Saker Aviation Services (SKAS) 10-K 1 Apr 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Apr. 01, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	000-52593
Entity Registrant Name	SAKER AVIATION SERVICES, INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	87-0617649
Entity Address, Address Line One	20 South Street, Pier 6 East River
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10004
City Area Code	212
Local Phone Number	776-4046
Title of 12(g) Security	Common Stock, $0.03 par value
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 3,180,693
Entity Common Stock, Shares Outstanding (in shares)		985,888
Auditor Name	Kronick Kalada Berdy & Co. P.C.
Auditor Location	Kingston, Pennsylvania
Auditor Firm ID	448
Entity Central Index Key	0001128281
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and restricted cash	$ 6,931,709	$ 5,977,157
Investments	2,543,321	0
Accounts receivable	294,521	244,543
Non-Compete receivable	0	160,000
Inventories	1,142	13,551
Income tax receivable	44,899	119,899
Prepaid expenses	745,606	354,913
Total current assets	10,561,198	6,870,063
PROPERTY AND EQUIPMENT, net of accumulated depreciation and amortization of $3,127,876 and $3,111,462 respectively	49,440	42,862
TOTAL ASSETS	10,610,638	6,912,925
Liabilities, Current [Abstract]
Accounts payable	705,133	328,505
Customer deposits	253,446	204,633
Accrued expenses	1,333,092	597,262
Total liabilities	2,291,671	1,130,400
TOTAL LIABILITIES	2,291,671	1,130,400
Equity, Attributable to Parent [Abstract]
Common stock - $0.03 par value; authorized 3,333,334; 976,330 and 975,074 shares issued and outstanding as of December 31, 2022 and 2021, respectively	29,577	29,290
Additional paid-in capital	19,902,505	19,812,794
Accumulated deficit	(11,613,115)	(14,059,559)
TOTAL STOCKHOLDERS’ EQUITY	8,318,967	5,782,525
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 10,610,638	$ 6,912,925

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance	$ 3,127,876	$ 3,111,462
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.03	$ 0.03
Preferred Stock, Shares Authorized (in shares)	333,306	333,306
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	0	0
Preferred Stock, Shares Issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.03	$ 0.03
Common stock, shares authorized (in shares)	3,333,334	3,333,334
Common Stock, Shares, Issued (in shares)	985,888	976,330
Common stock, shares outstanding (in shares)	985,888	976,330

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
REVENUE		$ 8,837,614	$ 7,598,597
COST OF REVENUE		2,556,394	2,985,281
GROSS PROFIT		6,281,220	4,613,316
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		2,768,310	3,880,902
OPERATING INCOME		3,512,910	732,414
OTHER INCOME
BAD DEBT RECOVERY		212,000	125,000
LIFE INSURANCE PROCEEDS, FORMER PRESIDENT		0	500,000
REALIZED GAIN ON INVESTMENTS		8,479	0
INTEREST INCOME		220,098	3,302
TOTAL OTHER INCOME		440,577	628,302
INCOME FROM CONTINUING OPERATIONS, before income taxes		3,953,487	1,360,716
INCOME TAX EXPENSE		(1,507,043)	(300,000)
INCOME FROM CONTINUING OPERATIONS, net		2,446,444	1,060,716
Discontinued Operations and Disposal Groups [Abstract]
(Loss) Income from		0	(65,413)
Gain on Sale of Assets		0	431,318
Income tax expense		0	(180,000)
INCOME FROM DISCONTINUED OPERATIONS, net of income taxes		0	185,905
NET INCOME		$ 2,446,444	$ 1,246,621
Basic Net Income Per Common Share (in dollars per share)		$ 2.5	$ 1.28
Diluted Net Income Per Common Share (in dollars per share)		$ 2.47	$ 1.26
Weighted Average Number of Common Shares – Basic (in shares)	[1]	976,782	976,048
Weighted Average Number of Common Shares – Diluted (in shares)	[1]	989,686	987,149
[1]Common shares of 13,332 and 26,664 underlying outstanding stock options for the years ended December 31, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share as their inclusion would be anti-dilutive.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
BALANCE (in shares) at Dec. 31, 2021	975,074
BALANCE at Dec. 31, 2021	$ 29,252	$ 19,740,837	$ (15,306,180)	$ 4,463,909
Amortization of stock based compensation		71,995		71,995
Issuance of Common Stock in connection with exercise of stock options (in shares)	1,256
Issuance of Common Stock in connection with exercise of stock options	$ 38	(38)		0
Net income			1,246,621	1,246,621
Issuance of Common Stock in connection with exercise of stock options	$ (38)	38		0
BALANCE (in shares) at Dec. 31, 2022	976,330
BALANCE at Dec. 31, 2022	$ 29,290	19,812,794	(14,059,559)	5,782,525
Amortization of stock based compensation		81,999		81,999
Issuance of Common Stock in connection with exercise of stock options (in shares)	9,558
Issuance of Common Stock in connection with exercise of stock options	$ (287)	(7,712)		(7,999)
Net income			2,446,444	2,446,444
Issuance of Common Stock in connection with exercise of stock options	$ 287	7,712		7,999
BALANCE (in shares) at Dec. 31, 2023	985,888
BALANCE at Dec. 31, 2023	$ 29,577	$ 19,902,505	$ (11,613,115)	$ 8,318,967

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 2,446,444	$ 1,246,621
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,414	100,089
Life insurance proceeds	0	(500,000)
Stock based compensation	81,999	71,995
Realized gain on investments	(8,479)	0
Gain on sale of assets	0	(431,318)
Changes in operating assets and liabilities:
Accounts receivable	(49,978)	60,866
Inventories	12,409	7,091
Income tax receivable	75,000	573,679
Prepaid expenses	(390,693)	150,805
Customer deposits	48,813	123,755
Accounts payable	376,628	116,284
Accrued expenses	735,830	192,689
TOTAL ADJUSTMENTS	897,943	465,935
NET CASH PROVIDED BY OPERATING ACTIVITIES	3,344,387	1,712,556
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investments	(3,386,842)	0
Proceeds from sales of investments	852,000	0
Net proceeds from sale of assets	0	1,440,000
Payment for exercise of options	7,999	0
Payment of note receivable from sale of assets	160,000	0
Purchase of property and equipment	(22,992)	(15,685)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(2,389,835)	1,424,315
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from life insurance	0	500,000
Repayment of notes payable	0	(67,045)
Repayment of right of use leases payable	0	(39,575)
NET CASH PROVIDED BY FINANCING ACTIVITIES	0	393,380
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	954,552	3,530,251
CASH, CASH EQUIVAELNTS, AND RESTRICTED CASH – Beginning	5,977,157	2,446,906
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – Ending	6,931,709	5,977,157
Net proceeds from sale of assets was reduced by issuance of a note receivable	0	160,000
us-gaap_SupplementalCashFlowInformationAbstract
Interest	0	17,979
Income taxes	$ 728,110	$ 216,546

