BIO-key International (BKYI) 10-Q14 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2024	Nov. 13, 2024
Document Information [Line Items]
Entity Central Index Key	0001019034
Entity Registrant Name	BIO KEY INTERNATIONAL INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-13463
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1741861
Entity Address, Address Line One	101 CRAWFORDS CORNER ROAD, SUITE 4116
Entity Address, City or Town	HOLMDEL
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07733
City Area Code	732
Local Phone Number	359-1100
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	BKYI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,127,049

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 1,801,137	$ 511,400
Accounts receivable, net	1,930,258	1,201,526
Due from factor	49,018	99,320
Inventory	386,944	445,740
Prepaid expenses and other	382,866	364,171
Total current assets	4,550,223	2,622,157
Equipment and leasehold improvements, net	162,551	220,177
Capitalized contract costs, net	430,596	229,806
Deposits and other assets	7,975	0
Operating lease right-of-use assets	73,637	36,905
Intangible assets, net	1,174,721	1,407,990
Total non-current assets	1,849,480	1,894,878
TOTAL ASSETS	6,399,703	4,517,035
LIABILITIES
Accounts payable	1,564,654	1,316,014
Accrued liabilities	1,254,415	1,305,848
Deferred revenue, current	719,846	414,968
Operating lease liabilities, current portion	24,545	37,829
Total current liabilities	5,870,007	3,213,389
Deferred revenue, long term	240,664	28,296
Deferred tax liability	22,998	22,998
Government loan – BBVA Bank – net of current portion	83,901	188,787
Operating lease liabilities, net of current portion	49,091	0
Total non-current liabilities	396,654	240,081
TOTAL LIABILITIES	6,266,661	3,453,470
Commitments and Contingencies
STOCKHOLDERS’ EQUITY
Common stock — authorized, 170,000,000 shares; issued and outstanding; 3,109,288 and 1,032,777 of $.0001 par value at September 30, 2024 and December 31, 2023, respectively	311	103
Additional paid-in capital	127,981,436	126,047,851
Accumulated other comprehensive loss	74,699	22,821
Accumulated deficit	(127,923,404)	(125,007,210)
TOTAL STOCKHOLDERS’ EQUITY	133,042	1,063,565
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	6,399,703	4,517,035
Senior Secured Promissory Note [Member]
LIABILITIES
Debt, current	2,164,693	0
Government Loan [Member]
LIABILITIES
Debt, current	$ 141,854	$ 138,730

