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Note D - Income Taxes - Reconciliation of the Effective Income Tax Rate (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income taxes at statutory federal income tax rate $ 1,266,000 $ 1,148,000
Income taxes at statutory federal income tax rate of 34%, percent 21.00% 21.00%
Nondeductible expenses $ 1,000 $ 1,000
Nondeductible expenses, percent
Research & development credits $ (8,000) $ (20,000)
Research & development credits, percent (0.10%) (0.30%)
Non-taxable dividends $ (2,000) $ (6,000)
Non-taxable dividends, percent (0.10%)
Other, net $ 12,000 $ (9,000)
Other, net, percent 0.20% (0.20%)
Provision for income taxes $ 1,268,659 $ 1,113,523
Provision for income taxes, percent 21.10% 20.40%