v3.25.1
Note 11 - Acquisitions - Summary Assets Acquired and Liabilities Assumed (Details) - USD ($)
Feb. 02, 2025
Jan. 02, 2025
Aug. 30, 2024
Jan. 03, 2024
Jan. 02, 2024
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Aug. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Goodwill           $ 22,608,900 $ 18,547,704       $ 16,453,049
Heany Industries, LLC [Member]                      
Total Consideration       $ 6,600,000 $ 6,550,000            
Cash         250            
Accounts Receivable         540,177            
Inventory         673,407            
Fixed Assets         2,143,860         $ 2,200,000  
Prepaid and Other Assets         79,247            
Intangible Assets: Customer List & Trademarks         1,985,000            
Goodwill       $ 1,200,000 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            
Advanced Industrial Coatings LLC [Member]                      
Total Consideration     $ 4,360,985                
Accounts Receivable     752,848                
Inventory     180,825                
Fixed Assets     1,096,717         $ 1,100,000      
Prepaid and Other Assets     23,224                
Intangible Assets: Customer List & Trademarks     1,400,000                
Goodwill     1,015,939           $ 1,000,000    
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                
Rahn Industries, Incorporated [Member]                      
Total Consideration $ 12,700,000 $ 12,659,328                  
Cash   403,058                  
Accounts Receivable   2,524,400                  
Inventory   2,136,970                  
Fixed Assets   1,395,780       $ 1,400,000          
Prepaid and Other Assets   209,034                  
Intangible Assets: Customer List & Trademarks   4,100,000                  
Goodwill   3,907,172                  
Total Assets Acquired   17,637,431                  
Accounts Payable   244,837                  
Accrued Expense   466,045                  
Total Liabilities Assumed   4,978,103                  
Total Fair Value   12,659,328                  
Acquisition transaction costs incurred were:   478,763                  
Operating Right of Use Asset   2,961,017                  
Operating Lease Liabilities   2,961,017                  
Deferred Tax   $ 1,306,204