Quarterly report [Sections 13 or 15(d)]

Note 5 - Debt (Tables)

v3.25.2
Note 5 - Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
   

Agile I Note

    

Agile II Note

    

Belleau Note

    

Diagonal I

Note

    

Diagonal II

Note

    

RP Note

  
                                                 

Gross Proceeds

   $ 1,850,000     $ 2,500,000     $ 1,100,000     $ 300,000     $ 145,000     $ 1,500,000  

Proceeds net of original issue discount

     -       -       -       286,000       132,000       -  

Fair Value at issuance date

     2,132,000       3,205,000       894,000       247,000       123,000       1,343,000  

Difference between proceeds and fair value at issuance(2)

     282,000       705,000       (206,000 )     (39,000 )     (9,000 )     (157,000 )

Note balance – December 31, 2024

     1,454,000       -       -       -               1,500,000  

Fair value – December 31, 2024

     1,679,000       -       -       -               1,438,000  

Note balance – June 30, 2025

     -       1,331,000       1,100,000       300,000       145,000       1,500,000  

Fair value – June 30, 2025

     -       1,283,000       888,000       271,000       115,000       1,473,000  

Interest paid during the three months ended June 30, 2025

     -       426,000       -       -       -       -  
Interest paid during the six months ended June 30, 2025     563,000       656,000       -       -       -       -  

Change in fair value - three months ended June 30, 2025(2)

     -       164,000       (4,000 )     24,000       (8,000 )     (121,000 )

Change in fair value - six months ended June 30, 2025(2)

     (178,000 )     67,000       (6,000 )     24,000       (8,000 )     35,000  

Debt issue costs (1)

     180,000       125,000       -       7,000       7,000       -  

Interest Rate / Discount rate

     42%/42%

 

     42%/42%       20%/42%       10%/42%       10%/42%       40%/42%