Note 3 - Goodwill

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Goodwill Disclosure [Text Block]

3. Goodwill

The Company conducted two impairment tests in 2023: (1) during the first quarter when a triggering event occurred and (2) at year-end during its annual impairment test. in accordance with ASC 350-20, Goodwill. The Company conducted its annual impairment test in 2022. As a result of these tests, the Company recorded goodwill impairment charges of $5,098,784 and $37,093,047 for the years ended December 31, 2023 and December 31, 2022, respectively. 

The following table presents a reconciliation of the carrying amount of goodwill for the year ended December 31, 2023:

Balance at January 1, 2022	$	51,775,667
Impairment charge		(37,093,047	)
Balance at December 31, 2022	$	14,682,620
Goodwill impairment charge		(5,098,784	)
Balance at December 31, 2023	$	9,583,836