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 - Nature of Operations Our business activities are carried out by FirstFlight Heliports, LLC d/b/a Saker Aviation Services (“FFH”), a wholly-owned subsidiary, as the operator of the Downtown Manhattan Heliport via a concession agreement with the City of New York. FBO Air Garden City, Inc. d/b/a Saker Aviation Services (“GCK”), a wholly-owned subsidiary and, until October 31, 2022, provided services as a fixed base operator (“FBO”) and as a provider of aircraft maintenance, repair and overhaul (“MRO”). FBOs provide ground-based services, such as fueling and aircraft storage for general aviation, commercial and military aircraft, and other miscellaneous services.

Note 2 - Liquidity and Material

Note 2 - Liquidity and Material Agreements	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Going Concern Disclosure [Text Block]	NOTE 2 – Liquidity and Material Agreements As of December 31, 2023, we had cash, cash equivalents, and restricted cash of $6,931,709 and a working capital surplus of $8,269,527. We generated revenue from continuing operations of $8,837,614 and had net income of $2,446,444 for the year ended December 31, 2023 . On March 15, 2018, the Company entered into a loan agreement for a $1,000,000 revolving line of credit (the “Key Bank Revolver Note”) which, at the discretion of the Bank, provides for the Company to borrow up to $1,000,000 for working capital and general corporate purposes. On November 22, 2023, the Bank reduced the amount available under the Key Bank Revolver Note to $500,000. This revolving line of credit is a demand note with no stated maturity date. Borrowings under the Key Bank Revolver Note will bear interest at a rate per annum equal to Daily Simple SOFR plus 2.75%. The Company is required to make monthly payments of interest on any outstanding principal under the Key Bank Revolver Note and is required to pay the entire balance, including principal and all accrued and unpaid interest and fees, upon demand by the Bank. Any proceeds from the Key Bank Revolver Note would be secured by substantially all of the Company’s assets. There were no The Company has invested its excess working capital reserves in a high yield savings account and government backed securities with UBS Financial Services Inc. (“UBS”). The Company was party to a Concession Agreement, dated as of November 1, 2008, with the City of New York for the operation of the Downtown Manhattan Heliport (the “Concession Agreement”). Pursuant to the terms of the Concession Agreement, the Company was required to pay the greater of 18% of the first $5,000,000 in any program year based on cash collected (“Gross Receipts”) and 25% of Gross Receipts in excess of $5,000,000, or minimum annual guaranteed payments. On February 5, 2016, the Company and the New York City Economic Development Corporation (the “NYCEDC”) announced new measures to reduce helicopter noise and impacts across New York City (the “Air Tour Agreement”). Under the Air Tour Agreement, the Company has not been allowed to permit its tenant operators to conduct tourist flights from the Downtown Manhattan Heliport on Sundays since April 1, 2016. The Company was also required to ensure that its tenant operators reduce the total allowable number of tourist flights from 2015 levels by 20 percent beginning June 1, 2016, by 40 percent beginning October 1, 2016 and by 50 percent beginning January 1, 2017. The Air Tour Agreement also provided for the minimum annual guarantee payments the Company is required to pay to the City of New York under the Concession Agreement. Additionally, since June 1, 2016, the Company has been required to provide monthly written reports to the NYCEDC and the New York City Council detailing the number of tourist flights conducted out of the Downtown Manhattan Heliport compared to 2015 levels, as well as information on any tour flight that flies over land and/or strays from agreed upon routes. The Air Tour Agreement also extended the Concession Agreement for 30 months, resulting in a new expiration date of April 30, 2021 and gave the City of New York two The reductions under the Air Tour Agreement have negatively impacted the Company’s business and financial results as well as those of its management company at the Downtown Manhattan Heliport, Empire Aviation. The Company incurred management fees with Empire Aviation of approximately $448,000 and $2,138,000 during the years ended December 31, 2023 and December 31, 2022, respectively. Empire Aviation notified the Company that it believes additional fees are due under the management agreement, as further described in Note 10. Litigation. The Empire management agreement expired April 30, 2023. The Company’s internal management team and heliport employees have taken over all duties relating to the management of the heliport. During the program year that began on May 1, 2020, the City of New York agreed, in recognition of the pandemic’s impact, that the Company could defer payment of minimum guaranteed payments. In April 2021, the City of New York waived the deferred fees through December 31, 2020. In May 2021, the City of New York waived the deferred fees through April 30, 2021 which coincided with the original expiration of the Concession Agreement as amended by the Air Tour Agreement. The Company worked with the City of New York to address fees to be paid by the Company for the period May 1, 2021 through December 31, 2021. In March 2022, the City of New York agreed to accept 18% of monthly Gross Receipts in excess of $100,000 as Concession fees for this period. In April 2022, the Company agreed to resume paying the City of New York the total monthly amounts due under the Concession Agreement retro-active to January 2022 and to continue paying fees due under the Concession Agreement through the remainder of the Air Tour Agreement. On February 15, 2023, NYCEDC reported that it would be bringing a new concession agreement with the Company as the operator of the Downtown Manhattan Heliport to the New York City Franchise and Concession Review Committee meeting on March 3, 2023. The item was subsequently removed from the agenda, with NYCEDC announcing on April 7, 2023 that the previous Request for Proposals ("RFP") had been cancelled and that it is their intention to put out a new RFP in 2023. On April 28, 2023, the Company entered into a Temporary Use Authorization Agreement (the “Use Agreement”), effective as of May 1, 2023, with the City of New York acting by and through the New York City of Department of Small Business Services (“DSBS”). The Use Agreement has a term of one year. Pursuant to the terms of the Use Agreement, the Company has been granted the exclusive right to operate as the fixed base operator for the Downtown Manhattan Heliport and collect all revenue derived from the Downtown Manhattan Heliport operations. In addition to terminations for an event of default, the Use Agreement could be terminated at any time by the Commissioner of the DSBS or suspended at any time by the NYCEDC. The Company was required under the Use Agreement to remit a monthly administrative fee to the NYCEDC in the amount of $5,000. For the year ended December 31, 2023, the Company incurred $40,000 in administrative fees which are recorded in the cost of revenue. On July 13, 2023, the DSBS was granted approval by the Franchise and Concession Review Committee to enter into an Interim Concession Agreement (the “Interim Agreement”) with the Company to provide for the continued operation of the Downtown Manhattan Heliport. The Interim Agreement became effective upon registration with the Comptroller of the City of New York and commenced on December 12, 2023. The Interim Agreement provides for one (1) six-month six-month On November 13, 2023, the DBS and NYCEDC released the new RFP. The initial due date for submissions was January 12, 2024, with the due date being subsequently extended to February 12. 2024. The Company submitted a timely proposal in compliance with the terms of the RFP. The Interim Agreement will govern the Company’s operation of the Downtown Manhattan Heliport until the RFP process is concluded and an operator selected unless terminated earlier pursuant to its terms.

