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Note 13 - Income Tax (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

		December 31,				December 31,
(in thousands)			2024				2023
Current taxes
Federal		$	1,418			$	1,080
State			551				614
Total current taxes			1,969				1,694
Deferred taxes
Federal			(1,479	)			(332	)
State			(269	)			(17	)
Total deferred taxes			(1,748	)			(349	)
Provision for income taxes		$	221			$	1,345

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

		December 31,				December 31,
(in thousands)			2024				2023
Deferred tax assets
Workers' compensation claims liability			1,537			$	1,578
Bad debt reserve			86				49
Accrued vacation			89				80
Impairment of notes receivable			191				153
Stock based compensation			346				92
Net operating loss carryforward			48				92
Other			38				40
Total deferred tax asset			2,335				2,084
Deferred tax liabilities
Depreciation and amortization			(214	)			(1,702	)
Deferred gain on installment sale			(48	)			(57	)
Total deferred tax liabilities			(262	)			(1,759	)
Total deferred taxes, net		$	2,073			$	325

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

(in thousands except percentages)		December 31, 2024								December 31, 2023
Income tax expense based on statutory rate		$	871				21.0	%		$	1,634				21.0	%
Non-deductible executive compensation			55				1.3	%			142				1.8	%
Stock based compensation			-				0.0	%			(77	)			(1.0	)%
State income taxes expense net of federal taxes			166				4.0	%			468				6.0	%
WOTC			(884	)			(21.3	)%			(925	)			(11.9	)%
Other			13				0.3	%			103				1.3	%
Total taxes on income		$	221				5.3	%		$	1,345				17.3	%

X

- Definition

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.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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