currency translation adjustments | (273,707) | 19,306 |
Comprehensive income (loss) | $ 378,439 | $ (677,454) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) | Common Stock [Member] | Deferred Compensation, Share-Based Payments [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Total |
Balance (in shares) at Dec. 31, 2020 | 6,489,004 | (33,840) | |||||
Balance at Dec. 31, 2020 | $ 6,489 | $ 2,005,500 | $ 70,083,486 | $ 570,761 | $ (69,625,790) | $ (57,847) | $ 2,982,599 |
Foreign currency translation adjustments | 0 | 0 | 0 | 19,306 | 0 | 0 | 19,306 |
Share-based compensation expense | $ 0 | 0 | 324,783 | 0 | 0 | 0 | 324,783 |
Issuance of common stock for accrued bonus and signing bonus (in shares) | 1,300,000 | ||||||
Issuance of common stock for accrued bonus and signing bonus | $ 1,300 | (2,005,500) | 2,242,950 | 0 | 0 | $ 0 | 238,750 |
Issuance of common stock for compensation (in shares) | 18,099 | 0 | |||||
Issuance of common stock for compensation | $ 18 | 0 | 39,982 | 0 | 0 | $ 0 | 40,000 |
Net income (loss) | $ 0 | 0 | 0 | 0 | (696,760) | $ 0 | (696,760) |
Balance (in shares) at Dec. 31, 2021 | 7,807,103 | (33,840) | |||||
Balance at Dec. 31, 2021 | $ 7,807 | 0 | 72,691,201 | 590,067 | (70,322,550) | $ (57,847) | 2,908,678 |
Foreign currency translation adjustments | 0 | 0 | (273,707) | 0 | $ 0 | (273,707) | |
Issuance of common stock for accrued bonus and signing bonus (in shares) | 13,021 | 0 | |||||
Issuance of common stock for accrued bonus and signing bonus | $ 13 | 0 | 24,987 | 0 | 0 | $ 0 | 25,000 |
Net income (loss) | 0 | 0 | 0 | 0 | 652,146 | 0 | 652,146 |
Share-based compensation expense | $ 0 | 82,180 | 65,308 | 0 | 0 | $ 0 | 147,488 |
Repurchase of common stock for treasury (in shares) | 0 | (109,797) | |||||
Repurchase of common stock for treasury | $ 0 | 0 | 0 | 0 | 0 | $ (106,993) | $ (106,993) |
Exercised, number of shares (in shares) | 20,000 | 0 | 20,000 | ||||
Option exercise | $ 20 | 0 | 19,480 | 0 | 0 | $ 0 | $ 19,500 |
Balance (in shares) at Dec. 31, 2022 | 7,840,124 | (143,637) | |||||
Balance at Dec. 31, 2022 | $ 7,840 | $ 82,180 | $ 72,800,976 | $ 316,360 | $ (69,670,404) | $ (164,840) | $ 3,372,112 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 652,146 | $ (696,760) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and amortization | 325,940 | 511,698 |
Amortization of operating lease right-of-use assets | 35,337 | 33,447 |
Provision for bad debts, net | 36,845 | 0 |
Accretion of discount on note receivable | (104,167) | 0 |
Gain on write off of other payables | (32,495) | 0 |
Share-based compensation | 172,488 | 603,533 |
Deferred income taxes | (77,128) | (131,204) |
Changes in assets and liabilities: | ||
Accounts receivable | (331) | (41,710) |
Prepaid expenses and other current assets | 5,916 | 20,143 |
Accounts payable | 122,833 | 501,145 |
Income tax payable and uncertain tax position liability | (380,719) | 336,505 |
Accrued expenses | 78,517 | 99,153 |
Contract liabilities | 2,731 | 2,058 |
Operating lease obligations | (36,501) | (34,654) |
Net cash provided by operating activities | 801,412 | 1,203,354 |
Cash flows from investing activities: | ||
Issuance of note receivable | (1,500,000) | 0 |
Purchase of property and equipment | 0 | (1,120) |
Net cash used in investing activities | (1,500,000) | (1,120) |
Cash flows from financing activities: | ||
Payments on finance leases | 0 | (2,907) |
Proceeds from option exercise | 19,500 | 0 |
Repurchase of common stock | (106,993) | 0 |
Net cash used in financing activities | (87,493) | (2,907) |
Effect of exchange rate changes on cash and cash equivalents | (266,358) | (3,850) |
Net change in cash and cash equivalents | (1,052,439) | 1,195,477 |
Cash and cash equivalents, beginning of year | 2,839,687 | 1,644,210 |
Cash and cash equivalents, end of year | 1,787,248 | 2,839,687 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
Income taxes | 1,356 | 956 |
Interest | 0 | 85 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH ITEMS | ||
Issuance of common shares in settlement of accrued expenses | $ 0 | $ 2,005,500 |
Note 1 - Organization
Note 1 - Organization | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | NOTE 1. PAID, Inc. (“PAID”, the “Company”, “we”, “us”, or “our”) has developed AuctionInc, which is a suite of online shipping and tax management tools assisting businesses with e-commerce storefronts, shipping solutions, tax calculation, and auction processing. The product has tools to assist with other aspects of the fulfillment process, but the main purpose of the product is to provide accurate shipping and tax calculations and packaging algorithms that provide customers with the best possible shipping and tax solutions. Paid also offers BeerRun Software which is a brewery management and Alcohol and Tobacco Tax and Trade Bureau tax reporting software. Small craft brewers can utilize the product to manage brewery schedules, inventory, packaging, sales and purchasing. Tax reporting can be processed with a single click and is fully customizable by state or province. ShipTime Canada Inc. (“ShipTime”) has developed a SaaS-based application, which focuses on the small and medium business segments. This offering allows members to quote, process, generate labels, dispatch and track courier and LTL shipments all from a single interface. The application provides customers with a choice of today’s leading couriers and freight carriers all with discounted pricing allowing members to save on every shipment. ShipTime can also be integrated into on-line shopping carts to facilitate sales via e-commerce. We actively sell directly to small and medium businesses and through long standing partnerships with selected associations throughout Canada. PaidPayments provides commerce solutions to small – and medium-sized businesses by enabling them to sell their goods and services, accept payment, and create repeat sales though an online payment processing solution. The Company has operated as a Payment Facilitator since 2019, one |
Note 2 - Liquidity and Manageme
Note 2 - Liquidity and Management's Plans | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 2. S PLANS As of December 31, 2022, December 31, 2022 December 31, 2022. Management believes that the Company has adequate cash resources to fund operations during the next 12 10 no Although there can be no March 2024 |
Note 3 - Summary of Significant
Note 3 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 3. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Principles of Consolidation The consolidated financial statements include the accounts of PAID, Inc. and its wholly owned subsidiaries, PAID Run, LLC and ShipTime Canada. All intercompany accounts and transactions have been eliminated. Foreign Currency The currency of ShipTime, the Company’s international subsidiary, is in Canadian dollars. Foreign currency denominated assets and liabilities are translated into U.S. dollars using the exchange rates in effect at each balance sheet date. Results of operations and cash flows are translated using the average exchange rates throughout the period. The effect of exchange rate fluctuations on translation of assets and liabilities is included as a separate component of shareholders’ equity in accumulated other comprehensive income. Geographic Concentrations The Company conducts business in the U.S. and Canada. For customers headquartered in their respective countries, the Company derived approximately 99% of its revenues from Canada and 1% from the U.S. during the years ended December 31, 2022 2021. At December 31, 2022 2021, Comprehensive Income (Loss) Comprehensive income (loss) includes all changes in equity (net assets) during a period from non-owner sources. For the years ended December 31, 2022 2021, Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by the Company’s management include, but are not Fair Value Measurements The Company measures the fair value of certain of its financial assets on a recurring basis. A fair value hierarchy is used to rank the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one three Level 1 Level 2 1 not Level 3 no At December 31, 2022 2021, Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with initial maturities of three Concentration of Risk The Company maintains cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to USD $250,000 $100,000. December 31, 2022, none not not The Company extends credit based on an evaluation of the customer's financial condition, generally without requiring collateral. Exposure to losses on accounts receivable is principally dependent on each customer’s financial condition. The Company monitors its exposure for credit losses and maintains allowances for anticipated losses. Although the Company expects to collect amounts due, actual collections may December 31, 2022 2021, For the years ended December 31, 2022 2021, one 10% December 31, 2022 2021, 10% Property and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of three eight Right-of-Use Assets A right-of-use asset represents a lessee’s right to use a leased asset for the term of the lease. Our right-of-use assets generally consist of an operating lease for a building. Right-of-use assets are measured initially at the present value of the lease payments, plus any lease payments made before a lease began and any initial direct costs, such as commissions paid to obtain a lease. Right-of-use assets are subsequently measured at the present value of the remaining lease payments, adjusted for incentives, prepaid or accrued rent, and any initial direct costs not Intangible Assets Intangible assets consist of patents, client lists, trade names, customer relationships, brewery and distillery management software and shipping label generation technology which are being amortized on a straight-line basis over their estimated useful lives. Currently the intangible assets are being amortized between two Long-Lived Assets The Company reviews the carrying values of its long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount may not December 31, 2022 2021. no not Revenue Recognition The Company generates revenues principally from fees for coordinating shipping services, sales of shipping calculator subscriptions, brewery management software subscriptions, merchant processing services and client services (see Note 4 Cost of Revenues