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 3 - Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, FFH and GCK. All significant inter-company accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s significant estimates include depreciation, amortization, stock-based compensation, allowance for credit losses, deferred tax assets, and contingent liabilities. Cash, cash equivalents, and restricted cash The Company maintains its cash with various financial institutions which often exceeds federally insured limits. The Company has not experienced any losses from maintaining cash accounts in excess of federally insured limits. As part of its cash management process, the Company periodically reviews the relative credit standing of these financial institutions. Amounts included in restricted cash at December 31, 2022 is a deposit of $425,000 required by the Concession Agreement with NYEDC. The deposit restriction was lifted in connection with the termination of the Concession Agreement on April 30, 2023. The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Investments and Related Allowance for Credit Losses Investments held by the Company have readily determinable fair values and are reported at cost, which approximates fair value at December 31, 2023. On a monthly basis, realized gains and losses are determined by using the first-in first-out method and will be reported in other income and unrealized gains and losses will be reported in Other Comprehensive Income (Loss). Investments consist of U.S. treasury Notes and Bills with maturities ranging from March 31, 2024 through November 30, 2024. Investments are not purchased with the intent of selling in the near term. However, from time to time, the Company may decide to sell certain securities for liquidity, tax planning and other business purposes. Purchases and sales are recorded on a trade date basis and interest income is recorded when earned. The Company classifies its debt securities classified as available for sale are carried in the financial statements at fair value. Realized gains and losses on available for sale debt securities, determined using the first-in, first-out (FIFO) method, are included in earnings. Management assesses the financial condition and near-term prospects of the issuer, industry, and/or geographic conditions, credit ratings as well as other indicators at the individual security level. Impairments below cost in the estimated fair value of individual available for sale debt securities when there is an intent to sell or for which it more likely than not the Company will be required to sell before the impairment is recovered, are realized in other income in the statements of operations. When there is not an intent to sell or it is more likely than not the Company will not be required to sell the security before the impairment is recovered, management assesses whether the decline in fair value has resulted from credit losses or other factors. If the present value of discounted cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for available for sale credit losses is recorded. Such losses are limited to the amount that amortized cost exceeds fair value, even if the amount of the credit loss is greater. Any future changes in the allowance for credit losses is recorded as provision for (reversal of) credit losses. Accounts Receivable and Revenue Concentration Beginning in April 2022, the Company’s customers began operating at pre-pandemic levels which continued through the end of 2022. In June 2022, a new tenant began operating at our New York Heliport. For the fiscal year ended December 31, 2022, the Company’s three three In September 2023, one of the Company’s former customers resumed operations. four four Accounts receivable are stated at the amount management expects to collect from outstanding balances. Collection losses have historically been immaterial, and management concluded that, based on its review of material balances outstanding, current economic conditions and the financial stability of its customers a valuation allowance for credit losses was not needed. Inventories Inventory consists of aviation fuel which is stated at lower of cost or net realizable value determined by the first in first out method. Property and Equipment Property and equipment is stated at cost. Depreciation is provided primarily using the straight-line method over the estimated useful lives as set forth in footnote 4. Amortization of leasehold improvements is provided using the straight-line method over their estimated useful life. Maintenance and repairs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment is sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income. Revenue Recognition The Company recognizes revenue from ground-based services, such as fueling . Customer Deposits Customer deposits consist of amounts that customers are required to remit in advance to the Company in order to secure payment for future purchases and services. Customer deposits amounted to $253,446 and $204,633 at December 31, 2023 and 2022, respectively. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between their financial statement carrying amounts and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. Management has analyzed the Company’s tax positions, and has concluded that no liability should be recorded related to uncertain tax positions taken. Deferred tax assets are subject to a valuation allowance because it is more likely than not that certain of the deferred tax assets will not be realized in future periods due to the uncertainty of future taxable income and the lack thereof of taxable income in carry-back periods. The Company files income tax returns in the United States (federal) and in various state and local jurisdictions. In most instances, the Company is no longer subject to federal, state and local income tax examinations by tax authorities for years prior to 2020. Discontinued Operations A component of the Company is classified as a discontinued operation when (i) the operations and cash flows of the component of the Company can be clearly distinguished and have been or will be eliminated from our ongoing operations; (ii) the component has either been disposed of or is classified as held for sale; and (iii) we will not have any significant continuing involvement in the operations of the component of the Company after the disposal transactions. Significant judgments are involved in determining whether a component meets the criteria for discontinued operations reporting and the period in which these criteria are met. If a component of the Company is reported as a discontinued operation, the results of operations through the date of sale, including any gain or loss recognized on the disposition, are presented on a separate line of the Statement of Operations. Fair Value of Financial Instruments The reported amounts of the Company’s financial instruments, including accounts receivable, accounts payable and accrued liabilities, approximate their fair value due to their short maturities. Net Income Per Common Share Basic net income per share applicable to common stockholders is computed based on the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted net income per share reflects the potential dilution that could occur if securities or other instruments to issue common stock were exercised or converted into common stock. Potentially dilutive securities, consisting of options, are excluded from the calculation of the diluted income per share when their exercise prices are greater than the average market price of the common stock during the period or when their inclusion would be anti-dilutive. The following table sets forth the components used in the computation of basic and diluted income per share: For the Year Ended December 31, 2023 (1) 2022 (1) Weighted average common shares outstanding, basic 976,782 976,048 Common shares upon exercise of options 12,904 11,101 Weighted average common shares outstanding, diluted 989,686 987,149 (1) Common shares of 13,332 and 26,664 underlying outstanding stock options for the years ended December 31, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share as their inclusion would be anti-dilutive. Stock-Based Compensation Stock-based compensation expense for all share-based payment awards are based on the estimated grant-date fair value. The Company recognizes these compensation costs over the requisite service period of the award, which is generally the option vesting term. For each of the years ended December 31, 2023 and 2022, the Company incurred stock based compensation of $81,999 and $71,995, respectively. Such amounts have been recorded as part of the Company’s selling, general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2023, the unamortized fair value of the options totaled $92,880 and the weighted average remaining amortization period of the options approximated five Option valuation models require the input of highly subjective assumptions, including the expected life of the option. Because the Company's employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management's opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options. The fair value of each share-based payment award granted during the years ended December 31, 2023 and 2022 were estimated using the Black-Scholes option pricing model with the following weighted average fair values: For the Year Ended December 31, 2023 2022 Dividend yield 0 % 0 % Expected volatility 4.918 % 4.918 % Risk-free interest rate 3.84 % 3.99 % Expected lives, years 5.0 5.0

