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Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		For the year ended December 31,
		2021				2020				2019
Current:
Federal		$	19,211,782			$	5,111,667			$	(663,114	)
State and local			513,753				447,965				143,455
Foreign			13,994				—				—
Total current provision (benefit)			19,739,529				5,559,632				(519,659	)
Deferred:
Federal			89,947				11,375,962				(2,092,585	)
State and local			31,499				230,987				(325,032	)
Foreign			—				—				—
Total deferred provision (benefit)			121,446				11,606,949				(2,417,617	)
Total provision (benefit)		$	19,860,975			$	17,166,581			$	(2,937,276	)

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

		As of December 31,
		2021				2020(1)
Deferred income tax assets:
Net operating losses		$	1,293,912			$	1,293,842
Inventory			184,046				224,656
Reserves and accruals			741,684				725,875
Amortization of intangible assets			50,107				80,930
Share-based compensation			280,396				398,165
Deferred revenue			702,617				709,480
Lease liability			570,446				520,830
Other			267,050				191,174
Deferred income tax assets			4,090,258				4,144,952
Less: valuation allowance			(1,022,191	)			(1,022,135	)
Deferred income tax assets, net of valuation allowance		$	3,068,067			$	3,122,817
Deferred income tax liabilities:
Amortization of goodwill			(197,245	)			(199,172	)
Property, plant and equipment			(156,289	)			(81,065	)
Other			(291,926	)			(298,527	)
Deferred income tax asset, net		$	2,422,607			$	2,544,053

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		As of December 31,
		2021				2020				2019
Statutory federal income tax rate			21.0	%			21.0	%			21.0	%
State and local taxes			0.5	%			0.7	%			1.3	%
Change in fair value of common stock warrant			—				1.0	%			10.5	%
Section 162(m) limitation			0.5	%			0.5	%			(6.0	)%
Other			0.2	%			0.2	%			2.1	%
Effective tax rate			22.2	%			23.4	%			28.9	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		For the year ended December 31,
		2021				2020				2019
Balance at beginning of year		$	5,591,587			$	5,649,188			$	5,738,964
Tax positions related to the current and prior years:
Additions			11,000				—				—
Reductions			—				(57,601	)			(89,776	)
Settlements			—				—				—
Lapses in applicable statutes of limitation			—				—				—
Balance at the end of the year		$	5,602,587			$	5,591,587			$	5,649,188

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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