Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 11, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001567900 | |
Entity Registrant Name | BLACKBOXSTOCKS INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-41051 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 45-3598066 | |
Entity Address, Address Line One | 5430 LBJ Freeway, Suite 1485 | |
Entity Address, City or Town | Dallas | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 75240 | |
City Area Code | 972 | |
Local Phone Number | 726-9203 | |
Title of 12(b) Security | Common Stock, par value $0.001 per share | |
Trading Symbol | BLBX | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 10,525,323 |
Balance Sheets (Current Period
Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash | $ 420,400 | $ 972,825 |
Accounts receivable, net of allowance for doubtful accounts of $68,589 at September 30, 2021 and December 31, 2020, respectively | 16,698 | 17,990 |
Inventory | 23,457 | 17,661 |
Other current assets | 1,804 | 0 |
Prepaid expenses | 112,914 | 44,643 |
Prepaid expenses, related party (Note 5) | 36,700 | 36,700 |
Total current assets | 611,973 | 1,089,819 |
Property and equipment: | ||
Right of use lease, net of amortization of $135,029 and $97,725 at September 30, 2021 and December 31, 2020, respectively | 414,070 | 62,348 |
Total property and equipment | 465,897 | 68,030 |
Total assets | 1,077,870 | 1,157,849 |
Current liabilities: | ||
Accounts payable | 533,782 | 352,545 |
Accrued interest | 6,296 | 10,425 |
Unearned subscriptions | 773,139 | 1,016,157 |
Lease liability right of use, current | 60,092 | 40,473 |
Other liabilities | 0 | 180,000 |
Senior secured note payable, current | 10,000 | 10,000 |
Convertible notes payable, net of discount of $-0- and $194,267 at September 30, 2021 and December 31, 2020, respectively (Note 7) | 35,220 | 257,150 |
Notes payable (Note 7) | 96,795 | 131,605 |
Notes payable, related party (Note 7) | 0 | 859 |
Total current liabilities | 1,515,324 | 1,999,214 |
Long term liabilities: | ||
Senior secured note payable, long term, net of debt issuance costs of $59,911 and $99,852 at September 30, 2021 and December 31, 2020, respectively | 930,089 | 890,148 |
Lease liability right of use, long term | 353,978 | 26,241 |
Total long term liabilities | 1,284,067 | 916,389 |
Commitments and contingencies (Note 8) | ||
Stockholders' deficit | ||
Preferred stock | 0 | 0 |
Common stock, $0.001 par value, 100,000,000 shares authorized: 10,320,879 and 8,410,386 issued and outstanding at September 30, 2021 and December 31, 2020, respectively | 10,321 | 8,410 |
Common stock, subscribed | 0 | 12,500 |
Additional paid in capital | 6,186,463 | 5,401,154 |
Accumulated deficit | (7,921,575) | (7,184,818) |
Total stockholders' deficit | (1,721,521) | (1,757,754) |
Total liabilities and stockholders' deficit | 1,077,870 | 1,157,849 |
Series A Preferred Stock [Member] | ||
Stockholders' deficit | ||
Preferred stock | 3,270 | 5,000 |
Machinery and Equipment [Member] | ||
Property and equipment: | ||
Office, computer and related equipment, net of depreciation of $76,426 and $61,961 at September 30, 2021 and December 31, 2020, respectively | $ 51,827 | $ 5,682 |
Balance Sheets (Current Perio_2
Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Accounts receivable, allowance for doubtful accounts | $ 68,589 | $ 68,589 |
Right of use lease, amortization | 135,029 | 97,725 |
Senior secured note payable, long-term, debt issuance costs | $ 59,911 | $ 99,852 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 10,320,879 | 8,410,386 |
Common stock, shares outstanding (in shares) | 10,320,879 | 8,410,386 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 3,269,998 | 5,000,000 |
Preferred stock, shares outstanding (in shares) | 3,269,998 | 5,000,000 |
Convertible Notes Payable [Member] | ||
Convertible notes payable, discount | $ 0 | $ 194,267 |
Machinery and Equipment [Member] | ||
Property and equipment, depreciation | $ 76,426 | $ 61,961 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenues | $ 1,471,814 | $ 1,100,329 | $ 4,425,088 | $ 2,324,428 |
Cost of revenues | 469,601 | 288,213 | 1,274,953 | 700,723 |
Gross margin | 1,002,213 | 812,116 | 3,150,135 | 1,623,705 |
Operating expenses: | ||||
Software development costs | 111,898 | 83,705 | 445,591 | 175,950 |
Selling, general and administrative | 1,098,427 | 466,225 | 2,320,841 | 1,131,661 |
Advertising and marketing | 286,057 | 173,559 | 840,557 | 404,635 |
Depreciation and amortization | 4,760 | 3,144 | 14,465 | 9,972 |
Total operating expenses | 1,501,142 | 726,633 | 3,621,454 | 1,722,218 |
Operating income (loss) | (498,929) | 85,483 | (471,319) | (98,513) |
Other (income) expense: | ||||
