Note 8 - Taxation (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

	2022			2021
Earnings before income tax	$	(1,119,040	)	$	(1,032,174	)
Expected tax		—			—
Foreign taxes at local expected rates		(15,477	)		6,857
Change in deferred tax asset of US subsidiary		(132,000	)		(69,000	)
Deferred tax expense from enacted rate reductions		—			—
Change in valuation allowance		959,000			624,000
Net tax expense	$	811,523		$	561,857

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

	2022		2021
Capitalized start-up expenses	$	29,000	$	44,000
Operating loss carryforwards		136,000		945,000
Unearned commission income		40,000		50,000
Depreciation and amortization		27,000		20,000
Deferred tax assets	$	232,000	$	1,059,000