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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain of our financial performance. For the most recently completed fiscal year, we did not use any “financial performance measures” as defined in Item 402(v) of Regulation S-K to link compensation paid to our named executive officers (our “NEOs”), to our performance. We are a “smaller reporting company,” as defined in Rule 12b-2 under the Exchange Act, and have elected to provide in this proxy statement certain scaled disclosures permitted under the Exchange Act for smaller reporting companies. For further information regarding our compensation philosophy and how we seek to align executive compensation with our performance, refer to the section titled “Executive Compensation” above.
The following table shows the past three fiscal years’ total compensation for our principal executive officer (“PEO”) and non-PEO NEOs as set forth in the Summary Compensation Table (“SCT”), the compensation actually paid (“CAP”) to our NEOs (as determined pursuant to SEC rules), our total shareholder return (“TSR”), and our net loss. SEC rules require certain adjustments be made to the SCT totals to determine CAP as reported in the pay versus performance table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a valuation calculated under applicable SEC rules. The methodology for calculating CAP as required by Item 402(v) of Regulation S-K takes into account (among other things) changes in share price and its impact on the fair value of equity awards.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary
Compensation
Table Total
for PEO(1)
 
 
Compensation
Actually Paid
to PEO(2)
 
 
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(3)
 
 
Average
Compensation
Actually Paid
to Non-PEO
NEOs(4)
 
 
Value of Initial
Fixed $100
Investment Based
On Total Shareholder
Return(5)
 
 
Net Loss(6)
2024(7)
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
$ (10,460,000)
2023
 
 
$ 168,380
 
 
$9,932
 
 
$ 157,207
 
 
$97,606
 
 
$2.47
 
 
$(2,603,000)
2022
 
 
$ 414,042
 
 
$ 380,400
 
 
$ 291,575
 
 
$ 284,018
 
 
$ 39.97
 
 
$(3,904,000)
(1)
The dollar amounts reported are the amounts of total compensation reported for our PEO, Jon Olsen, for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation - Summary Compensation Table.”
(2)
The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts reported are the amounts of total compensation reported for Mr. Olsen during the applicable year, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) the value of equity awards issued and vested during the reported fiscal year. See Summary Compensation Table and the table below for further information.
(3)
The dollar amounts reported for 2023 and 2022 are the average of the total compensation reported for our NEOs, other than our PEO, namely, Stephen Purcell and Gil Issachar. The dollar amounts reported for 2024 are the average of the total compensation reported for our NEOs, other than our PEO, namely Stephen Purcell, Gil Issachar and Paul Krzywicki. On March 7, 2024, Stephen Purcell resigned as our Chief Financial Officer upon the appointment of our current Chief Financial Officer, Paul Krzywicki.
(4)
The dollar amounts reported represent the average amount of “compensation actually paid”, as computed in accordance with Item 402(v) of Regulation S-K, for our NEOs, other than our PEO. The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our PEO in the Summary Compensation Table for fiscal years 2024, 2023 and 2022, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year.
(5)
Represents the cumulative total shareholder return, as calculated in accordance with Item 201(e) of Regulation S-X, assuming an initial fixed investment of $100 for the period starting December 31, 2021, through the end of each listed year. We did not pay dividends during the period. Prior to the merger, the fair value of a share of Firefly Neuroscience private company common stock was $28.82, $1.78, and $2.65 as of December 31, 2022, 2023, and 2024, respectively.
(6)
For 2023 and 2022, represents the stand-alone private company net loss of Firefly Neuroscience, Inc. (“Firefly”), prior to the merger with WaveDancer on August 12, 2024. For 2024, represents the net loss of Firefly as reported on its Form 10-K for the fiscal year ended December 31, 2024 which was filed with the SEC on April 3, 2025.
(7)
The dollar amounts will be included in the Company’s definitive proxy statement.
The table below summarizes the adjustments to the total amount reported in the SCT for the PEO and Non-PEO Named Executive Officers (“Non-PEO NEOs”) in calculating CAP for the current fiscal year:
 
 
 
 
 
 
 
Compensation Actually Paid(1)
 
 
PEO
 
 
Average for
Non-PEO NEOs
Summary Compensation Table – Total Compensation
 
 
—
 
 
—
- Grant Date Fair Value of Equity Awards
 
 
—
 
 
—
+ Fair Value at Year-End of Outstanding Unvested Awards Granted During the Year
 
 
—
 
 
—
+ Change in Fair Value of Outstanding Unvested Awards from Prior Year to Current Year
 
 
—
 
 
—
+ Change in Fair Value of Current Year Awards Vesting During the Year
 
 
—
 
 
—
+ Change in Fair Value of Prior Year Awards Vesting During the Year
 
 
—
 
 
—
= Compensation Actually Paid
 
 
—
 
 
—
 
 
 
 
 
 
 
(1)
The dollar amounts will be included in the Company’s definitive proxy statement.
    