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Common stock, shares authorized (in shares)	170,000,000	170,000,000
Common stock, shares issued (in shares)	3,109,288	1,032,777
Common stock, shares outstanding (in shares)	3,109,288	1,032,777
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Revenues	$ 2,144,804	$ 1,817,108	$ 5,467,293	$ 5,929,804
Costs and other expenses
Cost of Goods and Services Sold	465,110	1,476,604	1,027,025	4,402,989
Gross profit	1,679,694	340,504	4,440,268	1,526,815
Operating Expenses
Selling, general and administrative	1,607,925	1,776,305	5,332,764	5,851,201
Research, development and engineering	652,174	529,757	1,850,929	1,778,097
Total Operating Expenses	2,260,099	2,306,062	7,183,693	7,629,298
Operating loss	(580,405)	(1,965,558)	(2,743,425)	(6,102,483)
Other income (expense)
Interest income	2	5,917	53	5,944
Loss on foreign currency transactions	0	0	0	(15,000)
Loan fee amortization	(60,000)	0	(64,000)	0
Change in fair value of convertible note	0	167,283	0	264,706
Interest expense	(98,556)	(45,655)	(108,823)	(159,380)
Total other income (expense), net	(158,554)	127,545	(172,770)	96,270
Loss before provision for income tax	(738,959)	(1,838,013)	(2,916,195)	(6,006,213)
Provision for (income tax) tax benefit	0	189	0	(142,811)
Net loss	(738,959)	(1,837,824)	(2,916,195)	(6,149,024)
Comprehensive loss:
Net loss	(738,959)	(1,837,824)	(2,916,195)	(6,149,024)
Other comprehensive income (loss) – Foreign currency translation adjustment	89,933	35,364	51,878	127,394
Comprehensive loss	$ (649,026)	$ (1,802,460)	$ (2,864,317)	$ (6,021,630)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (0.39)	$ (3.22)	$ (1.69)	$ (10.79)
Weighted Average Common Shares Outstanding:
Basic and diluted (in shares)	1,889,694	570,753	1,726,716	569,882
Service [Member]
Revenues
Revenues	$ 267,371	$ 587,893	$ 764,062	$ 1,740,880
Costs and other expenses
Cost of Goods and Services Sold	110,723	125,039	322,957	639,996
License [Member]
Revenues
Revenues	1,441,011	950,015	4,165,669	3,764,342
Costs and other expenses
Cost of Goods and Services Sold	146,732	253,891	443,384	1,022,919
Hardware [Member]
Revenues
Revenues	436,422	279,200	537,562	424,582
Costs and other expenses
Cost of Goods and Services Sold	207,655	97,674	260,684	240,074
Hardware Reserve [Member]
Costs and other expenses
Cost of Goods and Services Sold	$ 0	$ 1,000,000	$ 0	$ 2,500,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Approximation [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2022		552,739
Balance at Dec. 31, 2022		$ 55	$ 122,029,476	$ (242,602)	$ (116,485,373)	$ 5,301,556
Issuance of common stock for directors’ fees (in shares)		855
Issuance of common stock for directors’ fees		$ 0	12,002	0		12,002
Issuance of common stock to employees		$ 0	4	0	0	4
Restricted stock forfeited (in shares)		(1,102)
Restricted stock forfeited		$ 0	3,105	0	0	3,105
Other comprehensive income (loss) – Foreign currency translation adjustment		0	0	72,146	0	72,146
Share-based compensation		0	62,474	0	0	62,474
Net loss		$ 0	0	0	(1,688,322)	(1,688,322)
Issuance of restricted common stock to employees and directors (in shares)		2,222
Net loss		$ 0	0	0	(1,688,322)	(1,688,322)
Balance (in shares) at Mar. 31, 2023		554,714
Balance at Mar. 31, 2023		$ 55	122,100,851	(170,456)	(118,173,695)	3,756,755
Restricted stock forfeited		$ 0	(3,105)	0	0	(3,105)
Balance (in shares) at Dec. 31, 2022		552,739
Balance at Dec. 31, 2022		$ 55	122,029,476	(242,602)	(116,485,373)	5,301,556
Other comprehensive income (loss) – Foreign currency translation adjustment						127,394
Net loss						(6,149,024)
Net loss						(6,149,024)
Balance (in shares) at Sep. 30, 2023		570,026
Balance at Sep. 30, 2023		$ 57	122,263,999	(115,208)	(122,634,397)	(485,549)
Balance (in shares) at Mar. 31, 2023		554,714
Balance at Mar. 31, 2023		$ 55	122,100,851	(170,456)	(118,173,695)	3,756,755
Issuance of common stock for directors’ fees (in shares)		1,286
Issuance of common stock for directors’ fees		$ 0	16,002	0	0	16,002
Restricted stock forfeited (in shares)		(799)
Other comprehensive income (loss) – Foreign currency translation adjustment		$ 0	0	19,884	0	19,884
Share-based compensation		0	57,831	0	0	57,831
Net loss		$ 0	0	0	(2,622,878)	(2,622,878)
Issuance of common stock for Employee stock purchase plan (in shares)		1,557
Issuance of common stock for Employee stock purchase plan		$ 0	13,934	0	0	13,934
Share based compensation for employee stock plan		0	3,563	0	0	3,563
Net loss		$ 0	0	0	(2,622,878)	(2,622,878)
Balance (in shares) at Jun. 30, 2023		556,758
Balance at Jun. 30, 2023		$ 55	122,192,181	(150,572)	(120,796,573)	1,245,091
Restricted stock forfeited		0	0	0	0	0
Restricted stock forfeited		$ 0	0	0	0	0
Issuance of common stock for directors’ fees (in shares)		937
Issuance of common stock for directors’ fees		$ 0	11,002	0	0	11,002
Issuance of common stock to employees		$ 2	(2)	0	0	0
Restricted stock forfeited (in shares)		(1,852)
Other comprehensive income (loss) – Foreign currency translation adjustment		$ 0	0	35,364	0	35,364
Share-based compensation		0	60,821	0	0	60,821
Net loss		$ 0	0	0	(1,837,824)	(1,837,824)
Issuance of restricted common stock to employees and directors (in shares)		14,183
Net loss		$ 0	0	0	(1,837,824)	(1,837,824)
Balance (in shares) at Sep. 30, 2023		570,026
Balance at Sep. 30, 2023		$ 57	122,263,999	(115,208)	(122,634,397)	(485,549)
Restricted stock forfeited		0	(3)	0	0	(3)
Restricted stock forfeited		$ 0	(3)	0	0	(3)
Balance (in shares) at Dec. 31, 2023		1,032,777
Balance at Dec. 31, 2023		$ 103	126,047,851	22,821	(125,007,210)	1,063,565
Issuance of common stock for directors’ fees (in shares)		4,287
Issuance of common stock for directors’ fees		$ 0	9,003	0		9,003
Issuance of common stock to employees		$ 0	0	0	0	0
Restricted stock forfeited (in shares)		(316)
Restricted stock forfeited		$ 0	0	0	0	0
Exercise of warrants (in shares)		777,666
Exercise of warrants		$ 78	1,322	0	0	1,400
Other comprehensive income (loss) – Foreign currency translation adjustment		0		(62,275)	0	(62,275)
Share-based compensation		0	47,790	0	0	47,790
Issuance costs		0	(13,470)	0	0	(13,470)
Net loss		0	0	0	(510,285)	(510,285)
Exercise of warrants		78	1,322	0	0	1,400
Net loss		$ 0	0	0	(510,285)	(510,285)
Balance (in shares) at Mar. 31, 2024		1,814,414
Balance at Mar. 31, 2024		$ 181	126,092,496	(39,454)	(125,517,495)	535,728
Restricted stock forfeited		$ 0	0	0	0	0
Balance (in shares) at Dec. 31, 2023		1,032,777
Balance at Dec. 31, 2023		$ 103	126,047,851	22,821	(125,007,210)	1,063,565
Other comprehensive income (loss) – Foreign currency translation adjustment						51,878
Net loss						(2,916,195)
Net loss						(2,916,195)
Balance (in shares) at Sep. 30, 2024		3,109,288
Balance at Sep. 30, 2024		$ 311	127,981,436	74,699	(127,923,404)	133,042
Balance (in shares) at Mar. 31, 2024		1,814,414
Balance at Mar. 31, 2024		$ 181	126,092,496	(39,454)	(125,517,495)	535,728
Issuance of common stock for directors’ fees		$ 48,315
Restricted stock forfeited (in shares)		(186)
Restricted stock forfeited		$ 0	0	0	0	0
Other comprehensive income (loss) – Foreign currency translation adjustment		0	0	24,220	0	24,220
Share-based compensation
Net loss	$ (1,666,950)	$ 0	0	0	(1,666,950)
Issuance of common stock for Employee stock purchase plan (in shares)		1,390
Issuance of common stock for Employee stock purchase plan		$ 1	1,938	0	0	1,939
Share based compensation for employee stock plan		0	456	0	0	456
Net loss	$ (1,666,950)	$ 0	0	0	(1,666,950)
Balance (in shares) at Jun. 30, 2024		1,815,618
Balance at Jun. 30, 2024		$ 182	126,143,205	(15,234)	(127,184,445)	(1,056,292)
Restricted stock forfeited		0	0	0	0	0
Issuance of common stock to employees		$ 17	(17)	0	0	0
Restricted stock forfeited (in shares)		(849)
Restricted stock forfeited		$ 0	0	0	0	0
Exercise of warrants (in shares)		1,030,556
Exercise of warrants		$ 103	1,906,425			1,906,528
Other comprehensive income (loss) – Foreign currency translation adjustment		0	0	89,933	0	89,933
Share-based compensation		0	66,053	0	0	66,053
Issuance costs
Net loss		$ 0	0	0	(738,959)	(738,959)
Issuance of restricted common stock to employees and directors (in shares)		168,963
Exercise of prefunded warrants (in shares)		95,000
Exercise of prefunded warrants		$ 9	162			171
Exercise of warrants		103	1,906,425			1,906,528
Issuance costs		(134,392)
Net loss		$ 0	0	0	(738,959)	(738,959)
Balance (in shares) at Sep. 30, 2024		3,109,288
Balance at Sep. 30, 2024		$ 311	127,981,436	74,699	(127,923,404)	133,042
Restricted stock forfeited		$ 0	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$ (2,916,195)	$ (6,149,024)
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation	69,115	38,213
Amortization of intangible assets	233,269	217,978
Change in fair value of convertible note	0	(264,706)
Amortization of capitalized contract costs	128,953	126,057
Amortization of Note Payable	64,000	0
Reserve for inventory	(98,875)	2,500,000
Operating leases right-of-use assets	(58,950)	146,890
Share and warrant-based compensation for employees and consultants	162,614	163,584
Stock based directors’ fees	9,003	39,006
Deferred income tax benefit	0	(20,000)
Bad debts	0	550,000
Change in assets and liabilities:
Accounts receivable	(398,753)	(434,989)
Due from factor	50,302	(13,072)
Capitalized contract costs	(329,743)	(107,336)
Deposits	(7,975)	0
Inventory	58,796	145,156
Prepaid expenses and other	(18,695)	(51,831)
Accounts payable	248,640	488,417
Accrued liabilities	(51,433)	327,131
Income taxes payable	0	62,811
Deferred revenue	517,246	128,253
Operating lease liabilities	(60,827)	(154,460)
Net cash used in operating activities	(2,399,508)	(2,261,922)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(23,047)	0
Net cash used in investing activities	(23,047)	0
CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from Note Payable	2,000,000	0
Offering costs	(147,862)	(25,434)
Proceeds for exercise of warrants	1,908,099	0
Receipt of cash from Employee stock purchase plan	1,939	13,934
Repayment of government loan	(101,762)	(113,885)
Net cash used in financing activities	3,660,414	(125,385)
Effect of exchange rate changes	51,878	58,871
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,289,737	(2,328,436)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	511,400	2,635,522
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,801,137	307,086
Cash paid for:
Interest	$ 8,130	$ 159,379

