XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Note 12 - Acquisition
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Business Combination Disclosure [Text Block]

12 Acquisition

 

The following acquisition, unless otherwise noted, was considered a business combination accounted for under ASC 805 “Business Combinations.” Pro forma information is not included in accordance with ASC 805 since the acquisition was not considered material.

 

On December 4, 2023, the Company acquired certain assets of Freeway Ford Truck Sales, Inc., which included real estate and a Ford commercial vehicle franchise in Chicago, Illinois, along with commercial vehicle and parts inventory. The transaction was valued at approximately $16.3 million, with the purchase price paid in cash.