XML 25 R13.htm IDEA: XBRL DOCUMENT

Note 7 - Intangible Assets

3 Months Ended

Mar. 31, 2023

Intangible Assets Disclosure [Text Block]

NOTE 7. INTANGIBLE ASSETS

Intangible assets consist of the following:

	*March 31, 2023*							*December 31, 2022*
			*Accumulated*							*Accumulated*
	*Cost*		*Amortization*			*Balance*		*Cost*		*Amortization*			*Balance*

Customer relationships	$	69,052,231	$	(29,429,770	)	$	39,622,461	$	69,052,231	$	(28,141,423	)	$	40,910,808
Permits, licenses, and lease acquisition costs		11,725,808		(4,745,823	)		6,979,985		11,724,308		(4,479,482	)		7,244,826
Site location		849,347		(320,671	)		528,676		849,347		(306,708	)		542,639
Noncompetition agreements		626,000		(595,340	)		30,660		626,000		(578,500	)		47,500
Technology		1,128,000		(434,661	)		693,339		1,128,000		(410,250	)		717,750
Trade names and trademarks		11,152,200		(1,235,512	)		9,916,688		11,152,200		(1,089,892	)		10,062,308
Nonsolicitation agreement		28,000		(28,000	)		-		28,000		(28,000	)		-
Capitalized contract costs		1,927,000		(197,544	)		1,729,456		1,869,350		(151,034	)		1,718,316
Indefinite lived intangibles		7,051,225		-			7,051,225		7,097,895		-			7,097,895

Total	$	103,539,811	$	(36,987,321	)	$	66,552,490	$	103,527,331	$	(35,185,289	)	$	68,342,042

Future Amortization

The future amortization associated with the intangible assets is as follows:

	*March 31,*
	*2024*		*2025*		*2026*		*2027*		*2028*		*Thereafter*		*Total*

Customer relationships	$	5,222,726	$	5,222,724	$	5,222,724	$	5,219,475	$	5,185,761	$	13,549,051	$	39,622,461
Permits, licenses, and lease acquisition costs		1,080,161		1,080,161		1,060,015		1,033,406		1,001,436		1,724,806		6,979,985
Site location		56,623		56,623		56,623		56,623		56,623		245,561		528,676
Noncompetition agreements		29,820		840		-		-		-		-		30,660
Technology		99,000		99,000		99,000		99,000		99,000		198,339		693,339
Trade names and trademarks		590,565		590,567		590,567		574,564		525,667		7,044,758		9,916,688
Capitalized contract costs		192,700		192,700		192,700		192,700		192,700		765,956		1,729,456

Total	$	7,271,595	$	7,242,615	$	7,221,629	$	7,175,768	$	7,061,187	$	23,528,471	$	59,501,265

Amortization expense for the three months ended March 31, 2023 and 2022 was $1,802,027 and $1,193,193, respectively.

As of March 31, 2023, the weighted average amortization period, in months, for intangible assets is as follows:

Customer relationships
91

Permits, licenses, and lease acquisition costs
78

Site location
112

Noncompetition agreements
5

Technology
84

Trade names and trademarks
201

Capitalized contract costs
107