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Note 7 - Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | NOTE 7. INTANGIBLE ASSETS Intangible assets consist of the following:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Cost |  |  | Amortization |  |  | Balance |  |  | Cost |  |  | Amortization |  |  | Balance |
Customer relationships |  | $ | 72,028,493 |  |  | $ | (34,776,725 | ) |  | $ | 37,251,768 |  |  | $ | 72,028,493 |  |  | $ | (33,426,898 | ) |  | $ | 38,601,595 |
Permits, licenses, and lease acquisition costs |  |  | 11,813,725 |  |  |  | (5,832,860 | ) |  |  | 5,980,865 |  |  |  | 11,793,354 |  |  |  | (5,562,205 | ) |  |  | 6,231,149 |
Site location |  |  | 849,347 |  |  |  | (377,410 | ) |  |  | 471,937 |  |  |  | 849,347 |  |  |  | (363,332 | ) |  |  | 486,015 |
Noncompetition agreements |  |  | 626,000 |  |  |  | (625,164 | ) |  |  | 836 |  |  |  | 626,000 |  |  |  | (624,600 | ) |  |  | 1,400 |
Technology |  |  | 1,128,000 |  |  |  | (533,865 | ) |  |  | 594,135 |  |  |  | 1,128,000 |  |  |  | (509,250 | ) |  |  | 618,750 |
Trade names and trademarks |  |  | 11,152,200 |  |  |  | (1,827,293 | ) |  |  | 9,324,907 |  |  |  | 11,152,200 |  |  |  | (1,680,459 | ) |  |  | 9,471,741 |
Nonsolicitation agreement |  |  | 103,000 |  |  |  | (46,716 | ) |  |  | 56,284 |  |  |  | 103,000 |  |  |  | (40,500 | ) |  |  | 62,500 |
Capitalized contract costs |  |  | 2,976,676 |  |  |  | (461,956 | ) |  |  | 2,514,720 |  |  |  | 2,974,125 |  |  |  | (387,990 | ) |  |  | 2,586,135 |
Indefinite lived intangibles |  |  | 7,473,016 |  |  |  | - |  |  |  | 7,473,016 |  |  |  | 7,473,016 |  |  |  | - |  |  |  | 7,473,016 |
Total |  | $ | 108,150,457 |  |  | $ | (44,481,989 | ) |  | $ | 63,668,468 |  |  | $ | 108,127,535 |  |  | $ | (42,595,234 | ) |  | $ | 65,532,301 |
Future Amortization The future amortization associated with the intangible assets is as follows:
|  | March 31, |  |  |  |  |  |  |  |  |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Customer relationships |  | $ | 5,428,084 |  |  | $ | 5,428,084 |  |  | $ | 5,424,808 |  |  | $ | 5,391,062 |  |  | $ | 4,238,151 |  |  | $ | 11,341,579 |  |  | $ | 37,251,768 |
Permits, licenses, and lease acquisition costs |  |  | 1,088,953 |  |  |  | 1,068,732 |  |  |  | 1,042,142 |  |  |  | 1,010,192 |  |  |  | 570,265 |  |  |  | 1,200,581 |  |  |  | 5,980,865 |
Site location |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 188,822 |  |  |  | 471,937 |
Noncompetition agreements |  |  | 836 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 836 |
Technology |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,135 |  |  |  | 594,135 |
Trade names and trademarks |  |  | 590,567 |  |  |  | 590,567 |  |  |  | 574,431 |  |  |  | 525,667 |  |  |  | 525,667 |  |  |  | 6,518,008 |  |  |  | 9,324,907 |
Nonsolicitation agreement |  |  | 25,000 |  |  |  | 25,000 |  |  |  | 6,284 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 56,284 |
Capitalized contract costs |  |  | 297,668 |  |  |  | 297,668 |  |  |  | 297,668 |  |  |  | 297,668 |  |  |  | 297,668 |  |  |  | 1,026,380 |  |  |  | 2,514,720 |
Total |  | $ | 7,586,731 |  |  | $ | 7,565,674 |  |  | $ | 7,500,956 |  |  | $ | 7,380,212 |  |  | $ | 5,787,374 |  |  | $ | 20,374,505 |  |  | $ | 56,195,452 |
Amortization expense for the three months ended March 31, 2024 and 2023 was $1,886,754 and $1,802,027, respectively. As of March 31, 2024, the weighted average amortization period, in months, for intangible assets is as follows:
Customer relationships |  |  | 82 |
Permits, licenses, and lease acquisition costs |  |  | 66 |
Site location |  |  | 100 |
Noncompetition agreements |  |  | 5 |
Technology |  |  | 72 |
Trade names and trademarks |  |  | 189 |
Nonsolicitation agreement |  |  | 27 |
Capitalized contract costs |  |  | 101 |

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