Note 4 - Property and Equipment

Note 4 - Property and Equipment, Net	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4 – Property and Equipment, Net Property and equipment consist of the following: December 31, Estimated 2023 2022 Useful Life (in years) Office furniture and equipment $ 424,242 $ 413,574 3 – 7 Leasehold improvements 2,753,074 2,740,750 10 – 20 Total 3,177,316 3,154,324 Less: accumulated depreciation and amortization (3,127,876 ) (3,111,462 ) Property and equipment, net $ 49,440 $ 42,862 Depreciation and amortization expense for the years ended December 31, 2023 and 2022 was approximately $16,000 and $100,000, respectively. The decrease in depreciation expense was attributable to the sale of our Kansas operation on October 31, 2022.

Note 5 - Income Taxes

Note 5 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 5 – Income Taxes The Company’s deferred tax assets consisted of the following: December 31, 2023 2022 Deferred tax assets: Stock based compensation $ 86,000 $ 86,000 Property and equipment 376,000 385,000 Total deferred tax assets 462,000 471,000 Valuation Allowance (462,000 ) (471,000 ) Deferred tax asset – net of valuation allowance $ 0 $ 0 Decrease in valuation allowance $ (9,000 ) $ 0 The valuation allowance fluctuated due to the uncertainty of future taxable income. The provision for income taxes from continuing operations using the statutory federal tax rate as compared to the Company's effective tax rate is summarized as follows: December 31, 2023 2022 Tax at statutory rate 21.0 % 21.0 % Life insurance proceeds 0 % (11.7 )% State and local income taxes, net of federal 17.0 % 12.7 % Effective income tax expense rate 38.0 % 22.0 % Income tax receivable principally consists of funds due from the taxing authorities resulting from the carryback of of net operating loss to prior tax years.

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE 6 – Stockholders ’ Equity Common Stock A summary of the Company’s shares of Common Stock outstanding at December 31, 2023 is presented in the table below: Number of shares outstanding December 31, 2022 976,330 Issuance of common stock in connection with exercise of stock options 9,558 December 31, 2023 985,888 Stock Options On August 27, 2019, at the Company’s Annual Meeting, the stockholders of the Company approved the Stock Incentive Plan of 2019 (the “2019 Plan”) at which time the Company’s 2005 Stock Incentive Plan (the “2005 Plan”) was terminated and no future awards could be issued under the 2005 plan. As of December 31, 2023, there were no The 2019 Plan is administered by the Company’s Compensation Committee and provides for 185,000 shares of common stock to be reserved for issuance under the Plan. Directors, officers, employees, and consultants of the Company are eligible to participate in the Plan. The Plan provides for the awards of incentive and non-statutory stock options. The Compensation Committee determined the vesting schedule to be up to five ten Details of all options outstanding under the Plan are presented in the table below: Number of Options Weighted Average Exercise Price Balance, January 1, 2022 59,994 $ 2.184 Granted 20,832 4.900 Exercised (3,333 ) 2.580 Expired (9,999 ) 3.240 Balance, December 31, 2022 67,494 $ 4.040 Granted 13,332 7.600 Exercised (13,332 ) 2.662 Balance, December 31, 2023 67,494 $ 5.012 A summary of the Company’s stock options outstanding at December 31, 2023 is presented in the table below: Exercise Price Outstanding Weighted average remaining contractual life of options (in years) Exercisable Intrinsic Value $7.60 13,332 4.92 --- $ 0 $4.00 7,500 3.66 7,500 $ 13,069 $5.40 13,332 3.92 13,332 $ 4,566 $3.45 9,999 2.92 9,999 $ 22,923 $2.58 9,999 1.92 9,999 $ 31,622 $5.60 13,332 .92 13,332 $ 1,900 TOTALS 67,494 54,162 $ 74,080 Preferred Stock As of December 31, 2023 and 2022, the Company has 333,306 shares of preferred stock authorized and none no

Note 7 - Employee Benefit Plan

Note 7 - Employee Benefit Plan	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 7 – Employee Benefit Plan The Company maintains a 401K Plan which covers all employees of the Company (the “401K Plan”). Effective January 1, 2020, the Company switched to a Safe Harbor 401K plan. The Safe Harbor 401K Plan stipulates that, going forward, all employees become vested 100% on day one. Employer contributions prior to the change vest over a five-year

Note 8 - Related Parties

Note 8 - Related Parties	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 8 – Related Parties The law firm of Wachtel & Missry, LLP provides certain legal services to the Company and its subsidiaries from time to time. William B. Wachtel, Chairman of the Company’s Board of Directors, is a managing partner of this firm. During the twelve months ended December 31, 2023 and 2022, the Company was billed approximately $93,000 and $3,000, respectively, for legal services by Wachtel & Missry, LLP. The Company was party to a management agreement with Empire Aviation, an entity owned by the children and grandchild of the Company’s former Chief Executive Officer and former member of our Company’s Board of Directors.

