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Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

		2023				2022
Deferred tax assets:
Net operating loss carryforwards		$	4,686,000			$	5,024,000
Depreciation and amortization			1,137,000				1,159,000
Non-cash compensation			1,649,000				(117,000	)
Other			124,000				69,000
Total			7,596,000				6,135,000
Valuation Allowance			(6,092,000	)			(4,631,000	)
Deferred tax asset		$	1,504,000			$	1,504,000

Summary of Operating Loss Carryforwards [Table Text Block]

Tax Year End		NOL				Expiration
2005		$	1,768,851				2025
2006			1,350,961				2026
2007			1,740,724				2027
2008			918,960				2028
2009			835,322				2029
2010			429,827				2030
2013			504,862				2033
2016			474,465				2036
2017			1,267,336				2037
Total		$	9,291,308

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

		2023				2022
Current provision:
Federal		$	—			$	—
State			292,524				280,000
			292,524				280,000
Deferred provision:
Federal expense (benefit)			—				—
Expense for income taxes		$	292,524			$	280,000

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

		2023				2022
Income tax (benefit) at 21%		$	(99,772	)		$	(1,134,200	)
Change in valuation allowance			(1,361,228	)			(581,000	)
Permanent and other differences			1,461,000				1,715,200
Federal income tax (benefit)			—				—
State taxes			292,524				280,000
Income tax expense		$	292,524			$	280,000

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.

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