Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

	2024			2023
Current:
Federal	$	-		$	(3	)
State		109			60
Total current income taxes		109			57
Deferred:
Federal		-			-
State		(19	)		-
Total deferred income taxes		(19	)		-
Total provision for income taxes	$	90		$	57

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

	2024			2023
Deferred tax assets:
Accounts receivable, credit losses	$	65		$	63
Reserves not deductible until paid		122			6
Net operating loss carryforwards
Federal		1,270			2,030
State		592			579
Federal tax credit		1,408			1,261
Operating lease liabilities		351			337
Section 163(j) business interest expense carryforward		857			682
Other		126			22
Gross deferred tax assets		4,791			4,980
Less valuation allowance		(3,018	)		(2,965	)
Deferred tax assets net of valuation allowance	$	1,773		$	2,015
Deferred tax liabilities:
Property and equipment	$	(1,395	)	$	(1,670	)
Operating lease right of use assets		(351	)		(337	)
Gross deferred tax liabilities	$	(1,746	)	$	(2,007	)
Net deferred tax asset	$	27		$	8

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

	2024			2023
Income (loss) before income taxes	$	1,042		$	(1,987	)
Less net loss attributable to non-controlling interest in subsidiary		(366	)		(269	)
Income (loss) before income taxes attributable to
Avalon Holdings Corporation common shareholders		1,408			(1,718	)
Federal statutory rate		21	%		21	%
Computed Federal provision (benefit) for income taxes		296			(361	)
State income taxes, net of federal income tax benefits		71			47
Change in valuation allowance		53			477
Increase in available federal tax credit		(187	)		(185	)
Other nondeductible expenses		41			41
Adjustment to deferred tax balances		(184	)		38
Total provision for income taxes	$	90		$	57