v3.26.1
Note 7 - Income Taxes (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Summary of Operating Loss Carryforwards [Table Text Block]

Tax Year End

 

NOL

   

Expiration

 

2006

  $ 1,350,961       2026  

2007

    1,740,724       2027  

2008

    918,960       2028  

2009

    835,322       2029  

2010

    429,827       2030  

2013

    504,862       2033  

2016

    474,465       2036  

2017

    1,267,336       2037  

Total

  $ 7,522,457          

Tax Year End

 

NOL

 

2018

  $ 4,410,916  

2019

    2,730,461  

2020

    2,272,315  

2022

    3,609,279  

2025

    1,013,889  

Total

  $ 14,036,860  

Total loss carryforwards

  $ 21,559,317  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

Three Months Ended March 31, 2026

   

Three Months Ended March 31, 2025

 
                 

Current provision:

               

Federal

  $     $  

State

    104,790       62,554  
      104,790       62,554  
                 

Deferred provision:

               

Federal income tax

    67,084        
                 

Income tax expense

  $ 171,874     $ 62,554  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

Three Months Ended March 31, 2026

   

Three Months Ended March 31, 2025

 
   

Amount

   

Rate

   

Amount

   

Rate

 
                                 

Income tax (benefit) at 21%

  $ 61,819       21.0 %   $ (36,207 )     21.0 %

Change in valuation allowance

          0.0 %           0.0 %

Permanent and other differences

    5,265       1.8 %     36,207       -21.0 %

State taxes

    104,790       35.6 %     62,554       -36.3 %
                                 

Income tax expense

  $ 171,874       58.4 %   $ 62,554       -36.3 %