Note 9 - Leases

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Lessee, Operating and Finance Leases [Text Block]

9.     LEASES 

The Company has operating leases for facilities, vehicles and equipment. These leases have remaining terms of 2 years to 10 years, some of which include options to extend the leases for up to 10 years.  Lease expense for the years ended  December 31, 2023 and 2022 was approximately $2.2 million and $2.0 million, respectively.

Supplemental balance sheet information related to leases:

	December 31,			December 31,
	2023			2022
Operating leases:
Operating lease right-of-use assets, net	$	8,356,903		$	9,524,280
Other current liabilities		1,714,174			1,705,224
Operating lease liabilities		6,901,043			8,060,152
Total operating lease liabilities	$	8,615,217		$	9,765,376
Weighted Average Remaining Lease Term
Operating Leases (in years)		7.1			7.7
Weighted Average Discount Rate
Operating Leases		5.0	%		5.0	%

Future minimum lease payments at December 31, 2023 were as follows:

	Operating
	Leases
Year Ending December 31,
2024	$	2,105,239
2025		2,061,125
2026		1,521,090
2027		845,957
2028		636,577
Thereafter		3,059,965
Total future minimum lease payments	$	10,229,953
Less: imputed interest		(1,614,736	)
Total	$	8,615,217

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.