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Note 7 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		YEARS ENDED December 31,
		2024				2023
Domestic		$	1,086,000			$	666,000
Foreign			151,000				30,000
Income before income taxes		$	1,237,000			$	696,000

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

		YEARS ENDED December 31,
		2024				2023
Current:
Federal		$	(83,000	)		$	940,000
State			(190,000	)			115,000
Foreign			337,000				135,000
Total current			64,000				1,190,000
Deferred:
Federal			(380,000	)			(672,000	)
State			30,000				(77,000	)
Foreign			(9,000	)			(10,000	)
Total deferred			(359,000	)			(759,000	)
		$	(295,000	)		$	431,000

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

		December 31,
		2024				2023
Deferred tax liabilities:
Property and equipment		$	(644,000	)		$	(323,000	)
Prepaid expenses			(444,000	)			(409,000	)
Investment in partnerships			(956,000	)			—
Other			(14,000	)			—
ROU asset			—				(12,000	)
Total deferred tax liabilities			(2,058,000	)			(744,000	)
Deferred tax assets:
Net operating loss carryforwards			651,000				155,000
Accruals and allowances			168,000				438,000
Lease liabilities			—				12,000
Tax credits			—				4,000
Transaction costs			231,000				—
Other			169,000				140,000
Capital loss carryover			—				646,000
Total deferred tax assets			1,219,000				1,395,000
Valuation allowance			(85,000	)			(714,000	)
Deferred tax assets net of valuation allowance			1,134,000				681,000
Net deferred tax liabilities		$	(924,000	)		$	(63,000	)

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

		YEARS ENDED December 31,
		2024				2023
Computed expected federal income tax		$	390,000			$	218,000
State income taxes, net of federal benefit			(84,000	)			12,000
Foreign rate differential			14,000				38,000
Pass-through income			(18,000	)			—
Bargain purchase gain			(790,000	)			—
Stock compensation			1,000				7,000
Non-deductible expenses			230,000				6,000
Return to provision true-up			3,000				18,000
Uncertain tax positions			(72,000	)			9,000
Capital loss expired			645,000				—
Change in valuation allowance			(627,000	)			17,000
Other deferred tax adjustments			13,000				106,000
		$	(295,000	)		$	431,000

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		YEARS ENDED December 31,
		2024				2023
Balance at beginning of year		$	287,000			$	278,000
Additions based on tax positions of prior years			13,000				9,000
Additions based on tax positions of current year			12,000				—
Reductions in tax positions of prior years			(18,000	)			—
Lapse of statues of limitations			(75,000	)			—
Removal of penalties			(58,000	)			—
Balance at end of year		$	161,000			$	287,000

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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