|
Note 7 - Income Taxes (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Income Tax Disclosure [Abstract] |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|
|
|
December 31,
|
|
|
|
|
2014
|
|
|
2013
|
|
|
Current provision:
|
|
|
|
|
|
|
|
Federal
|
|
$
|
(388,864
|
)
|
|
$
|
583,558
|
|
|
State, net of state tax credits
|
|
|
(28,800
|
)
|
|
|
220,896
|
|
|
|
|
|
(417,664
|
)
|
|
|
804,454
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred provision:
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
1,403,100
|
|
|
|
(482,350
|
)
|
|
State
|
|
|
355,000
|
|
|
|
(69,950
|
)
|
|
|
|
|
1,758,100
|
|
|
|
(552,300
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total income tax provision
|
|
$
|
1,340,436
|
|
|
$
|
252,154
|
|
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|
|
|
December 31,
|
|
|
|
|
2014
|
|
|
2013
|
|
|
Current deferred tax asset:
|
|
|
|
|
|
|
|
Deferred revenue
|
|
$
|
776,100
|
|
|
$
|
1,064,000
|
|
|
Deferred franchise costs
|
|
|
(253,900
|
)
|
|
|
(362,800
|
)
|
|
Allowance for doubtful accounts
|
|
|
30,800
|
|
|
|
-
|
|
|
Accrued expenses
|
|
|
197,300
|
|
|
|
-
|
|
|
Restricted stock compensation
|
|
|
(60,700
|
)
|
|
|
-
|
|
|
Deferred rent
|
|
|
35,500
|
|
|
|
-
|
|
|
Charitable contribution carryover
|
|
|
400
|
|
|
|
-
|
|
|
|
|
|
725,500
|
|
|
|
701,200
|
|
|
Less valuation allowance
|
|
|
(516,700
|
)
|
|
|
-
|
|
|
Net current deferred tax asset
|
|
$
|
208,800
|
|
|
$
|
701,200
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current deferred tax asset:
|
|
|
|
|
|
|
|
|
|
Deferred revenue
|
|
$
|
2,223,200
|
|
|
$
|
1,825,700
|
|
|
Deferred franchise costs
|
|
|
(679,000
|
)
|
|
|
(469,100
|
)
|
|
Restricted stock compensation
|
|
|
(170,600
|
)
|
|
|
-
|
|
|
Deferred rent
|
|
|
171,500
|
|
|
|
-
|
|
|
Net operating loss carryforwards
|
|
|
38,200
|
|
|
|
-
|
|
|
Asset basis difference related to property and equipment
|
|
|
(45,400
|
)
|
|
|
(90,900
|
)
|
|
|
|
|
1,537,900
|
|
|
|
1,265,700
|
|
|
Less valuation allowance
|
|
|
(1,537,900
|
)
|
|
|
-
|
|
|
Net non-current deferred tax asset
|
|
$
|
-
|
|
|
$
|
1,265,700
|
|
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|
|
|
For the Years Ended December 31,
|
|
|
|
|
2014
|
|
|
2013
|
|
|
|
|
Amount
|
|
|
Percent
|
|
|
Amount
|
|
|
Percent
|
|
|
Expected federal tax expense
|
|
$
|
(574,900
|
)
|
|
|
(34.0
|
)%
|
|
$
|
138,633
|
|
|
|
34.0
|
%
|
|
State tax provision, net of federal benefit
|
|
|
(72,500
|
)
|
|
|
(4.3
|
)
|
|
|
18,774
|
|
|
|
4.6
|
|
|
Effect of increase in valuation allowance
|
|
|
2,054,600
|
|
|
|
121.5
|
|
|
|
-
|
|
|
|
-
|
|
|
Non-deductible expenses
|
|
|
23,900
|
|
|
|
1.4
|
|
|
|
19,831
|
|
|
|
4.9
|
|
|
Uncertain tax positions
|
|
|
(20,900
|
)
|
|
|
(1.2
|
)
|
|
|
85,157
|
|
|
|
20.9
|
|
|
Effect of reduced state rates for deferred
|
|
|
33,000
|
|
|
|
2.0
|
|
|
|
-
|
|
|
|
-
|
|
|
Other, net
|
|
|
(102,764
|
)
|
|
|
(6.0
|
)
|
|
|
(10,241
|
)
|
|
|
(2.5
|
)
|
|
|
|
$
|
1,340,436
|
|
|
|
79.3
|
%
|
|
$
|
252,154
|
|
|
|
61.8
|
%
|
|
| Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|
|
|
2014
|
|
|
2013
|
|
|
Uncertain tax benefit - January 1
|
|
$
|
114,500
|
|
|
$
|
29,500
|
|
|
Gross decreases - tax positions in prior period
|
|
|
(22,800
|
)
|
|
|
-
|
|
|
Gross increases - tax positions in current period
|
|
|
-
|
|
|
|
85,000
|
|
|
Uncertain tax benefit - December 31
|
|
$
|
91,700
|
|
|
$
|
114,500
|
|
|