v3.26.1
Note 1 - Organization and Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

For the Year Ending December 31, 2024 (Restated)

Additional

Preferred Stock

Common Stock

Paid in

Accumulated

Shares

Amount

Shares

Amount

Capital

Earnings

Total

Balance, December 31, 2023

-

$

-

11,107,230

$

1,109

$

31,957,765

$

10,912,833

$

42,871,707

Stock options exercised

-

-

2,500

1

10,749

-

10,750

Stock reserved for future services

-

-

-

-

139,999

-

139,999

Net income

-

-

-

-

-

468,196

468,196

Balance, March 31, 2024

-

-

11,109,730

1,110

32,108,513

11,381,029

43,490,652

Stock options exercised

-

-

2,500

1

9,400

-

9,401

Stock reserved for future services

-

-

-

-

212,004

-

212,004

Net income

-

-

-

-

-

1,200,728

1,200,728

Balance, June 30, 2024

-

-

11,112,230

1,111

32,329,917

12,581,757

44,912,785

RSUs issued (stock for services)

-

-

130,695

13

-

-

13

Stock reserved for future services

-

-

-

-

156,002

-

156,002

Net income

-

-

-

-

-

583,101

583,101

Balance, September 30, 2024

-

-

11,242,925

1,124

32,485,919

13,164,858

45,651,901

RSUs issued (stock for services)

-

-

12,784

1

-

-

1

Stock reserved for future services

-

-

-

-

429,193

-

429,193

Net income

-

-

-

-

-

(888,344

)

(888,344

)

Balance, December 31, 2024

-

$

-

$

11,255,709

$

1,125

$

32,915,112

$

12,276,514

$

45,192,751

Disaggregation of Revenue [Table Text Block]

 

 

Three Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Commercial

 

 

Government

 

 

International

 

 

Total

 

 

Commercial

 

 

Government

 

 

International

 

 

Total

 

Simulators and accessories

 

$

64,444

 

 

$

1,466,510

 

 

$

2,025,151

 

 

$

3,556,105

 

 

$

106,113

 

 

$

3,221,977

 

 

$

1,174,154

 

 

$

4,502,244

 

Extended Service-type warranties

 

 

13,837

 

 

 

826,053

 

 

 

60,436

 

 

 

900,326

 

 

 

41,432

 

 

 

1,007,989

 

 

 

24,885

 

 

 

1,074,306

 

Customized software and content

 

 

-

 

 

 

165,631

 

 

 

15,421

 

 

 

181,052

 

 

 

-

 

 

 

30,841

 

 

 

-

 

 

 

30,841

 

Installation and training

 

 

5,000

 

 

 

104,814

 

 

 

42,243

 

 

 

152,057

 

 

 

3,486

 

 

 

150,812

 

 

 

153,552

 

 

 

307,850

 

Design & Prototyping

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

29,861

 

 

 

-

 

 

 

29,861

 

STEP

 

 

33,437

 

 

 

915,896

 

 

 

24,485

 

 

 

973,818

 

 

 

2,392

 

 

 

1,002,663

 

 

 

28,781

 

 

 

1,033,836

 

Total Revenue

 

$

116,718

 

 

$

3,478,904

 

 

$

2,167,736

 

 

$

5,763,358

 

 

$

153,423

 

 

$

5,444,143

 

 

$

1,381,372

 

 

$

6,978,938

 

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Commercial

 

 

Government

 

 

International

 

 

Total

 

 

Commercial

 

 

Government

 

 

International

 

 

Total

 

Simulators and accessories

 

$

92,088

 

 

$

2,039,302

 

 

$

2,640,139

 

 

$

4,771,529

 

 

$

130,491

 

 

$

5,193,300

 

 

$

2,942,789

 

 

$

8,266,580

 

Extended Service-type warranties

 

 

37,768

 

 

 

1,635,108

 

 

 

102,384

 

 

 

1,775,260

 

 

 

77,357

 

 

 

1,921,310

 

 

 

45,750

 

 

 

2,044,417

 

Customized software and content

 

 

-

 

 

 

465,631

 

 

 

15,421

 

 

 

481,052

 

 

 

-

 

 

 

97,622

 

 

 

101,832

 

 

 

199,454

 

Installation and training

 

 

5,000

 

 

 

184,373

 

 

 

60,068

 

 

 

249,441

 

 

 

7,875

 

 

 

330,078

 

 

 

170,601

 

 

 

508,554

 

Design & Prototyping

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,145,751

 

 

 

-

 

 

 

1,145,751

 

STEP

 

 

66,142

 

 

 

1,838,586

 

 

 

55,494

 

 

 

1,960,222

 

 

 

4,145

 

 

 

1,911,483

 

 

 

58,801

 

 

 

1,974,429

 

Total Revenue

 

$

200,998

 

 

$

6,163,000

 

 

$

2,873,506

 

 

$

9,237,504

 

 

$

219,868

 

 

$

10,599,544

 

 

$

3,319,773

 

 

$

14,139,185

 

Segment Reporting [Table Text Block]

 

 

Three Months Ended June 30,

 

Sale of product

 

2026

 

 

2025

 

Simulators and accessories

 

$

3,556,105

 

 

$

4,502,244

 

Extended Service-type warranties

 

 

900,326

 

 

 

1,074,306

 

Customized software and content

 

 

181,052

 

 

 

30,841

 

Installation and training

 

 

152,057

 

 

 

307,850

 

Design & Prototyping

 

 

-

 

 

 

29,861

 

STEP

 

 

973,818

 

 

 

1,033,836

 

Total consolidated

 

