v3.26.1
Note 9 - Income Taxes
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

NOTE 9INCOME TAXES

 

As of June 30, 2026 and December 31, 2025, the Company had no unrecognized tax benefits recorded. The Company’s effective tax rate for the three and six months ended  June 30, 2026 was an expense of 131.3% and 3.6%, respectively, versus an expense of 8.5% and a benefit of 13.6% for the three and six months ended  June 30, 2025, respectively. In each period, the effective tax rate differs from the statutory rate due to the mix of jurisdictions generating income and the valuation allowance against certain loss and interest carryforwards in the United States.