Note 5 - Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Notes Tables |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | | 2025 | | | 2024 | |
| Current: | | | | | | | | |
| Federal | | $ | — | | | $ | — | |
| State income tax, net of federal benefit | | | 5,957 | | | | (29,422 | ) |
| Sub-total: | | | 5,957 | | | | (29,422 | ) |
| | | | | | | | | |
| Deferred: | | | | | | | | |
| Federal | | | — | | | | — | |
| State income tax, net of federal benefit | | | — | | | | — | |
| Sub-total: | | | — | | | | — | |
| Total | | $ | 5,957 | | | $ | (29,422 | ) |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | | Years Ended December 31, | |
| | | 2025 | |
| | | Amount | | | % | |
| U.S. Federal statutory tax rate | | $ | (670,844 | ) | | | 21.00 | % |
| State and local income tax, net of federal income tax effect | | | | | | | | |
| Georgia Income Tax Effect | | | 9,613 | | | | -0.30 | % |
| Texas Income Tax Effect | | | 14,216 | | | | -0.44 | % |
| California Income Tax Effect | | | 4,990 | | | | -0.16 | % |
| All Other States Income Tax Effect | | | 14,697 | | | | -0.46 | % |
| Change in State Valuation Allowance | | | 73,643 | | | | -2.31 | % |
| State Rate Change Adjustment | | | (134,713 | ) | | | 4.22 | % |
| State Return to Provision Adjustments | | | 23,511 | | | | -0.74 | % |
| Changes in Federal valuation allowance | | | (33,261 | ) | | | 1.04 | % |
| Nontaxable or nondeductible items | | | | | | | | |
| Disallowed interest | | | 673,785 | | | | -21.09 | % |
| Other | | | 1,192 | | | | -0.04 | % |
| Other adjustments | | | | | | | | |
| Return to Provision Adjustments | | | 29,128 | | | | -0.91 | % |
| Other, net | | | — | | | | 0.00 | % |
| Income tax expense (benefit) | | $ | 5,957 | | | | -0.19 | % |
| | | | | | | | | |
| | | Years Ended December 31, | |
| | | 2024 | |
| | | Amount | | | % | |
| U.S. Federal statutory tax rate | | $ | (967,073 | ) | | | 21.00 | % |
| State and local income tax, net of federal income tax effect | | | (117,832 | ) | | | 2.55 | % |
| Tax Credits - R&D | | | (80,589 | ) | | | 1.75 | % |
| Changes in valuation allowances | | | (24,376,664 | ) | | | 529.34 | % |
| Disallowed interest | | | 658,136 | | | | -14.29 | % |
| Other | | | 1,596 | | | | -0.03 | % |
| Deferred tax effects of state net operating loss true-ups | | | 24,853,004 | | | | -539.68 | % |
| Income tax expense (benefit) | | $ | (29,422 | ) | | | 0.64 | % |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | | December 31, | |
| | | 2025 | | | 2024 | |
| | | | | | | | | |
| Deferred Tax Assets (Liabilities): | | | | | | | | |
| Federal net operating loss carry-forwards | | $ | 19,202,216 | | | $ | 18,781,815 | |
| State net operating loss carry-forwards | | | 93,437 | | | | 76,054 | |
| Accrued interest | | | 871,968 | | | | 848,914 | |
| Stock based compensation | | | 1,019,669 | | | | 846,566 | |
| Intangible assets | | | (22,571 | ) | | | (18,450 | ) |
| Fixed assets | | | 17,513 | | | | 21,923 | |
| Accrued liabilities | | | 73,788 | | | | 126,457 | |
| Lease liabilities | | | 17,090 | | | | — | |
| Capitalized research expenses | | | — | | | | 554,946 | |
| Research and development credit carry-forward | | | 65,796 | | | | 80,589 | |
| Total deferred tax assets | | | 21,338,906 | | | | 21,318,814 | |
| Valuation allowance for deferred tax assets | | | (21,338,906 | ) | | | (21,318,814 | ) |
| Deferred tax assets, net of valuation allowance | | $ | — | | | $ | — | |
|