Interest expense | 30,281 | 33,469 | 104,576 | 128,229 |
Convertible note financing | 0 | 0 | 0 | 500,469 |
Gain on derivative liability | 0 | (10,757) | 0 | (1,166,242) |
Default expense | 0 | 0 | 0 | 24,750 |
Amortization of debt discount | 10,171 | 135,482 | 194,267 | 250,335 |
Gain on forgiveness of note payable | (33,405) | 0 | (33,405) | 0 |
Total other (income) expense | 7,047 | 158,194 | 265,438 | (262,459) |
Income (loss) before income taxes | (505,976) | (72,711) | (736,757) | 163,946 |
Income Taxes | 0 | 0 | 0 | 0 |
Net income (loss) | $ (505,976) | $ (72,711) | $ (736,757) | $ 163,946 |
Weighted average number of common shares outstanding - basic (in shares) | 9,717,580 | 8,116,112 | 8,942,024 | 8,006,006 |
Weighted average number of common shares outstanding - fully diluted (in shares) | 13,084,927 | |||
Net income (loss) per share - basic (in dollars per share) | $ (0.05) | $ (0.01) | $ (0.08) | $ 0.02 |
Net income per share - fully diluted (in dollars per share) | $ 0.01 | |||
Subscription and Circulation [Member] | ||||
Revenues | $ 1,466,363 | $ 1,093,245 | $ 4,412,536 | $ 2,306,094 |
Product and Service, Other [Member] | ||||
Revenues | $ 5,451 | $ 7,084 | $ 12,552 | $ 18,334 |
Statement of Stockholders' Defi
Statement of Stockholders' Deficit (Unaudited) - USD ($) | Warrants Issued in Connection Amendment of Notes Payable [Member]Additional Paid-in Capital [Member] | Warrants Issued in Connection Amendment of Notes Payable [Member] | Warrants Issued for Compensation [Member]Additional Paid-in Capital [Member] | Warrants Issued for Compensation [Member] | Preferred Stock [Member] | Preferred Stock Outstanding [Member]Series A Preferred Stock [Member] | Common Stock [Member] | Common Stock, Subscribed [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balances (in shares) at Dec. 31, 2019 | 0 | 5,000,000 | 7,908,231 | ||||||||
Balance at Dec. 31, 2019 | $ 0 | $ 5,000 | $ 7,908 | $ 35,060 | $ 3,443,640 | $ (6,829,907) | $ (3,338,299) | ||||
Issuance of shares in settlement of expenses (in shares) | 0 | 0 | 50,005 | ||||||||
Issuance of shares in settlement of expenses | $ 0 | $ 0 | $ 50 | 0 | 99,950 | 0 | 100,000 | ||||
Net income (loss) | $ 0 | $ 0 | $ 0 | 0 | 0 | 42,829 | 42,829 | ||||
Balances (in shares) at Mar. 31, 2020 | 0 | 5,000,000 | 7,958,236 | ||||||||
Balance at Mar. 31, 2020 | $ 0 | $ 5,000 | $ 7,958 | 35,060 | 3,543,590 | (6,787,078) | (3,195,470) | ||||
Balances (in shares) at Dec. 31, 2019 | 0 | 5,000,000 | 7,908,231 | ||||||||
Balance at Dec. 31, 2019 | $ 0 | $ 5,000 | $ 7,908 | 35,060 | 3,443,640 | (6,829,907) | (3,338,299) | ||||
Net income (loss) | 163,946 | ||||||||||
Balances (in shares) at Sep. 30, 2020 | 0 | 5,000,000 | 8,171,187 | ||||||||
Balance at Sep. 30, 2020 | $ 0 | $ 5,000 | $ 8,171 | 35,060 | 4,910,784 | (6,665,961) | (1,706,946) | ||||
Balances (in shares) at Mar. 31, 2020 | 0 | 5,000,000 | 7,958,236 | ||||||||
Balance at Mar. 31, 2020 | $ 0 | $ 5,000 | $ 7,958 | 35,060 | 3,543,590 | (6,787,078) | (3,195,470) | ||||
Net income (loss) | 0 | 0 | 0 | 0 | 0 | 193,828 | 193,828 | ||||
Warrants issued | $ 282,693 | $ 282,693 | $ 0 | $ 0 | $ 0 | 0 | 0 | ||||
Balances (in shares) at Jun. 30, 2020 | 0 | 5,000,000 | 7,958,236 | ||||||||
Balance at Jun. 30, 2020 | $ 0 | $ 5,000 | $ 7,958 | 35,060 | 3,826,283 | (6,593,250) | (2,718,949) | ||||
Issuance of shares in settlement of expenses (in shares) | 0 | 0 | 3,334 | ||||||||
Issuance of shares in settlement of expenses | $ 0 | $ 0 | $ 3 | 0 | 6,497 | 0 | 6,500 | ||||
Net income (loss) | 0 | 0 | 0 | 0 | 0 | (72,711) | (72,711) | ||||
Warrants issued | $ 371,243 | $ 371,243 | $ 0 | $ 0 | $ 0 | 0 | 0 | ||||
Issuance of shares for cash (in shares) | 0 | 0 | 184,617 | ||||||||
Issuance of shares for cash | $ 0 | $ 0 | $ 185 | 0 | 135,971 | 0 | 136,156 | ||||
Issuance of shares in exchange for services (in shares) | 0 | 0 | 25,000 | ||||||||
Issuance of shares in exchange for services | $ 0 | $ 0 | $ 25 | 0 | 48,725 | 0 | 48,750 | ||||
Convertible note forbearance extinguishment of derivative liability | $ 0 | $ 0 | $ 0 | 0 | 522,065 | 0 | 522,065 | ||||
Balances (in shares) at Sep. 30, 2020 | 0 | 5,000,000 | 8,171,187 | ||||||||
Balance at Sep. 30, 2020 | $ 0 | $ 5,000 | $ 8,171 | 35,060 | 4,910,784 | (6,665,961) | (1,706,946) | ||||
Balances (in shares) at Dec. 31, 2020 | 0 | 5,000,000 | 8,410,386 | ||||||||
Balance at Dec. 31, 2020 | $ 0 | $ 5,000 | $ 8,410 | 12,500 | 5,401,154 | (7,184,818) | (1,757,754) | ||||
Net income (loss) | $ 0 | $ 0 | $ 0 | 0 | 0 | 12,555 | 12,555 | ||||
Issuance of shares for cash (in shares) | 0 | 0 | 70,772 | ||||||||
Issuance of shares for cash | $ 0 | $ 0 | $ 71 | 0 | 137,935 | 0 | 138,006 | ||||
Issuance of subscribed shares (in shares) | 0 | 0 | 6,411 | ||||||||
