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Note 13 - Industry Segments (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

																						Total
Three Months Ended September 30, 2025		GIG				LMH				BOB				BOAM				Unallocated				Consolidated
Operating Revenues		$	6,790,716			$	11,788,400			$	10,150,921			$	4,318			$	-			$	28,734,355
Cost of Revenues			3,494,179				3,781,570				2,439,670				-				-				9,715,419
Gross Margin			3,296,537				8,006,830				7,711,251				4,318				-				19,018,936
Other Operating Expenses
Employee costs			2,290,729				2,140,676				3,570,831				-				432,170				8,434,406
Professional fees			479,174				71,128				97,431				173,996				496,841				1,318,570
General and administrative			808,542				1,011,069				1,727,005				127,709				334,235				4,008,560
Depreciation			41,781				1,350,339				2,899,766				-				27,958				4,319,844
Amortization			40,062				976,374				896,934				-				42,032				1,955,402
Accretion			-				51,360				3,472				-				-				54,832
Loss (gain) on disposition of assets			-				17,917				(38,443	)			-				-				(20,526	)
Total expenses			3,660,288				5,618,863				9,156,996				301,705				1,333,236				20,071,088
Segment (Loss) Income from Operations			(363,751	)			2,387,967				(1,445,745	)			(297,387	)			(1,333,236	)			(1,052,152	)
Interest expense			-				(416,959	)			(233,160	)			-				-				(650,119	)
Interest and dividend income			-				46,545				16,512				7,088				276,880				347,025
Equity in (loss) of unconsolidated affiliates			(148,924	)			-				-				-				(428,237	)			(577,161	)
Other investment income (loss)			110,617				-				-				(1,975,195	)			(1,368,889	)			(3,233,467	)
Noncontrolling interest in subsidiary loss			-				-				-				1,768,528				-				1,768,528
Income tax benefit			-				-				-				-				809,441				809,441
Net (Loss) Income Attributable to Common Stockholders		$	(402,058	)		$	2,017,553			$	(1,662,393	)		$	(496,966	)		$	(2,044,041	)		$	(2,587,905	)
Segment adjusted EBITDA		$	(281,908	)		$	4,783,957			$	2,315,984			$	(297,387	)		$	(1,263,246	)		$	5,257,400
Capital expenditures		$	-			$	786,578			$	4,638,188			$	-			$	-			$	5,424,766
																						Total
Three Months Ended September 30, 2024		GIG				LMH				BOB				BOAM				Unallocated				Consolidated
Operating Revenues		$	6,485,391			$	11,503,915			$	9,664,074			$	47,556			$	-			$	27,700,936
Cost of Revenues			2,561,996				4,044,700				2,405,366				-				-				9,012,062
Gross Margin			3,923,395				7,459,215				7,258,708				47,556				-				18,688,874
Other Operating Expenses
Employee costs			2,271,693				1,886,778				3,801,591				462				351,358				8,311,882
Professional fees			58,855				31,424				231,139				114,817				616,307				1,052,542
General and administrative			703,640				1,012,564				1,915,429				246,694				461,030				4,339,357
Depreciation			44,732				1,300,362				2,325,518				-				27,876				3,698,488
Amortization			40,062				981,250				910,730				-				43,132				1,975,174
Accretion			-				51,528				3,472				-				-				55,000
Loss (Gain) on disposition of assets			-				46,958				(50,505	)			-				-				(3,547	)
Total expenses			3,118,982				5,310,864				9,137,374				361,973				1,499,703				19,428,896
Segment Income (Loss) from Operations			804,413				2,148,351				(1,878,666	)			(314,417	)			(1,499,703	)			(740,022	)
Interest expense			-				(463,371	)			(3,373	)			-				-				(466,744	)
Interest and dividend income			-				32,216				2,139				45,114				252,158				331,627
Equity in (loss) of unconsolidated affiliates			-				-				-				-				(9,358,783	)			(9,358,783	)
Other investment income			63,481				-				-				599,084				7,765,452				8,428,017
Noncontrolling interest in subsidiary income			-				-				-				(322,375	)			-				(322,375	)
Income tax benefit			-				-				-				-				533,144				533,144
Net Income (Loss) Attributable to Common Stockholders		$	867,894			$	1,717,196			$	(1,879,900	)		$	7,406			$	(2,307,732	)		$	(1,595,136	)
Segment adjusted EBITDA		$	889,207			$	4,528,449			$	1,310,549			$	(314,417	)		$	(1,428,695	)		$	4,985,093
Capital expenditures		$	-			$	980,206			$	5,758,622			$	-			$	-			$	6,738,828