Note 1 - Nature of Business and

Note 1 - Nature of Business and Basis of Presentation	9 Months Ended
Note 1 - Nature of Business and Basis of Presentation	Sep. 30, 2024
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	1. NATURE OF BUSINESS AND BASIS OF PRESENTATION Nature of Business The Company, founded in 1993, Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements include the accounts of BIO-key International, Inc. and its wholly-owned subsidiaries (collectively, the “Company” or “BIO-key”) and are stated in conformity with accounting principles generally accepted in the United States of America (“GAAP”), pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The operating results for interim periods are not may In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all necessary adjustments, consisting only of those of a recurring nature, and disclosures to present fairly the Company’s financial position and the results of its operations and cash flows for the periods presented. The balance sheet at September 30, 2024 not 10 December 31, 2023 June 5, 2024. Foreign Currencies The Company accounts for foreign currency transactions pursuant to ASC 830, Foreign Currency Matters 830” 830, Recently Issued Accounting Pronouncements Effective January 1, 2023, 2016 13, Financial Instruments-Credit Losses 326 2016 13, not 2016 13 2016 13 no not may not 2016 13. 2016 13 In August 2020, 2020 06, Debt with Conversion and Other Options (Subtopic 470 20 s Own Equity (Subtopic 815 40 2020 06” 2020 06 2020 06 2020 06 January 1, 2024 2016 13 not Management does not not

Note 2 - Going Concern

Note 2 - Going Concern	9 Months Ended
Note 2 - Going Concern	Sep. 30, 2024
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	2. GOING CONCERN The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which contemplate continuation of the Company as a going concern, and assumes continuity of operations, realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has suffered substantial net losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations all of which raise substantial doubt about the Company’s ability to continue as a going concern. Recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon the Company’s ability to increase its revenue and meet its financing requirements on a continuing basis and become profitable in its future operations. The accompanying consolidated financial statements do not As of the date of this report, the Company does not twelve

