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

6 Months Ended

Jun. 30, 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]

	Three Months Ended June 30,					Six Months Ended June 30,
	2023		2022			2023			2022
Revenue	$	-	$	566,862		$	-		$	566,862
Cost of revenue		-		540,921			74,223			861,327
Gross Profit				25,941			(74,223	)		(294,465	)
Operating expenses -
Salaries and benefits		-		378,431			484,249			613,278
Intangibles amortization		-		306,917			85,338			613,705
Stock based compensation, before forfeitures		-		170,629			65,487			252,839
Forfeiture of stock options		-		-			(407,322	)		-
Other operating expenses		-		237,460			134,633			389,126
Change in fair value of contingent consideration		-		(942,609	)		-			(930,000	)
Gain on disposal of business		-		-			(100,615	)		-
Loss before income tax benefit		-		(124,887	)		(335,993	)		(1,233,413	)
Income tax benefit		-		521,338			-			1,710,917
Net income (loss) on discontinued operations	$	-	$	396,451		$	(335,993	)	$	477,504

	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