Issuance of subscribed shares | $ 0 | $ 0 | $ 6 | (12,500) | 12,494 | 0 | 0 | ||||
Issuance of shares in settlement of liabilities (in shares) | 0 | 0 | 92,308 | ||||||||
Issuance of shares in settlement of liabilities | $ 0 | $ 0 | $ 93 | 0 | 179,907 | 0 | 180,000 | ||||
Balances (in shares) at Mar. 31, 2021 | 0 | 5,000,000 | 8,579,877 | ||||||||
Balance at Mar. 31, 2021 | $ 0 | $ 5,000 | $ 8,580 | 0 | 5,731,490 | (7,172,263) | (1,427,193) | ||||
Balances (in shares) at Dec. 31, 2020 | 0 | 5,000,000 | 8,410,386 | ||||||||
Balance at Dec. 31, 2020 | $ 0 | $ 5,000 | $ 8,410 | 12,500 | 5,401,154 | (7,184,818) | (1,757,754) | ||||
Net income (loss) | $ (736,757) | ||||||||||
Issuance of shares for cash (in shares) | 11,000 | ||||||||||
Issuance of subscribed shares (in shares) | 6,411 | ||||||||||
Issuance of subscribed shares | (12,500) | ||||||||||
Balances (in shares) at Sep. 30, 2021 | 0 | 3,269,998 | 10,320,879 | ||||||||
Balance at Sep. 30, 2021 | $ 0 | $ 3,270 | $ 10,321 | 0 | 6,186,463 | (7,921,575) | $ (1,721,521) | ||||
Balances (in shares) at Mar. 31, 2021 | 0 | 5,000,000 | 8,579,877 | ||||||||
Balance at Mar. 31, 2021 | $ 0 | $ 5,000 | $ 8,580 | 0 | 5,731,490 | (7,172,263) | (1,427,193) | ||||
Net income (loss) | $ 0 | $ 0 | $ 0 | 0 | 0 | (243,336) | (243,336) | ||||
Issuance of shares in exchange for services (in shares) | 0 | 0 | 11,000 | ||||||||
Issuance of shares in exchange for services | $ 0 | $ 0 | $ 11 | 0 | 21,439 | 0 | 21,450 | ||||
Balances (in shares) at Jun. 30, 2021 | 0 | 5,000,000 | 8,590,877 | ||||||||
Balance at Jun. 30, 2021 | $ 0 | $ 5,000 | $ 8,591 | 0 | 5,752,929 | (7,415,599) | (1,649,079) | ||||
Net income (loss) | 0 | 0 | 0 | 0 | 0 | (505,976) | (505,976) | ||||
Warrants issued | $ 10,635 | $ 10,635 | $ 0 | $ 0 | $ 0 | 0 | 0 | ||||
Issuance of common shares from conversion of Series A preferred shares (in shares) | 0 | (1,730,002) | 1,730,002 | ||||||||
Issuance of common shares from conversion of Series A preferred shares | $ 0 | $ (1,730) | $ 1,730 | 0 | 0 | 0 | 0 | ||||
Issuance of options for compensation | $ 0 | $ 0 | $ 0 | 0 | 422,899 | 0 | 422,899 | ||||
Balances (in shares) at Sep. 30, 2021 | 0 | 3,269,998 | 10,320,879 | ||||||||
Balance at Sep. 30, 2021 | $ 0 | $ 3,270 | $ 10,321 | $ 0 | $ 6,186,463 | $ (7,921,575) | $ (1,721,521) |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (736,757) | $ 163,946 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization expense | 14,465 | 9,972 |
Amortization of note discount and issuance costs | 234,208 | 250,335 |
Shares issued in settlement of financing costs | 0 | 100,000 |
Shares issued in settlement of services | 21,450 | 55,250 |
Stock based compensation | 433,534 | 0 |
Expenses paid by lender | 0 | 6,030 |
Convertible note financing | 0 | 500,469 |
Change in fair value of derivative liability | 0 | (1,166,242) |
Convertible note default expense | 0 | 24,750 |
Gain on forgiveness of note payable | (33,405) | 0 |
Right of use lease | (4,366) | 1,086 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 1,292 | (14,489) |
Inventory | (5,796) | (14,757) |
Other current assets | (1,804) | 0 |
Prepaid expenses | (68,271) | 0 |
Accounts payable | 181,237 | (50,764) |
Accrued interest | (4,129) | (11,901) |
Accrued interest, related party | 0 | 10,960 |
Unearned subscriptions | (243,018) | 227,734 |
Net cash provided by (used in) operating activities | (211,360) | 92,379 |
Cash flows from investing activities: | ||
Purchase of property and equipment | (60,610) | 0 |
Cash repayments from related parties | 0 | 6,890 |
Net cash used in investing activities | (60,610) | 6,890 |
Cash flows from financing activities: | ||
Common stock issued for cash | 138,006 | 136,156 |
Proceeds from issuance of notes payable | 0 | 127,100 |
Proceeds from issuance of convertible notes payable | 0 | 100,000 |
Proceeds from Payroll Protection Program | 0 | 130,200 |
Principal payments on notes payable | (1,405) | (331,573) |
Principal payments on convertible notes payable | (416,197) | (13,289) |
Principal payments on notes payable, related parties | (859) | (103,558) |
Net cash provided by (used in) financing activities | (280,455) | 45,036 |
Net increase (decrease) in cash | (552,425) | 144,305 |
Cash - beginning of year | 972,825 | 21,172 |
Cash - end of period | 420,400 | 165,477 |
Supplemental disclosures: | ||
Interest paid | 108,705 | 0 |
Income taxes paid | 0 | 0 |
Non-cash investing and financing activities: | ||
Repayment of note in exchange for note payable | 0 | 39,370 |
Common stock issued in settlement of accrued liabilities | 180,000 | 0 |
Repayment of note payable, related party in exchange for advances | 0 | 2,933 |
