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

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Stock-based Compensation (Tables)

Note 6 - Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Notes Tables

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

		Three Months Ended September 30,								Nine Months Ended September 30,
		2021				2020				2021						2020
Risk-free interest rate			0.84%				0.26%				0.46%	-	0.92%				0.26%	-	0.33%
Dividend yield			0%				0%					0%						0%
Expected term (in years)			5				5%					5						5
Expected volatility			46.8%				69.6%				47.1%	-	92.6%				65.8%	-	69.6%

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
Options granted			127,500				2.85
Options exercised			(360,000	)			0.22
Options expired			(20,000	)			0.17
Options forfeited			-				-
Outstanding at June 30, 2021			1,262,500			$	0.86
Options granted			30,000				2.80
Options exercised			(65,000	)			0.18
Options expired			-				-
Options forfeited			-				-
Outstanding at September 30, 2021			1,227,500			$	0.94		5 years, 1 month		$	2,450,068
Exercisable at September 30, 2021			930,000			$	0.44		4 years, 5 months		$	2,326,943

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
Options granted			10,000				0.15
Options exercised			-				-
Options expired			(10,000	)			0.19
Options forfeited			-				-
Outstanding at June 30, 2020			1,220,000				0.24
Options granted			210,000				0.66
Options exercised			-				-
Options expired			-				-
Options forfeited			-				-
Outstanding at September 30, 2020			1,430,000			$	0.30		4 years, 5 months		$	487,773
Exercisable at September 30, 2020			1,208,500			$	0.24		3 years, 5 months		$	482,268

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				1.22
Vested			-				-
Forfeited			-				-
Nonvested at March 31, 2021			380,000			$	0.94
Granted			127,500				1.19
Vested			(25,000	)			1.01
Forfeited			-				-
Nonvested at June 30, 2021			482,500			$	0.81
Granted			30,000				1.15
Vested			(215,000	)			0.41
Forfeited			-				-
Nonvested at September 30, 2021			297,500			$	1.13

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
Granted			10,000				0.08
Vested			(15,500	)			0.16
Forfeited			-				-
Nonvested at June 30, 2020			13,000			$	0.09
Granted			210,000				0.37
Vested			(1,500	)			0.12
Forfeited			-				-
Nonvested at September 30, 2020			221,500			$	0.36