Annual report [Section 13 and 15(d), not S-K Item 405]

Note 7 - Stockholders' Equity and Equity-linked Instruments (Tables)

v3.25.1
Note 7 - Stockholders' Equity and Equity-linked Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Stock by Class [Table Text Block]
       

Preferred Stock

   

Proceeds

   

Conversion Shares - Common Stock

   

Other

 

Series

Designation

 

Closing

Date

 

Conversion

Prices(2)(3)(4)

   

Shares

Purchased/

Issued in

Exchange(6)

   

Conversions

/ Exchanges

   

Outstanding -

December 31,

2024

   

Gross

Proceeds

   

Fees

   

Net

Proceeds

   

Original

   

Conversions

/ Exchanges(5)

   

December

31, 2024

   

Original

Placement

Agent

Warrants(1)

 

A

 

November 22, 2022

  $ 12.40       5,359       (5,359 )     -     $ 5,359,000     $ 697,000     $ 4,662,000       432,000       (432,000 )     -       62,000  

A-2

 

November 28, 2022

  $ 13.29       1,297       (1,297 )     -       1,297,000       169,000       1,128,000       98,000       (98,000 )     -       14,000  

A-3

 

November 30, 2022

  $ 13.41       1,733       (1,733 )     -       1,733,000       225,000       1,508,000       129,000       (129,000 )     -       18,000  

A-4

 

December 22, 2022

  $ 7.60       1,934       (1,934 )     -       1,934,000       251,000       1,683,000       254,000       (254,000 )     -       36,000  

A-5

 

January 31, 2023

  $ 11.09       2,299       (1,519 )     780       2,299,000       299,000       2,000,000       207,000       (137,000 )     70,000       30,000  

AA

 

April 19, 2023

 

$9.43/$1.89

      7,680       (3,981 )     3,699       7,680,000       966,000       6,714,000       4,072,000       (2,111,000 )     1,961,000       112,000  

AA-2

 

April 20, 2023

 

$10.43/$2.09

      1,500       (1,500 )     -       1,500,000       130,000       1,370,000       719,000       (719,000 )     -       17,000  

AA-3

 

April 28, 2023

 

$9.50/$1.90

      1,025       (1,000 )     25       1,025,000       133,000       892,000       539,000       (526,000 )     13,000       16,000  

AA-4

 

May 5, 2023

 

$9.28/$1.86

      1,026       (526 )     500       1,026,000       133,000       893,000       553,000       (283,000 )     270,000       16,000  

AA-5

 

May 26, 2023

 

$10.60/$2.12

      550       (500 )     50       550,000       72,000       478,000       259,000       (236,000 )     23,000       8,000  

AAA

 

November 30, 2023

  $ 1.67       9,388       (1,993 )     7,395       5,377,000       645,000       4,732,000       5,608,000       (1,191,000 )     4,417,000       466,000  

AAA-2

 

December 22, 2023

  $ 1.71       5,334       (2,186 )     3,148       2,978,000       357,000       2,621,000       3,119,000       (1,278,000 )     1,841,000       253,000  

AAA-Junior

 

June 26, 2024

  $ 1.25       1,210       (845 )     365       1,210,000       145,000       1,065,000       968,000       (676,000 )     292,000       140,000  

AAA-Junior - 2

 

July 10, 2024

  $ 1.25       551       (110 )     441       551,000       66,000       485,000       441,000       (88,000 )     353,000       64,000  

AAA-Junior - 3

 

September 20, 2024

  $ 1.25       697       -       697       697,000       84,000       613,000       558,000       -       558,000       81,000  

AAA-Junior – 4

 

September 30, 2024

  $ 1.25       399       -       399       399,000       48,000       351,000       319,000       -       319,000       46,000  
                  41,982       (24,483 )     17,499     $ 35,615,000     $ 4,420,000     $ 31,195,000       18,275,000       (8,158,000 )     10,117,000       1,379,000  
Share-based Payment Arrangement, Warrants, Activity [Table Text Block]
   

