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Note 5 - Convertible Notes Payable (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Convertible Debt [Table Text Block]

Holder

Issuance Date

Due Date

 

Interest Rate

  

Convertible Note

Principal

  

Principal Repayments

  

Conversion to

Common Stock

  

Principal Outstanding

 

Francisco Trust dated 2/28/1996 (1)

03/08/24

03/08/27

  8%  $1,000,000  $  $  $1,000,000 

Bradley Emalfarb (2)

03/08/24

03/08/27

  8%   500,000      (500,000)   

Bradley Scott Emalfarb Irrevocable Trust (2)

03/08/24

03/08/27

  8%   410,000      (410,000)   

Emalfarb Descendent Trust (3)

03/08/24

03/08/27

  8%   90,000         90,000 

Convertible Notes - Related Party

       $2,000,000  $  $(910,000)  1,090,000 

Unamortized Debt Issuance Costs - Related Party

                    (24,124)

Net Carrying Amount

                   $1,065,876 
                       

Convertible Notes - Third Party

03/08/24

03/08/27

  8%  $4,000,000  $  $   4,000,000 

Unamortized Debt Issuance Costs - Third Party

                    (88,529)

Net Carrying Amount

                   $3,911,471