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Note 13 - Equity | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Equity [Text Block] | 13. Equity The tables below present changes in stockholders' equity for the three and nine months ended September 30, 2024 and 2023.
|  | Common Stock |  |  | Additional Paid-in |  |  | Accumulated |  |  | Other Comprehensive |  |  | Total Stockholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Income |  |  | Equity |
Balances at June 30, 2024 |  |  | 71,305,893 |  |  | $ | 7,131 |  |  | $ | 237,502,156 |  |  | $ | (69,950,738 | ) |  | $ | — |  |  | $ | 167,558,549 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,343,945 |  |  |  | — |  |  |  | 1,343,945 |
Payment of common stock tendered for employee stock-based compensation tax obligations |  |  | (37,427 | ) |  |  | (4 | ) |  |  | (282,596 | ) |  |  | — |  |  |  | — |  |  |  | (282,600 | )
Issuance of common stock upon vesting of RSUs |  |  | 100,808 |  |  |  | 10 |  |  |  | (10 | ) |  |  | — |  |  |  | — |  |  |  | — |
Cash dividend ($0.60 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,466 |  |  |  | — |  |  |  | 8,466 |
Stock-based compensation |  |  | — |  |  |  | — |  |  |  | 813,774 |  |  |  | — |  |  |  | — |  |  |  | 813,774 |
Balances at September 30, 2024 |  |  | 71,369,274 |  |  | $ | 7,137 |  |  | $ | 238,033,324 |  |  | $ | (68,598,327 | ) |  | $ | — |  |  | $ | 169,442,134 |
|  | Common Stock |  |  | Additional Paid-in |  |  | Accumulated |  |  | Other Comprehensive |  |  | Total Stockholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Income |  |  | Equity |
Balances at December 31, 2023 |  |  | 71,091,616 |  |  | $ | 7,109 |  |  | $ | 235,795,420 |  |  | $ | (38,943,622 | ) |  | $ | — |  |  | $ | 196,858,907 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13,453,901 |  |  |  | — |  |  |  | 13,453,901 |
Issuance of common stock |  |  | 49,940 |  |  |  | 5 |  |  |  | (5 | ) |  |  | — |  |  |  | — |  |  |  | — |
Payment of common stock tendered for employee stock-based compensation tax obligations |  |  | (82,136 | ) |  |  | (8 | ) |  |  | (638,131 | ) |  |  | — |  |  |  | — |  |  |  | (638,139 | )
Issuance of common stock upon vesting of RSUs |  |  | 309,854 |  |  |  | 31 |  |  |  | (31 | ) |  |  | — |  |  |  | — |  |  |  | — |
Cash dividend ($0.60 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (43,108,606 | ) |  |  | — |  |  |  | (43,108,606 | )
Stock-based compensation |  |  | — |  |  |  | — |  |  |  | 2,876,071 |  |  |  | — |  |  |  | — |  |  |  | 2,876,071 |
Balances at September 30, 2024 |  |  | 71,369,274 |  |  | $ | 7,137 |  |  | $ | 238,033,324 |  |  | $ | (68,598,327 | ) |  | $ | — |  |  | $ | 169,442,134 |
|  | Common Stock |  |  | Additional Paid-in |  |  | Accumulated |  |  | Other Comprehensive |  |  | Total Stockholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Income |  |  | Equity |
Balances at June 30, 2023 |  |  | 71,082,944 |  |  | $ | 7,109 |  |  | $ | 234,873,128 |  |  | $ | (110,806,181 | ) |  | $ | — |  |  | $ | 124,074,056 |
Net loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (393,066 | ) |  |  | — |  |  |  | (393,066 | )
Issuance of common stock upon exercise of stock options |  |  | 8,672 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Stock-based compensation |  |  | — |  |  |  | — |  |  |  | 459,823 |  |  |  | — |  |  |  | — |  |  |  | 459,823 |
Balances at September 30, 2023 |  |  | 71,091,616 |  |  | $ | 7,109 |  |  | $ | 235,332,951 |  |  | $ | (111,199,247 | ) |  | $ | — |  |  | $ | 124,140,813 |
|  | Common Stock |  |  | Additional Paid-in |  |  | Accumulated |  |  | Other Comprehensive |  |  | Total Stockholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Income |  |  | Equity |
Balances at December 31, 2022 |  |  | 72,675,190 |  |  | $ | 7,268 |  |  | $ | 233,957,767 |  |  | $ | (63,804,993 | ) |  | $ | — |  |  | $ | 170,160,042 |
Net loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,186,799 | ) |  |  | — |  |  |  | (4,186,799 | )
Issuance of common stock upon exercise of stock options |  |  | 8,672 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Repurchase of common stock (including excise tax) |  |  | (1,736,822 | ) |  |  | (174 | ) |  |  | — |  |  |  | (11,072,337 | ) |  |  | — |  |  |  | (11,072,511 | )
Issuance of common stock upon vesting of RSUs |  |  | 144,576 |  |  |  | 15 |  |  |  | (15 | ) |  |  | — |  |  |  | — |  |  |  | — |
Payment of common stock tendered for employee stock-based compensation tax obligations |  |  | — |  |  |  | — |  |  |  | (214,794 | ) |  |  | — |  |  |  | — |  |  |  | (214,794 | )
Cash dividend ($0.45 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (32,135,118 | ) |  |  | — |  |  |  | (32,135,118 | )
Stock-based compensation |  |  | — |  |  |  | — |  |  |  | 1,589,993 |  |  |  | — |  |  |  | — |  |  |  | 1,589,993 |
Balances at September 30, 2023 |  |  | 71,091,616 |  |  | $ | 7,109 |  |  | $ | 235,332,951 |  |  | $ | (111,199,247 | ) |  | $ | — |  |  | $ | 124,140,813 |
On August 2, 2021, the Company's Board of Directors authorized a share repurchase program ("Repurchase Authorization") under which the Company could repurchase up to $50 million of the Company's common stock through December 31, 2023. The Company started repurchasing shares under this program in the fourth quarter of 2021. Repurchases under the Repurchase Authorization were made from time to time at the Company's discretion. The timing and actual number of shares repurchased depended on a variety of factors, including: timing of procurement orders under government contracts; alternative opportunities for strategic uses of cash; the stock price of the Company’s common stock; market conditions; alternative capital management uses of cash; and other corporate liquidity requirements and priorities. On December 31, 2023, the Repurchase Authorization expired. As a result, during the three and nine months ended September 30, 2024, the Company did not repurchase any shares. The Company did not repurchase any shares during the three months ended September 30, 2023. During the nine months ended September 30, 2023, the Company repurchased approximately 1.7 million shares of common stock under the Repurchase Authorization for approximately $11.0 million. In addition, during the nine months ended September 30, 2023, the Company recorded approximately $0.1 million of excise tax associated with the repurchase of common stock. On March 12, 2024, the Board of Directors declared a special dividend of $0.60 per share on the common stock of the Company, which resulted in an overall dividend payment of approximately $43 million. The special dividend was paid on April 11, 2024 to shareholders of record at the close of business on March 26, 2024.

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