Cost of revenues includes carrier services, web hosting, data storage, commissions, carrier insurance costs and merchant processing interchange fees. Operating Expenses Operating expenses include indirect expenses, including credit card processing fees, marketing, payroll, travel, facility costs, amortization of intangible assets and other general and administrative expenses. Advertising Advertising costs are charged to expense as incurred. For the years ended December 31, 2022 2021, Share-Based Compensation The Company grants options to purchase the Company’s common stock to employees, directors and consultants under stock option plans. The benefits provided under these plans are share-based payments that the Company accounts for using the fair value method. In addition, in 2021 December 30, 2016 2021, 2019 2020 2021 10 2022 March 21, 2023. one one The fair value of each option award is estimated on the date of grant using a Black-Scholes-Merton option pricing model (“Black-Scholes-Merton model”) that uses assumptions regarding a number of complex and subjective variables. These variables include, but are not not Share-based compensation expense recognized during a period is based on the value of the portion of share-based payment awards that is ultimately expected to vest and is amortized under the straight-line attribution method. As share-based compensation expense recognized in the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2022 2021 Since the Company has a net operating loss carry-forward as of December 31, 2022 2021, December 31, 2022 2021 Income Taxes The Company accounts for income taxes and the related accounts under the liability method. Deferred tax assets and liabilities are determined based on the differences between the financial statement carrying amounts and the income tax bases of assets and liabilities. A valuation allowance is applied against any net deferred tax asset if, based on available evidence, it is more likely than not not The Company recognizes any uncertain income tax positions on income tax returns at the largest amount that is more-likely-than- not not 50% 11 The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company is subject to taxation in the U.S., and Canada and various state jurisdictions. Income (Loss) Per Common Share Basic income (loss) per share represent income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted income (loss) per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income (loss) that would result from the assumed issuance. The potential common shares that may 2021 December 31, 2022 11,400 The following is a reconciliation of the numerators and denominators of the basic and diluted income (loss) per share computations for the years ended December 31: 2022 2021 Numerator: Net income (loss) $ 652,146 $ (696,760 ) Denominator: Basic weighted-average shares outstanding 7,770,298 7,444,732 Effect of dilutive securities 11,391 - Diluted weighted-average shares outstanding 7,781,689 7,444,732 Net income (loss) per share – basic $ 0.08 $ (0.09 ) Net income (loss) per share – diluted $ 0.08 $ (0.09 ) Segment Reporting The Company reports information about segments of its business in its annual consolidated financial statements and reports selected segment information in its quarterly reports issued to shareholders. The Company also reports on its entity-wide disclosures about the products and services it provides and reports revenues and its major customers. The Company’s six December 31, 2022, six a) Client services; b) Shipping calculator services; c) Brewery management software; d) Merchant processing services; e) Shipping coordination and label generation services; and f) Corporate operations. The Company evaluates performance and allocates resources based on operating income. The accounting policies of the reportable segments are the same as those described in this summary of significant accounting policies. The Company’s chief operating decision maker is the Chief Executive Officer/Chief Financial Officer. The following table compares total revenues for the years indicated. Years Ended December 31, 2022 December 31, 2021 Client services $ 806 $ 3,141 Brewery management software 38,575 59,075 Shipping calculator services 7,964 22,872 Merchant processing services 40,153 54,003 Shipping coordination and label generation services 16,498,431 14,750,625 Total revenues, net $ 16,585,929 $ 14,889,716 The following table compares total income (loss) from operations for the years indicated. Years Ended December 31, 2022 December 31, 2021 Client services $ 689 $ 2,529 Brewery management software (38,933 ) 20,747 Shipping calculator services 251 12,383 Merchant processing services (4,434 ) 20,417 Shipping coordination and label generation services 273,363 115,473 Corporate operations (171,943 ) (662,052 ) Total income (loss) from operations $ 58,993 $ (490,503 ) During 2022 2021, 2022, 2021 2022 Reclassifications Certain amounts were reclassified in the accompanying consolidated balance sheet as of December 31, 2021 Recent Accounting Pronouncements There were no |
Note 4 - Revenue From Contracts
Note 4 - Revenue From Contracts With Customers | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 4. In accordance with current accounting guidance, the Company recognizes revenue by taking into consideration the following five 1 2 3 4 5 not Nature of Goods and Services For label generation service revenues, the Company recognizes revenue when a customer has successfully prepared a shipping label and had a pickup. The service is offered to consumers via an online registration and allows users to create a shipping label using a credit card on their account. Beginning in 2018, one For shipping calculator revenues and brewery management software revenues, the Company recognizes subscription revenue on a monthly basis. Shipping calculator customers’ renewal dates are based on their date of installation and registration of the shipping calculator line of products. The timing of the revenue recognition and cash collection may first Merchant processing revenue consists of fees a seller pays us to process their payment transactions and is recognized upon authorization of a transaction. Revenue is recognized net of estimated refunds, which are reversals of transactions initiated by sellers. We act as the merchant of record for our sellers, which puts us in their shoes with respect to card networks and puts the risk for refunds and chargebacks on us. The gross transaction fees collected from sellers is recognized as revenue as we are the primary obligor to the seller and are responsible for processing the payment, have latitude in establishing pricing with respect to the sellers and other terms of service, have sole discretion in selecting the third Revenue Disaggregation The Company operates in six reportable segments (see Note 3 Performance Obligations At contract inception, an assessment of the goods and services promised in the contracts with customers is performed and a performance obligation is identified for each distinct promise to transfer to the customer a good or service (or bundle of goods or services). To identify the performance obligations, the Company considers all of the goods or services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. Revenue is recognized when the performance obligation has been met, which is when the customer has successfully prepared a shipping label and had a pickup for shipping coordination and label generation services. The Company considers control to have transferred at that time because the Company has a present right to payment at that time, the Company has provided the shipping label, and the customer is able to direct the use of, and obtain substantially all of the remaining benefits from, the shipping label. For arrangements under which the Company provides a subscription for shipping calculator services and brewery management software, the Company satisfies its performance obligations over the life of the subscription, typically twelve Merchant processing customers receive a merchant identification number which allows them to process credit card transactions. Once the transaction is approved, the funds are distributed in an overnight feed and the Company has met its performance obligation. The Company has no Revenues are recognized net of any taxes collected from customers, which are subsequently remitted to government authorities. Significant Payment Terms Pursuant to the Company’s contracts with its customers, amounts are collected up front primarily through credit/debit card transactions. Accordingly, the Company determined that its contracts with customers do not Variable Consideration In some cases, the nature of the Company’s contracts may Variable consideration is estimated at the most likely amount that is expected to be earned. Estimated amounts are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not Revenues are recorded net of variable consideration, such as rebates, refunds and cancellations. Warranties The Company’s products and services are provided on an “as is” basis and no not Contract Assets Typically, the Company has already collected revenue from the customer at the time it has satisfied its performance obligation. Accordingly, the Company has only a small balance of accounts receivable, totaling $169,074 and $215,109 at December 31, 2022 2021, not Contract Liabilities (Deferred Revenue) Contract liabilities are recorded when cash payments are received in advance of the Company’s performance (including rebates). Contract liabilities were $13,020 and $11,154 at December 31, 2022 2021, December 31, 2022 2021, |
Note 5 - Notes Receivable
Note 5 - Notes Receivable | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | NOTE 5. On October 13, 2022, 9 December 31, 2022. 5 first October 19, 2022. five |
Note 6 - Property and Equipment
Note 6 - Property and Equipment | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 6. At December 31, 2022 2021 Computer equipment and software $ 139,769 $ 140,775 Office furniture and equipment 66,644 70,814 Website development costs 396,997 402,975 603,410 614,564 Accumulated depreciation (579,923 ) (574,071 ) $ 23,487 $ 40,493 Depreciation expense of property and equipment for the years ended December 31, 2022 2021 |
Note 7 - Intangible Assets
