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Note 8 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Inventories $ 202,000 $ 254,000
Accrued employees' compensation and benefits costs 316,000 362,000
Postretirement adjustment (accumulated other comprehensive loss) 566,000 635,000
Accrued litigation settlement 128,000 39,000
State credit carryforwards 157,000 177,000
Federal credit carryforwards 302,000 0
Federal net operating loss carryforward 482,000 1,493,000
Bad debt reserve 3,000 26,000
Warranty reserve 70,000 114,000
Research and experimentation expenses 2,217,000 751,000
Customer accruals 156,000 344,000
Sec 163(j) disallowed interest 46,000 83,000
Other 1,000 1,000
Total deferred tax assets 4,646,000 4,279,000
Valuation allowance (3,727,000) (3,145,000)
Net deferred tax assets 919,000 1,134,000
Prepaid expenses (78,000) (71,000)
Property, plant and equipment (841,000) (853,000)
Other receivable - insurance proceeds 0 (210,000)
Total deferred tax liabilities (919,000) (1,134,000)
Net deferred tax assets $ 0 $ 0