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Note 7 - Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | NOTE 7. INTANGIBLE ASSETS Intangible assets consist of the following:
|  | September 30, 2024 |  |  | December 31, 2023 |
|  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Cost |  |  | Amortization |  |  | Balance |  |  | Cost |  |  | Amortization |  |  | Balance |
Customer relationships |  | $ | 72,028,492 |  |  | $ | (37,490,771 | ) |  | $ | 34,537,721 |  |  | $ | 72,028,493 |  |  | $ | (33,426,898 | ) |  | $ | 38,601,595 |
Permits, licenses, and lease acquisition costs |  |  | 11,900,414 |  |  |  | (6,380,196 | ) |  |  | 5,520,218 |  |  |  | 11,793,354 |  |  |  | (5,562,205 | ) |  |  | 6,231,149 |
Site location |  |  | 849,347 |  |  |  | (405,722 | ) |  |  | 443,625 |  |  |  | 849,347 |  |  |  | (363,332 | ) |  |  | 486,015 |
Noncompetition agreements |  |  | 626,000 |  |  |  | (626,000 | ) |  |  | - |  |  |  | 626,000 |  |  |  | (624,600 | ) |  |  | 1,400 |
Technology |  |  | 1,128,000 |  |  |  | (583,365 | ) |  |  | 544,635 |  |  |  | 1,128,000 |  |  |  | (509,250 | ) |  |  | 618,750 |
Trade names and trademarks |  |  | 11,152,200 |  |  |  | (2,122,576 | ) |  |  | 9,029,624 |  |  |  | 11,152,200 |  |  |  | (1,680,459 | ) |  |  | 9,471,741 |
Nonsolicitation agreement |  |  | 353,000 |  |  |  | (127,196 | ) |  |  | 225,804 |  |  |  | 103,000 |  |  |  | (40,500 | ) |  |  | 62,500 |
Capitalized contract costs |  |  | 2,820,551 |  |  |  | (554,339 | ) |  |  | 2,266,212 |  |  |  | 2,974,125 |  |  |  | (387,990 | ) |  |  | 2,586,135 |
Indefinite lived intangibles |  |  | 7,645,591 |  |  |  | - |  |  |  | 7,645,591 |  |  |  | 7,473,016 |  |  |  | - |  |  |  | 7,473,016 |
Total |  | $ | 108,503,595 |  |  | $ | (48,290,165 | ) |  | $ | 60,213,430 |  |  | $ | 108,127,535 |  |  | $ | (42,595,234 | ) |  | $ | 65,532,301 |
Future Amortization The future amortization associated with the intangible assets is as follows:
|  | September 30, |  |  |  |  |  |  |  |  |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Customer relationships |  | $ | 5,428,084 |  |  | $ | 5,428,084 |  |  | $ | 5,408,482 |  |  | $ | 5,203,270 |  |  | $ | 3,431,365 |  |  | $ | 9,638,436 |  |  | $ | 34,537,721 |
Permits, licenses, and lease acquisition costs |  |  | 1,090,953 |  |  |  | 1,063,976 |  |  |  | 1,033,174 |  |  |  | 947,307 |  |  |  | 272,543 |  |  |  | 1,112,265 |  |  |  | 5,520,218 |
Site location |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 56,623 |  |  |  | 160,510 |  |  |  | 443,625 |
Noncompetition agreements |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Technology |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 99,000 |  |  |  | 49,635 |  |  |  | 544,635 |
Trade names and trademarks |  |  | 590,567 |  |  |  | 590,567 |  |  |  | 541,980 |  |  |  | 525,667 |  |  |  | 525,667 |  |  |  | 6,255,176 |  |  |  | 9,029,624 |
Nonsolicitation agreement |  |  | 191,667 |  |  |  | 34,137 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 225,804 |
Capitalized contract costs |  |  | 282,055 |  |  |  | 282,055 |  |  |  | 282,055 |  |  |  | 282,055 |  |  |  | 282,055 |  |  |  | 855,937 |  |  |  | 2,266,212 |
Total |  | $ | 7,738,949 |  |  | $ | 7,554,442 |  |  | $ | 7,421,314 |  |  | $ | 7,113,922 |  |  | $ | 4,667,253 |  |  | $ | 18,071,959 |  |  | $ | 52,567,839 |
Amortization expense for the nine months ended September 30, 2024 and 2023 was $5,746,002 and $5,510,794, respectively. As of September 30, 2024, the weighted average amortization period, in months, for intangible assets is as follows:
Customer relationships |  |  | 76 |
Permits, licenses, and lease acquisition costs |  |  | 61 |
Site location |  |  | 94 |
Noncompetition agreements |  |  | 13 |
Technology |  |  | 66 |
Trade names and trademarks |  |  | 183 |
Nonsolicitation agreement |  |  | 21 |
Capitalized contract costs |  |  | 96 |

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