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Note 8 - Other Intangible Assets

9 Months Ended

Sep. 30, 2023

Intangible Assets Disclosure [Text Block]

8.	Other Intangible Assets

The following is a summary of the Company’s other intangible assets:

	*Gross*		*Less*		*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
September 30, 2023
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		78,000		2,000
Customer relationships		80,920		41,415		39,505
Patents		21,136		17,935		3,201
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		4,066		1,393
Amortizable intangibles, net		196,155		150,056		46,099
Total	$	273,755	$	150,056	$	123,699

	*Gross*		*Less*		*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
December 31, 2022
Indefinite-lived intangibles:
Trademark and tradenames	$	77,600	$	-	$	77,600
Amortizable intangibles:
Dealer network		80,000		75,000		5,000
Customer relationships		80,920		37,537		43,383
Patents		21,136		16,994		4,142
Noncompete agreements		8,640		8,640		-
Trademarks		5,459		3,995		1,464
Amortizable intangibles, net		196,155		142,166		53,989
Total	$	273,755	$	142,166	$	131,589

Amortization expense for intangible assets was $2,630 and $2,630 for the three months ended September 30, 2023 and 2022, respectively. Amortization expense for intangible assets was $7,890 and $7,890 for the nine months ended September 30, 2023 and 2022, respectively. Estimated amortization expense for the remainder of 2023 and each of the succeeding five years is as follows:

2023	$	2,630
2024		7,520
2025		6,075
2026		5,450
2027		5,450
2028		5,450