v3.26.1
Note 7 - Income Taxes (Tables)
6 Months Ended
Jun. 30, 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]
  

Six Months Ended June 30, 2026

  

Six Months Ended June 30, 2025

 
         

Current provision:

        

Federal

 $—  $— 

State

  220,168   131,411 
   220,168   131,411 
         

Deferred provision:

        

Federal income tax

  121,803   — 
         

Income tax expense

 $341,971  $131,411 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

Six Months Ended June 30, 2026

  

Six Months Ended June 30, 2025

 
  

Amount

  

Rate

  

Amount

  

Rate

 
                 

Income tax (benefit) at 21%

 $156,356   21.0% $(98,745)  21.0%

Change in valuation allowance

  —   —%  —   —%

Permanent and other differences

  (34,553)  (4.6)%  98,745   (21.0)%

State taxes

  220,168   29.6%  131,411   (27.9)%
                 

Income tax expense

 $341,971   45.9% $131,411   (27.9)%