Note 7 - Intangible Assets | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | NOTE 7. The Company holds several patents for the real-time calculation of shipping costs for items purchased through online auctions using a zip code as a destination location indicator. It includes shipping charge calculations across multiple carriers and accounts for additional characteristics of the item being shipped, such as weight, special packaging or handling, and insurance costs. These patents help facilitate rapid and accurate estimation of shipping costs across multiple shipping carriers and also include real-time calculation of shipping. In addition, the Company has various intangible assets from past business combinations. At December 31, 2022, Patents Trade Name Technology & Software Customer Relationships Total Gross carrying amount $ 16,000 $ 789,212 $ 587,776 $ 4,644,033 $ 6,037,021 Accumulated amortization (16,000 ) (789,212 ) (587,776 ) (1,980,722 ) (3,373,710 ) $ - $ - $ - $ 2,663,311 $ 2,663,311 At December 31, 2021, Patents Trade Name Technology & Software Customer Relationships Total Gross carrying amount $ 16,000 $ 846,186 $ 624,162 $ 4,963,860 $ 6,450,208 Accumulated amortization (16,000 ) (843,240 ) (624,162 ) (1,791,608 ) (3,275,010 ) $ - $ 2,946 $ - $ 3,172,252 $ 3,175,198 Amortization expense of intangible assets for the years ended December 31, 2022 2021 Amortization of intangible assets for the next five December 31 Year Ended December 31, 2023 $ 295,352 2024 295,352 2025 295,352 2026 295,352 2027 295,352 Total 5-year amortization $ 1,476,760 |
Note 8 - Accrued Expenses
Note 8 - Accrued Expenses | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 8. At December 31, 2022 2021 Payroll and related costs $ 195,803 $ 58,182 Professional and consulting fees 3,685 26,070 Royalties 40,075 47,803 Accrued cost of revenues 168,657 212,020 Sales tax 22,228 31,902 Other 410 410 Total $ 430,858 $ 376,387 |
Note 9 - Commitments and Contin
Note 9 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 9. Legal Matters In the normal course of business, the Company periodically becomes involved in litigation and disputes. During 2021, January 2020, not five three 2021, July 2022, March 2021 ( 10 not Indemnities and Guarantees The Company has made certain indemnities and guarantees, under which it may not not no |
Note 10 - Shareholders' Equity
Note 10 - Shareholders' Equity | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-Based Payments [Text Block] | NOTE 10. EQUITY Preferred Stock The Company’s amended Certificate of Incorporation authorizes the issuance of 20,000,000 shares of blank-check preferred stock at $0.001 par value. The Board of Directors will be authorized to fix the designations, rights, preferences, powers and limitations of each series of the preferred stock. The Company filed a Certificate of Designations effective on December 30, 2016 30 no may December 31, 2022 2021, Common Stock In February 2020, one one one December 31, 2022 On March 29, 2021, 2019 2020. March 29, 2021 December 31, 2020. March 29, 2021, one 2021 January 1, 2022. March 31, 2021. second 2021, two December 31, 2021. second 2022, one December 31, 2022. 4 2 506 March 21, 2023, one one 2022. March 20, 2023 December 31, 2022. March 2023. Share-Based Incentive Plans During the years ended December 31, 2022 2021, four On March 23, 2018, 2018 three November 10, 2020, 2018 During 2021, one three one third one third 18 one third 36 not ten On October 14, 2022, During 2022, ten Active Plans: 2018 On March 23, 2018, 2018 “2018 2018 10 one hundred two December 31, 2022 Number of Weighted Options outstanding at January 1, 2022 314,000 $ 3.17 Granted - - Cancelled/Expired - - Exercised - - Options outstanding at December 31, 2022 314,000 $ 3.17 2012 On October 15, 2012, 2012 “2012 2012 10 one hundred December 31, 2022 Number of Weighted Options outstanding at January 1, 2022 36,000 $ 0.98 Granted - - Cancelled (2,000 ) 0.98 Exercised (20,000 ) 0.98 Options outstanding at December 31, 2022 14,000 $ 0.98 2011 On February 1, 2011, 2011 “2011 2011 may 10 one hundred one third one third 18 one third 36 no December 31, 2022 Number of Weighted Options outstanding at January 1, 2022 43,000 $ 3.00 Granted - - Cancelled - - Exercised - - Options outstanding at December 31, 2022 43,000 $ 3.00 2002 The 2002 “2002 ten two four December 31, 2022 Number of Weighted Options outstanding at January 1, 2022 10,000 $ 0.98 Granted - - Cancelled/Expired (10,000 ) 0.98 Exercised - - Options outstanding at December 31, 2022 - $ - Fair value of issuances The Company did not December 31, 2022. 2021 2018, 2012, 2011, 2002 2021 Expected term (based upon historical experience) (in years) 5.5 - 5.8 Expected volatility 117 - 159% Expected dividends None Risk free interest rate 0.73 - 1.24% For the years ended December 31, 2022 2021, The Company has unrecognized share-based compensation expense of $57,958 for options outstanding as of December 31, 2022 one Information pertaining to options outstanding and exercisable at December 31, 2022 Options Outstanding Options Exercisable Exercise Prices Number of Weighted Number of Weighted $ 0.98 19,500 2.11 19,500 2.11 $ 1.91 10,000 8.25 6,667 8.25 $ 2.21 7,000 8.45 4,666 8.45 $ 2.68 5,300 8.87 1,767 8.87 $ 2.89 105,000 7.87 78,333 7.87 $ 2.92 52,500 6.13 52,500 6.13 $ 3.00 52,500 6.62 52,500 6.62 $ 3.30 37,500 4.75 37,500 4.75 $ 3.50 3,000 5.76 3,000 5.76 $ 4.10 78,700 5.23 78,700 5.23 371,000 6.28 335,133 6.10 Summary of all stock option plans activity during the year ended December 31, 2022 Number of Weighted Weighted Aggregate Options outstanding at January 1, 2022 403,000 $ 2.90 Granted - - Cancelled/Expired (12,000 ) 0.98 Exercised (20,000 ) 0.98 Options outstanding and expected to vest at December 31, 2022 371,000 $ 3.07 6.28 $ 6,838 Options exercisable at December 31, 2022 335,133 $ 3.10 6.10 $ 6,338 The aggregate intrinsic value of options is calculated as the difference between the exercise price of options and the fair value of the Company’s common stock at December 31, 2022. |
Note 11 - Income Taxes
Note 11 - Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 11. The Company’s income (loss) before income tax (benefit) provision includes the following components for the years ended December 31: 2022 2021 U.S. $ (77,704 ) $ (1,143,578 ) Foreign 273,359 653,075 $ 195,655 $ (490,503 ) The Company is subject to taxation in the U.S., Canada, and Massachusetts. The (benefit) provision for income taxes for the years ended December 31 2022 2021 Current: Federal $ - $ - State 1,356 456 Foreign (364,879 ) 336,568 Total current (363,523 ) 337,024 Deferred: Federal - - State - - Foreign (92,968 ) (130,767 ) Total deferred (92,968 ) (130,767 ) Income tax (benefit) provision $ (456,491 ) $ 206,257 A reconciliation of income taxes computed by applying the statutory U.S. income tax rate to the Company’s income (loss) before income tax (benefit) provision to the income tax (benefit) provision is as follows for the years ended December 31: 2022 2021 U.S. federal statutory tax rate 21.00 % 21.00 % State tax benefit, net 5.62 % (7.61 )% Stock compensation 18.56 % (4.15 )% Officers compensation - % (69.84 )% Attributes expiration 17.06 % (148.01 )% Return to Provision (257.75 )% 8.73 % Other 30.65 % (7.86 )% NOL Adjustment 295.28 % - % Unrecognized tax benefit 361.72 % - % GILTI 156.50 % - % Interest and penalties - % (14.27 )% Valuation allowance (882.41 )% 180.11 % Effective income tax rate (233.77 )% (41.90 )% Deferred tax assets and liabilities reflect the net tax 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 the Company’s net deferred tax liabilities are as follows as of December 31: 2022 2021 Deferred taxes: NOLs $ 7,495,858 $ 9,122,325 Inventory and other reserves 31,340 24,128 Stock based compensation expense 196,700 296,657 Lease liability 5,883 16,125 Accruals 14,695 7,597 Other 96 96 Total deferred tax assets 7,744,572 9,466,928 Depreciation and amortization (668,359 ) (784,611 ) Right-of-use assets (6,112 ) (16,054 ) Valuation allowance (7,778,053 ) (9,504,575 ) Net deferred tax liabilities $ (707,952 ) $ (838,312 ) Realization of deferred tax assets is dependent upon future earnings, if any, the timing and amount of which are uncertain. Accordingly, the net deferred tax assets have been fully offset by a valuation allowance. The reduction in the valuation allowance is approximately $1,727,000 and $884,000 in 2022 2021, As of December 31, 2022, January 1, 2018, not 80 2023. December 31, 2022, 2031. December 31, 2022, 2039. Utilization of the net operating losses may not A valuation allowance of 100% has been established in respect of the deferred income tax assets due to the uncertainty of the Company’s utilization of such deferred tax assets for the U.S. federal and state on each of the Company’s consolidated balance sheets at December 31, 2022 2021. The income tax provision at December 31, 2022 740 10. no 2019. three 2003 2011 four 1 2 not December 31, 2022, 2021 The Tax Cuts and Jobs Act requires taxpayers to capitalize and amortize research and development (“R&D”) expenditures under Section 174 December 31, 2021. not five 15 The evaluation of uncertainty in a tax position is a two first not not not not second not 50% The following table summarizes the activity related to the Company’s gross unrecognized tax benefits at the beginning and end of the years ended December 31, 2022 2021: 2022 2021 Gross unrecognized tax benefits at the beginning of the year $ - $ - Increases related to current year positions - - Increases (decreases) related to prior year positions 691,675 - Expiration of unrecognized tax benefits - - Gross unrecognized tax benefits at the end of the year $ 691,675 $ - The amount of unrecognized tax benefits that would impact the Company’s effective tax rate, if recognized, is $707,738 (including estimated penalties and interest). The amount of the increase during 2022 2022. not twelve |
Note 12 - Leases