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	9 Months Ended
Note 3 - Revenue From Contracts With Customers	Sep. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3. REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the three September 30, 2024 September 30, 2023 North September 30, America Africa EMESA* Asia 2024 Services $ 188,181 $ 34,753 $ 44,437 $ - $ 267,371 License fees 738,838 223,703 478,470 - 1,441,011 Hardware 52,897 - 361,525 22,000 436,422 Total Revenues $ 979,916 $ 258,456 $ 884,432 $ 22,000 $ 2,144,804 North September 30, America Africa EMESA* Asia 2023 Services $ 294,581 $ 26,009 $ 267,303 $ - $ 587,893 License fees 426,059 - 523,956 - 950,015 Hardware 48,057 - 231,143 - 279,200 Total Revenues $ 768,697 $ 26,009 $ 1,022,402 $ - $ 1,817,108 The following table summarizes revenue from contracts with customers for the nine September 30, 2024 September 30, 2023 North September 30, America Africa EMESA* Asia 2024 Services $ 618,421 $ 98,430 $ 47,211 $ - $ 764,062 License fees 1,797,707 1,490,255 877,707 - 4,165,669 Hardware 140,598 - 361,764 35,200 537,562 Total Revenues $ 2,556,726 $ 1,588,685 $ 1,286,682 $ 35,200 $ 5,467,293 North September 30, America Africa EMESA* Asia 2023 Services $ 840,045 $ 75,806 $ 812,654 $ 12,375 $ 1,740,880 License fees 1,614,971 552,630 1,526,091 70,650 3,764,342 Hardware 134,390 - 278,292 11,900 424,582 Total Revenues $ 2,589,406 $ 628,436 $ 2,617,037 $ 94,925 $ 5,929,804 *EMESA – Europe, Middle East, South America Deferred Revenue Deferred revenue includes customer advances and amounts that have been paid by customer for which the contractual maintenance terms have not 12 September 30, 2024 December 31, 2023 three nine September 30, 2024 three nine September 30, 2023

Note 4 - Accounts Receivable

Note 4 - Accounts Receivable	9 Months Ended
Note 4 - Accounts Receivable	Sep. 30, 2024
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. ACCOUNTS RECEIVABLE Accounts receivable are carried at original amount less an estimate made for credit losses based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for credit losses by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, current economic conditions and other relevant factors, including specific reserves for certain accounts. Accounts receivable are written off when deemed uncollectible. Accounts receivable at September 30, 2024 December 31, 2023 September 30, December 31, 2024 2023 Accounts receivable $ 2,606,064 $ 2,207,311 Allowance for credit losses (675,806 ) (1,005,785 ) Accounts receivable, net of allowances for credit losses $ 1,930,258 $ 1,201,526 Bad debt expenses are recorded in selling, general, and administrative expense.

Note 5 - Share Based Compensati

Note 5 - Share Based Compensation	9 Months Ended
Note 5 - Share Based Compensation	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	5. SHARE BASED COMPENSATION The following table presents share-based compensation expenses included in the Company’s unaudited condensed interim consolidated statements of operations: Three Months Ended September 30, 2024 2023 Selling, general and administrative $ 53,117 $ 56,414 Research, development and engineering 12,936 48,758 $ 66,053 $ 105,172 Nine Months Ended September 30, 2024 2023 Selling, general and administrative $ 140,142 $ 171,833 Research, development and engineering 31,475 48,758 $ 171,617 $ 220,591

Note 6 - Inventory

Note 6 - Inventory	9 Months Ended
Note 6 - Inventory	Sep. 30, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	6. INVENTORY Inventory is stated at the lower of cost, determined on a first first September 30, 2024 December 31, 2023 September 30, December 31, 2024 2023 Finished goods $ 4,220,416 $ 4,373,056 Fabricated assemblies 54,153 59,184 Reserve on finished goods (3,887,625 ) (3,986,500 ) Total inventory $ 386,944 $ 445,740

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	9 Months Ended
Note 7 - Commitments and Contingencies	Sep. 30, 2024
Notes to Financial Statements
Commitments Disclosure [Text Block]	7. COMMITMENTS AND CONTINGENCIES Distribution Agreement Swivel Secure has a distribution agreement with Swivel Secure Limited (“SSL”). Terms of the agreement include the following: 1. The initial term of the agreement ends on January 31, 2027 one not 30 not 2. SSL appoints Swivel Secure as the exclusive distributor of SSL’s products, to market, sell and distribute in the EMEA (Europe, Middle East and Africa), excluding the United Kingdom and Republic of Ireland, for a defined discount on the sale price. 3. Swivel Secure is expected to generate a certain minimum level of orders of SSL products each year during the term of the agreement. If Swivel Secure fails to meet such minimum level of orders in any year, the exclusive distribution rights will terminate and Swivel Secure will serve as a non-exclusive distributer of SSL Products. The Company expects the revenue targets to continue to be met based on historical performance and increasing distribution by Swivel Secure. Litigation From time to time, the Company may September 30, 2024 not

Note 8 - Leases

Note 8 - Leases	9 Months Ended
Note 8 - Leases	Sep. 30, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	8. LEASES The Company’s leases office space in New Jersey, Minnesota, New Hampshire, Madrid and Hong-Kong with lease termination dates in 2024. August 11, 2023, one September 1, 2023 3 Months ended 3 Months ended September 30, September 30, 2024 2023 Lease cost Total lease cost $ 9,702 $ 34,145 9 Months ended 9 Months ended September 30, September 30, 2024 2023 Lease cost Total lease cost $ 38,808 $ 145,828 September 30, December 31, Balance sheet information 2024 2023 Operating right-of-use assets $ 73,636 $ 36,905 Operating lease liabilities, current portion $ 24,545 $ 37,829 Operating lease liabilities, non-current portion 49,091 0 Total operating lease liabilities $ 73,636 $ 37,829 Weighted average remaining lease term (in years) – operating leases 3.00 0.67 Weighted average discount rate – operating leases 5.50 % 5.50 % Cash paid for amounts included in the measurement of operating lease liabilities for the nine months ended September 30, 2024 and 2023: $ 51,950 $ 213,783 Maturities of operating lease liabilities were as follows as of September 30, 2024 2024 (3 months remaining) $ 6,978 2025 28,191 2026 29,262 2027 22,473 Total future lease payments $ 86,904 Less: imputed interest (13,268 ) Total $ 73,636

