Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Acquisition (Tables)

v3.21.2
Note 5 - Acquisition (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Schedule of Intangible Assets and Goodwill [Table Text Block]
   

June 30, 2021

 
           

Gross

 
   

Useful

   

Carrying

 
   

Lives (years)

   

Amounts

 

Intangible assets with estimated useful lives

         

Customer relationships

    8     $ 1,090,000  

Non-compete agreements

    3       120,000  

Intangible assets with indefinite lives

         

Trade names

            280,000  

Gross identified intangible assets

            1,490,000  
                 

Accumulated amortization

            (43,851 )
                 

Net identifiable intangible assets

            1,446,149  
                 

Goodwill

            785,000  
                 

Intangible assets

          $ 2,231,149  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

July 1 - December 31, 2021

  $ 88,122  

2022

    176,244  

2023

    176,244  

2024

    146,259  

2025

    136,248  

2026

    136,248  

Thereafter

    306,784  

Total

  $ 1,166,149  
Business Acquisition, Pro Forma Information [Table Text Block]
   

Three months ended

   

Three months ended

    Six months ended   Six months ended  
   

June 30, 2021

   

June 30, 2020

    June 30, 2021   June 30, 2020  
                               

Revenue

  $ 4,800,099     $ 5,945,701     $ 9,377,504   $ 8,997,670  
                               

Income (loss) from operations

  $ 48,489     $ (39,860 )   $ 375,774   $ (262,372 )