Note 7 - Income Tax (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

	For the Years Ended December 31,
	2019			2018
Federal
Current	$	1,765,556		$	1,182,914
Deferred		(605,928	)		(36,695	)
State
Current		—			—
Deferred		—			—
Change in valuation allowance		570,444			36,695
Income tax provision	$	1,730,072		$	1,182,914

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

	For the Years Ended December 31,
	2019			2018
Statutory federal income tax rate		21.0	%		21.0	%
State taxes, net of federal tax benefit		0.0	%		0.0	%
Deferred tax rate change		0.0	%		0.0	%
Change in valuation allowance		10.4	%		0.7	%
Income tax provision		31.4	%		21.7	%