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Note 15 - Unaudited Quarterly Results of Operations | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | Note 15 – Unaudited Quarterly Results of Operations The following table displays our unaudited consolidated statement of operations for the fourth quarter ended December 31, 2022 and December 31, 2021 (in thousands):
|  | Three months ended
|  | December 31, |  | December 31,
|  | 2022 |  | 2021
Franchise royalties |  | $ | 7,671 |  |  | $ | 6,067 |
Service revenue |  |  | 378 |  |  |  | 471 |
Total revenue |  |  | 8,049 |  |  |  | 6,538 |
Selling, general and administrative expenses |  |  | 4,723 |  |  |  | 4,401 |
Depreciation and amortization |  |  | 544 |  |  |  | 486 |
Income from operations |  |  | 2,782 |  |  |  | 1,651 |
Other miscellaneous (expense) income |  |  | (26 | ) |  |  | 724 |
Interest income |  |  | 49 |  |  |  | 127 |
Interest and other financing expense |  |  | (112 | ) |  |  | (90 | )
Net income before income taxes |  |  | 2,693 |  |  |  | 2,412 |
Provision for income taxes |  |  | 49 |  |  |  | 227 |
Net income from continuing operations |  |  | 2,644 |  |  |  | 2,185 |
Income from discontinued operations, net of tax |  |  | 74 |  |  |  | 9 |
Net income |  | $ | 2,718 |  |  | $ | 2,194 |
Basic earnings per share |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.19 |  |  | $ | 0.16 |
Discontinued operations |  |  | 0.01 |  |  |  | - |
Total |  | $ | 0.20 |  |  | $ | 0.16 |
Diluted earnings per share |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.19 |  |  | $ | 0.16 |
Discontinued operations |  |  | 0.01 |  |  |  | - |
Total |  | $ | 0.20 |  |  | $ | 0.16 |
Weighted average shares outstanding |  |  |  |  |  |  |  |
Basic |  |  | 13,676 |  |  |  | 13,514 |
Diluted |  |  | 13,741 |  |  |  | 13,635 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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