Quarterly report [Sections 13 or 15(d)]

Note 10 - Business Combinations (Tables)

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Note 10 - Business Combinations (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Business Combination [Table Text Block]
   

(in thousands)

 
   

Coastal Pine Group

   

EWCR

 

Equity Consideration - Common Stock

  $ 1,264     $ 316  

Put Option

    3,480       —  

Note Payable

    1,874       457  

Cash Consideration

    —       800  

Earnout Provision

    —       4  

Total Consideration

  $ 6,618     $ 1,577  
                 

Assets Acquired:

               

Cash

    959       81  

Accounts Receivable

    85       —  

Inventory

    524       305  

Prepaid Expenses & Other Current Assets

    112       11  

Property, Equipment and Leasehold Improvements

    470       162  

Right-of-Use Asset - Operating Leases

    1,694       —  

Intangible Assets

    3,100       3,600  

Other Assets

    —       86  

Total Assets Acquired

    6,944       4,245  
                 

Liabilities Assumed:

               

Accounts Payable & Accrued Liabilities

    3,877       4,541  

Operating Lease Liabilities

    2,077       —  

Notes Payable

    307       500  

Income Taxes Payable

    9,632       7,527  

Accrued Income Taxes

    —       2,014  

Deferred Tax Liabilities

    1,549       319  

Total Liabilities Assumed

    17,442       14,901  
                 

Fair Value of Net Assets Acquired

    (10,498 )     (10,656 )
                 

Goodwill

  $ 17,116     $ 12,233  
Business Combination, Pro Forma Information [Table Text Block]
   

(in thousands)

 
   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2025

   

2024

   

2025

   

2024

 

Pro Forma Revenue

  $ 5,097     $ 10,474     $ 10,445     $ 16,748  

Pro Forma Net Income (Loss)

  $ (2,179 )   $ 22,380     $ (3,174 )   $ 18,882