Note 6 - Taxation (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

	2021			2020
Earnings before income tax	$	(1,036,719	)	$	(13,603,715	)
Expected tax		—			—
Foreign taxes at local expected rates		6,857			38,500
Change in deferred tax asset of US subsidiary		(69,000	)		950,000
Deferred tax expense from enacted rate reductions		—			—
Change in valuation allowance		624,000			—
Net tax expense	$	561,857		$	988,500

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

	2021		2020
Capitalized start-up expenses	$	44,000	$	58,000
Operating loss carryforwards		945,000		1,483,000
Unearned commission income		50,000		61,000
Depreciation and amortization		20,000		12,000
Deferred tax assets	$	1,059,000	$	1,614,000