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Note 8 - Income Taxes | 12 Months Ended
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Dec. 31, 2015
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | 8 INCOME TAXES The provision for (benefit from) income taxes consists of the following:
Year ended December 31, |  | 2015 |  |  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 82,000 |  |  | $ | (8,646,000 | ) |  | $ | 3,334,000 |
Prior year under accrual |  |  | 143,000 |  |  |  | 44,000 |  |  |  | 190,000 |
State |  |  | 107,000 |  |  |  | 6,000 |  |  |  | --- |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 2,659,000 |  |  |  | (3,877,000 | ) |  |  | (107,000 | )
|  | $ | 2,991,000 |  |  | $ | (12,473,000 | ) |  | $ | 3,417,000 |
The difference between the income tax provision computed at the federal statutory rate and the actual tax provision is accounted for as follows:
December 31, |  | 2015 |  |  | 2014 |  |  | 2013 |
Taxes computed at the federal statutory rate |  | $ | 2,722,000 |  |  | $ | (12,812,000 | ) |  | $ | 3,792,000 |
State income tax, net |  |  | 70,000 |  |  |  | 4,000 |  |  |  | -- |
Prior year true-up |  |  | 325,000 |  |  |  | 44,000 |  |  |  | 190,000 |
Research and development tax credit |  |  | (177,000 | ) |  |  | (140,000 | ) |  |  | --- |
Reduction in domestic production activity |  |  | -- |  |  |  | 893,000 |  |  |  | --- |
AMT credit carryforward |  |  | -- |  |  |  | (584,000 | ) |  |  | --- |
Permanent differences |  |  | 51,000 |  |  |  | 122,000 |  |  |  | (565,000 | )
Provision for (benefit from) income taxes |  | $ | 2,991,000 |  |  | $ | (12,473,000 | ) |  | $ | 3,417,000 |
The components of deferred income tax assets and liabilities are as follows:
Deferred Tax Assets: |  | 2015 |  |  | 2014 |
Revenue recognition |  | $ | -- |  |  | $ | 560,000 |
Interest rate swap |  |  | 3,000 |  |  |  | 5,000 |
FIN 48 liability |  |  | 33,000 |  |  |  | --- |
Allowance for doubtful accounts |  |  | 26,000 |  |  |  | 9,000 |
Credit carryforwards |  |  | 1,303,000 |  |  |  | 1,134,000 |
Deferred rent |  |  | 212,000 |  |  |  | 197,000 |
Stock options |  |  | 626,000 |  |  |  | 827,000 |
Charitable contributions carry foward |  |  | 18,000 |  |  |  | --- |
Net operating loss carryforward |  |  | 1,006,000 |  |  |  | 2,567,000 |
Deferred Tax Assets |  |  | 3,227,000 |  |  |  | 5,299,000 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Prepaid expenses |  |  | 156,000 |  |  |  | 128,000 |
Revenue recognition |  |  | 606,000 |  |  |  | --- |
Property and equipment |  |  | 575,000 |  |  |  | 622,000 |
Deferred tax liabilities |  |  | 1,337,000 |  |  |  | 750,000 |
Net Deferred Tax Assets |  | $ | 1,890,000 |  |  | $ | 4,549,000 |
The Company recognized, for income tax purposes, a tax benefit of $33,000, $86,000 and $27,000 for the years ended December 31, 2015, 2014 and 2013, respectively, for compensation expense related to its stock option plan for which no corresponding charge to operations has been recorded. Such amounts have been added to additional paid-in capital in those years.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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