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Note 10 - Income Tax Provision
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

10)

INCOME TAX PROVISION

 

The following table summarizes the income tax provision.  

 

  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 
  

2023

  

2022

  

2023

  

2022

 

Income tax provision

 $12  $1,697  $34  $55 

Effective tax rate

  0.4%  9.7%  0.2%  16.5%

 

The Company’s income tax provision for the three and nine months ended September 30, 2023 comprises only small amounts of current state taxes.  No deferred tax benefits on ongoing tax losses have been recognized, reflecting management’s determination that none of the net deferred tax assets generated on its 2023 tax losses are more likely than not to be realized.  The three-month period in 2022 similarly reflected immaterial state taxes and miscellaneous items, while the nine-month period included the cumulative impact of valuation allowances recorded against certain existing deferred tax assets.