WaveDancer, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

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

Note 6 - Fair Value Measurements (Tables)

v3.24.1

Note 6 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	631,258	$	-	$	-	$	631,258

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	58,242	$	-	$	-	$	58,242

Asset Acquisition, Contingent Consideration [Table Text Block]

Fair value of contingent consideration:
December 31, 2021	$	930,000
Additions		-
Changes in Fair Value		(930,000	)
December 31, 2022		-
Additions		682,000
Changes in Fair Value		-
Settlements		(682,000	)
December 31, 2023	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

	2022
Impairment of long-lived assets
Intangible assets	$	3,649,193
Right of use assets		113,722
		3,762,915
Impairment of goodwill		6,460,168
Total	$	10,223,083

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Consideration	Amount		Description and Valuation Methodology
Cash at closing	$	935,974	Cash received at closing less estimated value of transition services to be provided.
Cash after closing		133,148	Actual cash operating expenses of GMI from March 1 through March 17, 2023 (prior to the transfer of GMI to GMDC).
GMDC common stock		581,000	Based on Series A preferred stock issuance to other GMDC investors for $3,000,000 in cash and application of an option pricing model backsolve method and a minority interest discount to estimate the fair value of the common shares of GMDC.
Contingent payments		682,000	Estimated by applying a discount rate of 40.8% to the projected cash receipts expected over the 7-year horizon. (See Note 5).
Total consideration	$	2,332,122

- Definition

Tabular disclosure of contingent consideration in asset acquisition.

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