Note 7 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

Year ended December 31, (in thousands)	2024			2023
Current	$	2,430		$	2,675
Deferred		(974	)		(1,573	)
Total	$	1,456		$	1,102

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

Year ended December 31,	2024			2023
Statutory rate		21	%		21	%
State and local taxes, net of federal benefit		4.7			4.7
State tax settlement		--			7.0
Research and development credit		(4.5	)		(10.4	)
Foreign tax credit		(6.1	)		(17.6	)
GILTI income inclusion		6.3			22
Other		(0.3	)		(2.2	)
Effective rate		21.1	%		24.5	%

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

(in thousands)	2024			2023
Deferred tax (liabilities) assets:
Unrealized loss on investments	$	1,045		$	1,045
IRC section 174 costs		2,173			1,566
Fixed assets		(1,178	)		(1,111	)
Other		552			118
Total deferred tax asset		2,592			1,618
Less valuation allowance		(517	)		(517	)
Net deferred tax asset	$	2,075		$	1,101