v3.25.1
Note 11 - Acquisitions (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

Total Consideration

 $6,550,000 
     

Cash

 $250 

Accounts Receivable

  540,177 

Inventory

  673,407 

Fixed Assets

  2,143,860 

Prepaid and Other Assets

  79,247 

Intangible Assets: Customer List & Trademarks

  1,985,000 

Goodwill

  1,232,681 

Total Assets Acquired

 $6,654,622 
     

Accounts Payable

 $60,047 

Accrued Expense

  44,575 

Total Liabilities Assumed

  104,622 

Total Fair Value

 $6,550,000 
     

Acquisition transaction costs incurred were:

 $226,701 

Total Consideration

 $4,360,985 
     

Accounts Receivable

 $752,848 

Inventory

  180,825 

Fixed Assets

  1,096,717 

Prepaid and Other Assets

  23,224 

Intangible Assets: Customer List

  1,400,000 

Goodwill

  1,015,939 

Total Assets Acquired

 $4,469,553 
     

Accounts Payable

 $93,113 

Accrued Expense

  15,455 

Total Liabilities Assumed

  108,568 

Total Fair Value

 $4,360,985 
     

Acquisition transaction costs incurred were:

 $158,332 
     

Total Consideration

 $12,659,328 
     

Cash

 $403,058 

Accounts Receivable

  2,524,400 

Inventory

  2,136,970 

Fixed Assets

  1,395,780 

Operating Right of Use Asset

  2,961,017 

Prepaid and Other Assets

  209,034 

Intangible Assets: Customer List

  4,100,000 

Goodwill

  3,907,172 

Total Assets Acquired

 $17,637,431 
     

Accounts Payable

 $244,837 

Accrued Expense

  466,045 

Operating Lease Liabilities

  2,961,017 

Deferred Tax

  1,306,204 

Total Liabilities Assumed

  4,978,103 

Total Fair Value

 $12,659,328 
     

Acquisition transaction costs incurred were:

 $478,763 
Business Combination, Pro Forma Information [Table Text Block]
  

Three Months ended

  

Three Months ended

 
  

March 31, 2025

  

March 31, 2024

 
  

Sales

  

Net Income (Loss)

  

Sales

  

Net Income

 

Acquired Companies:

                

Heany Industries (acquired January 2, 2024)

 $1,384,712  $(181,990) $1,455,531  $19,469 

Advanced Industrial Coatings (acquired August 30, 2024)

  1,043,438   10,068   -   - 

Rahn Industries (acquired January 2, 2025)

  4,309,615   132,969   -   - 

Subtotal Acquired Companies

 $6,737,765  $(38,953) $1,455,531  $19,469 
                 

All Other Companies

  36,576,346   3,169,987   36,984,108   2,977,416 

Total

 $43,314,111  $3,131,034  $38,439,639  $2,996,885