Note 9 - Income Tax Benefit

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

9) INCOME TAX PROVISION

The following table summarizes the income tax provision.  

	Three Months Ended March 31,
	2024			2023
Income tax provision	$	632		$	7
Effective tax rate		12.7	%		0.0	%

The Company’s income tax provision for the three months ended March 31, 2024 comprises primarily an increase in the valuation allowance against net deferred assets, plus immaterial state taxes and miscellaneous items.  No deferred tax benefits on ongoing tax losses have been recognized, reflecting management’s determination that none of the net deferred tax assets generated on the Company's 2023 tax losses are more likely than not to be realized.  The three-month period in 2023 similarly reflected immaterial state taxes and miscellaneous items.