Note 9 - Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2021 |
Notes Tables |
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Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | YEARS ENDED December 31, | |
| | 2021 | | | 2020 | |
Current: | | | | | | | | |
Federal | | $ | 9,000 | | | $ | 209,000 | |
State | | | 93,000 | | | | 88,000 | |
Foreign | | | 107,000 | | | | 117,000 | |
Total current | | | 209,000 | | | | 414,000 | |
| | | | | | | | |
Deferred: | | | | | | | | |
Federal | | | 98,000 | | | | (1,909,000 | ) |
State | | | (18,000 | ) | | | (266,000 | ) |
Foreign | | | (20,000 | ) | | | 24,000 | |
Total deferred | | | 60,000 | | | | (2,151,000 | ) |
| | $ | 269,000 | | | $ | (1,737,000 | ) |
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Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | December 31, | |
| | 2021 | | | 2020 | |
Deferred tax liabilities: | | | | | | | | |
Property and equipment | | $ | (1,055,000 | ) | | $ | (564,000 | ) |
| | | | | | | | |
Total deferred tax liabilities | | | (1,055,000 | ) | | | (564,000 | ) |
| | | | | | | | |
Deferred tax assets: | | | | | | | | |
Net operating loss carryforwards | | | 360,000 | | | | 99,000 | |
Accruals and allowances | | | 41,000 | | | | 43,000 | |
Lease liabilities | | | 136,000 | | | | - | |
Tax credits | | | 4,000 | | | | 5,000 | |
Other – net | | | 87,000 | | | | 50,000 | |
Capital loss carryover | | | 646,000 | | | | 627,000 | |
| | | | | | | | |
Total deferred tax assets | | | 1,274,000 | | | | 824,000 | |
| | | | | | | | |
Valuation allowance | | | (697,000 | ) | | | (678,000 | ) |
| | | | | | | | |
Deferred tax assets net of valuation allowance | | | 577,000 | | | | 146,000 | |
| | | | | | | | |
Net deferred tax liabilities | | $ | (478,000 | ) | | $ | (418,000 | ) |
| | December 31, | |
| | 2021 | | | 2020 | |
Deferred income taxes (non-current) | | $ | (478,000 | ) | | $ | (418,000 | ) |
| | $ | (478,000 | ) | | $ | (418,000 | ) |
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Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | YEARS ENDED December 31, | |
| | 2021 | | | 2020 | |
Computed expected federal income tax | | $ | 79,000 | | | $ | (1,844,000 | ) |
State income taxes, net of federal benefit | | | 69,000 | | | | (199,000 | ) |
Non-deductible expenses | | | 28,000 | | | | 6,000 | |
Return to Provision True-up | | | 19,000 | | | | 22,000 | |
Uncertain Tax Positions | | | 14,000 | | | | 16,000 | |
Capital loss carryforward expiration | | | - | | | | 246,000 | |
Change in valuation allowance | | | 19,000 | | | | (243,000 | ) |
Other deferred tax adjustments | | | 41,000 | | | | 259,000 | |
| | | | | | | | |
| | $ | 269,000 | | | $ | (1,737,000 | ) |
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Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
| | YEARS ENDED December 31, | |
| | 2021 | | | 2020 | |
Balance at beginning of year | | $ | 275,000 | | | $ | 259,000 | |
Additions based on tax positions of prior years | | | 20,000 | | | | 16,000 | |
| | | | | | | | |
Balance at end of year | | $ | 295,000 | | | $ | 275,000 | |
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