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Note 6 - Business Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2018
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Billboards |
|  | Tammy Lynn |  |  | Key Outdoor |  |  | Waitt Outdoor |  |  | Total |
Assets Acquired |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and Equipment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Structures, displays, and equipment |  | $ | 2,147,305 |  |  | $ | 9,565,481 |  |  | $ | 20,101,630 |  |  | $ | 31,814,416 |
Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 4,432,000 |  |  |  | 7,692,000 |  |  |  | 12,696,000 |  |  |  | 24,820,000 |
Permits, licenses, and lease acquisition costs |  |  | 893,000 |  |  |  | 1,184,000 |  |  |  | 5,341,000 |  |  |  | 7,418,000 |
Easements |  |  | - |  |  |  | - |  |  |  | 454,563 |  |  |  | 454,563 |
Favorable leases |  |  | 1,425,000 |  |  |  | - |  |  |  | - |  |  |  | 1,425,000 |
Noncompetition and nonsolicitation agreements |  |  | 10,000 |  |  |  | 100,000 |  |  |  | 219,000 |  |  |  | 329,000 |
Goodwill |  |  | 7,592,688 |  |  |  | 19,499,000 |  |  |  | 46,381,946 |  |  |  | 73,473,634 |
Total Intangible Assets |  |  | 14,352,688 |  |  |  | 28,475,000 |  |  |  | 65,092,509 |  |  |  | 107,920,197 |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | 188,261 |  |  |  | - |  |  |  | 1,239,457 |  |  |  | 1,427,718 |
Prepaid expenses |  |  | - |  |  |  | 233,894 |  |  |  | 1,551,084 |  |  |  | 1,784,978 |
Total Other Assets |  |  | 188,261 |  |  |  | 233,894 |  |  |  | 2,790,541 |  |  |  | 3,212,696 |
Total Assets Acquired |  |  | 16,688,254 |  |  |  | 38,274,375 |  |  |  | 87,984,680 |  |  |  | 142,947,309 |
Liabilities Assumed |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  |  | - |  |  |  | - |  |  |  | (761,779 | ) |  |  | (761,779 | )
Asset retirement obligations |  |  | - |  |  |  | (40,481 | ) |  |  | (1,875,639 | ) |  |  | (1,916,120 | )
Other long-term liabilities |  |  | - |  |  |  | - |  |  |  | (1,316,000 | ) |  |  | (1,316,000 | )
Total Liabilities Assumed |  |  | - |  |  |  | (40,481 | ) |  |  | (3,953,418 | ) |  |  | (3,993,899 | )
Total |  | $ | 16,688,254 |  |  | $ | 38,233,894 |  |  | $ | 84,031,262 |  |  | $ | 138,953,410 |
Business Combination, Separately Recognized Transactions [Table Text Block] |
|  | Billboards |
|  | Tammy Lynn |  |  | Key Outdoor |  |  | Waitt Outdoor |  |  | Total |
Amortization of intangible assets acquired for the three months ended September 30, 2018 |  | $ | 285,189 |  |  | $ | 225,200 |  |  | $ | 400,825 |  |  | $ | 911,214 |
Revenues since the acquisition date included in the consolidated statement of operations for the three months ended September 30, 2018 |  | $ | 340,006 |  |  | $ | 555,992 |  |  | $ | 1,117,509 |  |  | $ | 2,013,507 |
Earnings since the acquisition date included in the consolidated statement of operations for the three months ended September 30, 2018 |  | $ | (54,969 | ) |  | $ | (6,756 | ) |  | $ | 32,312 |  |  | $ | (29,413 | )
Costs of acquisition included in professional fees in the consolidated statement of operations for the three months ended September 30, 2018 |  | $ | 113,679 |  |  | $ | 121,469 |  |  | $ | 140,165 |  |  | $ | 375,313 |
Amortization of intangible assets acquired for the nine months ended September 30, 2018 |  | $ | 285,189 |  |  | $ | 225,200 |  |  | $ | 400,825 |  |  | $ | 911,214 |
Revenues since the acquisition date included in the consolidated statement of operations for the nine months ended September 30, 2018 |  | $ | 340,006 |  |  | $ | 555,992 |  |  | $ | 1,117,509 |  |  | $ | 2,013,507 |
Earnings since the acquisition date included in the consolidated statement of operations for the nine months ended September 30, 2018 |  | $ | (54,969 | ) |  | $ | (6,756 | ) |  | $ | 32,312 |  |  | $ | (29,413 | )
Costs of acquisition included in professional fees in the consolidated statement of operations for the nine months ended September 30, 2018 |  | $ | 113,679 |  |  | $ | 121,469 |  |  | $ | 140,165 |  |  | $ | 375,313 |
|  | Billboards |