Issuance of warrants for forbearance agreements | 0 | 371,243 |
Preferred Stock Series A Converted to Common Stock [Member] | ||
Non-cash investing and financing activities: | ||
Preferred Series A shares converted to common shares | 1,730 | 0 |
Notes Payable One [Member] | ||
Non-cash investing and financing activities: | ||
Discount on notes payable | $ 0 | $ 69,500 |
Note 1 - Organization
Note 1 - Organization | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Blackboxstocks Inc. was incorporated on October 4, 2011 11 The Company changed its name to Blackboxstocks, Inc. and began operating as a financial technology and social media platform in March 2016. may 8,000 1,000,000 September 2016. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. The accompanying interim unaudited financial statements and footnotes of Blackboxstocks Inc. have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and the instructions to Rule 10 01 X not not December 31, 2021. 10 December 31, 2020. Use of Estimates Cash three Recently Issued Accounting Pronouncements nine September 30, 2021 not Earnings or (Loss) Per Share Revenue Recognition - |
Note 3 - Stockholders' Deficit
Note 3 - Stockholders' Deficit | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 3. Stockholders Deficit The Company has authorized 10,000,000 shares of preferred stock at $0.001 par value, 5,000,000 of which are designated as “Series A Convertible Preferred Stock” at $0.001 par value and 100,000,000 authorized shares of common stock at $0.001 par value (“Common Stock”). Shares of Series A Convertible Preferred Stock do not no one May 27, 2021 May 27, 2021 July 2021. August 2021, September 30, 2021 During the nine September 30, 2021, During the nine September 30, 2021, third During the nine September 30, 2021, |
Note 4 - Warrants to Purchase C
Note 4 - Warrants to Purchase Common Stock | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 4. Costs attributable to the issuance of warrants to purchase common stock are measured at fair value at the date of issuance and offset with a corresponding increase in ‘Additional Paid in Capital’ at the time of issuance. Until January 1, 2021, Concurrently with the execution of certain securities purchase agreements during 2020, one five In conjunction with the issuance of convertible notes payable as described in Note 7, one five Beginning January 1, 2021, September 30, 2021, On September 11, 2021, ten The following table presents the Company’s warrants as of September 30, 2021 December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2019 84,295 $ 1.95 4.45 Issued 510,644 $ 0.84 5.00 Exercised (115,385 ) $ 0.01 - Warrants as of December 31, 2020 479,554 $ 1.24 4.34 Issued 152,602 $ 1.80 10.00 Exercised - $ - - Warrants as of September 30, 2021 632,156 $ 1.37 4.64 At September 30, 2021, |
Note 5 - Incentive Stock Plan
Note 5 - Incentive Stock Plan | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 4. Costs attributable to the issuance of warrants to purchase common stock are measured at fair value at the date of issuance and offset with a corresponding increase in ‘Additional Paid in Capital’ at the time of issuance. Until January 1, 2021, Concurrently with the execution of certain securities purchase agreements during 2020, one five In conjunction with the issuance of convertible notes payable as described in Note 7, one five Beginning January 1, 2021, September 30, 2021, On September 11, 2021, ten The following table presents the Company’s warrants as of September 30, 2021 December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2019 84,295 $ 1.95 4.45 Issued 510,644 $ 0.84 5.00 Exercised (115,385 ) $ 0.01 - Warrants as of December 31, 2020 479,554 $ 1.24 4.34 Issued 152,602 $ 1.80 10.00 Exercised - $ - - Warrants as of September 30, 2021 632,156 $ 1.37 4.64 At September 30, 2021, |
Share-based Payment Arrangement, Option [Member] | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 5. On August 11, 2021, 2021 During the period ended September 30, 2021, On August 31, 2021, ten On September 11, 2021, ten 11, 2021 twelve September 30, 2021, none The following table presents the Company’s options as of September 30, 2021 December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Options as of December 31, 2020 - $ - - Issued 612,500 $ 3.04 10.00 Exercised - $ - - Options as of September 30, 2021 612,500 $ 3.04 9.92 At September 30, 2021, |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 6. Related Party Transactions G2 “G2” September 30, 2021 2020 G2/IPA. three six |
Note 7 - Debt