Note 12 - Leases | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Lessee, Operating Leases and Finance Lease [Text Block] | NOTE 12. We have an operating lease for our corporate offices in Canada and finance leases for furniture and equipment, which expired in June 2021. seven eight four not We report operating lease assets, as well as operating lease current and noncurrent obligations on our consolidated balance sheets for the right to use the building in our business. Generally, interest rates are stated in our leases for equipment. When no The components of lease expense for the years ended December 31, 2022 2021 Operating lease cost $ 39,324 $ 40,796 Finance lease cost: Amortization of leased assets $ - $ 5,557 Interest on lease liabilities - 86 Total finance lease cost $ - $ 5,643 Supplemental cash flow information related to leases for the years ended December 31, 2022 2021 Cash paid for amounts included in leases: Operating cash flows from operating leases $ 38,355 $ 42,006 Operating cash flows from finance leases $ - $ 86 Financing cash flows from finance leases $ - $ 2,907 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ - $ - Finance leases $ - $ - Supplemental balance sheet information related to leases was as follows: December 31, 2022 December 31, 2021 Operating leases: Operating lease right-of-use assets $ 23,063 $ 61,040 Current portion of operating lease obligations $ 22,199 $ 36,123 Operating lease obligations, net of current portion - 25,187 Total operating lease liabilities $ 22,199 $ 61,310 Year Ended Weighted Average Remaining Lease Term Operating lease (in years) 0.6 Weighted Average Discount Rate Operating lease 9.0 % Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. A summary of future minimum payments under non-cancellable operating lease commitment as of December 31, 2022 Years ending December 31, Total 2023 $ 23,751 Total lease liabilities 23,751 Less amount representing interest (1,552 ) Total 22,199 Less current portion (22,199 ) $ - |
Note 13 - Subsequent Events
Note 13 - Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 13. On March 21, 2023, 2023 January 1, 2024, 2022 December 31, 2022. one March 2023. $0.01 April 1, 2024. The Company has evaluated subsequent events through the filing of this Annual Report on Form 10 no |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The consolidated financial statements include the accounts of PAID, Inc. and its wholly owned subsidiaries, PAID Run, LLC and ShipTime Canada. All intercompany accounts and transactions have been eliminated. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency The currency of ShipTime, the Company’s international subsidiary, is in Canadian dollars. Foreign currency denominated assets and liabilities are translated into U.S. dollars using the exchange rates in effect at each balance sheet date. Results of operations and cash flows are translated using the average exchange rates throughout the period. The effect of exchange rate fluctuations on translation of assets and liabilities is included as a separate component of shareholders’ equity in accumulated other comprehensive income. |
Geographic Concentrations, Policy [Policy Text Block] | Geographic Concentrations The Company conducts business in the U.S. and Canada. For customers headquartered in their respective countries, the Company derived approximately 99% of its revenues from Canada and 1% from the U.S. during the years ended December 31, 2022 2021. At December 31, 2022 2021, |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income (Loss) Comprehensive income (loss) includes all changes in equity (net assets) during a period from non-owner sources. For the years ended December 31, 2022 2021, |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by the Company’s management include, but are not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value Measurements The Company measures the fair value of certain of its financial assets on a recurring basis. A fair value hierarchy is used to rank the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one three Level 1 Level 2 1 not Level 3 no At December 31, 2022 2021, |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with initial maturities of three |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Risk The Company maintains cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to USD $250,000 $100,000. December 31, 2022, none not not The Company extends credit based on an evaluation of the customer's financial condition, generally without requiring collateral. Exposure to losses on accounts receivable is principally dependent on each customer’s financial condition. The Company monitors its exposure for credit losses and maintains allowances for anticipated losses. Although the Company expects to collect amounts due, actual collections may December 31, 2022 2021, For the years ended December 31, 2022 2021, one 10% December 31, 2022 2021, 10% |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of three eight |
Lessee, Leases [Policy Text Block] | Right-of-Use Assets A right-of-use asset represents a lessee’s right to use a leased asset for the term of the lease. Our right-of-use assets generally consist of an operating lease for a building. Right-of-use assets are measured initially at the present value of the lease payments, plus any lease payments made before a lease began and any initial direct costs, such as commissions paid to obtain a lease. Right-of-use assets are subsequently measured at the present value of the remaining lease payments, adjusted for incentives, prepaid or accrued rent, and any initial direct costs not |
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Intangible Assets Intangible assets consist of patents, client lists, trade names, customer relationships, brewery and distillery management software and shipping label generation technology which are being amortized on a straight-line basis over their estimated useful lives. Currently the intangible assets are being amortized between two |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-Lived Assets The Company reviews the carrying values of its long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount may not December 31, 2022 2021. no not |
Revenue [Policy Text Block] | Revenue Recognition The Company generates revenues principally from fees for coordinating shipping services, sales of shipping calculator subscriptions, brewery management software subscriptions, merchant processing services and client services (see Note 4 |
Cost of Goods and Service [Policy Text Block] | Cost of Revenues Cost of revenues includes carrier services, web hosting, data storage, commissions, carrier insurance costs and merchant processing interchange fees. |
Operating Expenses, Policy [Policy Text Block] | Operating Expenses Operating expenses include indirect expenses, including credit card processing fees, marketing, payroll, travel, facility costs, amortization of intangible assets and other general and administrative expenses. |
Advertising Cost [Policy Text Block] | Advertising Advertising costs are charged to expense as incurred. For the years ended December 31, 2022 2021, |
Share-Based Payment Arrangement [Policy Text Block] | Share-Based Compensation The Company grants options to purchase the Company’s common stock to employees, directors and consultants under stock option plans. The benefits provided under these plans are share-based payments that the Company accounts for using the fair value method. In addition, in 2021 December 30, 2016 2021, 2019 2020 2021 10 2022 March 21, 2023. one one The fair value of each option award is estimated on the date of grant using a Black-Scholes-Merton option pricing model (“Black-Scholes-Merton model”) that uses assumptions regarding a number of complex and subjective variables. These variables include, but are not not Share-based compensation expense recognized during a period is based on the value of the portion of share-based payment awards that is ultimately expected to vest and is amortized under the straight-line attribution method. As share-based compensation expense recognized in the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2022 2021 Since the Company has a net operating loss carry-forward as of December 31, 2022 2021, December 31, 2022 2021 |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes and the related accounts under the liability method. Deferred tax assets and liabilities are determined based on the differences between the financial statement carrying amounts and the income tax bases of assets and liabilities. A valuation allowance is applied against any net deferred tax asset if, based on available evidence, it is more likely than not not The Company recognizes any uncertain income tax positions on income tax returns at the largest amount that is more-likely-than- not not 50% 11 The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company is subject to taxation in the U.S., and Canada and various state jurisdictions. |
Earnings Per Share, Policy [Policy Text Block] | Income (Loss) Per Common Share Basic income (loss) per share represent income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted income (loss) per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income (loss) that would result from the assumed issuance. The potential common shares that may 2021 December 31, 2022 11,400 The following is a reconciliation of the numerators and denominators of the basic and diluted income (loss) per share computations for the years ended December 31: 2022 2021 Numerator: Net income (loss) $ 652,146 $ (696,760 ) Denominator: Basic weighted-average shares outstanding 7,770,298 7,444,732 Effect of dilutive securities 11,391 - Diluted weighted-average shares outstanding 7,781,689 7,444,732 Net income (loss) per share – basic $ 0.08 $ (0.09 ) Net income (loss) per share – diluted $ 0.08 $ (0.09 ) |
