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Note 8 - Long-term Debt | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Long-Term Debt [Text Block] | NOTE 8 – LONG-TERM DEBT The components of notes payable are as follows:
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Senior Promissory Notes |  | $ | 6,000,000 |  |  | $ | 6,000,000 |
Less: unamortized debt discount |  |  | (858,370 | ) |  |  | (1,311,989 | )
Senior Promissory Notes payable |  | $ | 5,141,630 |  |  | $ | 4,688,011 |
Current portion of Senior Promissory Notes payable |  |  | - |  |  |  | - |
Senior Promissory Notes payable, less current portion |  |  | 5,141,630 |  |  |  | 4,688,011 |
Senior Promissory Notes payable |  | $ | 5,141,630 |  |  | $ | 4,688,011 |
For the three months ended September 30, 2024 and 2023, the Company recognized interest expense of $0 and $0, respectively, and $156,988 and $86,447, respectively, on the Senior Promissory Notes related to the amortization of debt issuance costs. For the nine months ended September 30, 2024 and 2023, the Company recognized interest expense of $0 and $0, respectively, and $453,619 and $257,765, respectively, on the Senior Promissory Notes related to the amortization of debt issuance costs.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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