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Note 6 - Business Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2019
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  |  |  |  |  | Key |  |  |  |  |
|  | Sep. 30, 2019 |  |  | Adjustments |  |  | Dec. 31, 2018 |
Assets Acquired |  |  |  |  |  |  |  |  |  |  |  |
Property and Equipment: |  |  |  |  |  |  |  |  |  |  |  |
Structures and displays |  | $ | 6,927,808 |  |  | $ | (2,676,030 | ) |  | $ | 9,603,838 |
Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 8,627,000 |  |  |  | 935,000 |  |  |  | 7,692,000 |
Permits, licenses, and lease acquisition costs |  |  | 1,167,000 |  |  |  | (17,000 | ) |  |  | 1,184,000 |
Easements |  |  | - |  |  |  | - |  |  |  | - |
Favorable leases |  |  | - |  |  |  | - |  |  |  | - |
Noncompetition and non-solicitation agreements |  |  | 100,000 |  |  |  | - |  |  |  | 100,000 |
Goodwill |  |  | 21,257,030 |  |  |  | 1,758,030 |  |  |  | 19,499,000 |
Total Intangible Assets |  |  | 31,151,030 |  |  |  | 2,676,030 |  |  |  | 28,475,000 |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | - |  |  |  | - |  |  |  | - |
Prepaid expenses |  |  | 233,894 |  |  |  | - |  |  |  | 233,894 |
Total Other Assets |  |  | 233,894 |  |  |  | - |  |  |  | 233,894 |
Total Assets Acquired |  |  | 38,312,732 |  |  |  | - |  |  |  | 38,312,732 |
Liabilities Assumed |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  |  | - |  |  |  | - |  |  |  | - |
Asset retirement obligations |  |  | (78,838 | ) |  |  | - |  |  |  | (78,838 | )
Other long-term liabilities |  |  | - |  |  |  | - |  |  |  | - |
Total Liabilities Assumed |  |  | (78,838 | ) |  |  | - |  |  |  | (78,838 | )
Total |  | $ | 38,233,894 |  |  | $ | - |  |  | $ | 38,233,894 |
|  |  |  |  |  | Waitt |  |  |  |  |
|  | Sep. 30, 2019 |  |  | Adjustments |  |  | Dec. 31, 2018 |
Assets Acquired |  |  |  |  |  |  |  |  |  |  |  |
Property and Equipment: |  |  |  |  |  |  |  |  |  |  |  |
Structures and displays |  | $ | 16,220,375 |  |  | $ | (3,503,529 | ) |  | $ | 19,723,904 |
Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 13,984,000 |  |  |  | 1,288,000 |  |  |  | 12,696,000 |
Permits, licenses, and lease acquisition costs |  |  | 5,288,000 |  |  |  | (53,000 | ) |  |  | 5,341,000 |
Easements |  |  | 454,563 |  |  |  | - |  |  |  | 454,563 |
Favorable leases |  |  | - |  |  |  | - |  |  |  | - |
Noncompetition and non-solicitation agreements |  |  | 219,000 |  |  |  | - |  |  |  | 219,000 |
Goodwill |  |  | 48,650,475 |  |  |  | 2,268,529 |  |  |  | 46,381,946 |
Total Intangible Assets |  |  | 68,596,038 |  |  |  | 3,503,529 |  |  |  | 65,092,509 |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | 1,239,457 |  |  |  | - |  |  |  | 1,239,457 |
Prepaid expenses |  |  | 1,551,084 |  |  |  | - |  |  |  | 1,551,084 |
Total Other Assets |  |  | 2,790,541 |  |  |  | - |  |  |  | 2,790,541 |
Total Assets Acquired |  |  | 87,606,954 |  |  |  | - |  |  |  | 87,606,954 |
Liabilities Assumed |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  |  | (761,779 | ) |  |  | - |  |  |  | (761,779 | )
Asset retirement obligations |  |  | (1,497,913 | ) |  |  | - |  |  |  | (1,497,913 | )
Other long-term liabilities |  |  | (1,316,000 | ) |  |  | - |  |  |  | (1,316,000 | )
Total Liabilities Assumed |  |  | (3,575,692 | ) |  |  | - |  |  |  | (3,575,692 | )
Total |  | $ | 84,031,262 |  |  | $ | - |  |  | $ | 84,031,262 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Revenue |  | $ | 11,037,522 |  |  | $ | 8,699,175 |  |  | $ | 30,931,950 |  |  | $ | 25,705,507 |
Net Income (Loss) Attributable to Common Stockholders |  | $ | 487,184 |  |  | $ | (3,399,022 | ) |  | $ | (6,148,998 | ) |  | $ | (10,045,212 | )
Basic and Diluted Income (Loss) per Share |  | $ | 0.02 |  |  | $ | (0.15 | ) |  | $ | (0.27 | ) |  | $ | (0.52 | )
Basic and Diluted Weighted Average Class A and Class B Common Shares Outstanding |  |  | 22,833,411 |  |  |  | 22,094,087 |  |  |  | 22,594,263 |  |  |  | 19,313,588 |

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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=116869197&loc=d3e4845-128472 + Details
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