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Note 7 - Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | NOTE 7. INTANGIBLE ASSETS Intangible assets consist of the following:
|  | June 30, 2024 |  |  | December 31, 2023 |
|  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Cost |  |  | Amortization |  |  | Balance |  |  | Cost |  |  | Amortization |  |  | Balance |
Customer relationships |  | $ | 72,028,493 |  |  | $ | (36,126,111 | ) |  | $ | 35,902,382 |  |  | $ | 72,028,493 |  |  | $ | (33,426,898 | ) |  | $ | 38,601,595 |
Permits, licenses, and lease acquisition costs |  |  | 11,872,415 |  |  |  | (6,105,263 | ) |  |  | 5,767,152 |  |  |  | 11,793,354 |  |  |  | (5,562,205 | ) |  |  | 6,231,149 |
Site location |  |  | 849,347 |  |  |  | (391,488 | ) |  |  | 457,859 |  |  |  | 849,347 |  |  |  | (363,332 | ) |  |  | 486,015 |
Noncompetition agreements |  |  | 626,000 |  |  |  | (625,661 | ) |  |  | 339 |  |  |  | 626,000 |  |  |  | (624,600 | ) |  |  | 1,400 |
Technology |  |  | 1,128,000 |  |  |  | (558,480 | ) |  |  | 569,520 |  |  |  | 1,128,000 |  |  |  | (509,250 | ) |  |  | 618,750 |
Trade names and trademarks |  |  | 11,152,200 |  |  |  | (1,974,128 | ) |  |  | 9,178,072 |  |  |  | 11,152,200 |  |  |  | (1,680,459 | ) |  |  | 9,471,741 |
Nonsolicitation agreement |  |  | 353,000 |  |  |  | (77,780 | ) |  |  | 275,220 |  |  |  | 103,000 |  |  |  | (40,500 | ) |  |  | 62,500 |
Capitalized contract costs |  |  | 3,047,854 |  |  |  | (507,155 | ) |  |  | 2,540,699 |  |  |  | 2,974,125 |  |  |  | (387,990 | ) |  |  | 2,586,135 |
Indefinite lived intangibles |  |  | 7,633,591 |  |  |  | - |  |  |  | 7,633,591 |  |  |  | 7,473,016 |  |  |  | - |  |  |  | 7,473,016 |
Total |  | $ | 108,690,900 |  |  | $ | (46,366,066 | ) |  | $ | 62,324,834 |  |  | $ | 108,127,535 |  |  | $ | (42,595,234 | ) |  | $ | 65,532,301 |
Future Amortization The future amortization associated with the intangible assets is as follows:
|  | June 30, |  |  |  |  |  |  |  |  |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Customer relationships |  | $ | 5,428,084 |  |  | $ | 5,428,084 |  |  | $ | 5,418,881 |  |  | $ | 5,386,697 |  |  | $ | 3,755,043 |  |  | $ | 10,485,593 |  |  | $ | 35,902,382 |
Permits, licenses, and lease acquisition costs |  |  | 1,094,043 |  |  |  | 1,065,828 |  |  |  | 1,040,423 |  |  |  | 1,012,569 |  |  |  | 392,776 |  |  |  | 1,161,513 |  |  |  | 5,767,152 |
Site location |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 174,744 |  |  |  | 457,859 |
Noncompetition agreements |  |  | 339 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 339 |
Technology |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 74,520 |  |  |  | 569,520 |
Trade names and trademarks |  |  | 590,567 |  |  |  | 590,567 |  |  |  | 558,295 |  |  |  | 525,667 |  |  |  | 525,667 |  |  |  | 6,387,309 |  |  |  | 9,178,072 |
Nonsolicitation agreement |  |  | 191,667 |  |  |  | 83,485 |  |  |  | 68 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 275,220 |
Capitalized contract costs |  |  | 304,785 |  |  |  | 304,785 |  |  |  | 304,785 |  |  |  | 304,785 |  |  |  | 304,785 |  |  |  | 1,016,774 |  |  |  | 2,540,699 |
Total |  | $ | 7,765,108 |  |  | $ | 7,628,372 |  |  | $ | 7,478,075 |  |  | $ | 7,385,341 |  |  | $ | 5,133,894 |  |  | $ | 19,300,453 |  |  | $ | 54,691,243 |
Amortization expense for the six months ended June 30, 2024 and 2023 was $3,770,828 and $3,632,910, respectively. As of June 30, 2024, the weighted average amortization period, in months, for intangible assets is as follows:
Customer relationships |  |  | 79 |
Permits, licenses, and lease acquisition costs |  |  | 63 |
Site location |  |  | 97 |
Noncompetition agreements |  |  | 16 |
Technology |  |  | 69 |
Trade names and trademarks |  |  | 186 |
Nonsolicitation agreement |  |  | 24 |
Capitalized contract costs |  |  | 100 |

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