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Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Research and development expenses $ 3,215,000 $ 1,284,000
State NOL and tax credit carryforwards 1,534,000 2,336,000
Insurance (primarily product liability) 1,128,000 1,142,000
Other 1,654,000 1,457,000
Inventory 969,000 1,095,000
Vacation 904,000 908,000
Doubtful accounts 140,000 1,933,000
Subtotal 9,544,000 10,155,000
Deferred Tax Assets, Valuation Allowance 954,000 1,960,000
Total deferred tax assets 8,590,000 8,195,000
Goodwill and other intangibles 1,921,000 2,157,000
Depreciation 860,000 532,000
Deferred revenue 6,000 0
Total deferred tax liabilities 2,787,000 2,689,000
Net deferred tax assets $ 5,803,000 $ 5,506,000