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Note 10 - Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
($ in thousands) |  | 2020 |  |  | 2019 |
Federal: |  |  |  |  |  |  |  |
Current |  | $ | 4,942 |  |  | $ | 3,706 |
Deferred |  |  | 67 |  |  |  | 336 |
Total Federal |  |  | 5,009 |  |  |  | 4,042 |
State & local: |  |  |  |  |  |  |  |
Current |  |  | 793 |  |  |  | 497 |
Deferred |  |  | 97 |  |  |  | (8 | )
Total State & local |  |  | 890 |  |  |  | 489 |
Foreign |  |  |  |  |  |  |  |
Current |  |  | 102 |  |  |  | 238 |
Deferred |  |  | - |  |  |  | - |
Total Foreign |  |  | 102 |  |  |  | 238 |
Total |  | $ | 6,001 |  |  | $ | 4,769 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Years Ended December 31, |
($ in thousands) |  | 2020 |  |  | 2019 |
Expected expense at statutory rate (21% in 2020 and 2019) |  | $ | 5,662 |  |  | $ | 4,682 |
Increase (decrease) in income taxes resulting from: |  |  |  |  |  |  |  |
Exempt income from Dominican Republic operations due to tax holiday |  |  | (942 | ) |  |  | (821 | )
GILTI tax |  |  | 438 |  |  |  | 410 |
State and local income taxes |  |  | 766 |  |  |  | 369 |
Foreign Tax Credit/Expense |  |  | (30 | ) |  |  | (278 | )
Meals and entertainment |  |  | 27 |  |  |  | 48 |
Nondeductible penalties |  |  | 20 |  |  |  | - |
Provision to return filing adjustments and other |  |  | 60 |  |  |  | 359 |
Total |  | $ | 6,001 |  |  | $ | 4,769 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
($ in thousands) |  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |  |  |
Asset reserves and accrued expenses |  | $ | 301 |  |  | $ | 526 |
Inventories |  |  | 528 |  |  |  | 471 |
State and local income taxes |  |  | 169 |  |  |  | 192 |
Pension and deferred compensation |  |  | 18 |  |  |  | 27 |
Net operating losses |  |  | 298 |  |  |  | 388 |
Lease asset |  |  | 269 |  |  |  | - |
Total deferred tax assets |  |  | 1,583 |  |  |  | 1,604 |
Valuation allowances |  |  | (298 | ) |  |  | (372 | )
Total deferred tax assets |  |  | 1,285 |  |  |  | 1,232 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets |  |  | 1,571 |  |  |  | 1,519 |
Intangible assets |  |  | 6,587 |  |  |  | 6,756 |
Other assets |  |  | 278 |  |  |  | 231 |
Tollgate tax on Lifestyle earnings |  |  | 228 |  |  |  | 228 |
State and local income taxes |  |  | 623 |  |  |  | 606 |
Lease Liability |  |  | 269 |  |  |  | - |
Total deferred tax liabilities |  |  | 9,556 |  |  |  | 9,340 |
Net deferred tax liability |  | $ | 8,271 |  |  | $ | 8,108 |
Summary of Income Tax Examinations [Table Text Block] |
|  | Earliest Exam Year |
Taxing Authority Jurisdiction: |  |  |
U.S. Federal |  | 2017 |
Various U.S. States |  | 2016 |
Puerto Rico (U.S. Territory) |  | 2015 |
Canada |  | 2015 |

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