Note 7 - Goodwill

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7 – Goodwill

The Company tests goodwill for impairment on an annual basis and between annual tests if events and circumstances indicate it is more likely than not that the fair value of the reporting unit is less than its carrying value. Factors the Company considers important, which could trigger an impairment of such asset, include the following:

•         significant underperformance relative to historical or projected future operating results;

•         significant changes in the manner or use of the assets or the strategy for the Company’s overall business;

•         significant negative industry or economic trends;

•         significant decline in the Company’s stock price for a sustained period; and

•         a decline in the Company’s market capitalization below net book value.

The Company considered indicators of impairment, and there were no triggering events identified, no indication of impairment of the Company’s goodwill and no impairment charges recorded during the three months ended March 31, 2024 or 2023.