Note 8 - Discontinued Operation

Note 8 - Discontinued Operations	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 9 – Discontinued Operations As disclosed in a Current Report on Form 8-K filed with the SEC on October 3, 2022, GCK entered into a FBO Transfer Agreement (the “Agreement”) with Crosby Flying Services, LLC (the “Buyer”) pursuant to which GCK agreed (i) to sell to the Buyer substantially all of its assets (the “Assets”) and none of its liabilities, and (ii) to a seven As disclosed in a Current Report on Form 8-K filed with the SEC on November 2, 2022, on October 31, 2022 (the “Closing Date”), the Company closed on the sale of the Assets to the Buyer and became subject to the Non-Compete, for an aggregate purchase price of approximately $1.5 million, after certain closing adjustments. The Buyer paid the purchase price on the Closing Date less $160,000, that amount being subject to GCK’s and the Company’s compliance with a Non-Compete Agreement. The $160,000 was paid upon the first anniversary of the Closing Date. GCK results of operations have been reported as discontinued operations in the Condensed Consolidated Statements of Operations for the twelve months ended December 31, 2022. Components of discontinued operations are as follows: 12/31/22 Revenue $ 3,704,048 Cost of revenue 3,183,561 Gross profit 520,487 Operating expenses 567,920 Operating loss from discontinued operations (47,433 ) Gain on sale 431,318 Income tax expense (180,000 ) Interest expense (17,980 ) Net income from discontinued operations 185,905 Basic and diluted net income per common share 0.19 Weighted average number of shares outstanding, basic 976,048 Weighted average number of shares outstanding, diluted 987,149 For the year ended December 31, 2022, total operating, investing, and financial cash flows from discontinued operations were $(416,413), $1,440,000, and $(106,620), respectively.

Note 9 - Litigation

Note 9 - Litigation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	NOTE 10 – Litigation Empire Aviation, LLC (“Empire”) and the Company were parties to a certain Management Agreement (the “Management Agreement”) effective November 1, 2008. The Management Agreement terminated on April 30, 2023. As previously disclosed in the Company’s 2022 Annual Report on Form 10-K, Note 10. Contingent Liabilities, Empire Aviation notified the Company that it believes additional fees (“Management Fees”) are due under the Management Agreement. On March 14, 2024, the Company and Empire participated in an arbitration of this dispute. In their filing, Empire claims that Saker failed to pay Empire certain Management Fees in various months throughout the term of the Management Agreement, aggregating approximately $1,050,000 plus $250,000 in accrued interest. Of this amount, approximately $350,000 has been accrued by the Company in 2023 and is included in the Company’s Condensed Consolidated Statement of Operations in selling, general and administrative expenses and the Condensed Consolidated Balance Sheet in accounts payable. Saker has asserted numerous defenses including, but not limited to, Empire waiving its rights to such fees by the parties’ course of conduct. Further, Saker asserted counterclaims against Empire. The Company and Empire will each submit proposed findings to the arbitrator in the next 30 days. We anticipate that the arbitrator will issue his rulings within 30 days of these submissions. Although we believe that Saker has valid defenses and a good chance to prevail on the merits against Empire’s claims, we can give no assurance as to the same.

Note 11 - Investments

Note 11 - Investments	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 11 – I nvestments Accounting principles generally accepted in the United States of America establish a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are described below: Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level 2 – Inputs to the valuation methodology include: ● quoted prices for similar assets or liabilities in active markets; ● quoted prices for identical or similar assets or liabilities in inactive markets; ● inputs other than quoted prices that are observable for the asset or liability; · inputs that are derived principally from or corroborated by observable market data by correlation or by other means. Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value measurements and levels within the fair value hierarchy of these measurements for the assets reported at fair value on a recurring basis are U.S. Treasury Notes and Bills in the amount of $2,543,321 within level 2. The Company’s policy is to recognize transfers of investments into or out of Level 3 as of the date of the event or change in circumstances that caused the transfer. For the year ended December 31, 2023 , there were no transfers of investments into or out of Level 3. There are no assets requiring the use of Level 3 inputs for the year ended December 31, 2023.

Note 12 - Subsequent Events

Note 12 - Subsequent Events	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 12 – Subsequent Events The Company has made an assessment of its operations and determined that there were no material subsequent events requiring adjustment to, or disclosure in, our consolidated financial statements for the year ended December 31, 2023.

