Note 1 - Organization and Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Notes Tables |
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| 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 | |
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| 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 | |
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| 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 | |
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| 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 | |
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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 | |
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