Note 9 - Note Payable

Note 9 - Note Payable	9 Months Ended
Note 9 - Note Payable	Sep. 30, 2024
Notes to Financial Statements
Long-Term Debt [Text Block]	9. N OTE PAYABLE Note Purchase Agreement dated June 24, 2024 On June 24, 2024, “2024 2024 2024 2024 eighteen 2024 nine 2024 seven six 2024 three 3 not 2024 fifth 5th one 2024 2024 forty 2024 The 2024 may ( twenty two 2024 fifteen 2024 five 2024 not twenty five The Company received gross proceeds of approximately $1.9 million in connection with a financing transaction (see Note 12. 3. 2024 October 1, 2024, 2024

Note 10 - Convertible Note Paya

Note 10 - Convertible Note Payable	9 Months Ended
Note 10 - Convertible Note Payable	Sep. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	10. CONVERTIBLE NOTE PAYABLE Securities Purchase Agreement dated December 22, 2022 On December 22, 2022, The principal amount of the Note was due six one six six seven In connection with the issuance of the Note, the Company issued to the investor 38,889 shares of Common Stock (the “Commitment Shares”) valued at $18.00 per share and a warrant (the “Warrant”) to purchase 11,112 shares of common stock (the “Warrant Shares”) at an exercise price of $54.00 per share, exercisable commencing on the date of issuance with a term of five On October 31, 2023, December 21, 2023 As of December 31, 2023

Note 11 - Earnings (Loss) Per S

Note 11 - Earnings (Loss) Per Share - Common Stock ("EPS")	9 Months Ended
Note 11 - Earnings (Loss) Per Share - Common Stock ("EPS")	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	11. EARNINGS (LOSS) PER SHARE - COMMON STOCK (“EPS”) The Company’s basic EPS is calculated using net income (loss) available to common shareholders and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock, such as stock issuable pursuant to the exercise of stock options and warrants and the assumed conversion of preferred stock. The following table sets forth options and warrants which were excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares: Three Months ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Stock options 3,007 9,266 3,007 9,266 Warrants 2,739,362 207,234 2,739,362 270,234 Total 2,742,369 216,500 2,742,369 279,500

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity	9 Months Ended
Note 12 - Stockholders' Equity	Sep. 30, 2024
Notes to Financial Statements
Equity [Text Block]	12. STOCKHOLDERS’ EQUITY Issuances of Common Stock During the nine September 30, 2024 2023 not 12. On June 18, 2021, first may June 17, 2031. June 28, 2024, June 30, 2023, Issuances of Restricted Stock Restricted stock consists of shares of common stock that are subject to restrictions on transfer and risk of forfeiture until the fulfillment of specified conditions. The fair value of nonvested shares is determined based on the market price of the Company's common stock on the grant date. Nonvested stock is expensed ratably over the term of the restriction period. During the nine September 30, 2024 2023 three During the nine September 30, 2024 2023 Share based compensation for the nine September 30, 2024 2023 Issuances to Directors During the nine September 30, 2024 2023 Employees ’ exercise options During the nine September 30, 2024 2023 no 3. During the nine September 30, 2024, October 30, 2023. 1,030,556 1,030,556 five There were no nine September 31, 2023. There were 911,672 nine September 30, 2024.

Note 13 - Fair Values of Financ

Note 13 - Fair Values of Financial Instruments	9 Months Ended
Note 13 - Fair Values of Financial Instruments	Sep. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	13. FAIR VALUES OF FINANCIAL INSTRUMENTS Cash and cash equivalents, accounts receivable, due from factor, accounts payable and accrued liabilities are carried at, or approximate, fair value because of their short-term nature. The carrying value of the Company’s government loan payable approximates fair value as the interest rate related to the financial instruments approximated market.

Note 14 - Major Customers and A

Note 14 - Major Customers and Accounts Receivable	9 Months Ended
Note 14 - Major Customers and Accounts Receivable	Sep. 30, 2024
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	14. MAJOR CUSTOMERS During each of the three September 30, 2024 2023 nine September 30, 2024 2023 one Four September 30, 2024 December 31, 2023

Note 15 - Income Taxes

Note 15 - Income Taxes	9 Months Ended
Note 15 - Income Taxes	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. INCOME TAXES United States, Hong Kong and Nigeria The Company recorded no three nine September 30, 2024 2023 zero As of September 30, 2024 December 31, 2023 not not Spain Due to the current loss for the nine September 30, 2024 not

Note 16 - Subsequent Events

Note 16 - Subsequent Events	9 Months Ended
Note 16 - Subsequent Events	Sep. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	16 SUBSEQUENT EVENTS On November 7, 2024, three November 7, 2024, The Company has reviewed subsequent events through the date of this filing.