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	ITEM 9B. OTHER INFORMATION Not Applicable.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, FFH and GCK. All significant inter-company accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s significant estimates include depreciation, amortization, stock-based compensation, allowance for credit losses, deferred tax assets, and contingent liabilities.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, cash equivalents, and restricted cash The Company maintains its cash with various financial institutions which often exceeds federally insured limits. The Company has not experienced any losses from maintaining cash accounts in excess of federally insured limits. As part of its cash management process, the Company periodically reviews the relative credit standing of these financial institutions. Amounts included in restricted cash at December 31, 2022 is a deposit of $425,000 required by the Concession Agreement with NYEDC. The deposit restriction was lifted in connection with the termination of the Concession Agreement on April 30, 2023. The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Investment, Policy [Policy Text Block]	Investments and Related Allowance for Credit Losses Investments held by the Company have readily determinable fair values and are reported at cost, which approximates fair value at December 31, 2023. On a monthly basis, realized gains and losses are determined by using the first-in first-out method and will be reported in other income and unrealized gains and losses will be reported in Other Comprehensive Income (Loss). Investments consist of U.S. treasury Notes and Bills with maturities ranging from March 31, 2024 through November 30, 2024. Investments are not purchased with the intent of selling in the near term. However, from time to time, the Company may decide to sell certain securities for liquidity, tax planning and other business purposes. Purchases and sales are recorded on a trade date basis and interest income is recorded when earned. The Company classifies its debt securities classified as available for sale are carried in the financial statements at fair value. Realized gains and losses on available for sale debt securities, determined using the first-in, first-out (FIFO) method, are included in earnings. Management assesses the financial condition and near-term prospects of the issuer, industry, and/or geographic conditions, credit ratings as well as other indicators at the individual security level. Impairments below cost in the estimated fair value of individual available for sale debt securities when there is an intent to sell or for which it more likely than not the Company will be required to sell before the impairment is recovered, are realized in other income in the statements of operations. When there is not an intent to sell or it is more likely than not the Company will not be required to sell the security before the impairment is recovered, management assesses whether the decline in fair value has resulted from credit losses or other factors. If the present value of discounted cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for available for sale credit losses is recorded. Such losses are limited to the amount that amortized cost exceeds fair value, even if the amount of the credit loss is greater. Any future changes in the allowance for credit losses is recorded as provision for (reversal of) credit losses.
Accounts Receivable [Policy Text Block]	Accounts Receivable and Revenue Concentration Beginning in April 2022, the Company’s customers began operating at pre-pandemic levels which continued through the end of 2022. In June 2022, a new tenant began operating at our New York Heliport. For the fiscal year ended December 31, 2022, the Company’s three three In September 2023, one of the Company’s former customers resumed operations. four four Accounts receivable are stated at the amount management expects to collect from outstanding balances. Collection losses have historically been immaterial, and management concluded that, based on its review of material balances outstanding, current economic conditions and the financial stability of its customers a valuation allowance for credit losses was not needed.
Inventory, Policy [Policy Text Block]	Inventories Inventory consists of aviation fuel which is stated at lower of cost or net realizable value determined by the first in first out method.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment is stated at cost. Depreciation is provided primarily using the straight-line method over the estimated useful lives as set forth in footnote 4. Amortization of leasehold improvements is provided using the straight-line method over their estimated useful life. Maintenance and repairs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment is sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income.
Revenue [Policy Text Block]	Revenue Recognition The Company recognizes revenue from ground-based services, such as fueling . Customer Deposits Customer deposits consist of amounts that customers are required to remit in advance to the Company in order to secure payment for future purchases and services. Customer deposits amounted to $253,446 and $204,633 at December 31, 2023 and 2022, respectively.
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between their financial statement carrying amounts and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. Management has analyzed the Company’s tax positions, and has concluded that no liability should be recorded related to uncertain tax positions taken. Deferred tax assets are subject to a valuation allowance because it is more likely than not that certain of the deferred tax assets will not be realized in future periods due to the uncertainty of future taxable income and the lack thereof of taxable income in carry-back periods. The Company files income tax returns in the United States (federal) and in various state and local jurisdictions. In most instances, the Company is no longer subject to federal, state and local income tax examinations by tax authorities for years prior to 2020.
Discontinued Operations, Policy [Policy Text Block]	Discontinued Operations A component of the Company is classified as a discontinued operation when (i) the operations and cash flows of the component of the Company can be clearly distinguished and have been or will be eliminated from our ongoing operations; (ii) the component has either been disposed of or is classified as held for sale; and (iii) we will not have any significant continuing involvement in the operations of the component of the Company after the disposal transactions. Significant judgments are involved in determining whether a component meets the criteria for discontinued operations reporting and the period in which these criteria are met. If a component of the Company is reported as a discontinued operation, the results of operations through the date of sale, including any gain or loss recognized on the disposition, are presented on a separate line of the Statement of Operations.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The reported amounts of the Company’s financial instruments, including accounts receivable, accounts payable and accrued liabilities, approximate their fair value due to their short maturities.
Earnings Per Share, Policy [Policy Text Block]	Net Income Per Common Share Basic net income per share applicable to common stockholders is computed based on the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted net income per share reflects the potential dilution that could occur if securities or other instruments to issue common stock were exercised or converted into common stock. Potentially dilutive securities, consisting of options, are excluded from the calculation of the diluted income per share when their exercise prices are greater than the average market price of the common stock during the period or when their inclusion would be anti-dilutive. The following table sets forth the components used in the computation of basic and diluted income per share: For the Year Ended December 31, 2023 (1) 2022 (1) Weighted average common shares outstanding, basic 976,782 976,048 Common shares upon exercise of options 12,904 11,101 Weighted average common shares outstanding, diluted 989,686 987,149 (1) Common shares of 13,332 and 26,664 underlying outstanding stock options for the years ended December 31, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share as their inclusion would be anti-dilutive.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation Stock-based compensation expense for all share-based payment awards are based on the estimated grant-date fair value. The Company recognizes these compensation costs over the requisite service period of the award, which is generally the option vesting term. For each of the years ended December 31, 2023 and 2022, the Company incurred stock based compensation of $81,999 and $71,995, respectively. Such amounts have been recorded as part of the Company’s selling, general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2023, the unamortized fair value of the options totaled $92,880 and the weighted average remaining amortization period of the options approximated five Option valuation models require the input of highly subjective assumptions, including the expected life of the option. Because the Company's employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management's opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options. The fair value of each share-based payment award granted during the years ended December 31, 2023 and 2022 were estimated using the Black-Scholes option pricing model with the following weighted average fair values: For the Year Ended December 31, 2023 2022 Dividend yield 0 % 0 % Expected volatility 4.918 % 4.918 % Risk-free interest rate 3.84 % 3.99 % Expected lives, years 5.0 5.0

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Year Ended December 31, 2023 (1) 2022 (1) Weighted average common shares outstanding, basic 976,782 976,048 Common shares upon exercise of options 12,904 11,101 Weighted average common shares outstanding, diluted 989,686 987,149
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]	For the Year Ended December 31, 2023 2022 Dividend yield 0 % 0 % Expected volatility 4.918 % 4.918 % Risk-free interest rate 3.84 % 3.99 % Expected lives, years 5.0 5.0

Note 4 - Property and Equipme_2

Note 4 - Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, Estimated 2023 2022 Useful Life (in years) Office furniture and equipment $ 424,242 $ 413,574 3 – 7 Leasehold improvements 2,753,074 2,740,750 10 – 20 Total 3,177,316 3,154,324 Less: accumulated depreciation and amortization (3,127,876 ) (3,111,462 ) Property and equipment, net $ 49,440 $ 42,862

Note 5 - Income Taxes (Tables)

Note 5 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2023 2022 Deferred tax assets: Stock based compensation $ 86,000 $ 86,000 Property and equipment 376,000 385,000 Total deferred tax assets 462,000 471,000 Valuation Allowance (462,000 ) (471,000 ) Deferred tax asset – net of valuation allowance $ 0 $ 0 Decrease in valuation allowance $ (9,000 ) $ 0
Federal Income Tax Note [Table Text Block]	December 31, 2023 2022 Tax at statutory rate 21.0 % 21.0 % Life insurance proceeds 0 % (11.7 )% State and local income taxes, net of federal 17.0 % 12.7 % Effective income tax expense rate 38.0 % 22.0 %

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]	Number of shares outstanding December 31, 2022 976,330 Issuance of common stock in connection with exercise of stock options 9,558 December 31, 2023 985,888
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of Options Weighted Average Exercise Price Balance, January 1, 2022 59,994 $ 2.184 Granted 20,832 4.900 Exercised (3,333 ) 2.580 Expired (9,999 ) 3.240 Balance, December 31, 2022 67,494 $ 4.040 Granted 13,332 7.600 Exercised (13,332 ) 2.662 Balance, December 31, 2023 67,494 $ 5.012
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	Exercise Price Outstanding Weighted average remaining contractual life of options (in years) Exercisable Intrinsic Value $7.60 13,332 4.92 --- $ 0 $4.00 7,500 3.66 7,500 $ 13,069 $5.40 13,332 3.92 13,332 $ 4,566 $3.45 9,999 2.92 9,999 $ 22,923 $2.58 9,999 1.92 9,999 $ 31,622 $5.60 13,332 .92 13,332 $ 1,900 TOTALS 67,494 54,162 $ 74,080

