Note 14 - Subsequent Events	6 Months Ended
Jun. 30, 2026
Notes to Financial Statements
Subsequent Events [Text Block]	Note 14 – Subsequent Events We have evaluated and disclosed subsequent events through the filing date of this Quarterly Report on Form 10-Q. Our credit facility requires us to comply with specified financial ratios and tests. These financial ratios include a debt service coverage ratio. Our debt service coverage ratio as of June 30, 2026, was 1.99, which was below our minimum debt service coverage ration of 2.00 per our existing covenants with CoBank. On August 6, 2026, Nuvera received a waiver from CoBank to decrease our minimum debt service coverage ratio to 1.75 to accommodate our decreased debt service coverage ratio as of June 30, 2026. On July 31, 2026, our existing swap with CoBank expired, which covered $43,750,000 of our aggregate indebtedness. The Company elected to not extend the swap as the requirement by CoBank to cover 35% of variable-rate debt with IRSAs expired. On July 22, 2026, Nuvera sold its investment in Iowa Network Services, Inc. d/b/a/ Aureon Network Services (Aureon) to Aureon. Nuvera sold 238 shares of Aureon Class B Preferred stock with a market value of $788,755.80 and 61 shares of Class A Aureon Common stock with a market value of $492,653.08. No gain or loss was recognized on the sale as all previous gains and losses have been recognized by Nuvera per ASC 321-10-35-2 (FASB ASC 321) which provides a measurement alternative for equity securities that do not have a readily determinable fair market value. Under this rule, an entity may elect to measure these specific equity investments at cost, less impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same user.

Note 14 - Subsequent Events

6 Months Ended

Jun. 30, 2026

Note 14 – Subsequent Events

We have evaluated and disclosed subsequent events through the filing date of this Quarterly Report on Form 10-Q.

Our credit facility requires us to comply with specified financial ratios and tests. These financial ratios include a debt service coverage ratio. Our debt service coverage ratio as of June 30, 2026, was 1.99, which was below our minimum debt service coverage ration of 2.00 per our existing covenants with CoBank. On August 6, 2026, Nuvera received a waiver from CoBank to decrease our minimum debt service coverage ratio to 1.75 to accommodate our decreased debt service coverage ratio as of June 30, 2026.

On July 31, 2026, our existing swap with CoBank expired, which covered $43,750,000 of our aggregate indebtedness. The Company elected to not extend the swap as the requirement by CoBank to cover 35% of variable-rate debt with IRSAs expired.

On July 22, 2026, Nuvera sold its investment in Iowa Network Services, Inc. d/b/a/ Aureon Network Services (Aureon) to Aureon. Nuvera sold 238 shares of Aureon Class B Preferred stock with a market value of $788,755.80 and 61 shares of Class A Aureon Common stock with a market value of $492,653.08. No gain or loss was recognized on the sale as all previous gains and losses have been recognized by Nuvera per ASC 321-10-35-2 (FASB ASC 321) which provides a measurement alternative for equity securities that do not have a readily determinable fair market value. Under this rule, an entity may elect to measure these specific equity investments at cost, less impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same user.