Segment Reporting, Policy [Policy Text Block] | Segment Reporting The Company reports information about segments of its business in its annual consolidated financial statements and reports selected segment information in its quarterly reports issued to shareholders. The Company also reports on its entity-wide disclosures about the products and services it provides and reports revenues and its major customers. The Company’s six December 31, 2022, six a) Client services; b) Shipping calculator services; c) Brewery management software; d) Merchant processing services; e) Shipping coordination and label generation services; and f) Corporate operations. The Company evaluates performance and allocates resources based on operating income. The accounting policies of the reportable segments are the same as those described in this summary of significant accounting policies. The Company’s chief operating decision maker is the Chief Executive Officer/Chief Financial Officer. The following table compares total revenues for the years indicated. Years Ended December 31, 2022 December 31, 2021 Client services $ 806 $ 3,141 Brewery management software 38,575 59,075 Shipping calculator services 7,964 22,872 Merchant processing services 40,153 54,003 Shipping coordination and label generation services 16,498,431 14,750,625 Total revenues, net $ 16,585,929 $ 14,889,716 The following table compares total income (loss) from operations for the years indicated. Years Ended December 31, 2022 December 31, 2021 Client services $ 689 $ 2,529 Brewery management software (38,933 ) 20,747 Shipping calculator services 251 12,383 Merchant processing services (4,434 ) 20,417 Shipping coordination and label generation services 273,363 115,473 Corporate operations (171,943 ) (662,052 ) Total income (loss) from operations $ 58,993 $ (490,503 ) During 2022 2021, 2022, 2021 2022 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain amounts were reclassified in the accompanying consolidated balance sheet as of December 31, 2021 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements There were no |
Note 3 - Summary of Significa_2
Note 3 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 2022 2021 Numerator: Net income (loss) $ 652,146 $ (696,760 ) Denominator: Basic weighted-average shares outstanding 7,770,298 7,444,732 Effect of dilutive securities 11,391 - Diluted weighted-average shares outstanding 7,781,689 7,444,732 Net income (loss) per share – basic $ 0.08 $ (0.09 ) Net income (loss) per share – diluted $ 0.08 $ (0.09 ) |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Years Ended December 31, 2022 December 31, 2021 Client services $ 806 $ 3,141 Brewery management software 38,575 59,075 Shipping calculator services 7,964 22,872 Merchant processing services 40,153 54,003 Shipping coordination and label generation services 16,498,431 14,750,625 Total revenues, net $ 16,585,929 $ 14,889,716 Years Ended December 31, 2022 December 31, 2021 Client services $ 689 $ 2,529 Brewery management software (38,933 ) 20,747 Shipping calculator services 251 12,383 Merchant processing services (4,434 ) 20,417 Shipping coordination and label generation services 273,363 115,473 Corporate operations (171,943 ) (662,052 ) Total income (loss) from operations $ 58,993 $ (490,503 ) |
Note 6 - Property and Equipme_2
Note 6 - Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 2022 2021 Computer equipment and software $ 139,769 $ 140,775 Office furniture and equipment 66,644 70,814 Website development costs 396,997 402,975 603,410 614,564 Accumulated depreciation (579,923 ) (574,071 ) $ 23,487 $ 40,493 |
Note 7 - Intangible Assets (Tab
Note 7 - Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Patents Trade Name Technology & Software Customer Relationships Total Gross carrying amount $ 16,000 $ 789,212 $ 587,776 $ 4,644,033 $ 6,037,021 Accumulated amortization (16,000 ) (789,212 ) (587,776 ) (1,980,722 ) (3,373,710 ) $ - $ - $ - $ 2,663,311 $ 2,663,311 Patents Trade Name Technology & Software Customer Relationships Total Gross carrying amount $ 16,000 $ 846,186 $ 624,162 $ 4,963,860 $ 6,450,208 Accumulated amortization (16,000 ) (843,240 ) (624,162 ) (1,791,608 ) (3,275,010 ) $ - $ 2,946 $ - $ 3,172,252 $ 3,175,198 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Year Ended December 31, 2023 $ 295,352 2024 295,352 2025 295,352 2026 295,352 2027 295,352 Total 5-year amortization $ 1,476,760 |
Note 8 - Accrued Expenses (Tabl
Note 8 - Accrued Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | 2022 2021 Payroll and related costs $ 195,803 $ 58,182 Professional and consulting fees 3,685 26,070 Royalties 40,075 47,803 Accrued cost of revenues 168,657 212,020 Sales tax 22,228 31,902 Other 410 410 Total $ 430,858 $ 376,387 |
Note 10 - Shareholders' Equity
Note 10 - Shareholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2021 Expected term (based upon historical experience) (in years) 5.5 - 5.8 Expected volatility 117 - 159% Expected dividends None Risk free interest rate 0.73 - 1.24% |
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Exercise Prices Number of Weighted Number of Weighted $ 0.98 19,500 2.11 19,500 2.11 $ 1.91 10,000 8.25 6,667 8.25 $ 2.21 7,000 8.45 4,666 8.45 $ 2.68 5,300 8.87 1,767 8.87 $ 2.89 105,000 7.87 78,333 7.87 $ 2.92 52,500 6.13 52,500 6.13 $ 3.00 52,500 6.62 52,500 6.62 $ 3.30 37,500 4.75 37,500 4.75 $ 3.50 3,000 5.76 3,000 5.76 $ 4.10 78,700 5.23 78,700 5.23 371,000 6.28 335,133 6.10 |
The 2018 Non-qualified Stock Option Plan [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Number of Weighted Options outstanding at January 1, 2022 314,000 $ 3.17 Granted - - Cancelled/Expired - - Exercised - - Options outstanding at December 31, 2022 314,000 $ 3.17 Number of Weighted Options outstanding at January 1, 2022 36,000 $ 0.98 Granted - - Cancelled (2,000 ) 0.98 Exercised (20,000 ) 0.98 Options outstanding at December 31, 2022 14,000 $ 0.98 Number of Weighted Options outstanding at January 1, 2022 43,000 $ 3.00 Granted - - Cancelled - - Exercised - - Options outstanding at December 31, 2022 43,000 $ 3.00 Number of Weighted Options outstanding at January 1, 2022 10,000 $ 0.98 Granted - - Cancelled/Expired (10,000 ) 0.98 Exercised - - Options outstanding at December 31, 2022 - $ - Number of Weighted Weighted Aggregate Options outstanding at January 1, 2022 403,000 $ 2.90 Granted - - Cancelled/Expired (12,000 ) 0.98 Exercised (20,000 ) 0.98 Options outstanding and expected to vest at December 31, 2022 371,000 $ 3.07 6.28 $ 6,838 Options exercisable at December 31, 2022 335,133 $ 3.10 6.10 $ 6,338 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | 2022 2021 U.S. $ (77,704 ) $ (1,143,578 ) Foreign 273,359 653,075 $ 195,655 $ (490,503 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2022 2021 Current: Federal $ - $ - State 1,356 456 Foreign (364,879 ) 336,568 Total current (363,523 ) 337,024 Deferred: Federal - - State - - Foreign (92,968 ) (130,767 ) Total deferred (92,968 ) (130,767 ) Income tax (benefit) provision $ (456,491 ) $ 206,257 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2022 2021 U.S. federal statutory tax rate 21.00 % 21.00 % State tax benefit, net 5.62 % (7.61 )% Stock compensation 18.56 % (4.15 )% Officers compensation - % (69.84 )% Attributes expiration 17.06 % (148.01 )% Return to Provision (257.75 )% 8.73 % Other 30.65 % (7.86 )% NOL Adjustment 295.28 % - % Unrecognized tax benefit 361.72 % - % GILTI 156.50 % - % Interest and penalties - % (14.27 )% Valuation allowance (882.41 )% 180.11 % Effective income tax rate (233.77 )% (41.90 )% |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2022 2021 Deferred taxes: NOLs $ 7,495,858 $ 9,122,325 Inventory and other reserves 31,340 24,128 Stock based compensation expense 196,700 296,657 Lease liability 5,883 16,125 Accruals 14,695 7,597 Other 96 96 Total deferred tax assets 7,744,572 9,466,928 Depreciation and amortization (668,359 ) (784,611 ) Right-of-use assets (6,112 ) (16,054 ) Valuation allowance (7,778,053 ) (9,504,575 ) Net deferred tax liabilities $ (707,952 ) $ (838,312 ) |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | 2022 2021 Gross unrecognized tax benefits at the beginning of the year $ - $ - Increases related to current year positions - - Increases (decreases) related to prior year positions 691,675 - Expiration of unrecognized tax benefits - - Gross unrecognized tax benefits at the end of the year $ 691,675 $ - |
Note 12 - Leases (Tables)
Note 12 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Lease, Cost [Table Text Block] | 2022 2021 Operating lease cost $ 39,324 $ 40,796 Finance lease cost: Amortization of leased assets $ - $ 5,557 Interest on lease liabilities - 86 Total finance lease cost $ - $ 5,643 |
Cash Flow, Leases, Lessee [Table Text Block] | 2022 2021 Cash paid for amounts included in leases: Operating cash flows from operating leases $ 38,355 $ 42,006 Operating cash flows from finance leases $ - $ 86 Financing cash flows from finance leases $ - $ 2,907 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ - $ - Finance leases $ - $ - |
Balance Sheet, Leases, Lessee [Table Text Block] | December 31, 2022 December 31, 2021 Operating leases: Operating lease right-of-use assets $ 23,063 $ 61,040 Current portion of operating lease obligations $ 22,199 $ 36,123 Operating lease obligations, net of current portion - 25,187 Total operating lease liabilities $ 22,199 $ 61,310 |
Weighted Average Remaining Lease Term and Discount Rate [Table Text Block] | Year Ended Weighted Average Remaining Lease Term Operating lease (in years) 0.6 Weighted Average Discount Rate Operating lease 9.0 % |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Years ending December 31, Total 2023 $ 23,751 Total lease liabilities 23,751 Less amount representing interest (1,552 ) Total 22,199 Less current portion (22,199 ) $ - |
Note 2 - Liquidity and Manage_2
Note 2 - Liquidity and Management's Plans (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash and Cash Equivalents, at Carrying Value, Total | $ 1,787,248 | $ 2,839,687 |
Net Working Capital | 1,635,370 | |
Operating Income (Loss), Total | 58,993 | (490,503) |
Net Cash Provided by (Used in) Operating Activities, Total | 801,412 | 1,203,354 |
Retained Earnings (Accumulated Deficit), Total | $ (69,670,404) | $ (70,322,550) |
Note 3 - Summary of Significa_3
Note 3 - Summary of Significant Accounting Policies (Details Textual) | 3 Months Ended | 12 Months Ended | |||||
Mar. 21, 2023 USD ($) | Mar. 20, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 36,845 | $ 0 | $ 36,845 | $ 0 | |||
Asset Impairment Charges, Total | 0 | 0 | |||||
Advertising Expense | $ 247,549 | $ 184,075 | |||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ 25,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | 0% | |||||
Excess Tax Benefit From Share-based Compensation, Reclassification From Operating Activities to Financing Activities | $ 0 | $ 0 | |||||
Number of Reportable Segments | 6 | 6 | |||||
Depreciation, Depletion and Amortization, Total | $ 325,940 | $ 511,698 | |||||
Shipping Coordination and Label Generation Service Segment [Member] | |||||||
Depreciation, Depletion and Amortization, Total | 325,940 | $ 511,698 | |||||
