Note 9 - Subsequent Events |
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Jun. 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Subsequent Events [Text Block] |
Note 9 — Subsequent Events
The Company recognized a right of use asset of $524,025 and a corresponding lease liability for the Amended Lease on the Commencement Date. For purposes of calculating the right of use asset and lease liability, the Company estimated its incremental borrowing rate at 8.5% per annum. See Note 4.
Future minimum payments under the Amended Lease are as follows:
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