Annual report pursuant to Section 13 and 15(d)

Note 13 - Income Taxes - Deferred Income Taxes (Details)

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Note 13 - Income Taxes - Deferred Income Taxes (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net operating loss carryforwards $ 10,570 $ 7,943 $ 7,275
Book reserves for credit losses, inventory, real estate and property and equipment 1,257 1,450 1,324
Expenses recognized for books and deferred for tax 3,439 1,288 1,860
Operating lease liabilities 8,156 2,407 317
Investment in IT'SUGAR, LLC 458 2,060 3,510
Intangible assets 0 180 226
Other assets 334 332 835
Total gross federal and state deferred tax assets 24,214 15,660 15,347
Less deferred tax asset valuation allowance (9,248) (7,199) (6,772)
Total deferred tax assets 14,966 8,461 8,575
Tax over book depreciation (1,735) (1,727) (456)
Operating lease assets (7,965) (2,610) (288)
Intangible assets (231) 0 0
Other liabilities (776) (348) (407)
Total gross deferred federal and state tax liabilities (10,707) (4,685) (1,151)
Net federal and state deferred tax assets $ 4,259 $ 3,776 $ 7,424