Note 2 - Sale and Deconsolidation of GMI and Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

Disposal Groups, Including Discontinued Operations, Consideration Received [Table Text Block]

Consideration	Amount		Description and Valuation Methodology
Cash at closing	$	935,974	Cash received at closing less estimated value of transition services to be provided.
Cash after closing		133,148	Actual cash operating expenses of GMI from March 1 through March 17, 2023 (prior to the transfer of GMI to GMDC)
GMDC common stock		581,000	Based on Series A preferred stock issuance to other GMDC investors for $3,000,000 in cash and application of an option pricing model backsolve method and a minority interest discount to estimate the fair value of the common shares of GMDC.
Contingent payments		682,000	Estimated by applying a discount rate of 40.8% to the projected cash receipts expected over the 7-year horizon. (See Note 5)
Total consideration	$	2,332,122

Disposal Groups, Including Discontinued Operations [Table Text Block]

	2023			2022
Costs of customer contract fulfillment	$	74,223		$	320,405
Operating expenses -
Salaries and benefits		484,249			234,848
Intangibles amortization		85,338			306,789
Stock based compensation, before forfeitures		65,487			82,210
Forfeitures of stock option		(407,322	)		-
Other operating expenses		134,633			151,666
Change in fair value of contingent consideration		-			12,609
Gain on sale of GMI		(100,615	)		-
Loss before income tax benefit		(335,993	)		(1,108,527	)
Income tax benefit		-			1,189,579
Net (loss) income on discontinued operations	$	(335,993	)	$	81,052

	December 31, 2022
Customer relationship intangible asset, net of amortization	$	1,057,722
Technology intangible asset, net of amortization		760,698
Capitalized software development costs		498,425
Total assets of discontinued operations	$	2,316,845