|  | CCO |  |  | Hartlind |  |  | Southeastern US |  |  | Subtotal |
Amortization of intangible assets acquired for the three months ended September 30, 2017 |  | $ | 70,846 |  |  | $ | 45,770 |  |  | $ | 129,649 |  |  | $ | 246,265 |
Revenues since the acquisition date included in the consolidated statement of operations for the three months ended September 30, 2017 |  | $ | 264,001 |  |  | $ | 85,178 |  |  | $ | 238,746 |  |  | $ | 587,925 |
Earnings since the acquisition date included in the consolidated statement of operations for the three months ended September 30, 2017 |  | $ | 24,293 |  |  | $ | 21,281 |  |  | $ | (30,404 | ) |  | $ | 15,170 |
Costs of acquisition included in professional fees in the consolidated statement of operations for the three months ended September 30, 2017 |  | $ | - |  |  | $ | - |  |  | $ | 27,587 |  |  | $ | 27,587 |
Amortization of intangible assets acquired for the nine months ended September 30, 2017 |  | $ | 212,539 |  |  | $ | 122,054 |  |  | $ | 167,830 |  |  | $ | 502,423 |
Revenues since the acquisition date included in the consolidated statement of operations for the nine months ended September 30, 2017 |  | $ | 623,077 |  |  | $ | 237,954 |  |  | $ | 244,066 |  |  | $ | 1,105,097 |
Earnings since the acquisition date included in the consolidated statement of operations for the nine months ended September 30, 2017 |  | $ | (17,462 | ) |  | $ | 77,010 |  |  | $ | (84,447 | ) |  | $ | (24,899 | )
Costs of acquisition included in professional fees in the consolidated statement of operations for the nine months ended September 30, 2017 |  | $ | 14,468 |  |  | $ | 8,645 |  |  | $ | 49,150 |  |  | $ | 72,263 |
|  | Insurance |  |  |  |  |
|  | SSS |  |  | SCS |  |  | Freestate |  |  | Subtotal |  |  | Total |
Amortization of intangible assets acquired for the three months ended September 30, 2017 |  | $ | 13,749 |  |  | $ | - |  |  | $ | - |  |  | $ | 13,749 |  |  | $ | 260,014 |
Revenues since the acquisition date included in the consolidated statement of operations for the three months ended September 30, 2017 |  | $ | 78,065 |  |  | $ | - |  |  | $ | - |  |  | $ | 78,065 |  |  | $ | 665,990 |
Earnings since the acquisition date included in the consolidated statement of operations for the three months ended September 30, 2017 |  | $ | (44,913 | ) |  | $ | - |  |  | $ | - |  |  | $ | (44,913 | ) |  | $ | (29,743 | )
Costs of acquisition included in professional fees in the consolidated statement of operations for the three months ended September 30, 2017 |  | $ | 28,293 |  |  | $ | - |  |  | $ | - |  |  | $ | 28,293 |  |  | $ | 55,880 |
Amortization of intangible assets acquired for the nine months ended September 30, 2017 |  | $ | 13,749 |  |  | $ | - |  |  | $ | - |  |  | $ | 13,749 |  |  | $ | 516,172 |
Revenues since the acquisition date included in the consolidated statement of operations for the nine months ended September 30, 2017 |  | $ | 78,065 |  |  | $ | - |  |  | $ | - |  |  | $ | 78,065 |  |  | $ | 1,183,162 |
Earnings since the acquisition date included in the consolidated statement of operations for the nine months ended September 30, 2017 |  | $ | (44,913 | ) |  | $ | - |  |  | $ | - |  |  | $ | (44,913 | ) |  | $ | (69,812 | )
Costs of acquisition included in professional fees in the consolidated statement of operations for the nine months ended September 30, 2017 |  | $ | 28,293 |  |  | $ | - |  |  | $ | - |  |  | $ | 28,293 |  |  | $ | 100,556 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Revenue |  | $ | 8,363,233 |  |  | $ | 8,359,105 |  |  | $ | 24,697,680 |  |  | $ | 24,379,048 |
Net Loss |  | $ | (3,180,120 | ) |  | $ | (2,720,307 | ) |  | $ | (9,388,507 | ) |  | $ | (8,027,154 | )
Basic and Diluted Loss per Share |  | $ | (0.14 | ) |  | $ | (0.19 | ) |  | $ | (0.49 | ) |  | $ | (0.83 | )
Basic and Diluted Weighted Average Class A and Class B Common Shares Outstanding |  |  | 22,059,414 |  |  |  | 14,379,041 |  |  |  | 19,278,915 |  |  |  | 9,707,540 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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