Note 12 - Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($) |
Dec. 31, 2022 |
Dec. 31, 2021 |
---|---|---|
Inventories | $ 221,441 | $ 190,588 |
Bad debts | 5,757 | 5,549 |
Accrued liabilities | 677,728 | 373,932 |
Prepaid expense | (136,419) | (210,244) |
Depreciation and amortization | (3,111,224) | (3,638,314) |
Capitalized Costs | 629,085 | 0 |
Research and development and other credit carryforwards | 443,689 | 450,377 |
Right of use lease accounting | (80,376) | 4,860 |
Directors stock option plan | 180,761 | 185,201 |
Total deferred tax liability | (1,169,558) | (2,638,051) |
Valuation allowance | (39,000) | (47,319) |
Reserve for uncertain tax positions | (176,000) | (590,000) |
Total reserves & allowances | (215,000) | (637,319) |
Net deferred tax liability, net of reserves | $ (1,384,558) | $ (3,275,370) |
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from capitalized cost. No definition available.
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from right of use assets. No definition available.
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X | ||||||||||
- Definition Amount of valuation allowance, not including reserves, of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as current. No definition available.
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X | ||||||||||
- Definition Amount of reserves included in the valuation allowance of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as current. No definition available.
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X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible research tax credit carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from employee compensation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary difference from allowance for credit loss on accounts receivable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount of deferred tax consequences attributable to taxable temporary differences derived from prepaid expenses. No definition available.
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X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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