Note 7 - Debt | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 7. A summary of the Company’s debt at September 30, 2021 December 31, 2020, 9/30/2021 12/31/2020 $ 1,000,000 12 $ 1,000,000 $ 1,000,000 $ 130,200 1 96,795 130,200 $ 108,000 - 859 $ 385,000 8 35,220 318,012 $ 165,000 8 - 133,405 Miscellaneous equipment loans - 1,405 1,132,015 1,583,881 Less unamortized discount and debt issuance costs (59,911 ) (294,119 ) Total notes payable $ 1,072,104 $ 1,289,762 Current portion of long-term debt 142,015 399,614 Long-term portion $ 930,089 $ 890,148 Notes Payable On May 1, 2020, May 1, 2022. August 2021, On November 12, 2020, November 12, 2022. one first Notes Payable, related party On December 6, 2018, third nine September 30, 2021 December 31, 2020 September 30, 2021 Convertible Notes Payable On May 21, 2019, 8% third July 17, 2019, two December 31, 2019 2020, On July 10, 2020, 8% no July 20, 2020 thirteen January 10, 2021 July 10, 2025. During the nine September 30, 2021, July 17, 2019 September 30, 2021 nine September 30, 2021, May 21, 2019 September 30, 2021 |
Note 8 - Commitments and Contin
Note 8 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 8. On August 11, 2020 three three September 30, 2021, November 9, 2021, 9 On February 22, 2021 847 2,685 September 30, 2025. April 14, 2021, September 30, 2028. The table below shows the future lease payment obligations: Year Ending December 31, Amount 2021 $ 22,291 2022 88,792 2023 87,934 2024 89,948 2025 9,112 Thereafter 260,781 $ 558,858 The Company is not |
Note 9 - Subsequent Events
Note 9 - Subsequent Events | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 9. On November 9, 2021 may five On November 1, 2021, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash three |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements nine September 30, 2021 not |
Earnings Per Share, Policy [Policy Text Block] | Earnings or (Loss) Per Share |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition - |
Note 4 - Warrants to Purchase_2
Note 4 - Warrants to Purchase Common Stock (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2019 84,295 $ 1.95 4.45 Issued 510,644 $ 0.84 5.00 Exercised (115,385 ) $ 0.01 - Warrants as of December 31, 2020 479,554 $ 1.24 4.34 Issued 152,602 $ 1.80 10.00 Exercised - $ - - Warrants as of September 30, 2021 632,156 $ 1.37 4.64 |
Note 5 - Incentive Stock Plan (
Note 5 - Incentive Stock Plan (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of Shares Weighted Average Exercise Price Weighted Average Remaining Life (in years) Options as of December 31, 2020 - $ - - Issued 612,500 $ 3.04 10.00 Exercised - $ - - Options as of September 30, 2021 612,500 $ 3.04 9.92 |
Note 7 - Debt (Tables)
Note 7 - Debt (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | 9/30/2021 12/31/2020 $ 1,000,000 12 $ 1,000,000 $ 1,000,000 $ 130,200 1 96,795 130,200 $ 108,000 - 859 $ 385,000 8 35,220 318,012 $ 165,000 8 - 133,405 Miscellaneous equipment loans - 1,405 1,132,015 1,583,881 Less unamortized discount and debt issuance costs (59,911 ) (294,119 ) Total notes payable $ 1,072,104 $ 1,289,762 Current portion of long-term debt 142,015 399,614 Long-term portion $ 930,089 $ 890,148 |
Note 8 - Commitments and Cont_2
Note 8 - Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year Ending December 31, Amount 2021 $ 22,291 2022 88,792 2023 87,934 2024 89,948 2025 9,112 Thereafter 260,781 $ 558,858 |
Note 3 - Stockholders' Deficit
Note 3 - Stockholders' Deficit (Details Textual) | Jul. 14, 2021shares | May 27, 2021shares | Aug. 31, 2021shares | Mar. 31, 2021USD ($) | Sep. 30, 2021USD ($)$ / sharesshares | Sep. 30, 2020USD ($) | Dec. 31, 2020$ / sharesshares |
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 | |||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | |||||
Common Stock, Shares Authorized (in shares) | 100,000,000 | 100,000,000 | |||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | |||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | |||||
Convertible Liability, Original Amount | $ | $ 180,000 | ||||||
Conversion of Convertible Liability, Shares Issued (in shares) | 92,308 | ||||||
Convertible Liability, Conversion Price (in dollars per share) | $ / shares | $ 1.95 | ||||||
Stock Issued During Period, Shares, New Issues (in shares) | 11,000 | ||||||
Proceeds from Issuance of Common Stock | $ | $ 138,006 | $ 136,156 | |||||
Stock Issued During Period, Shares, Previously Subscribed Shares (in shares) | 6,411 | ||||||
Stock Issued During Period, Value, Previously Subscribed Shares | $ | $ 0 | ||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 1.95 | ||||||
Issuance of Stock and Warrants for Services or Claims | $ | $ 21,450 | ||||||
Common Stock, Subscribed [Member] | |||||||
Stock Issued During Period, Value, Previously Subscribed Shares | $ | $ (12,500) | $ (12,500) | |||||