2024

   

2023

 

Series AAA Junior-3 and Series AAA Junior-4 Warrants:

               

Beginning balance

  $ -     $ -  

Initial fair value of warrant liability – grant date(1)

    346,000       -  

Change in fair value

    2,000       -  

Subtotal - Fair value of warrant liability - Series AAA Junior -3 and Series AAA Junior – 4 Warrants

  $ 348,000     $ -  
                 

Placement Agent Warrants:

               

Beginning balance

  $ 1,571,000     $ -  

Initial fair value of warrant liability – grant date(1)

    133,000       4,469,000  

Change in fair value

    (1,117,000 )     (2,898,000 )

Subtotal - Fair value of warrant liability – Placement Agent Warrants

  $ 587,000     $ 1,571,000  

Total fair value of warrant liability

  $ 935,000     $ 1,571,000  
Schedule of Warrants, Valuation Assumptions [Table Text Block]
   

December

31,

   

December

31,

 
   

2024

   

2023

 

Expected Volatility

    101 %     98 %

Risk–free interest rate

    4.27% - 4.38 %     3.84 %

Dividend yield

    - %     - %

Expected life of options (in years)

    2.71 4.74       4.5 - 5.0  
Dividends Declared [Table Text Block]

Series Designation

 

Date

 

Dividend Shares

   

Fair Value

Shares

Issued (1)

 

Series A-2

 

November 28, 2024

    1,430     $ 1,000  

Series A-3

 

November 30, 2024

    3,029       2,000  

Series A-4

 

December 22, 2024

    5,794       3,000  

Series A-5

 

January 31, 2024

    2,166       4,000  

Series AA

 

April 19, 2024

    476,271       661,000  
   

July 23, 2024

    158,860       216,000  

Series AA-3

 

April 29, 2024

    41,159       60,000  
   

July 23, 2024

    38,527       52,000  

Series AA-4

 

May 6, 2024

    55,497       77,000  
   

July 23, 2024

    1,616       2,000  

Series AA-5

 

May 30, 2024

    51,887       65,000  
   

July 23, 2024

    47,170       64,000  

Series AAA

 

July 23, 2024

    432,025       587,000  
   

December 16, 2024

    742,553       415,000  

Series AAA-2

 

July 23, 2024

    490,295       666,000  
   

December 22, 2024

    356,494       195,000  

Series AAA-Junior

 

July 26, 2024

    193,600       273,000  
   

August 26, 2024

    193,600       240,000  
   

September 24, 2024

    193,600       126,000  

Series AAA-Junior - 2

 

August 9, 2024

    88,160       97,000  
   

September 9, 2024

    88,160       100,000  
   

October 10, 2024

    88,160       90,000  

Series AAA-Junior - 3

 

October 23, 2024

    111,520       105,000  
   

November 19, 2024

    111,520       76,000  
   

December 19, 2024

    111,520       68,000  

Series AAA-Junior - 4

 

October 30, 2024

    63,840       65,000  
   

November 29, 2024

    63,840       36,000  
   

December 30, 2024

    63,840       40,000  
          4,276,133     $ 4,386,000  

Series Designation

 

Date

 

Dividend Shares

   

Fair Value of

Shares Issued(1)

 
                     

Series A

 

December 26, 2023

    35,717     $ 63,000  
   

December 29, 2023

    51,926       79,000  

Series A-2

 

December 26, 2023

    13,507       24,000  
   

December 29, 2023

    16,183       25,000  

Series A-3

 

December 26, 2023

    8,997       16,000  
   

December 29, 2023

    7,203       11,000  

Series A-4

 

December 22, 2023

    21,771       39,000  
   

December 29, 2023

    62,870       95,000  

Series A-5

 

December 26, 2023

    14,807       22,000  

Total

    232,981     $ 374,000