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v3.25.3

Note 5 - Acquisitions and Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes Tables |
Business Combination, Pro Forma Information [Table Text Block] |
(in thousands, except per share data) |  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Revenues |  | $ | 38,314 |  |  | $ | 35,405 |  |  | $ | 115,396 |  |  | $ | 103,628 |
Loss from continuing operations attributable to common shareholders |  | $ | (4,671 | ) |  | $ | (2,796 | ) |  | $ | (9,752 | ) |  | $ | (6,370 | )
Basic loss per share - continuing operations |  | $ | (0.16 | ) |  | $ | (0.10 | ) |  | $ | (0.35 | ) |  | $ | (0.23 | )
Diluted loss per share - continuing operations |  | $ | (0.16 | ) |  | $ | (0.10 | ) |  | $ | (0.35 | ) |  | $ | (0.23 | )
(in thousands, except per share data) |  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2024 |  |  | 2024 |
Revenues |  | $ | 29,326 |  |  | $ | 86,584 |
Loss from continuing operations attributable to common shareholders |  | $ | (3,104 | ) |  | $ | (8,025 | )
Basic loss per share - continuing operations |  | $ | (0.11 | ) |  | $ | (0.29 | )
Diluted loss per share - continuing operations |  | $ | (0.11 | ) |  | $ | (0.29 | )
Disposal Groups, Including Discontinued Operations [Table Text Block] |
(in thousands) |  |  | Three months ended September 30, |  |  |  | Nine months ended September 30, |
|  | 2024 |  |  | 2024 |
Income from discontinued operations, net of taxes: |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |
Rental revenue |  | $ | 157 |  |  | $ | 890 |
Total revenues |  |  | 157 |  |  |  | 890 |
Expenses: |  |  |  |  |  |  |  |
Cost of services sold |  |  | 31 |  |  |  | 136 |
General and administrative expenses |  |  | 8 |  |  |  | 128 |
Leased real estate segment interest expense |  |  | 43 |  |  |  | 218 |
Total expenses |  |  | 82 |  |  |  | 482 |
Non-operating other revenue |  |  | 6 |  |  |  | 31 |
Income from discontinued operations before income tax expense |  |  | 81 |  |  |  | 439 |
Income tax expense |  |  | — |  |  |  | — |
Income from discontinued operations, net of taxes |  | $ | 81 |  |  | $ | 439 |
Image Solutions, LLC [Member] |
Notes Tables |
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block] |
(in thousands) |  |  |  |
Purchase price: |  | September 26, 2024 |
Cash paid at closing |  | $ | 20,354 |
Working capital adjustment |  |  | (309 | )
Total purchase price |  | $ | 20,045 |
(in thousands) |  |  |  |
|  |  | September 26, 2024 |
Purchase Price |  | $ | 20,045 |
Cash and cash equivalents |  | $ | 293 |
Service fee receivable |  |  | 575 |
Other receivables |  |  | 160 |
Property and equipment |  |  | 85 |
Intangible asset not subject to amortization - trade name |  |  | 1,500 |
Intangible asset subject to amortization - customer relationships |  |  | 11,100 |
Other assets - inventory and prepaid expenses |  |  | 870 |
Total assets |  | $ | 14,583 |
Accrued expenses and other liabilities |  | $ | 799 |
Total liabilities |  | $ | 799 |
Total identifiable assets and liabilities |  | $ | 13,784 |
Excess purchase price allocated to goodwill |  | $ | 6,261 |
M.L.C. Plumbing, LLC [Member] |
Notes Tables |
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block] |
(in thousands) |  |  |  |
Purchase price: |  | March 14, 2025 |
Cash paid at closing |  | $ | 3,829 |
Working capital adjustment |  |  | 31 |
Seller note |  |  | 1,100 |
Total purchase price |  | $ | 4,960 |
(in thousands) |  |  |  |
|  |  | March 14, 2025 |
Purchase price |  | $ | 4,960 |
Cash and cash equivalents |  | $ | 308 |
Service fee receivable |  |  | 46 |
Property and equipment |  |  | 173 |
