Note 17 - Subsequent Events |
3 Months Ended |
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Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Subsequent Events [Text Block] |
17. Subsequent Events
On April 1, 2026, the Company acquired Enercon Engineering, Inc. (Enercon) headquartered in East Peoria, Illinois. Enercon designs and manufactures custom power equipment and industrial enclosures for high-reliability applications, strengthening the Company’s ability to service hyperscale and enterprise data center markets. The preliminary purchase price totaled $122,322, of which $44,785 was paid in restricted shares and the remainder in cash. Additional contingent consideration may be earned up to a maximum amount of $112,043, with 35% paid in restricted shares and the remainder in cash, upon the achievement of certain conditions. The earnout period extends through April 1, 2027. Due to the close proximity of the acquisition date and the Company's filing of its interim financial information on Form 10-Q for the three months ended March 31, 2026, the initial accounting for the business combination is not yet complete and is pending identification and measurement of the assets acquired and liabilities assumed. Accordingly, the information required by ASC 805, Business Combinations, will be disclosed in the Company's subsequent Form 10-Q.
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