Note 11 - Income Taxes

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

11. 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 September 30, 2024 and December 31, 2023, the Company did not have any unrecognized tax benefits. The Company’s provision for income taxes for the three and nine months ended September 30, 2024 and 2023 includes the following:

	Three months ended					Nine months ended
	September 30,					September 30,
	2024			2023		2024			2023
Provision for federal income taxes - current	$	299,492		$	152,350	$	771,532		$	317,128
Provision for state income taxes - current		-			-		225			250
(Benefit from) provision for federal income taxes – deferred		(68,691	)		8,091		(51,263	)		158,544
Total provision for income taxes	$	230,801		$	160,441	$	720,494		$	475,922