XML 122 R106.htm IDEA: XBRL DOCUMENT v3.24.0.1
Commitments and Contingencies (Details Narrative) - Bonus Plan [Member]
12 Months Ended
Dec. 31, 2023
USD ($)
Bonus for Executives $ 800,000
Bonus for Non-Executives $ 240,000
Bonus awards on annual revenue 30.00%
Bonus awards on Adjusted EBITDA 30.00%
Bonus awards on cash balance 30.00%
Bonus awards on Company stock price 10.00%
Description of Bonus Plan No bonus will be awarded for any performance target for which actual performance is less than 90% of target. At 90% or greater actual performance relative to the target, 50% of the weighted bonus amount apportioned for the performance target is payable. From 90% to 100% actual performance relative to the target, the remaining 50% of the weighted bonus amount is awarded pro rata with the percentage of actual performance exceeding 90% of target (i.e., each 1% excess over 90% of performance target equals 5% of the weighted bonus amount payable). If actual performance reaches 110% of performance target or greater for any individual performance target, then an additional 10% of the amount apportioned to that performance target will be payable as an additional bonus. Based on our financial performance for the year ended December 31, 2023, revenue exceeded the annual revenue performance target and 100% of the bonus was achieved, and the Adjusted EBITDA, cash balance, and stock price exceeded the performance targets by 110% and 110% of the bonus was achieved for these three performance targets
Accrued employee bonus plan $ 1,098