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Note 13 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes.  
Schedule of income tax expense

Years ended December 31, 

(In thousands)

    

2021

    

2020

    

2019

Current taxes:

Federal

$

$

$

State

 

3

 

19

 

7

Current taxes

 

3

 

19

 

7

Deferred taxes:

Federal

 

6,518

 

(3,164)

 

3,228

State

 

(1,874)

 

(339)

 

1,928

Deferred taxes

 

4,644

 

(3,503)

 

5,156

Income tax expense (benefit)

$

4,647

$

(3,484)

$

5,163

Schedule of accounting for differences between income taxes computed at the federal statutory rate and the provision recorded for income taxes

Years ended December 31, 

(In thousands)

    

2021

    

2020

    

2019

Income taxes computed at the federal statutory rate

$

9,325

$

(1,762)

$

6,320

Effect of:

State taxes, net of federal benefits

 

796

 

(253)

 

945

State tax rate changes, net of federal benefits

(2,274)

Percentage depletion

 

(3,363)

 

(714)

 

(2,093)

PPP Loan forgiveness

 

 

(1,773)

 

Stock-based compensation

 

(194)

 

473

 

109

Other, net

 

357

 

545

 

(118)

Total

$

4,647

$

(3,484)

$

5,163

Schedule of deferred tax assets and liabilities

December 31, 

(In thousands)

    

2021

    

2020

Deferred tax assets:

 

  

 

  

Loss carryforwards U.S. - Federal/States

$

15,975

$

22,873

Asset retirement obligations

 

5,175

 

3,972

Accrued expenses

 

744

 

856

Stock-based compensation

 

2,331

 

2,200

Other

 

 

Total deferred tax assets

 

24,225

 

29,901

Deferred tax liabilities:

Depreciation & amortization

 

(30,631)

 

(31,663)

Net deferred tax liabilities

$

(6,406)

$

(1,762)