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Note 8 - Other Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] |
8. | Other Intangible Assets
​ The following is a summary of the Company’s other intangible assets: ​
|  | Gross |  |  | Less |  |  | Net |
|  | Carrying |  |  | Accumulated |  |  | Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Indefinite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Trademark and tradenames |  | $ | 77,600 |  |  | $ | - |  |  | $ | 77,600 |
Amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Dealer network |  |  | 80,000 |  |  |  | 76,000 |  |  |  | 4,000 |
Customer relationships |  |  | 80,920 |  |  |  | 38,830 |  |  |  | 42,090 |
Patents |  |  | 21,136 |  |  |  | 17,308 |  |  |  | 3,828 |
Noncompete agreements |  |  | 8,640 |  |  |  | 8,640 |  |  |  | - |
Trademarks |  |  | 5,459 |  |  |  | 4,018 |  |  |  | 1,441 |
Amortizable intangibles, net |  |  | 196,155 |  |  |  | 144,796 |  |  |  | 51,359 |
Total |  | $ | 273,755 |  |  | $ | 144,796 |  |  | $ | 128,959 |
|  | Gross |  |  | Less |  |  | Net |
|  | Carrying |  |  | Accumulated |  |  | Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Indefinite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Trademark and tradenames |  | $ | 77,600 |  |  | $ | - |  |  | $ | 77,600 |
Amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Dealer network |  |  | 80,000 |  |  |  | 75,000 |  |  |  | 5,000 |
Customer relationships |  |  | 80,920 |  |  |  | 37,537 |  |  |  | 43,383 |
Patents |  |  | 21,136 |  |  |  | 16,994 |  |  |  | 4,142 |
Noncompete agreements |  |  | 8,640 |  |  |  | 8,640 |  |  |  | - |
Trademarks |  |  | 5,459 |  |  |  | 3,995 |  |  |  | 1,464 |
Amortizable intangibles, net |  |  | 196,155 |  |  |  | 142,166 |  |  |  | 53,989 |
Total |  | $ | 273,755 |  |  | $ | 142,166 |  |  | $ | 131,589 |
​ Amortization expense for intangible assets was $2,630 and $2,630 for the three months ended March 31, 2023 and 2022, respectively. Estimated amortization expense for the remainder of 2023 and each of the succeeding five years is as follows: ​
2023 |  | $ | 7,890 |
2024 |  |  | 7,520 |
2025 |  |  | 6,075 |
2026 |  |  | 5,450 |
2027 |  |  | 5,450 |
2028 |  |  | 5,450 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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