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Note 8 - Investments, Including Investments Accounted for Using the Equity Method (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Investment [Table Text Block]

		September 30,				December 31,
		2022				2021
Certificates of deposit		$	310,975			$	310,276
U.S. Treasury notes held to maturity			4,759,202				4,418,719
Common stock warrants of Sky Harbour Group Corporation			2,837,019				-
Total		$	7,907,196			$	4,728,995

		September 30,				December 31,
		2022				2021
U.S. Treasury securities, held to maturity		$	1,972,606			$	154,265
Preferred stock			348,695				104,019
Voting common stock of CB&T Holding Corporation			19,058,485				19,058,485
Total		$	21,379,786			$	19,316,769

Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]

						Gross
						Unrealized				Fair
		Cost				Gain (Loss)				Value
Marketable equity securities, September 30, 2022		$	10,920,696			$	2,413,498			$	13,334,194
Marketable equity securities, December 31, 2021		$	20,893,647			$	49,723,850			$	70,617,497

Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]

						Gross
						Unrealized				Fair
		Cost				Gain (Loss)				Value
U.S. Treasury trading securities, September 30, 2022		$	38,337,604			$	(470,763	)		$	37,866,841
U.S. Treasury trading securities, December 31, 2021		$	87,541,764			$	3,140			$	87,544,904

Investments in and Advances to Affiliates [Table Text Block]

		September 30,				December 31,
		2022				2021
Beginning of period		$	61,660,905			$	20,913,896
Additional investment in unconsolidated affiliate			45,000,000				55,000,000
Distributions received			(436,907	)			(2,251,766	)
Reclassification of marketable securities to investment in affiliate			23,483				-
Reclassification of investment in affiliate to marketable securities			-				(12,880,146	)
Transfer of interest			(625,498	)			-
Gain on retained interest of deconsolidated affiliate			10,010,090				-
Equity in (loss) income of unconsolidated affiliates			(852,807	)			878,921
End of period		$	114,779,266			$	61,660,905

Equity Method Investments [Table Text Block]

		For the Three Months Ended								For the Nine Months Ended
		September 30,								September 30,
		2022				2021				2022				2021
Revenue		$	6,434,626			$	7,055,929			$	19,838,758			$	24,854,881
Gross profit			3,100,040				2,464,195				9,284,767				12,467,729
(Loss) income from continuing operations			(5,130,468	)			(2,293,107	)			(15,216,375	)			(4,687,712	)
Net income (loss)			2,319,035				(2,538,089	)			(6,062,348	)			(6,167,189	)

X

- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/topic&trid=2197064

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-SubTopic 320
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