Note 13 - Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Federal Income Tax Note [Table Text Block]

	For the Years Ended
	December 31, 2019			December 31, 2018
Current:
Federal	$	1,907,309		$	1,474,467
State		540,488			373,871
Current income taxes		2,447,797			1,848,338
Deferred:
Federal		(156,892	)		520,163
State		(93,813	)		121,754
Deferred income taxes		(250,705	)		641,917
Total provision for income taxes	$	2,197,092		$	2,490,255

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

	As of December 31, 2019			As of December 31, 2018
Deferred tax assets:
Allowance for doubtful accounts	$	373,438		$	165,083
Inventories		594,628			113,730
Federal NOL		228,637			-
State NOL		80,514			-
Section 481(a) adjustment		-			40,317
Accrued expenses		80,100			46,750
Total deferred tax assets		1,357,317			365,880
Deferred tax liabilities:
Property and equipment		(3,270,536	)		(1,444,008	)
Intangibles assets		(50,327,833	)		-
Total deferred tax liabilities		(53,598,369	)		(1,444,008	)
Net deferred tax liabilities	$	(52,241,052	)	$	(1,078,128	)

	As of December 31, 2019			As of December 31, 2018
Deferred tax assets	$	78,993		$	117,933
Deferred tax liabilities		(52,320,045	)		(1,196,061	)
Net deferred tax liabilities	$	(52,241,052	)	$	(1,078,128	)

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

	For the Years Ended
	December 31, 2019			December 31, 2018
Federal statutory tax rate		21.0	%		21.0	%
State statutory tax rate		4.0	%		4.4	%
U.S. permanent difference		1.0	%		1.0	%
Other		1.2	%		1.7	%
Effective tax rate		27.2	%		28.1	%