v3.26.3
Note 5 - Acquisitions and Disposal (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

(in thousands)

 

RCC

  

Bud's Plumbing

  

Roundhouse

  

Advanced Plumbing

  

Southside Plumbing

 
  

August 5, 2026

  

March 14, 2025

  

July 1, 2025

  

August 1, 2025

  

August 14, 2025

 

Purchase price:

                    

Cash paid at closing

 $2,421  $3,829  $20,201  $2,652  $4,040 

Working capital adjustment

  —   31   (27)  (135)  (47)

Seller note

  —   1,100   —   420   420 

Release of indemnity escrow

  —   —   (900)  —   — 

Seller phantom equity awards

  —   —   3,328   —   — 

Contingent consideration

  —   —   —   790   190 

Total purchase price

 $2,421  $4,960  $22,602  $3,727  $4,603 

(in thousands)

 

RCC

  

Bud's Plumbing

  

Roundhouse

  

Advanced Plumbing

  

Southside Plumbing

 
  

August 5, 2026

  

March 14, 2025

  

July 1, 2025

  

August 1, 2025

  

August 14, 2025

 

Purchase price

 $2,421  $4,960  $22,602  $3,727  $4,603 
                     

Cash and cash equivalents

 $81  $308  $333  $23  $94 

Service fee receivable

  258   46   4,259   465   334 

Property and equipment

  54   173   2,355   610   1,087 

Right-of-use asset

  205   —   —   —   — 

Intangible asset not subject to amortization - trade name

  230   3,100   1,220   1,600   1,100 

Intangible asset subject to amortization - customer relationships

  870   500   11,000   1,100   1,000 

Other assets - other receivables, inventory and prepaid expenses

  51   226   894   130   58 

Total assets

 $1,749  $4,353  $20,061  $3,928  $3,673 
                     

Accrued expenses and other liabilities

 $256  $388  $2,844  $718  $231 

Debt

  —   —   —   —   498 

Income taxes payable

  —   —   250   —   — 

Lease liability

  205   —   —   —   — 

Net deferred income tax liabilities

  —   —   2,927   —   — 

Total liabilities

 $461  $388  $6,021  $718  $729 
                     

Total identifiable assets and liabilities

 $1,288  $3,965  $14,040  $3,210  $2,944 
                     

Redeemable noncontrolling interest

 $—  $—  $—  $—  $875 
                     

Excess purchase price allocated to goodwill

 $1,133  $995  $8,562  $517  $2,534 
Business Combination, Pro Forma Information [Table Text Block]

(in thousands, except per share data)

  Three months ended September 30,   Nine months ended September 30, 
  

2025

  

2025

 

Revenues

 $38,314  $115,396 

Loss from continuing operations attributable to common shareholders

 $(4,671) $(9,752)

Basic loss per share - continuing operations

 $(0.16) $(0.35)

Diluted loss per share - continuing operations

 $(0.16) $(0.35)