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. During the nine September 30, 2024 none 16a 1 1934, 10b5 1 10b5 1 408
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	9 Months Ended
Note 3 - Revenue From Contracts With Customers (Tables)	Sep. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	North September 30, America Africa EMESA* Asia 2024 Services $ 188,181 $ 34,753 $ 44,437 $ - $ 267,371 License fees 738,838 223,703 478,470 - 1,441,011 Hardware 52,897 - 361,525 22,000 436,422 Total Revenues $ 979,916 $ 258,456 $ 884,432 $ 22,000 $ 2,144,804 North September 30, America Africa EMESA* Asia 2023 Services $ 294,581 $ 26,009 $ 267,303 $ - $ 587,893 License fees 426,059 - 523,956 - 950,015 Hardware 48,057 - 231,143 - 279,200 Total Revenues $ 768,697 $ 26,009 $ 1,022,402 $ - $ 1,817,108 North September 30, America Africa EMESA* Asia 2024 Services $ 618,421 $ 98,430 $ 47,211 $ - $ 764,062 License fees 1,797,707 1,490,255 877,707 - 4,165,669 Hardware 140,598 - 361,764 35,200 537,562 Total Revenues $ 2,556,726 $ 1,588,685 $ 1,286,682 $ 35,200 $ 5,467,293 North September 30, America Africa EMESA* Asia 2023 Services $ 840,045 $ 75,806 $ 812,654 $ 12,375 $ 1,740,880 License fees 1,614,971 552,630 1,526,091 70,650 3,764,342 Hardware 134,390 - 278,292 11,900 424,582 Total Revenues $ 2,589,406 $ 628,436 $ 2,617,037 $ 94,925 $ 5,929,804

Note 4 - Accounts Receivable (T

Note 4 - Accounts Receivable (Tables)	9 Months Ended
Note 4 - Accounts Receivable (Tables)	Sep. 30, 2024
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, December 31, 2024 2023 Accounts receivable $ 2,606,064 $ 2,207,311 Allowance for credit losses (675,806 ) (1,005,785 ) Accounts receivable, net of allowances for credit losses $ 1,930,258 $ 1,201,526

Note 5 - Share Based Compensa_2

Note 5 - Share Based Compensation (Tables)	9 Months Ended
Note 5 - Share Based Compensation (Tables)	Sep. 30, 2024
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended September 30, 2024 2023 Selling, general and administrative $ 53,117 $ 56,414 Research, development and engineering 12,936 48,758 $ 66,053 $ 105,172 Nine Months Ended September 30, 2024 2023 Selling, general and administrative $ 140,142 $ 171,833 Research, development and engineering 31,475 48,758 $ 171,617 $ 220,591

Note 6 - Inventory (Tables)

Note 6 - Inventory (Tables)	9 Months Ended
Note 6 - Inventory (Tables)	Sep. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2024 2023 Finished goods $ 4,220,416 $ 4,373,056 Fabricated assemblies 54,153 59,184 Reserve on finished goods (3,887,625 ) (3,986,500 ) Total inventory $ 386,944 $ 445,740

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	9 Months Ended
Note 8 - Leases (Tables)	Sep. 30, 2024
Notes Tables
Lessee, Operating Lease, Costs, Assets and Liabilities [Table Text Block]	3 Months ended 3 Months ended September 30, September 30, 2024 2023 Lease cost Total lease cost $ 9,702 $ 34,145 9 Months ended 9 Months ended September 30, September 30, 2024 2023 Lease cost Total lease cost $ 38,808 $ 145,828 September 30, December 31, Balance sheet information 2024 2023 Operating right-of-use assets $ 73,636 $ 36,905 Operating lease liabilities, current portion $ 24,545 $ 37,829 Operating lease liabilities, non-current portion 49,091 0 Total operating lease liabilities $ 73,636 $ 37,829 Weighted average remaining lease term (in years) – operating leases 3.00 0.67 Weighted average discount rate – operating leases 5.50 % 5.50 % Cash paid for amounts included in the measurement of operating lease liabilities for the nine months ended September 30, 2024 and 2023: $ 51,950 $ 213,783 2024 (3 months remaining) $ 6,978 2025 28,191 2026 29,262 2027 22,473 Total future lease payments $ 86,904 Less: imputed interest (13,268 ) Total $ 73,636

Note 11 - Earnings (Loss) Per_2

Note 11 - Earnings (Loss) Per Share - Common Stock ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Stock options 3,007 9,266 3,007 9,266 Warrants 2,739,362 207,234 2,739,362 270,234 Total 2,742,369 216,500 2,742,369 279,500

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts With Customers (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Contract with Customer, Liability	$ 961,000		$ 961,000		$ 443,000
Contract with Customer, Liability, Revenue Recognized	$ 51,000	$ 482,000	$ 67,000	$ 402,000
Minimum [Member]
Capitalized Contract Cost, Amortization Period (Month)	12 months		12 months
Maximum [Member]
Capitalized Contract Cost, Amortization Period (Month)	60 months		60 months

Note 3 - Revenue From Contrac_4

Note 3 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues		$ 2,144,804	$ 1,817,108	$ 5,467,293	$ 5,929,804
Service [Member]
Revenues		267,371	587,893	764,062	1,740,880
License [Member]
Revenues		1,441,011	950,015	4,165,669	3,764,342
Hardware [Member]
Revenues		436,422	279,200	537,562	424,582
North America [Member]
Revenues		979,916	768,697	2,556,726	2,589,406
North America [Member] \| Service [Member]
Revenues		188,181	294,581	618,421	840,045
North America [Member] \| License [Member]
Revenues		738,838	426,059	1,797,707	1,614,971
North America [Member] \| Hardware [Member]
Revenues		52,897	48,057	140,598	134,390
Africa [Member]
Revenues		258,456	26,009	1,588,685	628,436
Africa [Member] \| Service [Member]
Revenues		34,753	26,009	98,430	75,806
Africa [Member] \| License [Member]
Revenues		223,703	0	1,490,255	552,630
Africa [Member] \| Hardware [Member]
Revenues		0	0	0	0
EMESA [Member]
Revenues	[1]	884,432	1,022,402	1,286,682	2,617,037
EMESA [Member] \| Service [Member]
Revenues	[1]	44,437	267,303	47,211	812,654
EMESA [Member] \| License [Member]
Revenues	[1]	478,470	523,956	877,707	1,526,091
EMESA [Member] \| Hardware [Member]
Revenues	[1]	361,525	231,143	361,764	278,292
Asia [Member]
Revenues		22,000	0	35,200	94,925
Asia [Member] \| Service [Member]
Revenues		0	0	0	12,375
Asia [Member] \| License [Member]
Revenues		0	0	0	70,650
Asia [Member] \| Hardware [Member]
Revenues		$ 22,000	$ 0	$ 35,200	$ 11,900

