Note 10 - Provision for Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

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

In Thousands	2025
Income before taxes:
United States of America (U.S.A.)	$	18,022
Non-U.S.A.		-
Total income from continuing operations before income tax expense	$	18,022
Provision for taxes:
Current
Federal	$	894
State		426
International		-
Total current income tax expense		1,320
Deferred
Federal		2,655
State		346
International		-
Total deferred income tax expense		3,001
Total income tax expense	$	4,321

In Thousands	2024
Income before taxes:	$	17,776
Provision (benefit) for taxes:
Current
Federal	$	3,985
State		627
		4,612
Deferred
Federal		188
State		(10	)
		178
	$	4,790

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

In Thousands	2025
Income tax at statutory rate	$	3,785		21.0	%
Increase (decrease) in income tax resulting from
State tax expense, net of federal effect		610		3.4	%
Effect of changes in tax laws or rates enacted in the current period		-
Tax credits		(140	)	(0.8	%)
Valuation allowances		-
Nontaxable items or nondeductible items
Stock based compensation		(34	)	(0.2	%)
Other nontaxable or nondeductible items		103		0.6	%
Changes in unrecognized tax benefits		-
Other		(3	)	(0.0	%)
Recorded provision for income taxes	$	4,321		24.0	%

In Thousands	2024
Income tax at statutory rate	$	3,733
Increase (decrease) in income tax resulting from
State tax expense, net of federal effect		487
Federal true-ups		121
Federal tax credits		(158	)
Sale of Harvard Sports		582
Incentive stock options		(8	)
Other		33
Recorded provision for income taxes	$	4,790

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

In Thousands	2025			2024
Assets
Valuation reserves	$	1,169		$	1,350
Stock based compensation		10			217
Federal and state credits		265			322
Lease obligation		306			288
Other		-			4
Capitalized research costs		448			2,714
Total assets		2,198			4,895
Liabilities
Property and equipment		(833	)		(864	)
Goodwill and intangible assets		(6,511	)		(6,139	)
Lease – right of use asset		(298	)		(277	)
Prepaid insurance		(594	)		(595	)
Total liabilities		(8,236	)		(7,875	)
Valuation Allowance
Beginning balance		(322	)		(319	)
(Increase) Decrease during period		57			(3	)
Ending balance		(265	)		(322	)
	$	(6,303	)	$	(3,302	)

In Thousands	2025			2024
Deferred income tax asset – current	$	-		$	-
Deferred income tax asset (liability) – long-term		(6,303	)		(3,302	)
	$	(6,303	)	$	(3,302	)

Schedule of Income Taxes Paid [Table Text Block]

In Thousands
Federal Taxes Paid	$	1,477
State & Local Taxes Paid
Illinois		89
Other States (Aggregate)		142
Total State and Local Taxes Paid		231
Total Income Taxes Paid, Net	$	1,708