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Note 5 - Property and Equipment
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 5.

PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:  

 

  

December 31,

 
  

2023

  

2022

 
         

Structures and displays

 $65,736,121  $63,585,845 

Fiber, towers, and broadband equipment

  97,974,753   50,216,957 

Land

  583,892   14,318,292 

Vehicles and equipment

  10,699,920   6,778,473 

Office furniture and equipment

  5,384,720   4,884,941 

Accumulated depreciation

  (36,112,643)  (24,194,568)
         

Total Property and Equipment, net

 $144,266,763  $115,589,940 

 

Depreciation expense for the years ended  December 31, 2023 and 2022 was $12,155,096, and $8,649,066, respectively. During fiscal 2023, approximately $13,800,000 was reclassified from land to long term investments within our Consolidated Balance Sheets, reflecting our contribution of land parcels to the BFR Fund.