[1]EMESA – Europe, Middle East, South America

Note 4 - Accounts Receivable -

Note 4 - Accounts Receivable - Summary of Accounts Receivable (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Accounts receivable	$ 2,606,064	$ 2,207,311
Allowance for credit losses	(675,806)	(1,005,785)
Accounts receivable, net of allowances for credit losses	$ 1,930,258	$ 1,201,526

Note 5 - Share Based Compensa_3

Note 5 - Share Based Compensation - Expenses for Continuing Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based compensation expense	$ 66,053	$ 105,172	$ 171,617	$ 220,591
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	53,117	56,414	140,142	171,833
Research and Development Expense [Member]
Share-based compensation expense	$ 12,936	$ 48,758	$ 31,475	$ 48,758

Note 6 - Inventory (Details Tex

Note 6 - Inventory (Details Textual)	Sep. 30, 2024 USD ($)
NIGERIA
Inventory Valuation Reserves	$ 3,200,000

Note 6 - Inventory - Components

Note 6 - Inventory - Components of Inventory (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Finished goods	$ 4,220,416	$ 4,373,056
Fabricated assemblies	54,153	59,184
Reserve on finished goods	(3,887,625)	(3,986,500)
Total inventory	$ 386,944	$ 445,740

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual)	Aug. 11, 2023
Office Space in New Jersey [Member]
Lessee, Operating Lease, Term of Contract (Year)	1 year

Note 8 - Leases - Operating Lea

Note 8 - Leases - Operating Lease Balance Sheet Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Total lease cost	$ 9,702	$ 34,145	$ 38,808	$ 145,828
Operating lease right-of-use assets	73,637		73,637		$ 36,905
Operating lease liabilities, current portion	24,545		24,545		37,829
Operating lease liabilities, non-current portion	49,091		49,091		$ 0
Total operating lease liabilities	$ 73,636		$ 73,636
Weighted average remaining lease term (in years) – operating leases (Year)	3 years		3 years		8 months 1 day
Weighted average discount rate – operating leases	5.50%		5.50%		5.50%
Cash paid for amounts included in the measurement of operating lease liabilities for the nine months ended September 30, 2024 and 2023:			$ 51,950		$ 213,783
2024 (3 months remaining)	$ 6,978		6,978
2025	28,191		28,191
2026	29,262		29,262
2027	22,473		22,473
Total future lease payments	86,904		86,904
Less: imputed interest	(13,268)		(13,268)
Total	73,636		73,636
Approximation [Member]
Operating lease right-of-use assets	73,636		73,636		36,905
Total operating lease liabilities	73,636		73,636		37,829
Total	$ 73,636		$ 73,636		$ 37,829

Note 9 - Note Payable (Details

Note 9 - Note Payable (Details Textual) - USD ($)			9 Months Ended
Note 9 - Note Payable (Details Textual) - USD ($)	Oct. 01, 2024	Jun. 24, 2024	Sep. 30, 2024	Sep. 30, 2023
Proceeds from Debt, Net of Issuance Costs			$ 2,000,000	$ 0
Warrant Inducement Agreement [Member]
Proceeds from Issuance of Warrants			$ 1,900,000
The 2024 Note [Member] \| Senior Secured Promissory Note [Member]
Debt Instrument, Face Amount		$ 2,360,000
Debt Instrument, Unamortized Discount		350,000
Payments of Financing Costs		10,000
Proceeds from Debt, Net of Issuance Costs		$ 2,000,000
Debt Instrument, Term (Month)		18 months
Debt Instrument, Interest Rate, Stated Percentage		9%
Debt Instrument, Exit Fee Percentage		7%
Debt Instrument, Redemption Amount		$ 270,000
Debt Instrument, Reduction in Outstanding Balance at The End Of Each Month		$ 270,000
Debt Instrument, Mandatory Prepayment, Percentage		40%
The 2024 Note [Member] \| Senior Secured Promissory Note [Member] \| Subsequent Event [Member]
Debt Instrument, Percentage of Proceeds Repaid	40%
Repayments of Debt	$ 762,600
The 2024 Note [Member] \| Senior Secured Promissory Note [Member] \| Debt Instrument, Event of Default [Member]
Debt Instrument, Interest Rate, Stated Percentage		22%
Debt Instrument, Increase (Decrease), Percentage		1%
Debt Instrument Interest Rate, MajorTrigger Event			15%
The 2024 Note [Member] \| Senior Secured Promissory Note [Member] \| Maximum [Member]
Debt Instrument, Redemption Amount		$ 270,000
The 2024 Note [Member] \| Senior Secured Promissory Note [Member] \| Maximum [Member] \| Debt Instrument, Event of Default [Member]
Debt Instrument, Interest Rate, Stated Percentage			25%
The 2024 Note [Member] \| Senior Secured Promissory Note [Member] \| Minimum [Member] \| Debt Instrument, Event of Default [Member]
Debt Instrument Interest Rate, Minor Trigger Event			5%

