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Note 4 - COVID Loans
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Long-Term Debt [Text Block]

Note 4 COVID Loans

 

The Company assumed the obligations for two COVID Loans originally made by the Small Business Administration to senseFly S.A. on July 27, 2020 (“senseFly COVID Loans”). As of senseFly Acquisition Date, the fair value of the COVID Loan was $1,440,046 (“senseFly COVID Loans”). For the three and six months ended June 30, 2025, senseFly S.A. made the required payments on the senseFly COVID Loans, including principal and accrued interest, aggregating approximately $57,448 and $162,770 respectively. As of June 30, 2025, the Company’s outstanding obligations under the senseFly COVID Loans are $401,381.

 

As of June 30, 2025, scheduled principal payments due under the senseFly COVID Loans are as follows:

 

Year ending December 31,

    

2025 (remaining)

 $92,317 

2026

  103,033 

2027

  206,031 

Total

 $401,381