Issuance of Common Stock 1 [Member] | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 70,772 | ||||||
Proceeds from Issuance of Common Stock | $ | $ 138,006 | ||||||
Director, President, CEO,CFO, and Secretary [Member] | Conversion of Series A Convertible Preferred Shares into Common Stock [Member] | |||||||
Conversion of Stock, Shares Issued (in shares) | 1,130,002 | 600,000 | |||||
Total Preferred Stock [Member] | |||||||
Preferred Stock, Shares Authorized (in shares) | 10,000,000 | ||||||
Series A Preferred Stock [Member] | |||||||
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 | |||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | |||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 1 | ||||||
Preferred Stock, Number of Votes Per Share | 100 | ||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 3,269,998 | 5,000,000 | |||||
Series A Preferred Stock [Member] | Director, President, CEO,CFO, and Secretary [Member] | |||||||
Convertible Preferred Stock, Shares Sold and Transferred by Individual (in shares) | 1,130,002 | 600,000 | |||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 3,269,998 |
Note 4 - Warrants to Purchase_3
Note 4 - Warrants to Purchase Common Stock (Details Textual) | Sep. 11, 2021USD ($)$ / sharesshares | Sep. 30, 2021USD ($)$ / sharesshares | Dec. 31, 2020$ / shares | Jul. 20, 2020$ / sharesshares | Jul. 10, 2020shares | Jun. 23, 2020$ / sharesshares | Dec. 31, 2019$ / shares |
Warrants and Rights Outstanding, Term (Year) | 10 years | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Vested (in shares) | 534,937 | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Unvested (in shares) | 97,219 | ||||||
Warrant, Nonvested, Cost Not yet Recognized, Amount | $ | $ 371,936 | ||||||
Chief Financial Officer [Member] | |||||||
Warrants and Rights Outstanding, Term (Year) | 10 years | ||||||
Warrants and Rights Outstanding | $ | $ 382,571 | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 100,000 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.95 | ||||||
Warrants and Rights, Vesting Term (Month) | 36 months | ||||||
Measurement Input, Risk Free Interest Rate [Member] | |||||||
Warrants and Rights Outstanding, Measurement Input | 1.30 | ||||||
Measurement Input, Price Volatility [Member] | |||||||
Warrants and Rights Outstanding, Measurement Input | 50 | ||||||
Minimum [Member] | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.37 | $ 1.24 | $ 1.95 | ||||
Warrants in Connection with Common Stock Sold [Member] | |||||||
Warrants and Rights Outstanding | $ | $ 639,194 | ||||||
Warrants in Connection with Common Stock Sold [Member] | Minimum [Member] | |||||||
Warrants and Rights Outstanding, Term (Year) | 1 year | ||||||
Warrants in Connection with Common Stock Sold [Member] | Maximum [Member] | |||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | ||||||
Warrants Issued With Convertible Notes Payable [Member] | |||||||
Warrants and Rights Outstanding, Term (Year) | 1 year | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 115,385 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 0.01 | ||||||
Second Warrants Issued With Convertible Notes Payable [Member] | |||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 360,000 | 360,000 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1 |
Note 4 - Warrants to Purchase_4
Note 4 - Warrants to Purchase Common Stock - Warrant Activity (Details) - $ / shares | Jan. 01, 2020 | Sep. 30, 2021 | Dec. 31, 2020 |
Warrants outstanding, number of shares (in shares) | 84,295 | 479,554 | 84,295 |
Warrants, average remaining life (Year) | 4 years 5 months 12 days | 4 years 7 months 20 days | 4 years 4 months 2 days |
Issued, number of shares (in shares) | 152,602 | 510,644 | |
Issued, average remaining life (Year) | 10 years | 5 years | |
Exercised (in shares) | 0 | (115,385) | |
Exercised, number of shares (in shares) | 632,156 | 479,554 | |
Minimum [Member] | |||
Warrants, exercise price (in dollars per share) | $ 1.95 | $ 1.24 | $ 1.95 |
Issued, exercise price (in dollars per share) | 1.80 | 0.84 | |
Exercised, exercise price (in dollars per share) | 0 | 0.01 | |
Warrants, exercise price (in dollars per share) | $ 1.37 | $ 1.24 |
Note 5 - Incentive Stock Plan_2
Note 5 - Incentive Stock Plan (Details Textual) - The 2021 Incentive Stock Plan [Member] - USD ($) | Sep. 11, 2021 | Aug. 31, 2021 | Sep. 30, 2021 | Sep. 30, 2021 | Aug. 11, 2021 |