																						Total
Nine Months Ended September 30, 2025		GIG				LMH				BOB				BOAM				Unallocated				Consolidated
Operating Revenues		$	19,949,114			$	33,992,908			$	30,704,514			$	21,983			$	-			$	84,668,519
Cost of Revenues			9,906,573				11,328,435				7,128,697				-				-				28,363,705
Gross Margin			10,042,541				22,664,473				23,575,817				21,983				-				56,304,814
Other Operating Expenses																							-
Employee costs			7,075,132				6,503,122				10,906,994				-				1,413,148				25,898,396
Professional fees			695,189				195,992				375,380				572,305				934,686				2,773,552
General and administrative			2,461,074				3,059,384				5,049,227				162,606				1,057,150				11,789,441
Depreciation			138,598				3,963,903				8,316,461				-				82,958				12,501,920
Amortization			120,185				2,909,953				2,666,545				-				124,726				5,821,409
Accretion			-				152,741				10,303				-				-				163,044
(Gain) loss on disposition of assets			-				(640	)			27,737				-				-				27,097
Total expenses			10,490,178				16,784,455				27,352,647				734,911				3,612,668				58,974,859
Segment (Loss) Income from Operations			(447,637	)			5,880,018				(3,776,830	)			(712,928	)			(3,612,668	)			(2,670,045	)
Interest expense			-				(1,260,992	)			(503,925	)			-				-				(1,764,917	)
Interest and dividend income			-				137,673				62,319				22,729				669,311				892,032
Equity in income of unconsolidated affiliates			1,104,078				-				-				-				2,151,937				3,256,015
Other investment income (loss)			431,353				-				-				(6,635,143	)			(6,602,779	)			(12,806,569	)
Noncontrolling interest in subsidiary loss			-				-				-				5,776,129				-				5,776,129
Income tax benefit			-				-				-				-				1,740,082				1,740,082
Net Income (Loss) Attributable to Common Stockholders		$	1,087,794			$	4,756,699			$	(4,218,436	)		$	(1,549,213	)		$	(5,654,117	)		$	(5,577,273	)
Segment adjusted EBITDA		$	(188,854	)		$	12,905,975			$	7,244,216			$	(712,928	)		$	(3,404,984	)		$	15,843,425
Capital expenditures		$	-			$	2,138,629			$	17,444,503			$	-			$	-			$	19,583,132
																						Total
Nine Months Ended September 30, 2024		GIG				LMH				BOB				BOAM				Unallocated				Consolidated
Operating Revenues		$	17,349,766			$	33,638,043			$	29,135,486			$	218,155			$	-			$	80,341,450
Cost of Revenues			6,724,581				11,716,141				7,378,929				-				-				25,819,651
Gross Margin			10,625,185				21,921,902				21,756,557				218,155				-				54,521,799
Other Operating Expenses
Employee costs			6,084,414				5,674,177				11,404,947				766,064				4,835,128				28,764,730
Professional fees			409,032				174,099				744,557				452,049				2,129,875				3,909,612
General and administrative			1,937,918				2,981,827				5,549,917				589,874				1,341,307				12,400,843
Depreciation			133,346				3,852,128				6,653,422				-				83,031				10,721,927
Amortization			120,185				2,921,821				2,636,016				-				67,980				5,746,002
Accretion			-				153,464				10,341				-				-				163,805
Loss (Gain) on disposition of assets			-				94,399				(84,601	)			-				-				9,798
Total expenses			8,684,895				15,851,915				26,914,599				1,807,987				8,457,321				61,716,717
Segment Income (Loss) from Operations			1,940,290				6,069,987				(5,158,042	)			(1,589,832	)			(8,457,321	)			(7,194,918	)
Interest expense			-				(1,103,360	)			(13,987	)			-				200				(1,117,147	)
Interest and dividend income			-				86,474				9,434				524,569				564,165				1,184,642
Equity in (loss) of unconsolidated affiliates			-				-				-				-				(16,573,011	)			(16,573,011	)
Other investment income			271,191				-				-				627,937				14,771,949				15,671,077
Noncontrolling interest in subsidiary (income) loss			-				-				(64,765	)			(36,697	)			-				(101,462	)
Income tax benefit			-				-				-				-				1,492,383				1,492,383
Net Income (Loss) Attributable to Common Stockholders		$	2,211,481			$	5,053,101			$	(5,227,360	)		$	(474,023	)		$	(8,201,635	)		$	(6,638,436	)
Segment adjusted EBITDA		$	2,193,821			$	13,091,799			$	4,057,136			$	(1,589,832	)		$	(8,306,310	)		$	9,446,614
Capital expenditures		$	28,951			$	1,932,660			$	21,484,650			$	-			$	250,000			$	23,696,261

																						Total
As of September 30, 2025		GIG				LMH				BOB				BOAM				Unallocated				Consolidated
Accounts receivable, net		$	9,530,290			$	3,852,606			$	1,211,394			$	243,389			$	48,840			$	14,886,519
Goodwill			11,325,138				130,903,950				39,614,422				536,626				-				182,380,136
Total assets			103,483,086				253,884,217				206,637,022				38,468,628				118,881,158				721,354,111

																						Total
As of December 31, 2024		GIG				LMH				BOB				BOAM				Unallocated				Consolidated
Accounts receivable, net		$	7,224,005			$	4,132,055			$	893,476			$	184,051			$	-			$	12,433,587
Goodwill			11,325,138				130,903,950				39,614,422				536,626				-				182,380,136
Total assets			86,670,669				260,220,162				198,226,268				52,593,429				130,635,201				728,345,729

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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