v3.26.1
Note 7 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2025
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

 

 

Years ended December 31,

 

 

 

2025

Percent

2024

Percent

2023

Percent

Federal income tax expense at the statutory rate

 

$2,477  

21.00% 

$2,794  

21.00% 

$2,346  

21.00% 

State income taxes

 

428  

3.63% 

504  

3.79% 

439  

3.93% 

Foreign income taxes (blended rate)

 

 

 

 

 

 

 

Ireland

 

602  

5.10% 

802  

6.03% 

1,070  

9.58% 

United Kingdom

 

(839)  

(7.11)% 

(922) 

(6.93)% 

(353) 

(3.16)% 

Other Foreign Jurisdictions

 

(3) 

(0.03)% 

119  

0.89% 

233  

2.09% 

Tax Credits

 

Research and development tax credits

 

(15) 

(0.13)% 

(18) 

(0.13)% 

(3) 

(0.03)% 

Non-taxable or Non-deductible items

 

 

 

 

 

 

 

Tax-exempt income

 

(165) 

(1.40)% 

(201) 

(1.51)% 

(195) 

(1.75)% 

Other

 

30  

0.25% 

31  

0.23% 

33  

0.29% 

Other Adjustments

 

 

 

 

 

 

 

Section 965 Tax

 

353  

2.99% 

 

 

 

 

Other Adjustments

 

(43) 

(0.37)% 

(182) 

(1.36)% 

(117) 

(1.04)% 

Total

 

$2,824  

23.94% 

$2,928  

22.01% 

$3,454  

30.92%