$

5,763,358

 

 

$

6,978,938

 

Depreciation and amortization

 

2026

 

 

2025

 

Simulators and accessories

 

$

84,976

 

 

$

165,220

 

Customized software and content

 

 

249

 

 

 

249

 

Design & Prototyping

 

 

22,141

 

 

 

22,141

 

STEP

 

 

166,549

 

 

 

144,756

 

Corporate

 

 

246,453

 

 

 

180,835

 

Total consolidated

 

$

520,368

 

 

$

513,201

 

Segment income (loss)

2026

2025

Simulators and accessories

$

890,102

$

2,433,140

Extended Service-type warranties

1,175,165

1,148,142

Customized software and content

546,792

130,959

Installation and training

(3,626

)

96,527

Design & Prototyping

-

114,626

STEP

807,269

889,081

Corporate

(3,676,960

)

(4,637,161

)

Total

$

(261,258

)

$

175,314

Expenditures for segment assets

 

2026

 

 

2025

 

Simulators and accessories

 

$

-

 

 

$

451,772

 

Extended Service-type warranties

 

 

-

 

 

 

-

 

Customized software and content

 

 

-

 

 

 

2,265,489

 

Installation and training

 

 

-

 

 

 

-

 

Design & Prototyping

 

 

-

 

 

 

-

 

STEP

 

 

326,727

 

 

 

48,445

 

Corporate purchases

 

 

4,688,062

 

 

 

23,197

 

 

 

$

5,014,789

 

 

$

2,788,903

 

Segment assets

 

2026

 

 

2025

 

Simulators and accessories

 

$

26,653,986

 

 

$

23,417,011

 

Customized software and content

 

 

2,714,002

 

 

 

365,638

 

Design & Prototyping

 

 

-

 

 

 

248,548

 

STEP

 

 

1,185,264

 

 

 

1,139,339

 

Corporate Assets

 

 

35,629,615

 

 

 

42,199,436

 

 

 

$

66,182,867

 

 

$

67,369,972

 

 

 

Six Months Ended June 30,

 

Sale of product

 

2026

 

 

2025

 

Simulators and accessories

 

$

4,771,529

 

 

$

8,266,580

 

Extended Service-type warranties

 

 

1,775,260

 

 

 

2,044,417

 

Customized software and content

 

 

481,052

 

 

 

199,454

 

Installation and training

 

 

249,441

 

 

 

508,554

 

Design & Prototyping

 

 

-

 

 

 

1,145,751

 

STEP

 

 

1,960,222

 

 

 

1,974,429

 

Total consolidated

 

$

9,237,504

 

 

$

14,139,185

 

Depreciation and amortization

 

2026

 

 

2025

 

Simulators and accessories

 

$

171,672

 

 

$

238,346

 

Customized software and content

 

 

498

 

 

 

498

 

Design & Prototyping

 

 

44,281

 

 

 

44,281

 

STEP

 

 

305,483

 

 

 

259,997

 

Corporate

 

 

468,460

 

 

 

286,718

 

Total consolidated

 

$

990,394

 

 

$

829,840

 

Segment income (loss)

 

2026

 

 

2025

 

Simulators and accessories

 

$

1,039,973

 

 

$

5,324,460

 

Extended Service-type warranties

 

 

2,007,130

 

 

 

2,180,509

 

Customized software and content

 

 

845,186

 

 

 

414,746

 

Installation and training

 

 

2,478

 

 

 

93,279

 

Design & Prototyping

 

 

-

 

 

 

281,930

 

STEP

 

 

1,654,739

 

 

 

1,714,433

 

Corporate

 

 

(7,139,396

)

 

 

(8,569,983

)

Total

 

$

(1,589,890

)

 

$

1,439,374

 

Expenditures for segment assets

 

2026

 

 

2025

 

Simulators and accessories

 

$

51,992

 

 

$

464,643

 

Customized software and content

 

 

-

 

 

 

2,265,489

 

STEP

 

 

266,907

 

 

 

460,005

 

Corporate purchases

 

 

4,688,062

 

 

 

27,137

 

 

 

$

5,006,961

 

 

$

3,217,274

 

Segment assets

 

2026

 

 

2025

 

Simulators and accessories

 

$

26,653,986

 

 

$

23,417,011

 

Customized software and content

 

 

2,714,002

 

 

 

365,638

 

Design & Prototyping

 

 

-

 

 

 

248,548

 

STEP

 

 

1,185,264

 

 

 

1,139,339

 

Corporate Assets

 

 

35,629,615

 

 

 

42,199,436

 

 

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Three Months Ended June 30,

2026

2025

Net Income (Loss)

$

(261,258

)

$

175,314

Weighted average common stock outstanding

11,307,865

11,261,588

Incremental shares from stock options

-

-

Weighted average common stock outstanding, diluted

11,307,865

11,261,588

Net Income (Loss) per common share and common equivalent share

Basic

$

(0.02

)

$

0.02

Diluted

$

(0.02

)

$

0.02

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Net Income (Loss)

 

$

(1,589,890

)

 

$

1,439,374

 

Weighted average common stock outstanding

 

 

11,305,886

 

 

 

11,260,902

 

Incremental shares from stock options

 

 

-

 

 

 

-

 

Weighted average common stock outstanding, diluted

 

 

11,305,886

 

 

 

11,260,902

 

 

 

 

 

 

 

 

Net Income (Loss) per common share and common equivalent share

 

 

 

 

 

 

Basic

 

$

(0.14

)

 

$

0.13

 

Diluted

 

$

(0.14

)

 

$

0.13