Note 3 - Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

	For the Year Ended			For the Year Ended
	December 31, 2024			December 31, 2023
Revenues	$	445,510		$	9,035,670
Cost of Revenues		169,607			5,643,426
Gross Profit		275,903			3,392,244
Operating Expenses
Selling, general, and administrative expenses		544,685			6,843,856
Goodwill and intangible asset impairment expenses		-			674,982
Operating Loss		(268,782	)		(4,126,594	)
Interest income		101,714			1,778,999
Other (expense) income		501,320			(100,648	)
Gain on sale of business		14,670,811			-
Interest expense		(9,027	)		(503,401	)
Total other income and expense		15,264,818			1,174,950
Income (loss) before income taxes		14,996,036			(2,951,644	)
Income tax expense		422,774			42,940
Income (loss) from discontinued operations, net	$	14,573,262		$	(2,994,584	)

	December 31,		December 31,
	2024		2023
Carrying amounts of major classes of assets included as part of discontinued operations:
Current assets
Cash	$	105,127	$	46,369,229
Restricted cash		-		11,584,320
Accounts receivable, net of $0 allowance for credit losses		-		738,739
Unbilled receivables		-		9,447
Contract assets		-		274,833
Deferred prize expense		-		340,781
Prepaid expenses and other current assets		164,661		439,697
Investment, cost		-		200,000
Equipment, net		-		36,860
Right-of-use asset – operating lease		-		250,194
Intangible assets, net		-		2,260,351
Goodwill		-		5,300,928
Total current assets	$	269,788	$	67,805,379

	December 31,		December 31,
	2024		2023
Carrying amounts of major classes of liability included as part of discontinued operations:
Current Liabilities
Accounts payable and accrued expenses		10,020	$	1,123,105
Contract liabilities		-		2,407,924
Prize liability		-		6,475,400
Customer obligations		-		50,249,095
Line of credit		-		5,000,000
Current portion of long-term debt		-		869,426
Current portion of lease liability		-		251,898
Deferred tax liability		-		20,035
Total current liabilities	$	10,020	$	66,396,883