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Note 8 - Equity
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Equity [Text Block]

8. Equity

 

Common Stock

 

The Company is authorized to issue 80 million shares of common stock, $0.001 par value per share.  

 

Dividends

 

The Company has not declared or paid cash dividends on common stock. We currently expect to use future earnings to operate or expand our business and to reduce outstanding debt and therefore do not anticipate paying cash dividends in the foreseeable future. In addition, we currently have covenants in certain of our debt agreements that prohibit paying dividends without the consent of the applicable lender.

 

Preferred Stock

 

The Company is authorized to issue up to 65 million shares of preferred stock, $0.001 par value per share. Effective as of December 12, 2023, the Company converted all outstanding preferred stock to common stock. As a result, as of December 31, 2024 and 2023, the Company has no outstanding shares of preferred stock.

 

Convertible Securities

 

The following table shows the number of shares of common stock that could be issued pursuant to outstanding convertible securities:

 

  

As of

 
  

December 31, 2024

  

December 31, 2023

 
         

Common stock options and warrants

  7,731   6,056 

Debt with conversion feature at $30 per share of common stock

  1,153   1,267 

Total number of potentially dilutive shares excluded from the diluted net (loss) per share calculation

  8,884   7,323