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Note 7 - Intangible Assets
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
NOTE
7.
INTANGIBLE ASSETS
 
Intangible assets consist of the following:
 
   
December 31, 2018
 
December 31, 2017
   
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
   
Cost
 
Amortization
 
Balance
 
Cost
 
Amortization
 
Balance
                                                 
Customer relationships
  $
32,638,900
    $
(8,326,564
)   $
24,312,336
    $
8,132,900
    $
(2,970,533
)   $
5,162,367
 
Permits, licenses, and lease acquisition costs
   
9,599,621
     
(559,285
)    
9,040,336
     
2,184,106
     
(178,835
)    
2,005,271
 
Site location
   
849,347
     
(80,216
)    
769,131
     
849,347
     
(23,593
)    
825,754
 
Noncompetition agreements
   
614,000
     
(145,517
)    
468,483
     
285,000
     
(66,417
)    
218,583
 
Trade names and trademarks
   
722,200
     
(195,417
)    
526,783
     
722,200
     
(112,250
)    
609,950
 
Technology
   
138,000
     
(122,657
)    
15,343
     
138,000
     
(76,662
)    
61,338
 
Nonsolicitation agreement
   
28,000
     
(28,000
)    
-
     
28,000
     
(28,000
)    
-
 
Favorable leases
   
847,000
     
(35,291
)    
811,709
     
-
     
-
     
-
 
Easements
   
1,088,413
     
-
     
1,088,413
     
466,360
     
-
     
466,360
 
                                                 
Total
  $
46,525,481
    $
(9,492,947
)   $
37,032,534
    $
12,805,913
    $
(3,456,290
)   $
9,349,623
 
 
The future amortization associated with the intangible assets is as follows:
 
   
December 31,
 
 
 
 
 
 
 
 
   
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
                                                         
Customer relationships
  $
10,167,291
    $
8,750,949
    $
5,394,096
    $
-
    $
-
    $
-
    $
24,312,336
 
Permits, licenses, and lease acquisition costs
   
867,542
     
867,542
     
867,542
     
867,542
     
867,542
     
4,702,626
     
9,040,336
 
Site location
   
56,623
     
56,623
     
56,623
     
56,623
     
56,623
     
486,016
     
769,131
 
Noncompetition agreements
   
122,800
     
115,217
     
98,800
     
87,966
     
43,700
     
-
     
468,483
 
Trade names and trademarks
   
72,483
     
64,900
     
64,900
     
64,900
     
64,900
     
194,700
     
526,783
 
Technology
   
15,343
     
-
     
-
     
-
     
-
     
-
     
15,343
 
Favorable leases
   
84,700
     
84,700
     
84,700
     
84,700
     
84,700
     
388,209
     
811,709
 
                                                         
Total
  $
11,386,782
    $
9,939,931
    $
6,566,661
    $
1,161,731
    $
1,117,465
    $
5,771,551
    $
35,944,121
 
 
Amortization expense for the year ended
December 31, 2018
and
2017
was
$6,036,657
and
$2,410,081,
respectively.
 
Future Amortization
 
The weighted average amortization period, in months, for intangible assets is as follows:
 
Customer relationships
   
27
 
Permits, licenses, and lease acquisition costs
   
125
 
Site location
   
163
 
Noncompetition agreements
   
46
 
Trade names and trademarks
   
62
 
Technology
   
4
 
Favorable leases
   
115