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

Years Ended December 31,

 
   

2025

   

2024

 
                 

Current taxes:

               

Federal

  $       $ -  

State

    -          

Current taxes

    -       -  

Deferred taxes:

               

Federal

  $ -     $ (163,000 )

State

    -       -  

Deferred taxes

    -       (163,000 )

Income tax provision

  $ -     $ (163,000 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

Year Ended December 31,

 
   

2025

   

2024

 
   

Amount

   

Percent

    Amount    

Percent

 

Income tax benefit at the federal statutory rate

  $ (1,639,000 )     21.0 %   $ (466,000 )     21.0 %

State income tax, net of federal taxes

    (529,000 )     6.7       (106,000 )     5.2  

Permanent differences and other

    37,000       (0.5 )     (6,000 )     0.3  

True up to tax return for JV investments

                               

Stock-based compensation shortfall

    504,000       (6.4 )                

Variance-reversal of previous tax provision

    -               163,000       (7.9 )

Change in valuation allowance

    1,627,000       (20.8 )     252,000       (12.3 )
                                 

Income tax benefit

  $ -       0 %   $ (163,000 )     7.9 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

December 31,

 
   

2025

   

2024

 

Deferred tax asset:

               

Basis differences in unconsolidated entities, including advances and loans to those entities

  $ 230,000     $ 210,000  

Net intangible assets and other capitalized costs

    1,013,000          

Net operating loss

    1,015,000       499,000  

Net effect of conversion from the accrual basis of accounting to the cash basis of accounting for tax purposes primarily related to accounts receivable, prepaid expense, deferred revenue, and accounts payable

    63,000       11,000  
Stock based compensation     19,000          

Valuation allowance

    (2,340,000 )     (720,000 )

Net deferred tax asset

  $ -     $ -