| Intangible Assets Disclosure [Text Block] |
| 8. |
Other Intangible Assets |
The following is a summary of the Company’s other intangible assets:
| |
|
Gross |
|
|
Less |
|
|
Net |
|
| |
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
| |
|
Amount |
|
|
Amortization |
|
|
Amount |
|
| June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
| Indefinite-lived intangibles: |
|
|
|
|
|
|
|
|
|
|
|
|
| Trademark and tradenames |
|
$ |
77,600 |
|
|
$ |
- |
|
|
$ |
77,600 |
|
| Amortizable intangibles: |
|
|
|
|
|
|
|
|
|
|
|
|
| Dealer network |
|
|
80,000 |
|
|
|
80,000 |
|
|
|
- |
|
| Customer relationships |
|
|
80,920 |
|
|
|
50,462 |
|
|
|
30,458 |
|
| Patents |
|
|
21,136 |
|
|
|
19,911 |
|
|
|
1,225 |
|
| Noncompete agreements |
|
|
8,640 |
|
|
|
8,640 |
|
|
|
- |
|
| Trademarks |
|
|
5,459 |
|
|
|
4,292 |
|
|
|
1,167 |
|
| Amortizable intangibles, net |
|
|
196,155 |
|
|
|
163,305 |
|
|
|
32,850 |
|
| Total |
|
$ |
273,755 |
|
|
$ |
163,305 |
|
|
$ |
110,450 |
|
| |
|
Gross |
|
|
Less |
|
|
Net |
|
| |
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
| |
|
Amount |
|
|
Amortization |
|
|
Amount |
|
| December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
| Indefinite-lived intangibles: |
|
|
|
|
|
|
|
|
|
|
|
|
| Trademark and tradenames |
|
$ |
77,600 |
|
|
$ |
- |
|
|
$ |
77,600 |
|
| Amortizable intangibles: |
|
|
|
|
|
|
|
|
|
|
|
|
| Dealer network |
|
|
80,000 |
|
|
|
80,000 |
|
|
|
- |
|
| Customer relationships |
|
|
80,920 |
|
|
|
47,876 |
|
|
|
33,044 |
|
| Patents |
|
|
21,136 |
|
|
|
19,506 |
|
|
|
1,630 |
|
| Noncompete agreements |
|
|
8,640 |
|
|
|
8,640 |
|
|
|
- |
|
| Trademarks |
|
|
5,459 |
|
|
|
4,183 |
|
|
|
1,276 |
|
| Amortizable intangibles, net |
|
|
196,155 |
|
|
|
160,205 |
|
|
|
35,950 |
|
| Total |
|
$ |
273,755 |
|
|
$ |
160,205 |
|
|
$ |
113,550 |
|
Amortization expense for intangible assets was $1,550 and $1,630 for the three months ended June 30, 2025 and 2024, respectively. Amortization expense for intangible assets was $3,100 and $4,260 for the six months ended June 30, 2025 and 2024, respectively. Estimated amortization expense for the remainder of 2025 and each of the succeeding five years is as follows:
| 2025 |
|
$ |
2,976 |
|
| 2026 |
|
|
5,450 |
|
| 2027 |
|
|
5,450 |
|
| 2028 |
|
|
5,450 |
|
| 2029 |
|
|
5,300 |
|
| 2030 |
|
|
4,566 |
|
|