v3.26.1
Note 15 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

For the Year Ended December 31,

 
  

2025

  

2024

 

Current income tax provision (benefit)

        

Federal

 $  $ 

State

      
       

Deferred income tax provision (benefit)

        

Federal

  (1,843)  3,050 

State

  33   91 
   (1,810)  3,141 

Income tax provision (benefit)

 $(1,810) $3,141 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

For the Year Ended December 31, 2025

 
  

Amount

  

Percent

 

U.S. federal statutory rate

  (4,096)  (21.0)%

State and local income taxes, net of federal income tax effect

        

Other state tax benefit*

  (706)  (3.6)%

State change in valuation allowance

  739   3.8%

Changes in valuation allowances

  2,076   10.6%

Nontaxable or nondeductible items

        

Royalty mark to market

  (1,199)  (6.1)%

Loss on debt extinguishment

  685   3.5%

Other

  16   0.1%

Other adjustments

        

Section 382 NOL limitation adjustment

  675   3.5%

Income tax provision (benefit)

 $(1,810)  (9.3)%
         

Effective tax rate

  (9.3)%    
  

For the Year Ended December 31, 2024

 

U.S. federal statutory rate

  (21.0)%

Section 382 NOL limitation

  75.7%

Nondeductible expenses

  0.1%

State income taxes, net of federal benefits

  33.8%

Stock-based compensation

  0.3%

Royalty mark to market

  3.5%

Change in valuation allowance

  (70.7)%

Other

  1.6%

Effective tax rate

  23.3%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

December 31,

 
  

2025

  

2024

 

Deferred tax assets:

        

Net operating loss carryforwards

 $14,834  $12,358 

Stock-based compensation

  43   15 

Capitalized research and development

  1,276   896 

Intangible assets

  35   41 

Operating lease liabilities

  41   25 

Accrued compensation

  11   5 

Other accruals

  1   3 

Fixed asset basis

  9   3 

Total gross deferred tax assets

  16,250   13,346 

Deferred tax liabilities:

        

Operating lease right-of-use assets

  (40)  (24)

Intangible assets

  (3,768)  (5,506)

Total gross deferred tax liabilities

  (3,808)  (5,530)

Valuation allowance

  (13,773)  (10,957)

Net deferred tax liability

 $(1,331) $(3,141)