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v3.22.2.2
Note 2 - Liquidity and Material Agreements (Details Textual)
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3 Months Ended |
6 Months Ended |
11 Months Ended |
12 Months Ended |
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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USD ($)
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Cash and Cash Equivalents, at Carrying Value, Total |
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$ 3,514,584
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$ 3,514,584
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Working Capital |
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4,194,988
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4,194,988
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Revenue from Contract with Customer, Including Assessed Tax |
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3,452,759
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$ 1,179,064
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5,273,498
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$ 1,988,160
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Net Income (Loss) Attributable to Parent, Total |
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722,042
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$ (31,152)
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577,164
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$ (265,666)
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690,890
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311,498
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Net Cash Provided by (Used in) Operating Activities, Total |
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1,598,472
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212,275
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Net Cash Provided by (Used in) Investing Activities, Total |
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(501,644)
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(78,044)
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Net Cash Provided by (Used in) Financing Activities, Total |
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(29,150)
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(244,438)
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Environmental Remediation, Agreed Percentage of Reduction in Tenant Operated Tourist Flights |
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20.00%
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Environmental Remediation, Agreed Percentage of Reduction in Tenant Operated Tourist Flights by Year One |
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40.00%
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Environmental Remediation, Agreed Percentage of Reduction in Tenant Operated Tourist Flights by Year Two |
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50.00%
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General and Administrative Expense, Total |
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836,000
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0
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Concession Fees |
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601,000
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28,000
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Truck Lease [Member] |
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Lessee, Finance Lease, Term of Contract (Month) |
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60 months
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Lessee, Finance Lease, Base Lease Payment |
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$ 2,568
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Capital Leases of Lessee, Contingent Rentals, Basis Spread on Variable Rate |
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5.50%
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Capital Lease, Lessee, Purchase Price of Capital Leased Asset |
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$ 1.00
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Concession Agreement [Member] |
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Percentage Payable Greater than Gross Receipts During Period |
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18.00%
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18.00%
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Amount of Gross Receipts During Period |
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$ 5,000,000
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$ 100,000
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Percentage Payable Greater than Gross Receipts in Year One |
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25.00%
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Minimum Annual Guarantee Percent |
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50.00%
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Line of Credit Facility, Payment Term (Month) |
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30 months
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Line of Credit Facility, Number of Options to Extend Agreement |
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2
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Paycheck Protection Program CARES Act [Member] |
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Proceeds from Issuance of Long-term Debt, Total |
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$ 304,833
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Truck Note [Member] |
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Debt Instrument, Face Amount |
$ 76,000
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Debt Instrument, Number of Annual Payments |
6
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Debt Instrument, Periodic Payment, Interest |
$ 13,432.56
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Debt Instrument Interest Rate, Per Gallon |
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$ 0.018
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Prime Rate [Member] | Truck Note [Member] |
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Debt Instrument, Basis Spread on Variable Rate |
3.00%
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Key Bank National Association [Member] | Term Loan [Member] |
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Debt Instrument, Face Amount |
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$ 338,481
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Long-Term Debt, Current Maturities, Total |
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$ 0
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$ 0
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0
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0
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Acquisition Line of Credit [Member] | Key Bank National Association [Member] |
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Line of Credit Facility, Maximum Borrowing Capacity |
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2,500,000
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Working Capital Line of Credit [Member] | Key Bank National Association [Member] |
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Line of Credit Facility, Maximum Borrowing Capacity |
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$ 1,000,000
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Debt Instrument, Periodic Payment, Total |
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$ 0
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$ 0
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Working Capital Line of Credit [Member] | Key Bank National Association [Member] | London Interbank Offered Rate (LIBOR) [Member] |
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Debt Instrument, Basis Spread on Variable Rate |
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2.75%
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