Note 7 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

Year ended December 31, (in thousands)	2023			2022
Current	$	2,675		$	5,231
Deferred		(1,573	)		(77	)
Total	$	1,102		$	5,154

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

Year ended December 31,	2023			2022
Statutory rate		21	%		21	%
State and local taxes, net of federal benefitRE: Gray Television, Inc. - 10K		4.7			4.7
State tax settlement		7.0			–
Research and development credit		(10.4	)		(1.5	)
Foreign tax credit		(17.6	)		(1.3	)
GILTI income inclusion		22			3.9
Other		(2.2	)		0.3
Effective rate		24.5	%		27.1	%

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

(in thousands)	2023			2022
Deferred tax (liabilities) assets:
Unrealized loss on investments	$	1,045		$	788
IRC section 174 costs		1,566			822
Fixed assets		(1,111	)		(1,441	)
Other		118			(124	)
Total deferred tax asset		1,618			45
Less valuation allowance		(517	)		(517	)
Net deferred tax asset (liability)	$	1,101		$	(472	)