Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	For the year ended December 31,
	2022			2021		2020
Current:
Federal	$	13,154,619		$	19,211,782	$	5,111,667
State and local		897,285			513,753		447,965
Foreign		3,800			13,994		—
Total current provision		14,055,704			19,739,529		5,559,632
Deferred:
Federal		(3,818,283	)		89,947		11,375,962
State and local		(9,495	)		31,499		230,987
Foreign		—			—		—
Total deferred (benefit) provision		(3,827,778	)		121,446		11,606,949
Total provision	$	10,227,926		$	19,860,975	$	17,166,581

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	As of December 31,
	2022			2021
Deferred income tax assets:
State net operating losses	$	1,247,826		$	1,293,912
Inventory		336,333			184,046
Reserves and accruals		569,290			741,684
Amortization of intangible assets		24,532			50,107
Share-based compensation		510,058			280,396
Deferred revenue		66,011			702,617
Capitalized R&D		4,194,106			—
Lease liability		443,902			570,446
Other		380,162			267,050
Deferred income tax assets		7,772,220			4,090,258
Less: valuation allowance		(985,783	)		(1,022,191	)
Deferred income tax assets, net of valuation allowance	$	6,786,437		$	3,068,067
Deferred income tax liabilities:
Amortization of goodwill		(192,083	)		(197,245	)
Property, plant and equipment		(59,727	)		(156,289	)
Other		(284,242	)		(291,926	)
Deferred income tax asset, net	$	6,250,385		$	2,422,607

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	As of December 31,
	2022			2021			2020
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State and local taxes		1.6	%		0.5	%		0.7	%
Change in fair value of common stock warrant		(0.2	)%		—			1.0	%
Section 162(m) limitation		0.7	%		0.5	%		0.5	%
Other		0.1	%		0.2	%		0.2	%
Effective tax rate		23.2	%		22.2	%		23.4	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	For the year ended December 31,
	2022			2021		2020
Balance at beginning of year	$	5,602,587		$	5,591,587	$	5,649,188
Tax positions related to the current and prior years:
Additions		—			11,000		—
Reductions		(68,792	)		—		(57,601	)
Settlements		—			—		—
Lapses in applicable statutes of limitation		(430,247	)		—		—
Balance at the end of the year	$	5,103,548		$	5,602,587	$	5,591,587