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Note 7 - Accrued Expenses and Other Liabilities - Current | 3 Months Ended
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Mar. 31, 2026
Notes to Financial Statements |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | NOTE 7 ACCRUED EXPENSES AND OTHER LIABILITIES - CURRENT Accrued expenses and other liabilities - current at March 31, 2026 and December 31, 2025 consisted of the following:
|  | March 31, 2026 |  |  | December 31, 2025 |
Accrued payroll costs |  | $ | 1,068,187 |  |  | $ | 1,501,110 |
Accrued incentive compensation |  |  | — |  |  |  | 263,750 |
Accrued vendor liabilities |  |  | 460,281 |  |  |  | 753,221 |
Payable to research and development company - current |  |  | 1,284,022 |  |  |  | 1,146,845 |
Payable to Flux Photon - current (see Note 14) |  |  | 877,629 |  |  |  | 1,143,412 |
Other accrued expenses |  |  | 36,348 |  |  |  | 39,961 |
Total accrued expenses |  | $ | 3,726,467 |  |  | $ | 4,848,299 |
Payable to Research and Development Company As of March 31, 2026, the short-term payable to a research and development company (“Developer”) of $1,284,022 consists of payments due under the Securities Purchase Agreement dated March 1, 2024, between the Company and the Developer (see Note 3). During the three-months ended March 31, 2026 and 2025, the Company paid $0 to the Developer in accordance with the funding commitments under the Developer Securities Purchase Agreement. For the three-months ended March 31, 2026 and 2025, the Company recognized interest expense of $29,852, which represents the amortization of the discount that was recognized on the date of the agreement since the payable associated with the funding commitment is non-interest bearing. Oklahoma Grant On December 11, 2024, the Company was granted an award of $3,000,000 (the “OKL Award”), pursuant to that Contract between the Oklahoma Department of Commerce and the Company for a contractual award from the Oklahoma Quick Action Closing Fund (the “Contract”). The OKL Award funds in three tranches of $1,000,000 each within 45 days of Comstock Fuels Corporation (“Comstock Fuels”), a wholly owned subsidiary of the Company, meeting these three conditions:
• | publicly announcing the relocation of the Comstock Fuels headquarters to Oklahoma, which was completed in the first quarter of 2025;
• | identifying an Oklahoma site for the construction of a next-generation renewable fuel refinery and securing that site; and
• | invests at least $5,000,000 towards engineering, machinery, and/or materials associated with that Oklahoma site/facility.
The OKL Award must be used for purposes of economic development and related infrastructure development. The Award requires certain ongoing conditions to be met, including without limitation, creation of 45 jobs, with an average salary of $80,000 per person, $160 million of total investments, maintenance of headquarters by March 31, 2026, with at least ten jobs for a period of at least ten consecutive quarters no later than December 31, 2030, and operation of a commercial demonstration biorefinery no later than December 31, 2031, otherwise the granted monies received would have to be repaid. In 2025, the Company met the first and second conditions of the OKL Award. On January 20, 2026, the Company received $1,000,000 from the Oklahoma Department of Commerce for the second condition of the OKL Award. For the three-months ended March 31, 2026 and 2025, the Company recognized grant income of $16,670 and $8,333, respectively, in other income (expense) in the condensed consolidated statement of operations and recorded deferred revenue of $66,666 in accrued expenses and other liabilities and $1,870,830 in long-term deferred revenue on the condensed consolidated balance sheet. As of March 31, 2026 and December 31, 2025, the Company recorded $0 and $1,000,000, respectively, in accounts receivable on the condensed consolidated financial statements.

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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1 + Details
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