Named Executive Officers, Footnote
(1)
The dollar amounts reported are the amounts of total compensation reported for our PEO, Jon Olsen, for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation - Summary Compensation Table.”
(3)
The dollar amounts reported for 2023 and 2022 are the average of the total compensation reported for our NEOs, other than our PEO, namely, Stephen Purcell and Gil Issachar. The dollar amounts reported for 2024 are the average of the total compensation reported for our NEOs, other than our PEO, namely Stephen Purcell, Gil Issachar and Paul Krzywicki. On March 7, 2024, Stephen Purcell resigned as our Chief Financial Officer upon the appointment of our current Chief Financial Officer, Paul Krzywicki.
   
PEO Total Compensation Amount $ 0 $ 168,380 $ 414,042
PEO Actually Paid Compensation Amount $ 0 9,932 380,400
Adjustment To PEO Compensation, Footnote
The table below summarizes the adjustments to the total amount reported in the SCT for the PEO and Non-PEO Named Executive Officers (“Non-PEO NEOs”) in calculating CAP for the current fiscal year:
 
 
 
 
 
 
 
Compensation Actually Paid(1)
 
 
PEO
 
 
Average for
Non-PEO NEOs
Summary Compensation Table – Total Compensation
 
 
—
 
 
—
- Grant Date Fair Value of Equity Awards
 
 
—
 
 
—
+ Fair Value at Year-End of Outstanding Unvested Awards Granted During the Year
 
 
—
 
 
—
+ Change in Fair Value of Outstanding Unvested Awards from Prior Year to Current Year
 
 
—
 
 
—
+ Change in Fair Value of Current Year Awards Vesting During the Year
 
 
—
 
 
—
+ Change in Fair Value of Prior Year Awards Vesting During the Year
 
 
—
 
 
—
= Compensation Actually Paid
 
 
—
 
 
—
 
 
 
 
 
 
 
(1)
The dollar amounts will be included in the Company’s definitive proxy statement.
    
Non-PEO NEO Average Total Compensation Amount $ 0 157,207 291,575
Non-PEO NEO Average Compensation Actually Paid Amount $ 0 97,606 284,018
Adjustment to Non-PEO NEO Compensation Footnote
The table below summarizes the adjustments to the total amount reported in the SCT for the PEO and Non-PEO Named Executive Officers (“Non-PEO NEOs”) in calculating CAP for the current fiscal year:
 
 
 
 
 
 
 
Compensation Actually Paid(1)
 
 
PEO
 
 
Average for
Non-PEO NEOs
Summary Compensation Table – Total Compensation
 
 
—
 
 
—
- Grant Date Fair Value of Equity Awards
 
 
—
 
 
—
+ Fair Value at Year-End of Outstanding Unvested Awards Granted During the Year
 
 
—
 
 
—
+ Change in Fair Value of Outstanding Unvested Awards from Prior Year to Current Year
 
 
—
 
 
—
+ Change in Fair Value of Current Year Awards Vesting During the Year
 
 
—
 
 
—
+ Change in Fair Value of Prior Year Awards Vesting During the Year
 
 
—
 
 
—
= Compensation Actually Paid
 
 
—
 
 
—
 
 
 
 
 
 
 
(1)
The dollar amounts will be included in the Company’s definitive proxy statement.
    
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative TSR
The following chart sets forth the relationship between CAP to our PEO, the average CAP to our Non-PEO Named Executive Officers, and the Company’s cumulative TSR over the three most recently completed fiscal years.
[Chart will be included in the Company’s definitive proxy statement]
   
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Loss
The following chart sets forth the relationship between CAP to our PEO, the average CAP to our Non-PEO Named Executive Officers, and our net loss during the three most recently completed fiscal years.
[Chart will be included in the Company’s definitive proxy statement]
From 2022 to 2023, our net loss decreased, while the CAP to our PEO and Non-PEO Named Executive Officers decreased.
From 2023 to 2024, our net loss increased, [while the CAP to our PEO and Non-PEO Named Executive Officers increased].
   
Total Shareholder Return Amount $ 0 2.47 39.97
Net Income (Loss) $ (10,460,000) $ (2,603,000) $ (3,904,000)
PEO Name Jon Olsen Jon Olsen Jon Olsen
Share Price $ 2.65 $ 1.78 $ 28.82
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0