Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Years Ended December 31,
	2018		2017
Domestic	$	3,647	$	2,580
Foreign		1,396		1,258
Total	$	5,043	$	3,838

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

	Years Ended December 31,
	2018			2017
Current
Domestic – Federal	$	1,352		$	4,106
Domestic – state		190			175
Foreign		381			212
Total	$	1,923		$	4,493
Deferred
Domestic – Federal	$	103		$	(1,886	)
Domestic – state		(20	)		244
Foreign		-			12
Total		83			(1,630	)
Income tax expense	$	2,006		$	2,863

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

	December 31,
	2018			2017
Deferred tax assets:
Net operating loss (state and foreign)	$	299		$	444
Inventories		212			185
Accrued vacation pay and stock-based compensation		184			156
Tax credit carryforwards		81			206
Depreciation of property and equipment		-			97
Allowance for doubtful accounts		46			47
Accrued warranty		20			20
Acquisition costs		13			15
Other		18			15
Total		873			1,185
Valuation allowance		(241	)		(370	)
Deferred tax assets		632			815
Deferred tax liabilities:
Net intangible assets		(3,167	)		(3,421	)
Depreciation of property and equipment		(154	)		-
Deferred tax liabilities		(3,321	)		(3,421	)
Net deferred tax liabilities	$	(2,689	)	$	(2,606	)

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

	Years Ended December 31,
	2018			2017
Expected income tax provision at U.S. statutory rate	$	1,059		$	1,343
Increase (decrease) in tax from:
Nondeductible expenses		1,466			2,463
Domestic tax expense, net of Federal benefit		310			791
Deemed dividend from foreign subsidiaries		175			423
NOL carryforwards utilized		118			36
Foreign income tax rate differences		90			(229	)
Restricted stock		67			(59	)
Global intangible low taxed income		57			-
Current year tax credits (foreign and research)		(553	)		(379	)
Federal transition tax payable		(476	)		476
Section 250 foreign derived intangible income deduction		(233	)		-
Changes in valuation allowance		(129	)		17
Federal tax rate changes		-			(1,843	)
Domestic production activities deduction		-			(290	)
Acquisition costs		-			142
Other		55			(28	)
Income tax expense	$	2,006		$	2,863