Note 9 - Income Taxes

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Income Tax Disclosure [Text Block]

9.        Income Taxes

The Company’s tax provision is based on its estimated annual effective tax rate. The Company continues to fully recognize its tax benefits, and as of June 30, 2022 and December 31, 2021, the Company did not have any unrecognized tax benefits. The Company’s provision for income taxes for the three and six months ended June 30, 2022 and 2021, included the following:

		Three months ended					Six months ended
		June 30,					June 30,
		2022			2021		2022			2021
Provision for federal income taxes - current	$	331,161		$	266,780	$	455,657		$	515,640
Provision for state income taxes - current		---			---		100			100
(Benefit) provision for federal income taxes - deferred		(165,974	)		87,461		(51,319	)		149,454
Total provision for Income taxes	$	165,187		$	354,241	$	404,438		$	665,194