Note 8 - Income Tax

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8. Income Tax –

	Three Months Ended, March 31,
	2026			2025
Income before provision for income taxes	$	1,257,489		$	1,065,809
Provision for income taxes		286,000			283,570
Effective tax rates		22.7	%		26.6	%

The effective tax rate decreased for the three months ended March 31, 2026, as compared to the same period in 2025. The decrease was primarily due to higher permanent differences in the prior-year period (decreasing the rate by approximately 1.7%) and increased research and development activity in the current period (reducing the rate by approximately 0.7%).