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Note 9 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

		Three Months Ended March 31,
		2019				2018
Current:
Federal		$	---			$	240,924
State			3,000				9,000
Total current provision			3,000				249,924
Deferred:
Federal		$	(459,000	)		$	(2,154	)
State			------				----
Total deferred (benefit) provision			(459,000	)			(2,154	)
Income tax expense (benefit) provision		$	(456,000	)		$	247,770

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

		Three Months Ended
		March 31,
		2019				2018
Income tax provision at federal statutory rate (21%)		$	(552,918	)		$	169,296
Foreign tax loss			16,673				9,855
State taxes			3,000				9,000
Difference between tax and book depreciation			24,072				33,037
Stock compensation			25,002				44,860
Other Permanent differences			28,171				(18,278	)
Income tax (benefit) expense		$	(456,000	)		$	247,770

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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- References

No definition available.

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