Note 8 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Tables/Schedules

Schedule of Effective Income Tax Rate Reconciliation

	2017	2016
Income tax provision at U.S. federal statutory rate	$ 466	$ 624
State tax  provision, net of federal income tax	48	48
Change in valuation allowance attributable to operations	(25,093)	(936)
Change in effective tax rate	22,311	-
Pension settlement	-	(213)
Stock compensation	570	-
True-up adjustments and expiration of tax carryforwards and credits	1,568	548
Other, net	19	22
Income tax provision (benefit)	$ (111)	$ 93

Schedule of Deferred Income Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets and liabilities as of December 31, 2017 and 2016 are as follows:

	2017	2016
Property and equipment, principally due to differences in depreciation	$ 71	$ (643)
Inventory reserves and other inventory-related temporary basis differences	361	614
Warranty, vacation, deferred rent and other liabilities	371	687
Retirement liabilities	645	1,032
Net operating loss carryforwards	38,536	62,484
Credit carryforwards	27	36
Other	143	1,037
Total deferred income tax	40,154	65,247
Less valuation allowance	(40,154)	(65,247)
Net deferred income tax	$ -	$ -

Schedule of Worldwide Income Before Income Taxes

Worldwide income before income taxes consisted of the following:

	2017	2016
United States	$ 1,370	$ 1,836
International	-	-
Total	$ 1,370	$ 1,836

Schedule of Components of Income Tax Expense (Benefit)

Income tax benefit (provision) consisted of the following:

	2017	2016
Current
U.S. federal	$ (8)	$ 10
State	(103)	83
Total current expense (benefit)	$ (111)	$ 93
Deferred
U.S. federal	$ 23,012	$ 937
State	2,081	(1)
Total	25,093	936
Valuation allowance increase	(25,093)	(936)
Total deferred expense (benefit)	-	-
Total income tax expense (benefit)	$ (111)	$ 93