Intangible asset not subject to amortization - trade name |  |  | 3,100 |
Intangible asset subject to amortization - customer relationships |  |  | 500 |
Other assets - inventory and prepaid expenses |  |  | 226 |
Total assets |  | $ | 4,353 |
Accrued expenses and other liabilities |  | $ | 388 |
Total liabilities |  | $ | 388 |
Total identifiable assets and liabilities |  | $ | 3,965 |
Excess purchase price allocated to goodwill |  | $ | 995 |
Southside Plumbing [Member] |
Notes Tables |
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block] |
(in thousands) |  |  |  |
Preliminary purchase price: |  | August 14, 2025 |
Cash paid at closing |  | $ | 4,040 |
Seller note |  |  | 420 |
Contingent consideration |  |  | 190 |
Total purchase price |  | $ | 4,650 |
(in thousands) |  |  |  |
|  | August 14, 2025 |
Preliminary purchase price |  | $ | 4,650 |
Cash and cash equivalents |  | $ | 94 |
Service fee receivable |  |  | 334 |
Property and equipment, net |  |  | 1,087 |
Intangible asset not subject to amortization - trade name |  |  | 1,100 |
Intangible asset subject to amortization - customer relationships |  |  | 1,000 |
Other assets - inventory and prepaid expenses |  |  | 58 |
Total assets |  | $ | 3,673 |
Accrued expenses and other liabilities |  | $ | 685 |
Total liabilities |  | $ | 685 |
Total identifiable assets and liabilities |  | $ | 2,988 |
Redeemable noncontrolling interest |  | $ | 925 |
Excess purchase price allocated to goodwill |  | $ | 2,587 |
Advanced Plumbing and Drain [Member] |
Notes Tables |
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block] |
(in thousands) |  |  |  |
Preliminary purchase price: |  | August 1, 2025 |
Cash paid at closing |  | $ | 2,652 |
Seller note |  |  | 420 |
Contingent consideration |  |  | 790 |
Total purchase price |  | $ | 3,862 |
(in thousands) |  |  |  |
|  | August 1, 2025 |
Preliminary purchase price |  | $ | 3,862 |
Cash and cash equivalents |  | $ | 23 |
Service fee receivable |  |  | 503 |
Other receivables |  |  | 6 |
Property and equipment, net |  |  | 610 |
Intangible asset not subject to amortization - trade name |  |  | 1,600 |
Intangible asset subject to amortization - customer relationships |  |  | 1,100 |
Other assets - inventory |  |  | 143 |
Total assets |  | $ | 3,985 |
Accrued expenses and other liabilities |  | $ | 717 |
Total liabilities |  | $ | 717 |
Total identifiable assets and liabilities |  | $ | 3,268 |
Excess purchase price allocated to goodwill |  | $ | 594 |
Roundhouse Electric & Equipment Co. Inc. [Member] |
Notes Tables |
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block] |
(in thousands) |  |  |  |
Preliminary purchase price: |  | July 1, 2025 |
Cash paid at closing |  | $ | 20,201 |
Seller phantom equity awards |  |  | 3,328 |
Total purchase price |  | $ | 23,529 |
(in thousands) |  |  |  |
|  | July 1, 2025 |
Preliminary purchase price |  | $ | 23,529 |
Cash and cash equivalents |  | $ | 333 |
Service fee receivable |  |  | 4,259 |
Other receivables |  |  | 12 |
Property and equipment, net |  |  | 2,355 |
Intangible asset not subject to amortization - trade name |  |  | 1,220 |
Intangible asset subject to amortization - customer relationships |  |  | 11,000 |
Other assets - inventory and prepaid expenses |  |  | 882 |
Total assets |  | $ | 20,061 |
Accrued expenses and other liabilities |  | $ | 2,584 |
Income taxes payable |  |  | 91 |
Net deferred income tax liabilities |  |  | 2,927 |
Total liabilities |  | $ | 5,602 |
Total identifiable assets and liabilities |  | $ | 14,459 |
Excess purchase price allocated to goodwill |  | $ | 9,070 |

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