v3.26.1
Note 9 - Financial Instruments Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

 

 

Fair Value Measurement on a Recurring Basis at Reporting Date Using1

 

 

 

Level-1 Inputs

 

 

Level-2 Inputs

 

 

Level-3 Inputs

 

 

Total

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

2024 Convertible Notes

 

$

 

 

$

 

 

$

25,200

 

 

$

25,200

 

Totals

 

$

 

 

$

 

 

$

25,200

 

 

$

25,200

 

 

 

Level-1 Inputs

 

 

Level-2 Inputs

 

 

Level-3 Inputs

 

 

Total

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

2024 Convertible Notes

 

$

 

 

$

 

 

$

24,000

 

 

$

24,000

 

Totals

 

$

 

 

$

 

 

$

24,000

 

 

$

24,000

 

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

 

 

2024 Convertible Notes:

 

 

2024 Convertible Notes:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Fair Value

 

$

25,200

 

 

$

24,000

 

Face value principal payable

 

$

21,975

 

 

$

21,975

 

Required rate of return

 

 

30.70

%

 

 

29.50

%

Conversion Price

 

$

1.00

 

 

$

1.00

 

Value of common stock

 

$

1.15

 

 

$

1.09

 

Expected term (years)

 

 

3.65

 

 

 

3.90

 

Volatility

 

 

40.00

%

 

 

40.00

%

Risk free rate

 

 

3.77

%

 

 

3.57

%

Dividend yield

 

 

%

 

 

%