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Note 11 - Income Taxes
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

11.

Income Taxes

 

The Company’s tax provision is based on its estimated annual effective tax rate. The Company continues to fully recognize its tax benefits, and as of June 30, 2024 and December 31, 2023, the Company did not have any unrecognized tax benefits. The Company’s provision for income taxes for the three and six months ended June 30, 2024 and 2023, included the following:

 

    Three months ended     Six months ended  
    June 30,     June 30,  
    2024     2023     2024     2023  

Provision for (benefit from) federal income taxes - current

   $ 302,100     $ (81,601 )   $ 472,040     $ 164,778  

Provision for state income taxes - current

     -       -       225       250  

(Benefit from) provision for federal income taxes - deferred

     (53,141 )     201,006       17,428       150,453  

Total provision for income taxes

   $ 248,959     $ 119,405     $ 489,693     $ 315,481