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Note 13 - Future Minimum Lease Payments
 12 Months Ended
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.