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 750,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 1.30% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 50.00% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 10 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 15,000 | 597,500 | 612,500 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year) | 10 years | 10 years | |||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 4.96 | $ 2.99 | $ 3.04 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Fair Value | $ 44,823 | $ 1,076,340 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 222,085 | 222,085 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares, Ending Balance (in shares) | 390,415 | 390,415 | |||
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $ 698,264 | $ 698,264 | |||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 6,048 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 0 | ||||
Restricted Stock [Member] | Vesting Monthly [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Month) | 12 months |
Note 5 - Incentive Stock Plan -
Note 5 - Incentive Stock Plan - Option Activity Under Stock Plan (Details) - The 2021 Incentive Stock Plan [Member] - $ / shares | Sep. 11, 2021 | Aug. 31, 2021 | Sep. 30, 2021 |
Outstanding (in shares) | 0 | ||
Outstanding, weighted average exercise price (in dollars per share) | $ 0 | ||
Issued (in shares) | 15,000 | 597,500 | 612,500 |
Issued, weighted average exercise price (in dollars per share) | $ 4.96 | $ 2.99 | $ 3.04 |
Issued, weighted average remaining life (Year) | 10 years | ||
Exercised (in shares) | 0 | ||
Exercised, weighted average exercise price (in dollars per share) | $ 0 | ||
Outstanding (in shares) | 612,500 | ||
Outstanding, weighted average exercise price (in dollars per share) | $ 3.04 | ||
Options outstanding, weighted average remaining life (Year) | 9 years 11 months 1 day |
Note 6 - Related Party Transa_2
Note 6 - Related Party Transactions (Details Textual) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 |
Prepaid Expenses, Related Party, Current | $ 36,700 | $ 36,700 | |
G2 and IPA [Member] | |||
Prepaid Expenses, Related Party, Current | $ 36,700 | $ 36,700 |
Note 7 - Debt (Details Textual)
Note 7 - Debt (Details Textual) - USD ($) | Nov. 12, 2020 | Jul. 10, 2020 | May 01, 2020 | Jul. 17, 2019 | Dec. 06, 2018 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Aug. 31, 2021 | Jul. 20, 2020 | Dec. 31, 2019 | May 21, 2019 |
Repayments of Notes Payable | $ 1,405 | $ 331,573 | |||||||||||
Repayments of Trade Payables | $ 133,880 | ||||||||||||
Adjustments to Additional Paid in Capital, Convertible Note Forbearance Extinguishment of Derivative Liability | $ 522,065 | ||||||||||||
Warrants Issued | 0 | $ 371,243 | |||||||||||
Second Warrants Issued With Convertible Notes Payable [Member] | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 360,000 | 360,000 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1 | ||||||||||||
Notes Payable, Other Payables [Member] | Director, President, CEO,CFO, and Secretary [Member] | |||||||||||||
Proceeds from Related Party Debt | $ 108,000 | ||||||||||||
Repayments of Related Party Debt | 859 | $ 107,141 | |||||||||||
Due to Related Parties, Total | $ 0 | ||||||||||||
Convertible Notes Payable Issued May 21, 2019 [Member] | |||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | 8.00% | ||||||||||
Debt Instrument, Face Amount | $ 385,000 | $ 385,000 | $ 385,000 | ||||||||||
Repayments of Notes Payable | 282,792 | ||||||||||||
Debt Instrument, Discount Rate | 10.00% | ||||||||||||
Notes Payable, Current, Total | $ 35,220 | ||||||||||||
Convertible Notes Payable Issued July 17, 2019 [Member] | |||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | |||||||||||
Debt Instrument, Face Amount | $ 165,000 | $ 165,000 | $ 165,000 | ||||||||||
Repayments of Notes Payable | 133,405 | ||||||||||||
Debt Instrument, Discount Rate | 10.00% | ||||||||||||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 342,308 | ||||||||||||
Debt Instrument, Redemption Fee, Amount | $ 24,750 | $ 57,750 | |||||||||||
Notes Payable, Current, Total | $ 0 | ||||||||||||
Convertible Notes Payable Issued July 10, 2020 [Member] | Embedded Derivative Financial Instruments [Member] | |||||||||||||
Adjustments to Additional Paid in Capital, Convertible Note Forbearance Extinguishment of Derivative Liability | $ 522,065 | ||||||||||||
Warrants Issued in Connection Amendment of Notes Payable [Member] | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1 | ||||||||||||
Warrants Issued | $ 371,243 | ||||||||||||
Paycheck Protection Program CARES Act [Member] | |||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 130,200 | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.00% | 1.00% | 1.00% | ||||||||||
Long-term Debt, Total | $ 96,795 | ||||||||||||
Debt Instrument, Face Amount | $ 130,200 | $ 130,200 | |||||||||||
Loan Agreement [Member] | |||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | 12.00% | ||||||||||
Debt Instrument, Face Amount | $ 1,000,000 | $ 1,000,000 | $ 1,000,000 | ||||||||||
