Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Acquisition (Tables)

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

September 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

            (87,912 )

Net identifiable intangible assets

            1,402,088  

Goodwill

            785,000  

Intangible assets

          $ 2,187,088  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Remainder of 2021

  $ 44,061  

2022

    176,244  

2023

    176,244  

2024

    146,259  

2025

    136,248  

2026

    136,248  

Thereafter

    306,784  

Total

  $ 1,122,088  
Business Acquisition, Pro Forma Information [Table Text Block]
   

Three Months Ended September 30,

   

Nine Months Ended September 30,

 
   

2021

   

2020

   

2021

   

2020

 

Revenue

  $ 4,299,925     $ 5,061,260     $ 13,677,430     $ 14,058,930  

Income (loss) from operations

  $ (84,267 )   $ 252,947     $ 291,508     $ (9,425 )