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

Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Stock-based Compensation (Tables)

Note 4 - Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

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

		Three Months Ended					Three Months Ended			Six Months Ended					Six Months Ended
		June 30, 2020					June 30, 2019			June 30, 2020					June 30, 2019
Risk-free interest rate			0.33%				2.31%				0.33%				2.31%
Dividend yield			0%				0%				0%				0%
Expected term (in years)			5				5				5				5
Expected volatility		65.8%	-	66.0%			57.9%			65.8%	-	66.0%			57.9%

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, 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		3 years, 9 months		$	37,353
Exercisable at June 30, 2020			1,207,000			$	0.24		3 years, 8 months		$	36,703

Schedule of Nonvested Share Activity [Table Text Block]

		Nonvested
						Weighted average
						grant date
		Shares				fair value
Nonvested at January 1, 2020			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