WaveDancer, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Note 9 - Revolving Line of Credit and Notes Payable (Details Textual)

v3.23.2

Note 9 - Revolving Line of Credit and Notes Payable (Details Textual) - USD ($)			3 Months Ended	6 Months Ended
	Aug. 09, 2023	Mar. 07, 2023	Jun. 30, 2023	Jun. 30, 2023	Sep. 30, 2022
Premium Financing Agreement [Member]
Debt Instrument, Face Amount		$ 305,759
Debt Instrument, Interest Rate, Stated Percentage		8.75%
Debt Instrument, Periodic Payment		$ 31,815
Summit Community Bank [Member]
Long-Term Line of Credit			$ 1,000,000	$ 1,000,000
Summit Community Bank [Member] \| Subsequent Event [Member]
Repayments of Lines of Credit	$ 500,000
Line of Credit Facility, Remaining Borrowing Capacity	0
Revolving Credit Facility [Member] \| Summit Community Bank Second Line[Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 1,000,000
Long-Term Line of Credit			1,000,000	1,000,000
Revolving Credit Facility [Member] \| Summit Community Bank Second Line[Member] \| Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage					3.99%
Revolving Credit Facility [Member] \| Summit Community Bank Second Line[Member] \| Maximum [Member]
Debt Instrument, Interest Rate, Effective Percentage					20.00%
Revolving Credit Facility [Member] \| Summit Community Bank [Member]
Repayments of Lines of Credit			0	0
Proceeds from Lines of Credit				575,000
Line of Credit Facility, Remaining Borrowing Capacity			$ 0	$ 0
Revolving Credit Facility [Member] \| Summit Community Bank [Member] \| Subsequent Event [Member]
Repayments of Lines of Credit	$ 500,000

- Definition

Face (par) amount of debt instrument at time of issuance.

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- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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Contractual interest rate for funds borrowed, under the debt agreement.

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Amount of the required periodic payments including both interest and principal payments.

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.

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