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Note 5 - Share-based Compensation - Stock Option Activity (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Outstanding, shares (in shares) 5,031,097  
Outstanding, weighted average exercise price (in dollars per share) $ 3.25  
Weighted-average remaining contractual term, outstanding (Year) 6 years 1 month 13 days 5 years 9 months
Aggregate intrinsic value, outstanding $ 1,011,183 $ 13,000
Granted, shares (in shares) [1] 745,350  
Granted, weighted average exercise price (in dollars per share) $ 1.43  
Exercised, shares (in shares) 0  
Exercised, weighted average exercise price (in dollars per share) $ 0  
Expired, shares (in shares) [2] (320,000)  
Expired, weighted average exercise price (in dollars per share) $ 1.62  
Canceled, shares (in shares) 0  
Canceled, weighted average exercise price (in dollars per share) $ 0  
Outstanding, shares (in shares) 5,456,447 5,031,097
Outstanding, weighted average exercise price (in dollars per share) $ 3.10 $ 3.25
Exercisable, shares (in shares) 4,179,293  
Exercisable, weighted average exercise price (in dollars per share) $ 3.15  
Weighted-average remaining contractual term, exercisable (Year) 5 years 3 months 25 days  
Aggregate intrinsic value, exercisable $ 621,865  
[1] Represents the following stock options granted: • Annual share-based compensation awards on January 3, 2023, including: (a) 406,250 stock options with an exercise price of $1.38 per share granted to executives and key personnel, upon one year anniversary, or vesting annually in equal installments over four years, (b) 262,500 stock options with an exercise price of $1.38 per share granted to members of the Board of Directors, vesting upon one year anniversary, (c) 24,100 stock options with an exercise price of $1.38 per share granted to employees, vesting annually in equal installments over four years, (d) 15,000 stock options with an exercise price of $1.38 per share granted to a consultant, vesting upon one year anniversary, and (e) 37,500 stock options with an exercise price of $2.23 per share granted to a consultant, vesting over two months from the grant date.
[2] Represents the following stock options expired:•(a) 270,000 stock options with an exercise price of $1.39 per share granted to an executive, (b) 25,000 stock options with an exercise price of $1.75 per share granted to a member of the Board of Directors, and (c) 25,000 stock options with an exercise price of $3.99 per share granted to a consultant.