Secured Note Payable [Member] | |||||||||||||
Repayments of Notes Payable | $ 100,000 |
Note 7 - Debt - Schedule of Deb
Note 7 - Debt - Schedule of Debt (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Short-term and Long-term Debt, Gross | $ 1,132,015 | $ 1,583,881 |
Less unamortized discount and debt issuance costs | (59,911) | (294,119) |
Total notes payable | 1,072,104 | 1,289,762 |
Current portion of long-term debt | 142,015 | 399,614 |
Long-term portion | 930,089 | 890,148 |
Convertible Notes Payable Issued May 21, 2019 [Member] | ||
Short-term Debt | 35,220 | 318,012 |
Convertible Notes Payable Issued July 17, 2019 [Member] | ||
Short-term Debt | 0 | 133,405 |
Loan Agreement [Member] | ||
Long-term Debt, Gross | 1,000,000 | 1,000,000 |
Paycheck Protection Program CARES Act [Member] | ||
Long-term Debt, Gross | 96,795 | 130,200 |
Second Note [Member] | Notes Payable, Other Payables [Member] | Director, President, CEO,CFO, and Secretary [Member] | ||
Short-term Debt | 0 | 859 |
Miscellaneous Equipment Loans [Member] | ||
Long-term Debt, Gross | $ 0 | $ 1,405 |
Note 7 - Debt - Schedule of D_2
Note 7 - Debt - Schedule of Debt (Details) (Parentheticals) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 | Nov. 12, 2020 | May 01, 2020 | Jul. 17, 2019 | May 21, 2019 |
Convertible Notes Payable Issued May 21, 2019 [Member] | ||||||
Face amount | $ 385,000 | $ 385,000 | $ 385,000 | |||
Interest Rate | 8.00% | 8.00% | 8.00% | |||
Convertible Notes Payable Issued July 17, 2019 [Member] | ||||||
Face amount | $ 165,000 | $ 165,000 | $ 165,000 | |||
Interest Rate | 8.00% | 8.00% | ||||
Loan Agreement [Member] | ||||||
Face amount | $ 1,000,000 | $ 1,000,000 | $ 1,000,000 | |||
Interest Rate | 12.00% | 12.00% | 12.00% | |||
Paycheck Protection Program CARES Act [Member] | ||||||
Face amount | $ 130,200 | $ 130,200 | ||||
Interest Rate | 1.00% | 1.00% | 1.00% | |||
Second Note [Member] | Notes Payable, Other Payables [Member] | Director, President, CEO,CFO, and Secretary [Member] | ||||||
Face amount | $ 108,000 | $ 108,000 |
Note 8 - Commitments and Cont_3
Note 8 - Commitments and Contingencies (Details Textual) - Winspear [Member] - shares | Sep. 30, 2021 | Aug. 11, 2020 | Nov. 09, 2021 |
Strategic Advisory Services Agreement Minimum Term (Month) | 3 months | ||
Strategic Advisory ServicesAgreement Shares Compensation at Inception (in shares) | 20,000 | ||
Strategic Advisory Services Agreement Monthly Compensation Common Stock Shares (in shares) | 5,000 | ||
Strategic Advisory Services Agreement Additional Twelve Months Term Monthly Compensation Common Stock Shares (in shares) | 3,000 | ||
Agreement Covenant, Common Stock Issued Upon NASDAQ Listing (in shares) | 80,000 | ||
Stock Issued During Period, Shares, Issued for Services (in shares) | 59,000 | ||
Stock Issued During Period, Shares, Remain Payable (in shares) | 9,000 | ||
Subsequent Event [Member] | |||
Stock Issued During Period, Shares, Remain Payable (in shares) | 80,000 |
Note 8 - Commitments and Cont_4
Note 8 - Commitments and Contingencies - Future Lease Payment Obligations (Details) | Apr. 14, 2021USD ($) |
2021 | $ 22,291 |
2022 | 88,792 |
2023 | 87,934 |
2024 | 89,948 |
2025 | 9,112 |
Thereafter | 260,781 |
Lessee, Operating Lease, Liability, to be Paid, Total | $ 558,858 |
Note 9 - Subsequent Events (Det
Note 9 - Subsequent Events (Details Textual) - USD ($) | Nov. 09, 2021 | Nov. 01, 2021 | Sep. 30, 2021 | Sep. 30, 2020 |
Stock Issued During Period, Shares, New Issues (in shares) | 11,000 | |||
Shares Issued, Price Per Share (in dollars per share) | $ 1.95 | |||
Proceeds from Issuance of Common Stock | $ 138,006 | $ 136,156 | ||
Warrants and Rights Outstanding, Term (Year) | 10 years | |||
Subsequent Event [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,400,000 | |||
Shares Issued, Price Per Share (in dollars per share) | $ 5 | |||
Proceeds from Issuance of Common Stock | $ 10,610,000 | |||
Stock Issued During Period, Shares, Exercise of Warrants (in shares) | 204,444 | |||
Class of Warrant or Right, Exercised (in shares) | 240,000 | |||
Subsequent Event [Member] | Underwriters Warrants [Member] | ||||
Class of Warrant or Right, Shares to Purchase Granted, Percent | 6.00% | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 144,000 | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights, Percent (in dollars per share) | $ 125 | |||
Warrants and Rights Outstanding, Term (Year) | 5 years | |||
Subsequent Event [Member] | Over-Allotment Option [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 360,000 | |||
Shares Issued, Price Per Share (in dollars per share) | $ 5 | |||
Sale of Stock, Over-allotment Option Period (Day) | 45 days |