Shipping Coordination and Label Generation Service Segment [Member] | Transfer Price Adjustments From Corporate Operations [Member] | |||||||
Prior Period Reclassification Adjustment | $ 537,602 | ||||||
Subsequent Event [Member] | |||||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ 82,180 | $ 82,180 | |||||
Minimum [Member] | |||||||
Property, Plant and Equipment, Useful Life (Year) | 3 years | ||||||
Finite-Lived Intangible Asset, Useful Life (Year) | 2 years | ||||||
Maximum [Member] | |||||||
Property, Plant and Equipment, Useful Life (Year) | 8 years | ||||||
Finite-Lived Intangible Asset, Useful Life (Year) | 17 years | ||||||
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||||
Number of Major Customers | 0 | 0 | |||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||||
Number of Major Customers | 0 | 0 | |||||
CANADA | Revenue from Contract with Customer Benchmark [Member] | Geographic Concentration Risk [Member] | |||||||
Concentration Risk, Percentage | 99% | 99% | |||||
CANADA | Net Property and Equipment [Member] | Geographic Concentration Risk [Member] | |||||||
Concentration Risk, Percentage | 100% | 100% | |||||
UNITED STATES | Revenue from Contract with Customer Benchmark [Member] | Geographic Concentration Risk [Member] | |||||||
Concentration Risk, Percentage | 1% | 1% |
Note 3 - Summary of Significa_4
Note 3 - Summary of Significant Accounting Policies - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Net income (loss) | $ 652,146 | $ (696,760) |
Weighted average number of common shares outstanding – basic (in shares) | 7,770,298 | 7,444,732 |
Effect of dilutive securities (in shares) | 11,391 | 0 |
Diluted weighted-average shares outstanding (in shares) | 7,781,689 | 7,444,732 |
Net income (loss) per share – basic (in dollars per share) | $ 0.08 | $ (0.09) |
Net income (loss) per share – diluted (in dollars per share) | $ 0.08 | $ (0.09) |
Note 3 - Summary of Significa_5
Note 3 - Summary of Significant Accounting Policies - Schedule of Segment Information (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues, net | $ 16,585,929 | $ 14,889,716 |
Operating income loss | 58,993 | (490,503) |
Service [Member] | ||
Revenues, net | 806 | 3,141 |
Operating income loss | 689 | 2,529 |
Brewery Management Software [Member] | ||
Revenues, net | 38,575 | 59,075 |
Operating income loss | (38,933) | 20,747 |
Shipping Calculator Services [Member] | ||
Revenues, net | 7,964 | 22,872 |
Operating income loss | 251 | 12,383 |
Merchant Processing Services [Member] | ||
Revenues, net | 40,153 | 54,003 |
Operating income loss | (4,434) | 20,417 |
Shipping Coordination and Label Generation Services [Member] | ||
Revenues, net | 16,498,431 | 14,750,625 |
Operating income loss | 273,363 | 115,473 |
Corporate Operations [Member] | ||
Operating income loss | $ (171,943) | $ (662,052) |
Note 4 - Revenue From Contrac_2
Note 4 - Revenue From Contracts With Customers (Details Textual) | 12 Months Ended | |
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Number of Reportable Segments | 6 | 6 |
Contract with Customer, Asset, after Allowance for Credit Loss, Total | $ 169,074 | $ 215,109 |
Contract with Customer, Liability, Total | 13,020 | 11,154 |
Contract with Customer, Liability, Revenue Recognized | $ 11,154 | $ 9,046 |
Note 5 - Notes Receivable (Deta
Note 5 - Notes Receivable (Details Textual) - USD ($) | Oct. 13, 2022 | Oct. 31, 2022 |
Warrant [Member] | ||
Investment, Expiration Term (Year) | 5 years | |
Investment, Purchase Price, Percentage of Original Principal | 50% | |
Securities Purchase Agreement [Member] | ||
Financing Receivable, after Allowance for Credit Loss, Total | $ 1,875,000 | |
Note Receivable, Purchase Discount | 20% | |
Financing Receivable, Unamortized Purchase Premium (Discount) | $ (375,000) | |
Financing Receivable, Term (Month) | 9 months | |
Financing Receivable, Interest Rate, Stated Percentage | 20% | |
Investment Income, Amortization of Discount | $ 104,167 | |
Note Receivable, Potential Investment Amount | 2,000,000 | |
Note Receivable, Over Allotment Option | $ 500,000 |
Note 6 - Property and Equipme_3
Note 6 - Property and Equipment (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Depreciation, Total | $ 14,900 | $ 21,131 |
Note 6 - Property and Equipme_4
Note 6 - Property and Equipment - Property and Equipment (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Property, plant and equipment, gross | $ 603,410 | $ 614,564 |
Accumulated depreciation | (579,923) | (574,071) |
Property, plant and equipment, net | 23,487 | 40,493 |
Computer Equipment [Member] | ||
Property, plant and equipment, gross | 139,769 | 140,775 |
Office Equipment [Member] | ||
Property, plant and equipment, gross | 66,644 | 70,814 |
Website Development Costs [Member] | ||
Property, plant and equipment, gross | $ 396,997 | $ 402,975 |
Note 7 - Intangible Assets (Det
Note 7 - Intangible Assets (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Amortization of Intangible Assets | $ 311,809 | $ 490,567 |
Intangibles [Member] | ||
Amortization of Intangible Assets | $ 311,809 | $ 490,567 |
Note 7 - Intangible Assets - Sc
Note 7 - Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Intangible asset, gross | $ 6,037,021 | $ 6,450,208 |
Accumulated amortizatio | (3,373,710) | (3,275,010) |
Finite-Lived Intangible Assets, Net, Ending Balance | 2,663,311 | 3,175,198 |
Patents [Member] | ||
Intangible asset, gross | 16,000 | 16,000 |
Accumulated amortizatio | (16,000) | (16,000) |
Finite-Lived Intangible Assets, Net, Ending Balance | 0 | 0 |
Trade Names [Member] | ||
Intangible asset, gross | 789,212 | 846,186 |
Accumulated amortizatio | (789,212) | (843,240) |
Finite-Lived Intangible Assets, Net, Ending Balance | 0 | 2,946 |
Technology and Software [Member] | ||
Intangible asset, gross | 587,776 | 624,162 |
Accumulated amortizatio | (587,776) | (624,162) |
Finite-Lived Intangible Assets, Net, Ending Balance | 0 | 0 |
Customer Relationships [Member] | ||
Intangible asset, gross | 4,644,033 | 4,963,860 |
Accumulated amortizatio | (1,980,722) | (1,791,608) |
Finite-Lived Intangible Assets, Net, Ending Balance | $ 2,663,311 | $ 3,172,252 |
Note 7 - Intangible Assets - _2
Note 7 - Intangible Assets - Schedule of Intangible Assets Future Amortization Expenses (Details) | Dec. 31, 2022 USD ($) |
2023 | $ 295,352 |
2024 | 295,352 |
2025 | 295,352 |
2026 | 295,352 |
2027 | 295,352 |
Total 5-year amortization | $ 1,476,760 |
Note 8 - Accrued Expenses - Sch
Note 8 - Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Payroll and related costs | $ 195,803 | $ 58,182 |
Professional and consulting fees | 3,685 | 26,070 |
Royalties | 40,075 | 47,803 |
Accrued cost of revenues | 168,657 | 212,020 |
Sales tax | 22,228 | 31,902 |
Other | 410 | 410 |
Total | $ 430,858 | $ 376,387 |
Note 10 - Shareholders' Equit_2
Note 10 - Shareholders' Equity (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||
Mar. 21, 2023 | Mar. 20, 2023 | Oct. 14, 2022 | Mar. 31, 2021 | Mar. 29, 2021 | Jan. 31, 2020 | Mar. 23, 2018 | Oct. 15, 2012 | Feb. 01, 2011 | Feb. 29, 2020 | Feb. 28, 2020 | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Nov. 10, 2020 | Dec. 30, 2016 | |
Preferred Stock, Shares Authorized (in shares) | 20,000,000 | |||||||||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | |||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 40,000 | |||||||||||||||||
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | 13,021 | |||||||||||||||||
Share-based Payment Arrangement, Expense | $ 172,488 | 603,533 | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Exercise Price (in dollars per share) | $ 1.92 | |||||||||||||||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ 25,000 | |||||||||||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 20,000 | 20,000 | ||||||||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in dollars per share) | $ 0.975 | $ 0.98 | ||||||||||||||||
Proceeds from Stock Options Exercised | $ 19,500 | $ 19,500 | $ 0 | |||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 3.10 | |||||||||||||||||
Two Thousand Eighteen Stock Option Plan [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares) | 10,000 | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares) | 12,000 | |||||||||||||||||
Two Thousand Eighteen Stock Option Plan [Member] | Minimum [Member] | ||||||||||||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.91 | |||||||||||||||||
The 2018 Non-qualified Stock Option Plan [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 2 years | |||||||||||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | |||||||||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Reserved for Future Issuance (in shares) | 586,000 | 586,000 | ||||||||||||||||
The 2012 Non-qualified Stock Option Plan [Member] | ||||||||||||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 20,000 | |||||||||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in dollars per share) | $ 0.98 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Reserved for Future Issuance (in shares) | 0 | 0 | ||||||||||||||||
The 2012 Non-qualified Stock Option Plan [Member] | Maximum [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 3.30 | |||||||||||||||||
The 2011 Non-qualified Stock Option [Member] | ||||||||||||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | |||||||||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
The 2011 Non-qualified Stock Option [Member] | Minimum [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 0.98 | |||||||||||||||||
The 2002 Stock Option Plan [Member] | ||||||||||||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | |||||||||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in dollars per share) | $ 0 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Reserved for Future Issuance (in shares) | 0 | |||||||||||||||||
Non-qualified Stock Option [Member] | Two Thousand Eighteen Stock Option Plan [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 450,000 | 900,000 | ||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | ||||||||||||||||||
