Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

	Years Ended December 31,
	201 9		201 8
Domestic	$	1,804	$	3,647
Foreign		800		1,396
Total	$	2,604	$	5,043

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

	Years Ended December 31,
	201 9			201 8
Current
Domestic – Federal	$	510		$	1,352
Domestic – state		101			190
Foreign		97			381
Total	$	708		$	1,923
Deferred
Domestic – Federal	$	(413	)	$	103
Domestic – state		(13	)		(20	)
Foreign		-			-
Total		(426	)		83
Income tax expense	$	282		$	2,006

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

	December 31,
	201 9			201 8
Deferred tax assets:
Operating lease liabilities	$	1,123		$	-
Net operating loss (state and foreign)		280			299
Inventories		247			212
Accrued vacation pay and stock-based compensation		279			184
Tax credit carryforwards		112			81
Allowance for doubtful accounts		44			46
Accrued warranty		19			20
Acquisition costs		12			13
Other		13			18
Total		2,129			873
Valuation allowance		(234	)		(241	)
Deferred tax assets		1,895			632
Deferred tax liabilities:
Net intangible assets		(2,923	)		(3,167	)
Right of use assets		(1,066	)		-
Depreciation of property and equipment		(169	)		(154	)
Deferred tax liabilities		(4,158	)		(3,321	)
Net deferred tax liabilities	$	(2,263	)	$	(2,689	)

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

	Years Ended December 31,
	201 9			201 8
Expected income tax provision at U.S. statutory rate	$	547		$	1,059
Increase (decrease) in tax from:
Restricted stock		114			67
Dividend from foreign subsidiaries		97			175
NOL carryforwards utilized		32			118
Global intangible low taxed income		30			57
Nondeductible expenses		4			1,466
Current year tax credits (foreign and research)		(234	)		(553	)
Domestic tax expense (benefit), net of Federal benefit		(184	)		310
Section 250 foreign derived intangible income deduction		(145	)		(233	)
Foreign income tax rate differences		(51	)		90
Changes in valuation allowance		(7	)		(129	)
Federal transition tax payable		-			(476	)
Other		79			55
Income tax expense	$	282		$	2,006