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Note 13 - Future Minimum Lease Payments | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Leases of Lessee Disclosure [Text Block] |
NOTE 1 3 . | FUTURE MINIMUM LEASE PAYMENTS
In connection with the business acquisitions (See Note 6 ), we acquired the leases for over 2,900 billboard locations. Some of the leases are non-cancelable operating leases having remaining terms ranging from month-to-month to 1,141 months. In many instances, we can cancel the lease with little or no penalty. Ground rents for the years ended December 31, 2018 and 2017 were $2,999,971 and $1,407,077 respectively. Contingent rents included in ground rents for years ended December 31, 2018 and 2017 were $242,626 and $82,733, respectively. We lease office space under leases expiring between 2019 and 2026. Rent expense included in general and administrative expense for the years ended December 31, 2018 and 2017 was $582,086 and $234,387, respectively. Future minimum rents are as follows for the twelve months ending December 31,
2019 |  | $ | 4,495,984 |
2020 |  |  | 4,148,078 |
2021 |  |  | 3,824,585 |
2022 |  |  | 3,406,397 |
2023 |  |  | 3,287,293 |
Thereafter |  |  | 19,047,366 |
Total |  | $ | 38,209,703 |
We accrue rent expense on certain leases with escalating rent payments that were acquired in connection with the Waitt acquisition in an amount such that the total rent expense under these leases will be recognized ratably over the lives of the leases. Accrued rent expense of $1,316,000 as of December 31, 2018, is included in other long-term liabilities in the accompanying consolidated balance sheet. No liability was recorded as of December 31, 2017.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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