Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Note Payable (Tables)

v3.22.2.2
Note 5 - Note Payable (Tables)
9 Months Ended
Sep. 30, 2022
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
   

May 16,

2022

   

June 30,

2022

   

September 30,

2022

 

Stock price

  $ 1.27     $ 1.02     $ 0.68  

Volatility

    82

%

    83

%

    82

%

Risk free rate

    2.1

%

    2.7

%

    3.1

%

Dividend rate

    -       -       -  
Implied yield     20.7 %     23.9 %     23.4 %

Estimated Fair value of Notes, including OID, excluding accrued interest

    4,000,000       3,986,000       4,245,000  

Change in fair value

 

NA

      (49,000

)

    334,000