Note 8 - Discontinued Operati_2

Note 8 - Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	12/31/22 Revenue $ 3,704,048 Cost of revenue 3,183,561 Gross profit 520,487 Operating expenses 567,920 Operating loss from discontinued operations (47,433 ) Gain on sale 431,318 Income tax expense (180,000 ) Interest expense (17,980 ) Net income from discontinued operations 185,905 Basic and diluted net income per common share 0.19 Weighted average number of shares outstanding, basic 976,048 Weighted average number of shares outstanding, diluted 987,149

Note 2 - Liquidity and Materi_2

Note 2 - Liquidity and Material Agreements (Details Textual)				1 Months Ended	9 Months Ended	12 Months Ended
	Jul. 13, 2023 USD ($)	Apr. 28, 2023 USD ($)	Nov. 01, 2008 USD ($)	Mar. 31, 2022 USD ($)	Sep. 15, 2018	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2015	Mar. 15, 2018 USD ($)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents						$ 6,931,709	$ 5,977,157
Working Capital						8,269,527
Revenue from Contract with Customer, Including Assessed Tax						8,837,614	7,598,597
Net Income (Loss) Attributable to Parent						2,446,444	1,246,621
Net Cash Provided by (Used in) Operating Activities						3,344,387	1,712,556
Net Cash Provided by (Used in) Investing Activities						2,389,835	(1,424,315)
Environmental Remediation, Agreed Percentage of Reduction in Tenant Operated Tourist Flights								20%
Environmental Remediation, Agreed Percentage of Reduction in Tenant Operated Tourist Flights by Year One								40%
Environmental Remediation, Agreed Percentage of Reduction in Tenant Operated Tourist Flights by Year Two								50%
General and Administrative Expense						448,000	2,138,000
Administrative Fees Expense						$ 40,000
Interim Agreement, Initial Term (Year)	6 years
Interim Agreement, Renewal Period (Year)	6 years
Amount Of Gross Receipts During Initial Term	$ 1,036,811
Percentage Of Gross Receipts During Initial Term	30%
Amount Of Gross Receipts During Both Renewal Periods	$ 518,406
Percentage Amount of Gross Receipts During Both Renewal Periods						30%
Concession Fees						$ 682,000	1,509,000
Concession Agreement [Member]
Percentage Payable Greater than Gross Receipts During Period			18%	18%
Amount of Gross Receipts During Period			$ 5,000,000	$ 100,000		5,000,000
Percentage Payable Greater than Gross Receipts in Year One			25%
Line of Credit Facility, Payment Term								30 months
Line of Credit Facility, Number of Options to Extend Agreement								2
Temporary Use Authorization Agreement [Member]
Monthly Administrative Fee		$ 5,000
Key Bank National Association [Member] | Term Loan [Member]
Long-Term Debt, Current Maturities, Total						$ 0	$ 0
Working Capital Line of Credit [Member] | Key Bank National Association [Member]
Line of Credit Facility, Maximum Borrowing Capacity									$ 1,000,000
Acquisition Line of Credit [Member] | Key Bank National Association [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					2.75%

Note 3 - Summary of Significa_3

Note 3 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Contract with Customer, Liability, Current	$ 253,446	$ 204,633
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | shares	13,332	26,664
Share-Based Payment Arrangement, Noncash Expense	$ 81,999	$ 71,995
Shares Based Compensation, Stock Options Unamortized Fair Value	$ 92,880
Share-based Compensation, Weighted Average Remaining Amortization Period	5 years
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers	4	3
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Three Remaining Customers [Member]
Accounts Receivable, after Allowance for Credit Loss		$ 184,000
Concentration Risk, Percentage		75%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Four Customers [Member]
Accounts Receivable, after Allowance for Credit Loss	$ 248,000
Concentration Risk, Percentage	84.10%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Three Remaining Customers [Member]
Concentration Risk, Percentage		83%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Four Customers [Member]
Concentration Risk, Percentage	84.80%
Concession Agreement with NYEDC, Required Deposit [Member]
Restricted Cash and Cash Equivalents, Current		$ 425,000

Note 3 - Summary of Significa_4

Note 3 - Summary of Significant Accounting Policies - Computation of Basic Net Income Per Share (Details) - shares		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Weighted Average Number of Common Shares – Basic (in shares)	[1]	976,782	976,048
Common shares upon exercise of options (in shares)	[1]	12,904	11,101
Weighted Average Number of Common Shares – Diluted (in shares)	[1]	989,686	987,149
[1]Common shares of 13,332 and 26,664 underlying outstanding stock options for the years ended December 31, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share as their inclusion would be anti-dilutive.

Note 3 - Summary of Significa_5

Note 3 - Summary of Significant Accounting Policies - Fair Value of Share-based Payment Awards Granted (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Dividend yield	0%	0%
Expected volatility	4.918%	4.918%
Risk-free interest rate	3.84%	3.99%
Expected lives (Year)	5 years	5 years

Note 4 - Property and Equipme_3

Note 4 - Property and Equipment, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation, Depletion and Amortization	$ 16,000	$ 100,000

Note 4 - Property and Equipme_4

Note 4 - Property and Equipment, Net - Summary of Property and Equipment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment, Gross	$ 3,177,316	$ 3,154,324
Less: accumulated depreciation and amortization	(3,127,876)	(3,111,462)
Property, Plant and Equipment, Gross	49,440	42,862
Office Equipment [Member]
Property, Plant and Equipment, Gross	$ 424,242	$ 413,574
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		7 years
Leasehold Improvements [Member]
Property, Plant and Equipment, Gross	$ 2,753,074	$ 2,740,750
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		20 years

Note 5 - Income Taxes - Summary

Note 5 - Income Taxes - Summary of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Stock based compensation	$ 86,000	$ 86,000
Property and equipment	376,000	385,000
Total deferred tax assets	462,000	471,000
Valuation Allowance	(462,000)	(471,000)
Deferred tax asset – net of valuation allowance	0	0
Decrease in valuation allowance	$ (9,000)	$ 0

