Note 2 - Change in Accounting Policy (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Accounting Standards Update and Change in Accounting Principle [Table Text Block]

	Previously			(1)
	Reported			Adjustments			Revised
As of December 31, 2022
Shareholders' equity:
Common stock, $.01 par value: 50,000,000 shares authorized; 12,226,306 and 13,115,341 shares outstanding as of December 31, 2022 and December 31, 2021, respectively	$	123,000		$	-		$	123,000
Additional paid in capital		-			17,099,000			17,099,000
Retained earnings		62,124,000			(17,099,000	)		45,025,000
Accumulated other comprehensive loss		(1,489,000	)		-			(1,489,000	)
Total shareholders' equity		60,758,000			-			60,758,000
Total liabilities and shareholders' equity	$	64,803,000		$	-		$	64,803,000

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital*			Earnings**			Loss			Total
Balance as of December 31, 2021 as revised		13,115,341		$	132,000		$	18,131,000		$	44,357,000		$	(869,000	)	$	61,751,000
Common stock repurchased and retired as revised		(910,700	)		(9,000	)		(1,259,000	)		(2,614,000	)		-			(3,882,000	)
Options exercised		21,665			-			80,000			-			-			80,000
Share-based compensation expense		-			-			147,000			-			-			147,000
Total comprehensive income (loss)		-			-			-			3,282,000			(620,000	)		2,662,000
Balance as of December 31, 2022 as revised		12,226,306		$	123,000		$	17,099,000		$	45,025,000		$	(1,489,000	)	$	60,758,000