Note 7 - Leases (Tables)
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3 Months Ended |
Mar. 31, 2025 |
Notes Tables |
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Leases, Assets and Liabilities [Table Text Block] |
Lease Assets and Liabilities | Classification | | March 31, 2025 | | | December 31, 2024 | |
Finance lease right-of-use asset | Finance lease - right of use asset, net | | $ | 3,075,377 | | | $ | 3,088,188 | |
Operating lease right-of-use asset | Operating lease - right of use asset, net | | | 8,103,651 | | | | 4,650,862 | |
Total right of use assets | | | $ | 11,179,028 | | | $ | 7,739,050 | |
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Operating lease liability - current | Accrued expenses and other liabilities | | $ | 138,996 | | | $ | 44,758 | |
Operating lease liability - long-term | Operating lease - right of use lease liability | | | 8,321,853 | | | | 4,826,785 | |
Finance lease liability, current portion | Finance lease - right of use lease liability | | | — | | | | 490,075 | |
Total lease liabilities | | | $ | 8,460,849 | | | $ | 5,361,618 | |
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Lease, Cost [Table Text Block] |
| | Three-Months Ended | |
| | March 31, 2025 | | | March 31, 2024 | |
Finance lease cost: | | | | | | | | |
Amortization of right-of-use assets | | $ | 12,811 | | | $ | 11,233 | |
Interest on lease liabilities | | | — | | | | 24,321 | |
Operating lease cost: | | | 297,748 | | | | 17,433 | |
Total lease cost | | $ | 310,559 | | | $ | 52,987 | |
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Other information: | | | | | | | | |
Operating cash flows from operating leases | | $ | 161,232 | | | $ | 16,590 | |
| | March 31, 2025 | | | March 31, 2024 | |
Weighted-average remaining lease term - finance leases (years) | | | — | | | | 0.08 | |
Weighted-average remaining lease term - operating leases (years) | | | 10.34 | | | | 4.37 | |
Weighted-average discount rate - finance leases | | | — | % | | | 8.0 | % |
Weighted-average discount rate - operating leases | | | 13.5 | % | | | 13.2 | % |
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Lease, Liability, to be Paid, Maturity [Table Text Block] |
| | Operating Leases | |
For the remainder of 2025 | | $ | 762,149 | |
2026 | | | 1,597,836 | |
2027 | | | 1,653,005 | |
2028 | | | 1,581,625 | |
2029 | | | 1,546,778 | |
Thereafter | | | 9,151,910 | |
Total lease payments | | | 16,293,303 | |
Less: imputed interest | | | (7,832,454 | ) |
Present value of lease liabilities | | $ | 8,460,849 | |
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Land and Building [Member] |
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Notes Tables |
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Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block] |
For the remainder of 2025 | | $ | 72,000 | |
2026 | | | 96,000 | |
2027 | | | 96,000 | |
2028 | | | 96,000 | |
2029 | | | 96,000 | |
Thereafter | | | 96,000 | |
Total Minimum Lease Income | | $ | 552,000 | |
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