v3.25.2
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
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Aug. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Goodwill           $ 22,623,900   $ 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 $ 3,900,000 3,922,172                    
Total Assets Acquired   17,652,431                    
Accounts Payable   244,837                    
Accrued Expense   481,045                    
Total Liabilities Assumed   4,993,103                    
Total Fair Value   12,659,328                    
Acquisition transaction costs incurred were:   492,728                    
Operating Right of Use Asset   2,961,017                    
Operating Lease Liabilities   2,961,017                    
Deferred Tax   $ 1,306,204