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Note 6 - Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

Schedule of Intangible Assets and Goodwill [Table Text Block]

		Weighted Average Useful Life (Years)				Balance December 31, 2022				Additions				Balance September 30, 2023
Intangible assets with estimated useful lives
Customer relationships			8.0			$	1,090,000			$	-			$	1,090,000
Non-compete agreements			3.0				120,000				-				120,000
Accumulated amortization							(308,217	)			(132,183	)			(440,400	)
Sub-total							901,783				(132,183	)			769,600
Intangible assets with indefinite lives
Trade names			Indefinite				280,000				-				280,000
Net identifiable intangible assets						$	1,181,783			$	(132,183	)		$	1,049,600

		Weighted Average Useful Life (Years)				Balance December 31, 2021				Additions				Balance September 30, 2022
Intangible assets with estimated useful lives
Customer relationships			8.0			$	1,090,000			$	-			$	1,090,000
Non-compete agreements			3.0				120,000				-				120,000
Accumulated amortization							(131,973	)			(132,183	)			(264,156	)
Sub-total							1,078,027				(132,183	)			945,844
Intangible assets with indefinite lives
Trade names			Indefinite				280,000				-				280,000
Net identifiable intangible assets						$	1,358,027			$	(132,183	)		$	1,225,844

Finite-Lived Intangible Assets Amortization Expense [Table Text Block]

2023		$	44,061
2024			146,307
2025			136,248
2026			136,248
2027			136,248
Thereafter			170,488
Total		$	769,600

X

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

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X

- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

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