Note 5 - Income Taxes - Summa_2

Note 5 - Income Taxes - Summary of Provision for Income Taxes (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Tax at statutory rate	21%	21%
Life insurance proceeds	0%	(11.70%)
State and local income taxes, net of federal	17%	12.70%
Effective income tax expense rate	38%	22%

Note 6 - Stockholders' Equity_2

Note 6 - Stockholders' Equity (Details Textual) - shares	Aug. 17, 2019	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)		67,494	67,494	59,994
Preferred Stock, Shares Authorized (in shares)		333,306	333,306
Preferred Stock, Shares Outstanding, Ending Balance (in shares)		0	0
Preferred Stock, Shares Issued (in shares)		0	0
The 2005 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)		0
Common Stock, Capital Shares Reserved for Future Issuance	185,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Purchase Price of Common Stock, Percent	100%
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant		110,840	124,172
The 2005 Plan [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period	10 years

Note 6 - Stockholders' Equity -

Note 6 - Stockholders' Equity - Common Stock Outstanding (Details)	12 Months Ended
	Dec. 31, 2023 shares
December 31, 2021 (in shares)	976,330
Issuance of common stock in connection with a cashless exercise of a stock option (in shares)	9,558
December 31, 2022 (in shares)	985,888

Note 6 - Stockholders' Equity_3

Note 6 - Stockholders' Equity - Summary of Outstanding Options Under the Plan (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance (in shares)	67,494	59,994
Balance (in dollars per share)	$ 4.04	$ 2.184
Granted (in shares)	13,332	20,832
Granted (in dollars per share)	$ 7.6	$ 4.9
Exercised (in shares)	(13,332)	(3,333)
Exercised (in dollars per share)	$ 2.662	$ 2.58
Expired (in shares)		(9,999)
Expired (in dollars per share)		$ 3.24
Balance (in shares)	67,494	67,494
Balance (in dollars per share)	$ 5.012	$ 4.04

Note 6 - Stockholders' Equity_4

Note 6 - Stockholders' Equity - Summary of the Company's Stock Options (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding	67,494
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 74,080
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable	54,162
Range One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price | $ / shares	$ 7.6
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding	13,332
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term	4 years 11 months 1 day
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 0
Range Two [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price | $ / shares	$ 4
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding	7,500
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term	3 years 7 months 28 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 13,069
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable	7,500
Range Three [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price | $ / shares	$ 5.4
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding	13,332
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term	3 years 11 months 1 day
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 4,566
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable	13,332
Range Four [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price | $ / shares	$ 3.45
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding	9,999
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term	2 years 11 months 1 day
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 22,923
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable	9,999
Range Five [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price | $ / shares	$ 2.58
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding	9,999
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term	1 year 11 months 1 day
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 31,622
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable	9,999
Range Six [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price | $ / shares	$ 5.6
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding	13,332
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term	11 months 1 day
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 1,900
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable	13,332

Note 7 - Employee Benefit Plan

Note 7 - Employee Benefit Plan (Details Textual) - USD ($)		12 Months Ended
	Jan. 01, 2020	Dec. 31, 2023	Dec. 31, 2022
Safe Harbor 401K Plan [Member[
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	100%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match		100%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		4%
Plan 401K [Member]
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage		20%
Defined Contribution Plan, Employers Matching Contribution, Vesting Period		5 years
Defined Contribution Plan, Employer Discretionary Contribution Amount		$ 28,000	$ 40,000

Note 8 - Related Parties (Detai

Note 8 - Related Parties (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Wachtel & Missry, LLP. [Member]
Legal Fees	$ 93,000	$ 3,000

Note 8 - Discontinued Operati_3

Note 8 - Discontinued Operations (Details Textual) - GCK [Member] - USD ($)		12 Months Ended
	Oct. 31, 2023	Dec. 31, 2022	Oct. 31, 2022	Oct. 03, 2022
Discontinued Operations, Disposed of by Sale [Member]
Disposal Group, Including Discontinued Operation, Consideration			$ 1,500,000
Proceeds from Divestiture of Businesses	$ 160,000,000,000
Cash Provided by (Used in) Operating Activities, Discontinued Operations		$ (416,413)
Cash Provided by (Used in) Investing Activities, Discontinued Operations		1,440,000
Cash Provided by (Used in) Financing Activities, Discontinued Operations		$ (106,620)
Discontinued Operations [Member]
Disposal Group, Including Discontinued Operation, Consideration				$ 1,600,000
Noncompete Agreements [Member] | Discontinued Operations, Disposed of by Sale [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				7 years

Note 9 - Discontinued Operation

Note 9 - Discontinued Operations - Discontinued Operations (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Gain on Sale		$ 0	$ 431,318
Income tax expense		0	180,000
INCOME FROM DISCONTINUED OPERATIONS, net of income taxes		$ 0	$ 185,905
Weighted average number of shares outstanding, basic (in shares)	[1]	976,782	976,048
Weighted average number of shares outstanding, diluted (in shares)	[1]	989,686	987,149
Discontinued Operations, Disposed of by Sale [Member] | GCK [Member]
Revenue		$ 3,704,048
Cost of revenue		3,183,561
Gross profit		520,487
Operating expenses		567,920
Operating (loss) income from discontinued operations		(47,433)
Gain on Sale		431,318
Income tax expense		180,000
Interest expense		17,980
INCOME FROM DISCONTINUED OPERATIONS, net of income taxes		$ 185,905
Basic and diluted net income per common share (in dollars per share)		$ 0.19
Weighted average number of shares outstanding, basic (in shares)		976,048
Weighted average number of shares outstanding, diluted (in shares)		987,149
[1]Common shares of 13,332 and 26,664 underlying outstanding stock options for the years ended December 31, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share as their inclusion would be anti-dilutive.

Note 9 - Litigation (Details Te

Note 9 - Litigation (Details Textual) - Arbitration With Empire Aviation, LLC [Member] - USD ($)	Mar. 14, 2024	Dec. 31, 2023
Loss Contingency Accrual		$ 350,000
Subsequent Event [Member]
Loss Contingency, Damages Sought, Value	$ 1,050,000
Loss Contingency Damages Sought Value Accrued Interest	$ 250,000

Note 11 - Investments (Details

Note 11 - Investments (Details Textual)	Dec. 31, 2023 USD ($)
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Assets, Fair Value Disclosure	$ 2,543,321