| Goodwill and Intangible Assets Disclosure [Text Block] |
| Note 6. |
Intangible Assets |
Information regarding our intangible assets is as follows:
| |
|
Weighted Average Useful Life (Years) |
|
|
Balance December 31, 2023 |
|
|
Additions |
|
|
Balance June 30, 2024 |
|
| 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 |
|
|
|
|
|
|
(484,461 |
) |
|
|
(78,183 |
) |
|
|
(562,644 |
) |
| Sub-total |
|
|
|
|
|
|
725,539 |
|
|
|
(78,183 |
) |
|
|
647,356 |
|
| Intangible assets with indefinite lives |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade names |
|
|
Indefinite |
|
|
|
280,000 |
|
|
|
- |
|
|
|
280,000 |
|
| Net identifiable intangible assets |
|
|
|
|
|
$ |
1,005,539 |
|
|
$ |
(78,183 |
) |
|
$ |
927,356 |
|
As of
June 30, 2024, expected amortization expense relating to purchased intangible assets for each of the next
five years and thereafter is as follows:
| Remainder of 2024 |
|
$ |
68,124 |
|
| 2025 |
|
|
136,248 |
|
| 2026 |
|
|
136,248 |
|
| 2027 |
|
|
136,248 |
|
| 2028 |
|
|
136,248 |
|
| Thereafter |
|
|
34,240 |
|
| Total |
|
$ |
647,356 |
|
|