Note 10 - Leases

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Lessee, Operating and Finance Leases [Text Block]

10.     LEASES 

The Company has operating leases for facilities, vehicles and equipment. These leases have remaining terms of 2 years to 15 years, some of which include options to extend the leases for up to 10 years.  Lease expense for the years ended December 31, 2021 and 2020 was approximately $1.6 million and $1.5 million, respectively.

Supplemental balance sheet information related to leases:

	December 31, 2021			December 31, 2020
Operating leases:
Operating lease right-of-use assets, net	$	8,998,776		$	8,856,820
Other current liabilities		1,241,681			1,136,300
Operating lease liabilities		7,985,628			7,901,357
Total operating lease liabilities	$	9,227,309		$	9,037,657
Weighted Average Remaining Lease Term
Operating Leases (in years)		9.0			9.0
Weighted Average Discount Rate
Operating Leases		5.0	%		5.0	%

Future minimum lease payments at December 31, 2021 were as follows:

	Operating Leases
Year Ending December 31,
2022	$	1,803,919
2023		1,615,989
2024		1,529,993
2025		1,461,121
2026		1,016,937
Thereafter		4,235,844
Total future minimum lease payments	$	11,663,803
Less: imputed interest		(2,257,098	)
Total	$	9,406,705

Commitments and Contingencies
From time to time, the Company is involved in legal matters arising in the ordinary course of business. While the Company believes that such matters are currently not material, there can be no assurance that matters arising in the ordinary course of business for which the Company is, or could be, involved in litigation, will not have an adverse effect on its business, financial condition or results of operations.