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Note 7 - Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | 7. Other Intangible Assets The following is a summary of the Company’s other intangible assets:
|  | Gross |  |  | Less |  |  | Net |
|  | Carrying |  |  | Accumulated |  |  | Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Indefinite lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Trademark and tradenames |  | $ | 77,600 |  |  | $ | - |  |  | $ | 77,600 |
Amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Dealer network |  |  | 80,000 |  |  |  | 80,000 |  |  |  | - |
Customer relationships |  |  | 80,920 |  |  |  | 47,876 |  |  |  | 33,044 |
Patents |  |  | 21,136 |  |  |  | 19,506 |  |  |  | 1,630 |
Noncompete agreements |  |  | 8,640 |  |  |  | 8,640 |  |  |  | - |
Trademarks |  |  | 5,459 |  |  |  | 4,183 |  |  |  | 1,276 |
Amortizable intangibles, net |  |  | 196,155 |  |  |  | 160,205 |  |  |  | 35,950 |
Total |  | $ | 273,755 |  |  | $ | 160,205 |  |  | $ | 113,550 |
|  | Gross |  |  | Less |  |  | Net |
|  | Carrying |  |  | Accumulated |  |  | Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Indefinite lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Trademark and tradenames |  | $ | 77,600 |  |  | $ | - |  |  | $ | 77,600 |
Amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Dealer network |  |  | 80,000 |  |  |  | 79,000 |  |  |  | 1,000 |
Customer relationships |  |  | 80,920 |  |  |  | 42,707 |  |  |  | 38,213 |
Patents |  |  | 21,136 |  |  |  | 18,249 |  |  |  | 2,887 |
Noncompete agreements |  |  | 8,640 |  |  |  | 8,640 |  |  |  | - |
Trademarks |  |  | 5,459 |  |  |  | 4,089 |  |  |  | 1,370 |
Amortizable intangibles, net |  |  | 196,155 |  |  |  | 152,685 |  |  |  | 43,470 |
Total |  | $ | 273,755 |  |  | $ | 152,685 |  |  | $ | 121,070 |
Amortization expense for intangible assets was $7,520, $10,520 and $10,520 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated amortization expense for the next five years is as follows:
2025 |  |  | 6,075 |
2026 |  |  | 5,450 |
2027 |  |  | 5,450 |
2028 |  |  | 5,450 |
2029 |  |  | 5,300 |
The weighted average remaining life for intangible assets is 6.4 years at December 31, 2024.

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