Share-based Payment Arrangement, Expense | $ 172,488 | $ 603,533 | ||||||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 57,958 | |||||||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | Two Thousand Eighteen Stock Option Plan [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 3 years | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2018 Non-qualified Stock Option Plan [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2018 Non-qualified Stock Option Plan [Member] | Share-Based Payment Arrangement, Employee [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 100% | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2012 Non-qualified Stock Option Plan [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2012 Non-qualified Stock Option Plan [Member] | Share-Based Payment Arrangement, Employee [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 100% | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2011 Non-qualified Stock Option [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2011 Non-qualified Stock Option [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2011 Non-qualified Stock Option [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2011 Non-qualified Stock Option [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2002 Stock Option Plan [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 60,000 | 60,000 | ||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2002 Stock Option Plan [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 2 years | |||||||||||||||||
Share-Based Payment Arrangement, Option [Member] | The 2002 Stock Option Plan [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 4 years | |||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | 46,961 | |||||||||||||||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ 82,180 | $ 82,180 | ||||||||||||||||
CEO/CFO [Member] | ||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 1,050,000 | |||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 2,005,500 | |||||||||||||||||
Chief Executive Officer [Member] | ||||||||||||||||||
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | 250,000 | |||||||||||||||||
Share-based Payment Arrangement, Expense | $ 477,500 | |||||||||||||||||
Two Employees [Member] | ||||||||||||||||||
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | 18,099 | |||||||||||||||||
Deferred Compensation Arrangement with Individual, Exercise Price (in dollars per share) | $ 2.21 | |||||||||||||||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ 40,000 | |||||||||||||||||
ShipTime Acquisition [Member] | ||||||||||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 5,918 | |||||||||||||||||
Conversion of Series A Preferred Stock to Common Stock [Member] | ||||||||||||||||||
Conversion of Stock, Shares Converted (in shares) | 1,015,851 | |||||||||||||||||
Conversion of Stock, Shares Issued (in shares) | 1,015,851 | |||||||||||||||||
Additional Conversion of Series A Preferred Stock to Common Stock [Member] | ||||||||||||||||||
Conversion of Stock, Shares Issued (in shares) | 2,089,298 | |||||||||||||||||
Series A Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 | 5,000,000 | |||||||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||
Preferred Stock, Shares Issued, Total (in shares) | 0 | 0 | 0 | 5,000,000 | ||||||||||||||
Percentages of Payment Obligation | 1.50% | |||||||||||||||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ 3.03 | |||||||||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | 0 | |||||||||||||||
ShipTime Canada Stock [Member] | ||||||||||||||||||
Conversion of Stock, Shares, Convertible (in shares) | 1 | |||||||||||||||||
PAID Preferred Stock [Member] | ||||||||||||||||||
Conversion of Stock, Shares Issuable (in shares) | 45 | |||||||||||||||||
PAID Common Stock [Member] | ||||||||||||||||||
Conversion of Stock, Shares Issuable (in shares) | 311 | 356 | ||||||||||||||||
Common Stock Exercised Shares (in shares) | 1,461,078 | |||||||||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 2,106,808 | |||||||||||||||||
PAID Series A Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock Exercised Shares (in shares) | 1,461,078 |
Note 10 - Shareholders' Equit_3
Note 10 - Shareholders' Equity - Stock Option Activity (Details) - USD ($) | 12 Months Ended | |
Oct. 14, 2022 | Dec. 31, 2022 | |
Options balance, number of shares (in shares) | 403,000 | |
Options balance, weighted average exercise price per share (in dollars per share) | $ 2.90 | |
Granted, number of shares (in shares) | 0 | |
Granted, weighted average exercise price per share (in dollars per share) | $ 0 | |
Cancelled/Expired, number of shares (in shares) | (12,000) | |
Cancelled/Expired, weighted average exercise price per share (in dollars per share) | $ 0.98 | |
Exercised, number of shares (in shares) | 20,000 | 20,000 |
Exercised, weighted average exercise price per share (in dollars per share) | $ 0.975 | $ 0.98 |
Options balance, , number of shares (in shares) | 371,000 | |
Option balance, weighted average exercise price per share (in dollars per share) | $ 3.07 | |
Exercised, number of shares (in shares) | (20,000) | (20,000) |
Options outstanding and expected to vest, weighted average remaining contractual life (Year) | 6 years 3 months 10 days | |
Options outstanding and expected to vest, aggregate instrinsic value | $ 6,838 | |
Options exercisable (in shares) | 335,133 | |
Options exercisable, weighted average price (in dollars per share) | $ 3.10 | |
Options exercisable, weighted average remaining contractual life (Year) | 6 years 1 month 6 days | |
Options exercisable, aggregate intrinsic value | $ 6,338 | |
The 2018 Non-qualified Stock Option Plan [Member] | ||
Options balance, number of shares (in shares) | 314,000 | |
Options balance, weighted average exercise price per share (in dollars per share) | $ 3.17 | |
Granted, number of shares (in shares) | 0 | |
Granted, weighted average exercise price per share (in dollars per share) | $ 0 | |
Cancelled/Expired, number of shares (in shares) | 0 | |
Cancelled/Expired, weighted average exercise price per share (in dollars per share) | $ 0 | |
Exercised, number of shares (in shares) | 0 | |
Exercised, weighted average exercise price per share (in dollars per share) | $ 0 | |
Options balance, , number of shares (in shares) | 314,000 | |
Option balance, weighted average exercise price per share (in dollars per share) | $ 3.17 | |
Exercised, number of shares (in shares) | 0 | |
The 2012 Non-qualified Stock Option Plan [Member] | ||
Options balance, number of shares (in shares) | 36,000 | |
Options balance, weighted average exercise price per share (in dollars per share) | $ 0.98 | |
Granted, number of shares (in shares) | 0 | |
Granted, weighted average exercise price per share (in dollars per share) | $ 0 | |
Exercised, number of shares (in shares) | 20,000 | |
Exercised, weighted average exercise price per share (in dollars per share) | $ 0.98 | |
Options balance, , number of shares (in shares) | 14,000 | |
Option balance, weighted average exercise price per share (in dollars per share) | $ 0.98 | |
Cancelled, number of shares (in shares) | (2,000) | |
Cancelled, weighted average exercise price per share (in dollars per share) | $ 0.98 | |
Exercised, number of shares (in shares) | (20,000) | |
The 2011 Non-qualified Stock Option [Member] | ||
Options balance, number of shares (in shares) | 43,000 | |
Options balance, weighted average exercise price per share (in dollars per share) | $ 3 | |
Granted, number of shares (in shares) | 0 | |
Granted, weighted average exercise price per share (in dollars per share) | $ 0 | |
Exercised, number of shares (in shares) | 0 | |
Exercised, weighted average exercise price per share (in dollars per share) | $ 0 | |
Options balance, , number of shares (in shares) | 43,000 | |
Option balance, weighted average exercise price per share (in dollars per share) | $ 3 | |
Cancelled, number of shares (in shares) | 0 | |
Cancelled, weighted average exercise price per share (in dollars per share) | $ 0 | |
Exercised, number of shares (in shares) | 0 | |
The 2002 Stock Option Plan [Member] | ||
Options balance, number of shares (in shares) | 10,000 | |
Options balance, weighted average exercise price per share (in dollars per share) | $ 0.98 | |
Granted, number of shares (in shares) | 0 | |
Granted, weighted average exercise price per share (in dollars per share) | $ 0 | |
Cancelled/Expired, number of shares (in shares) | (10,000) | |
Cancelled/Expired, weighted average exercise price per share (in dollars per share) | $ 0.98 | |
Exercised, number of shares (in shares) | 0 | |
Exercised, weighted average exercise price per share (in dollars per share) | $ 0 | |
Options balance, , number of shares (in shares) | 0 | |
Option balance, weighted average exercise price per share (in dollars per share) | $ 0 | |
Exercised, number of shares (in shares) | 0 |
Note 10 - Shareholders' Equit_4
Note 10 - Shareholders' Equity - Assumptions for Estimated Fair Value of Options (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Expected volatility, minimum | 117% | |
Expected volatility, maximum | 159% | |
Expected dividends | 0% | 0% |
Risk free interest rate, minimum | 0.73% | |
Risk free interest rate, maximum | 1.24% | |
Minimum [Member] | ||
Expected term (based upon historical experience) (in years) (Year) | 5 years 6 months | |
Maximum [Member] | ||
Expected term (based upon historical experience) (in years) (Year) | 5 years 9 months 18 days |
Note 10 - Shareholders' Equit_5
Note 10 - Shareholders' Equity - Information Related to Stock Options (Details) | 12 Months Ended |
Dec. 31, 2022 $ / shares shares | |
Exercise price (in dollars per share) | $ / shares | |
Options outstanding, number of shares (in shares) | 371,000 |
Options outstanding, weighted average remaining contractual life (Year) | 6 years 3 months 10 days |
options exercisable, number of shares (in shares) | 335,133 |
Options exercisable, weighted average remaining contractual life (Year) | 6 years 1 month 6 days |
Exercise Price Range 1 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 0.98 |
Options outstanding, number of shares (in shares) | 19,500 |
Options outstanding, weighted average remaining contractual life (Year) | 2 years 1 month 9 days |
options exercisable, number of shares (in shares) | 19,500 |
Options exercisable, weighted average remaining contractual life (Year) | 2 years 1 month 9 days |
Exercise Price Range 2 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 1.91 |
Options outstanding, number of shares (in shares) | 10,000 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 3 months |
