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Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Research and development expenses $ 5,630,000 $ 3,215,000
Inventory 3,215,000 969,000
Lease liabilities 2,286,000 2,348,000
State NOL and tax credit carryforwards 2,091,000 1,534,000
Insurance (primarily product liability) 1,089,000 1,128,000
Vacation 979,000 904,000
Other 981,000 1,794,000
Subtotal 16,271,000 11,892,000
Deferred Tax Assets, Valuation Allowance 1,599,000 954,000
Total deferred tax assets 14,672,000 10,938,000
Right-of-use lease asset 2,286,000 2,348,000
Goodwill and other intangibles 1,469,000 1,921,000
Depreciation 581,000 860,000
Deferred revenue 9,000 6,000
Total deferred tax liabilities 4,345,000 5,135,000
Net deferred tax assets $ 10,327,000 $ 5,803,000