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

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock-based Compensation (Tables)

Note 5 - Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

		Three Months Ended
		March 31, 2021
Risk-free interest rate		0.46%	-	0.92%
Dividend yield			0%
Expected term (in years)			5
Expected volatility		92.6%	-	93.8%

Share-based Payment Arrangement, Option, Activity [Table Text Block]

		Options outstanding
						Weighted average			Weighted average		Aggregate
						exercise price			remaining		intrinsic
Incentive Options		Shares				per share			contractual term		value
Outstanding at December 31, 2020			1,395,000			$	0.31
Options granted			145,000				2.62
Options exercised			(25,000	)			0.14
Options expired			-				-
Options forfeited			-				-
Outstanding at March 31, 2021			1,515,000			$	0.53		4 years, 5 months		$	3,585,623
Exercisable at March 31, 2021			1,135,000			$	0.25		3 years, 1 month		$	3,013,473


Outstanding at December 31, 2019			1,349,000			$	0.23
Options granted			-				-
Options exercised			-				-
Options expired			(129,000	)			0.17
Options forfeited			-				-
Outstanding at March 31, 2020			1,220,000			$	0.24		3 years, 11 months		$	-
Exercisable at March 31, 2020			1,201,500			$	0.24		3 years, 10 months		$	-

Schedule of Nonvested Share Activity [Table Text Block]

		Nonvested
						Weighted average
						grant date
		Shares				fair value
Nonvested at December 31, 2020			235,000			$	0.36
Granted			145,000				1.87
Vested			-				-
Forfeited			-				-
Nonvested at March 31, 2021			380,000			$	0.94


Nonvested at December 31, 2019			23,500			$	0.17
Granted			-				-
Vested			(5,000	)			0.21
Forfeited			-				-
Nonvested at March 31, 2020			18,500			$	0.15