Note 14 - Income Taxes |
6 Months Ended |
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Jun. 30, 2024 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] |
14. Income Taxes
The provision for income taxes reflects current taxes and deferred taxes. The effective tax rate for each of the six months ended June 30, 2024 and 2023 was .
The valuation allowance against net deferred tax assets as of June 30, 2024, was $100,310, an increase of $5,054 from $95,256 as of December 31, 2023. The Company continues to provide for a valuation allowance to offset its net deferred tax assets until such time it is more likely than not the tax assets or portions thereof will be realized.
An excess tax deficiency of $218 and an excess tax benefit of $1,512 were recognized in the provision for income taxes for the three and six months ended June 30, 2024, respectively, which were offset by $218 and $1,512 of valuation allowance, respectively.
Excess tax deficiencies of $695 and $1,239 were recognized in the provision for income taxes for the three and six months ended June 30, 2023, respectively, which were offset by $695 and $1,239 of valuation allowance, respectively.
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