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Note 6 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Year ended December 31, (in thousands)

 

2022

   

2021

 

Current

  $ 5,231     $ 2,951  

Deferred

    (77 )     (227 )

Total

  $ 5,154     $ 2,724  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Year ended December 31,

 

2022

   

2021

 

Statutory rate

    21 %     21 %

State and local taxes, net of federal benefit

    4.7       5.8  

Equity compensation

    -       0.3  

Research and development credit

    (1.5 )     (2.6 )

Foreign tax credit

    (1.3 )     (1.3 )

GILTI income inclusion

    3.9       -  

Other

    0.3       -  

Effective rate

    27.1 %     23.2 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands)

 

2022

   

2021

 

Deferred tax (liabilities) assets:

               

Unrealized loss on investments

  $ 788     $ 896  

IRC section 174 costs

    822          

Foreign Tax Credit

    -       259  

Fixed assets

    (1,441 )     (1,335 )

Other

    (124 )     148  

Total deferred tax asset (liability)

    45       (32 )

Less valuation allowance

    (517 )     (517 )

Net deferred tax liability

    (472 )   $ (549 )