v3.26.1
Note 2 - Business Combinations (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

Consideration

    

Cash

 $40,881,978 

Fair value of total consideration transferred

 $40,881,978 

Recognized amounts of identifiable assets acquired and liabilities assumed

    

Cash and cash equivalents, and restricted cash

 $678,309 

Accounts receivable, net

  3,452,000 

Inventory

  7,918,762 

Prepaid expenses and other current assets

  2,142,925 

Property and equipment, net

  62,238 

Intangible assets, net

  20,000,000 

Right-of-use assets

  447,510 

Total assets acquired

  34,701,744 

Accounts payable

  4,460,169 

Accrued expenses

  862,775 

Lease liabilities, current portion

  179,005 

Lease liabilities

  268,505 

Deferred tax liabilities

  4,745,333 

Total liabilities assumed

  10,515,787 

Total identifiable net assets

  24,185,957 

Goodwill

 $16,696,021 

Consideration

    

Cash

 $50,400,315 

Contingent consideration (earn-out)

  4,070,000 

Fair value of total consideration transferred

 $54,470,315 

Recognized amounts of identifiable assets acquired and liabilities assumed

    

Cash and cash equivalents, and restricted cash

 $1,732,219 

Accounts receivable, net

  2,443,619 

Inventory

  12,312,524 

Prepaid expenses and other current assets

  916,109 

Property and equipment, net

  2,678,028 

Intangible assets, net

  23,100,000 

Right-of-use assets

  3,313,741 

Total assets acquired

  46,496,240 

Accounts payable

  2,557,703 

Accrued expenses

  1,283,109 

Lease liabilities, current portion

  438,462 

Lease liabilities

  2,875,279 

Total liabilities assumed

  7,154,553 

Total identifiable net assets

  39,341,687 

Goodwill

 $15,128,628 
Intangible Asset, Finite-Lived, Acquired [Table Text Block]
 

Estimated Useful
Life

 

Fair Value

 

Brand names

10 years

 $15,000,000 

Distributor relationships

10 years

  4,000,000 

Product portfolio

5 years

  1,000,000 

Total intangible assets acquired

 $20,000,000 
 

Estimated Useful Life

 

Fair Value

 

Brand names

10 years

 $19,300,000 

Distributor relationships

10 years

  2,700,000 

Product portfolio

5 years

  1,100,000 

Total intangible assets acquired

 $23,100,000 
Business Combination, Contingent Consideration [Table Text Block]
Contingent consideration liability Amount 
Balance at April 21, 2026 (acquisition-date fair value) $4,070,000 
Change in fair value  47,000 
Balance at June 30, 2026 $4,117,000 
Business Combination, Pro Forma Information [Table Text Block]
  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Sales, net

 $45,679,889  $40,144,124  $87,623,039  $76,369,497 

Net income (loss)

 $147,033  $4,459,993  $(3,994,301) $4,452,488