Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

	Years Ended December 31,
	2021		2020
Domestic	$	7,372	$	(2,017	)
Foreign		1,030		786
Total	$	8,402	$	(1,231	)

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

	Years Ended December 31,
	2021			2020
Current
Domestic – Federal	$	1,208		$	(182	)
Domestic – state		140			53
Foreign		259			135
Total	$	1,607		$	6
Deferred
Domestic – Federal	$	(387	)	$	(299	)
Domestic – state		(31	)		(7	)
Foreign		(70	)		(36	)
Total		(488	)		(342	)
Income tax expense	$	1,119		$	(336	)

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

	December 31,
	2021			2020
Deferred tax assets:
Operating lease liabilities	$	1,407		$	1,601
Inventories		387			321
Accrued vacation pay and stock-based compensation		354			252
Net operating loss (state and foreign)		205			241
Allowance for doubtful accounts		45			44
Accrued warranty		31			13
Acquisition costs		9			10
Tax credit carryforwards		17			5
Other		49			71
Total		2,504			2,558
Valuation allowance		(64	)		(169	)
Deferred tax assets		2,440			2,389
Deferred tax liabilities:
Net intangible assets		(2,381	)		(2,697	)
Right-of-use assets		(1,245	)		(1,400	)
Depreciation of property and equipment		(193	)		(214	)
Deferred tax liabilities		(3,819	)		(4,311	)
Net deferred tax liabilities	$	(1,379	)	$	(1,922	)

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

	Years Ended December 31,
	2021			2020
Expected income tax expense (benefit) at U.S. statutory rate	$	1,764		$	(259	)
Increase (decrease) in tax from:
Acquisition costs		163			-
Dividend from foreign subsidiaries		146			83
NOL carryforwards utilized		56			64
Restricted stock compensation		(126	)		62
Global intangible low taxed income		28			35
Nondeductible expenses		8			8
Current year tax credits (foreign and research)		(386	)		(82	)
Domestic tax benefit, net of Federal benefit		153			(68	)
Changes in valuation allowance		(105	)		(65	)
Foreign income tax rate differences		9			(34	)
Section 250 foreign derived intangible income deduction		(599	)		(9	)
Other		8			(71	)
Income tax expense (benefit)	$	1,119		$	(336	)