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Note 17 - Subsequent Events | 9 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Subsequent Events [Text Block] | NOTE 17. SUBSEQUENT EVENTS In October 2023, FIF St George, LLC, our wholly-owned subsidiary, acquired substantially all of the business assets of SunRiver Fiber Network from Cable Systems of Nevada (“Cable Systems”) for a purchase price of $4,375,000. The acquisition expands InfoWest’s current fiber footprint in Utah and includes all of Cable Systems’ fiber internet assets together with the internet and VoIP subscriber agreements. On November 1, 2023, Sky Harbour entered into a securities purchase agreement with certain investors, pursuant to which Sky Harbour agreed to sell and issue to the investors at an initial closing an aggregate of 6,586,154 shares of Sky Harbour’s Class A Common Stock and accompanying warrants to purchase up to 1,141,600 shares of Sky Harbour’s Class A Common Stock, for an aggregate purchase price of $42.8 million, and agreed to sell and issue to the Investors at the second closing, if any, up to an aggregate of 2,307,692 PIPE Shares and accompanying PIPE Warrants to purchase up to an aggregate of 400,000 shares of Sky Harbour’s Class A Common Stock for an aggregate purchase price of up to $15.0 million. The closing of the initial financing occurred on November 2, 2023. The amount of additional PIPE shares and additional PIPE Warrants, if any, to be issued in connection with the additional financing will be determined by Altai Capital Falcon LP in its sole discretion, and the closing of the additional financing will occur, if at all, at the sole discretion of the lead investor, on or before November 30, 2023, subject to customary closing conditions.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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