options exercisable, number of shares (in shares) | 6,667 |
Options exercisable, weighted average remaining contractual life (Year) | 8 years 3 months |
Exercise Price Range 3 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 2.21 |
Options outstanding, number of shares (in shares) | 7,000 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 5 months 12 days |
options exercisable, number of shares (in shares) | 4,666 |
Options exercisable, weighted average remaining contractual life (Year) | 8 years 5 months 12 days |
Exercise Price Range 4 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 2.68 |
Options outstanding, number of shares (in shares) | 5,300 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 10 months 13 days |
options exercisable, number of shares (in shares) | 1,767 |
Options exercisable, weighted average remaining contractual life (Year) | 8 years 10 months 13 days |
Exercise Price Range 5 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 2.89 |
Options outstanding, number of shares (in shares) | 105,000 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 10 months 13 days |
options exercisable, number of shares (in shares) | 78,333 |
Options exercisable, weighted average remaining contractual life (Year) | 7 years 10 months 13 days |
Exercise Price Range 6 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 2.92 |
Options outstanding, number of shares (in shares) | 52,500 |
Options outstanding, weighted average remaining contractual life (Year) | 6 years 1 month 17 days |
options exercisable, number of shares (in shares) | 52,500 |
Options exercisable, weighted average remaining contractual life (Year) | 6 years 1 month 17 days |
Exercise Price Range 7 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 3 |
Options outstanding, number of shares (in shares) | 52,500 |
Options outstanding, weighted average remaining contractual life (Year) | 6 years 7 months 13 days |
options exercisable, number of shares (in shares) | 52,500 |
Options exercisable, weighted average remaining contractual life (Year) | 6 years 7 months 13 days |
Exercise Price Range 8 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 3.30 |
Options outstanding, number of shares (in shares) | 37,500 |
Options outstanding, weighted average remaining contractual life (Year) | 4 years 9 months |
options exercisable, number of shares (in shares) | 37,500 |
Options exercisable, weighted average remaining contractual life (Year) | 4 years 9 months |
Exercise Price Range 9 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 3.50 |
Options outstanding, number of shares (in shares) | 3,000 |
Options outstanding, weighted average remaining contractual life (Year) | 5 years 9 months 3 days |
options exercisable, number of shares (in shares) | 3,000 |
Options exercisable, weighted average remaining contractual life (Year) | 5 years 9 months 3 days |
Exercise Price Range 10 [Member] | |
Exercise price (in dollars per share) | $ / shares | $ 4.10 |
Options outstanding, number of shares (in shares) | 78,700 |
Options outstanding, weighted average remaining contractual life (Year) | 5 years 2 months 23 days |
options exercisable, number of shares (in shares) | 78,700 |
Options exercisable, weighted average remaining contractual life (Year) | 5 years 2 months 23 days |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ (1,727,000) | $ (884,000) |
Deferred Tax Assets, Valuation Allowance, Percent | 100% | 100% |
Open Tax Year | 2019 2020 2021 2022 | |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | $ 707,738 | |
Research Tax Credit Carryforward [Member] | ||
Effective Income Tax Rate Reconciliation, GILTI, Amount | 900,000 | |
Domestic Tax Authority [Member] | ||
Operating Loss Carryforwards, Total | $ 32,917,000 | |
Operating Loss Carryforwards, Not Subject to Expiration | 902,000 | |
Operating Loss Carryforwards, Subject to Expiration | 32,015,000 | |
State and Local Jurisdiction [Member] | ||
Operating Loss Carryforwards, Total | 9,229,000 | |
Foreign Tax Authority [Member] | ||
Operating Loss Carryforwards, Total | 1,670,000 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | $ 16,064 | $ 70,060 |
Note 11 - Income Taxes - Compon
Note 11 - Income Taxes - Components of Income (Loss) Before Income Tax Provision (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
U.S. | $ (77,704) | $ (1,143,578) |
Foreign | 273,359 | 653,075 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | $ 195,655 | $ (490,503) |
Note 11 - Income Taxes - Income
Note 11 - Income Taxes - Income Tax Expense (Benefits) (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Federal, current | $ 0 | $ 0 |
State, current | 1,356 | 456 |
Foreign, current | (364,879) | 336,568 |
Total current | (363,523) | 337,024 |
Federal, deferred | 0 | 0 |
State, deferred | 0 | 0 |
Foreign, deferred | (92,968) | (130,767) |
Total deferred | (92,968) | (130,767) |
Income tax (benefit) provision | $ (456,491) | $ 206,257 |
Note 11 - Income Taxes - Reconc
Note 11 - Income Taxes - Reconciliations of Federal Statutory Rate to Effective Income Tax Rate (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
U.S. federal statutory tax rate | 21% | 21% |
State tax benefit, net | 5.62% | (7.61%) |
Stock compensation | 18.56% | (4.15%) |
Officers compensation | 0% | (69.84%) |
Attributes expiration | 17.06% | (148.01%) |
Return to Provision | (257.75%) | 8.73% |
Other adjustment | 30.65% | (7.86%) |
NOL Adjustment | 295.28% | 0% |
Unrecognized tax benefit | 361.72% | 0% |
GILTI | 156.50% | 0% |
Interest and penalties | 0% | (14.27%) |
Valuation allowance | (882.41%) | 180.11% |
Effective income tax rate | (233.77%) | (41.90%) |
Note 11 - Income Taxes - Deferr
Note 11 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
NOLs | $ 7,495,858 | $ 9,122,325 |
Inventory and other reserves | 31,340 | 24,128 |
Stock based compensation expense | 196,700 | 296,657 |
Lease liability | 5,883 | 16,125 |
Accruals | 14,695 | 7,597 |
Deferred tax assets, other | 96 | 96 |
Total deferred tax assets | 7,744,572 | 9,466,928 |
Depreciation and amortization | (668,359) | (784,611) |
Right-of-use assets | (6,112) | (16,054) |
Valuation allowance | (7,778,053) | (9,504,575) |
Net deferred tax liabilities | $ (707,952) | $ (838,312) |
Note 11 - Income Taxes - Unreco
Note 11 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Gross unrecognized tax benefits at the beginning of the year | $ 0 | $ 0 |
Increases related to current year positions | 0 | 0 |
Increases (decreases) related to prior year positions | 691,675 | 0 |
Expiration of unrecognized tax benefits | 0 | 0 |
Gross unrecognized tax benefits at the end of the year | $ 691,675 | $ 0 |
Note 12 - Leases (Details Textu
Note 12 - Leases (Details Textual) | Dec. 31, 2021 |
Lessee, Operating Lease, Renewal Term (Year) | 4 years |
Minimum [Member] | |
Lessee, Operating Lease, Remaining Lease Term (Month) | 7 months |
Maximum [Member] | |
Lessee, Operating Lease, Remaining Lease Term (Month) | 8 months |
Note 12 - Leases - Schedule of
Note 12 - Leases - Schedule of Lease Expense (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Operating lease cost | $ 39,324 | $ 40,796 |
Finance lease cost: | ||
Amortization of leased assets | 0 | 5,557 |
Interest on lease liabilities | 0 | 86 |
Total finance lease cost | $ 0 | $ 5,643 |
Note 12 - Leases - Schedule o_2
Note 12 - Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Operating cash flows from operating leases | $ 38,355 | $ 42,006 |
Operating cash flows from finance leases | 0 | 86 |
Financing cash flows from finance leases | 0 | 2,907 |
Operating leases | 0 | 0 |
Finance leases | $ 0 | $ 0 |
Note 12 - Leases - Schedule o_3
Note 12 - Leases - Schedule of Supplemental Balance Sheet Information (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Operating lease right-of-use assets | $ 23,063 | $ 61,040 |
Current portion of operating lease obligations | 22,199 | 36,123 |
Operating lease obligations, net of current portion | 0 | 25,187 |
Total | $ 22,199 | $ 61,310 |
Note 12 - Leases - Schedule o_4
Note 12 - Leases - Schedule of Lease Terms (Details) | Dec. 31, 2022 |
Weighted Average Remaining Lease Term | |
Operating lease (in years) (Year) | 7 months 6 days |
Weighted Average Discount Rate | |
Operating lease | 9% |
Note 12 - Leases -Schedule of O
Note 12 - Leases -Schedule of Operating Lease Minimum Payments (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
2023 | $ 23,751 | |
Total lease liabilities | 23,751 | |
Less amount representing interest | (1,552) | |
Total | 22,199 | $ 61,310 |
Less current portion | $ (22,199) | $ (36,123) |
Note 13 - Subsequent Events (De
Note 13 - Subsequent Events (Details Textual) | 1 Months Ended | 3 Months Ended | |||
Mar. 21, 2023 USD ($) $ / shares shares | Mar. 20, 2023 USD ($) | Mar. 31, 2023 USD ($) shares | Mar. 31, 2023 CAD ($) shares | Jun. 30, 2022 USD ($) $ / shares shares | |
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | 13,021 | ||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ | $ 25,000 | ||||
Deferred Compensation Arrangement with Individual, Exercise Price (in dollars per share) | $ / shares | $ 1.92 | ||||
Subsequent Event [Member] | |||||
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | 46,961 | ||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ | $ 82,180 | $ 82,180 | |||
Stock Issued During Period, Shares, New Issues (in shares) | 46,961 | 46,961 | |||
Subsequent Event [Member] | Chief Financial Officer [Member] | |||||
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | 250,000 | ||||
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | $ | $ 437,500 | ||||
Deferred Compensation Arrangement with Individual, Shares Subject to Repurchase (in shares) | 125,000 | ||||
Deferred Compensation Arrangement with Individual, Exercise Price (in dollars per share) | $ / shares | $ 0.01 | ||||
Subsequent Event [Member] | Director [Member] | Minimum [Member] | Share-Based Payment Arrangement, Option [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 10,000 | ||||
Subsequent Event [Member] | Director [Member] | Maximum [Member] | Share-Based Payment Arrangement, Option [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 5,000 | ||||
Subsequent Event [Member] | Chief Operating Officer [Member] | |||||
Annual Employment Salary | $ | $ 214,000 | ||||
Stock Issued During Period, Value, New Issues | $ | $ 25,000 |