Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2022			2021
Current income tax (expense) benefit
Federal	$	(2,533	)	$	-
State & Local		(7,566	)		(1,813	)
		(10,099	)		(1,813	)
Deferred income tax (expense) benefit
Federal		723,041			973,918
State & Local		385,342			98,749
		1,108,383			1,072,667
Income tax benefit	$	1,098,284		$	1,070,854

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2022			2021
Loss before taxes	$	(18,852,122	)	$	(2,202,303	)
Income tax benefit at federal statutory rate	$	3,957,892		$	462,484
State income tax benefit, net of federal benefit		379,365			97,318
Permanent Differences		(1,313,947	)		(111,237	)
Net Operating Loss ("NOL") expirations		(12,431	)		-
Other		163,945			19,485
Federal valuation allowance		(2,076,540	)		602,804
Income tax benefit	$	1,098,284		$	1,070,854

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2022			2021
Deferred tax assets
Net operating losses	$	2,649,902		$	547,035
Stock-based compensation		743,915			428,072
Accrued commissions		17,836			50,047
Accrued vacations		46,665			41,331
Fixed assets		1,509			-
Other		28,025			-
Deferred tax assets before valuation allowance		3,487,852			1,066,485
Valuation allowance		(2,793,271	)		-
Net deferred tax assets		694,581			1,066,485
Deferred tax liabilities
Intangible Assets		(753,702	)		(2,185,281	)
Fixed Assets		-			(3,434	)
Other		-			(45,274	)
Deferred tax liabilities		(753,702	)		(2,233,989	)
Net deferred tax liabilities	$	(59,121	)	$	(1,167,504	)