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Note 4 - Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Related Party Transactions [Table Text Block]
 

Maturity

Date

 

Stated

Interest

Rate

  

Conversion

Price

  

Face

Value

  

Debt

Discount

  

Carrying

Value

 

June 30, 2022

3/6/2023

  22% $0.28  $7,000,000  $(1,733,000) $5,267,000 

December 31, 2021

3/6/2022

  22% $1.80  $10,000,000  $(755,000) $9,245,000 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
  

Before

  

After

 

Conversion Price

 $1.80  $0.64 

Term (in years)

  0.02   0.02 

Volatility

  39.53%  39.53%

Dividend rate

  0%  0%

Risk free rate

  1.97%  1.97%
  

Before

  

After

 

Conversion Price

 $0.64  $0.28 

Term (in years)

  0.69   0.69 

Volatility

  85.6%  85.6%

Dividend rate

  0%  0%

Risk free rate

  3.2%  3.2%