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Note 10 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

For the Years Ended December 31,

 
   

2024

   

2023

 
                 

Current

  $ 1,030,000     $ 1,558,000  

Deferred

    61,000       (322,000 )
                 

Provision for income taxes

  $ 1,091,000     $ 1,236,000  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

December 31,

 
   

2024

   

2023

 

Temporary differences:

               

Property and equipment

  $ (1,234,000 )   $ (858,000 )

Intangible assets

    158,000       102,000  

Inventory reserve

    87,000       61,000  

Accrued expenses and inventory

    392,000       199,000  

Right of Use Asset

    (1,872,000 )     (1,281,000 )

Foreign exchange

    29,000       16,000  

Lease Liability

    1,885,000       1,289,000  

AMT/Foreign tax credits

    188,000       141,000  

State income taxes

    (136,000 )     (111,000 )
                 

Net deferred income tax liabilities

  $ (503,000 )   $ (442,000 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

For the Years Ended December 31,

 
   

2024

   

2023

 

Income taxes based on U.S. statutory rate of 21%

  $ 1,054,000     $ 1,150,000  

Non-deductible meals & entertainment

    9,000       12,000  

FDII deduction

    (5,000 )     (6,000 )

Foreign taxes

    (136,000 )     (82,000 )

State taxes

    200,000       169,000  

Stock Compensation

    (33,000 )     18,000  

Other

    2,000       (25,000 )
                 

Provision for income taxes

  $ 1,091,000     $ 1,236,000