Note 10 - Convertible Note Pa_2

Note 10 - Convertible Note Payable (Details Textual) - USD ($)				9 Months Ended
	Dec. 21, 2023	Oct. 31, 2023	Dec. 22, 2022	Sep. 30, 2024	Sep. 30, 2023
Proceeds from Debt, Net of Issuance Costs				$ 2,000,000	$ 0
Class of Warrant or Right, Issued During Period (in shares)					0
Warrants and Rights Outstanding, Term (Year)				5 years
Warrants Issued in Connection with Convertible Notes [Member]
Class of Warrant or Right, Issued During Period (in shares)			11,112
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)			$ 54
Warrants and Rights Outstanding, Term (Year)			5 years
Warrants and Rights Outstanding			$ 94,316
The Note [Member]
Repayments of Notes Payable	$ 800,000	$ 1,400,000
The Note [Member] \| Senior Secured Promissory Note [Member]
Debt Instrument, Face Amount			2,200,000
Proceeds from Debt, Net of Issuance Costs			$ 2,002,000
Debt Instrument, Interest Rate, Stated Percentage			10%	12%
Stock Issued During Period, Shares, Commitment Fees (in shares)			38,889
Shares Issued, Price Per Share (in dollars per share)			$ 18

Note 11 - Earnings (Loss) Per_3

Note 11 - Earnings (Loss) Per Share - Common Stock ("EPS") - Securities Excluded From the Diluted Per Share Calculation (Details) - Exercise Price Greater Than Average Market Price Of Common Shares [Member] - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive securities (in shares)	2,742,369	216,500	2,742,369	279,500
Share-Based Payment Arrangement, Option [Member]
Antidilutive securities (in shares)	3,007	9,266	3,007	9,266
Warrant [Member]
Antidilutive securities (in shares)	2,739,362	207,234	2,739,362	270,234

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity (Details Textual) - USD ($)				3 Months Ended						9 Months Ended
Note 12 - Stockholders' Equity (Details Textual) - USD ($)	Jun. 28, 2024	Jun. 30, 2023	Jun. 18, 2021	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Expense				$ 66,053			$ 105,172			$ 171,617	$ 220,591
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture						$ 9,003	$ 11,002	$ 16,002	$ 12,002
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)										0	0
Warrants and Rights Outstanding, Term (Year)				5 years						5 years
Class of Warrant or Right, Issued During Period (in shares)											0
Warrant Inducement Agreement [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)				1,030,556						1,030,556
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)				$ 1.85						$ 1.85
Proceeds from Issuance of Warrants										$ 1,900,000
Series A Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)				1,030,556						1,030,556
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)				$ 1.85						$ 1.85
Series B Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)				1,030,556						1,030,556
Pre-Funded Warrants [Member]
Total Warrants Exercised (in shares)										911,672
Common Stock [Member]
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares)					1,390			1,557
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)				168,963			14,183		2,222
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited (in shares)				849	186	316	1,852	799	1,102
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)						4,287	937	1,286	855
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture					$ 48,315	$ 0	$ 0	$ 0	$ 0
Common Stock [Member] \| Director [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)										4,287	3,078
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture										$ 9,003	$ 39,006
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense										$ 171,617	$ 220,591
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)										168,963	16,404
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)										3 years	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Granted in Period, Fair Value										$ 244,996	$ 31,200
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited (in shares)										1,351	2,650
Employee Stock Purchase Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)			43,334
Share-Based Compensation Arrangement by Share-Based Payment Award, Purchase Price of Common Stock, Percent			85%
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares)	1,390	1,557
Share-Based Payment Arrangement, Expense	$ 456	$ 3,563

Note 14 - Major Customers and_2

Note 14 - Major Customers and Accounts Receivable (Details Textual) - Customer Concentration Risk [Member]	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Revenue Benchmark [Member] \| Three Customers [Member]
Concentration Risk, Number of Major Customers	3
Concentration Risk, Percentage	47%
Revenue Benchmark [Member] \| Two Customers [Member]
Concentration Risk, Number of Major Customers		2		2
Concentration Risk, Percentage		33%		23%
Revenue Benchmark [Member] \| One Customer [Member]
Concentration Risk, Number of Major Customers			1
Concentration Risk, Percentage			29%
Accounts Receivable [Member] \| One Customer [Member]
Concentration Risk, Number of Major Customers					1
Concentration Risk, Percentage					35%
Accounts Receivable [Member] \| Four Customers [Member]
Concentration Risk, Number of Major Customers		4
Concentration Risk, Percentage			65%

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($) Pure in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Expense (Benefit)	$ 0	$ (189)	$ 0	$ 142,811
United States, Hong Kong, and Nigeria [Member]
Income Tax Expense (Benefit)	$ 0	$ 0	$ 0	$ 0
Effective Income Tax Rate Reconciliation, Percent	0%	0%	0%	0%
SPAIN
Income Tax Expense (Benefit)			$ 0

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual) - $ / shares		9 Months Ended
Note 16 - Subsequent Events (Details Textual) - $ / shares	Nov. 07, 2024	Sep. 30, 2024	Sep. 30, 2023
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		3 years	3 years
Director [Member] \| Subsequent Event [Member]
Stock Issued During Period, Shares, New Issues (in shares)	7,761
Director [Member] \| Subsequent Event [Member] \| Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Shares Issued, Price Per Share (in dollars per share)	$ 1.16
New Employees [Member] \| Subsequent Event [Member] \| Restricted Stock [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)	10,000
Shares Issued, Price Per Share (in dollars per share)	$ 1.16