Note 11 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

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

	Years Ended December 31,
	2020			2019
Domestic	$	(2,017	)	$	1,804
Foreign		786			800
Total	$	(1,231	)	$	2,604

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

	Years Ended December 31,
	2020			2019
Current
Domestic – Federal	$	(182	)	$	510
Domestic – state		53			101
Foreign		135			97
Total	$	6		$	708
Deferred
Domestic – Federal	$	(299	)	$	(413	)
Domestic – state		(7	)		(13	)
Foreign		(36	)		-
Total		(342	)		(426	)
Income tax expense	$	(336	)	$	282

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

	December 31,
	2020			2019
Deferred tax assets:
Operating lease liabilities	$	1,601		$	1,123
Inventories		321			247
Accrued vacation pay and stock-based compensation		252			279
Net operating loss (state and foreign)		241			280
Allowance for doubtful accounts		44			44
Accrued warranty		13			19
Acquisition costs		10			12
Tax credit carryforwards		5			112
Other		71			13
Total		2,558			2,129
Valuation allowance		(169	)		(234	)
Deferred tax assets		2,389			1,895
Deferred tax liabilities:
Net intangible assets		(2,697	)		(2,923	)
Right of use assets		(1,400	)		(1,066	)
Depreciation of property and equipment		(214	)		(169	)
Deferred tax liabilities		(4,311	)		(4,158	)
Net deferred tax liabilities	$	(1,922	)	$	(2,263	)

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

	Years Ended December 31,
	2020			2019
Expected income tax expense (benefit) at U.S. statutory rate	$	(259	)	$	547
Increase (decrease) in tax from:
Dividend from foreign subsidiaries		83			97
NOL carryforwards utilized		64			32
Restricted stock compensation		62			114
Global intangible low taxed income		35			30
Nondeductible expenses		8			4
Current year tax credits (foreign and research)		(82	)		(234	)
Domestic tax benefit, net of Federal benefit		(68	)		(184	)
Changes in valuation allowance		(65	)		(7	)
Foreign income tax rate differences		(34	)		(51	)
Section 250 foreign derived intangible income deduction		(9	)		(145	)
Other		(71	)		79
Income tax expense (benefit)	$	(336	)	$	282