Note 11 - Leases

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Lessor, Operating Leases [Text Block]

Note 11. Leases

Lease Revenue

The Company leases commercial properties under agreements that are classified as operating leases. The Company’s commercial property leases generally include minimum rents and do not include recoveries for property taxes and common area maintenance.

The Company’s rental revenues are earned from its operating subsidiary EVDepot, LLC (“EV Depot”) operations and are a component of Infrastructure revenues disclosed in Note 4, Revenue. The following table summarizes the fixed components of rental revenue for the nine and three months ended September 30, 2022, and 2022:

	Three Months Ended September 30,
(in thousands)	2023		2022
Revenue:
Fixed component	$	844	$	1,139
Variable component		-		-
Total	$	844	$	1,139

	Nine Months Ended September 30,
(in thousands)	2023		2022
Revenue:
Fixed component	$	2,577	$	3,549
Variable component		-		-
Total	$	2,577	$	3,549