Significant Accounting Policies (Policies) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 |
Accounting Policies [Abstract] | | | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited consolidated financial statements and the related notes (the “Financial Statements”) have been prepared in conformity with the U.S. Securities and Exchange Commission (the “SEC”) requirements for quarterly reports on Form 10 10 December 31, 2021, December 31, 2021 8 March 28, 2022, Notwithstanding the legal form of the Yellowstone Transaction pursuant to the terms therein, the Yellowstone Transaction was accounted for as a reverse recapitalization in accordance with GAAP (the “Reverse Recapitalization”). Under this method of accounting, SHG was treated as the acquired company for financial reporting purposes, and Sky was treated as the accounting acquirer. In accordance with this accounting method, the Yellowstone Transaction was treated as the equivalent of Sky issuing stock for the net assets of Yellowstone, accompanied by a recapitalization. Sky was deemed the accounting acquirer for purposes of the Yellowstone Transaction based on an evaluation of the following facts and circumstances: • The LLC Interests, through their ownership of the Class B Common Stock, hold a majority voting interest in the Company; • The LLC Interests have the ability to nominate and elect the majority of the Company’s Board of Directors; • Sky’s senior management team comprises the senior management of the Company; and • Sky’s assets were larger in relative size compared to Yellowstone’s assets prior to the Yellowstone Transaction. Thus, the financial statements included in this quarterly report for the three March 31, 2022 no | | Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include the estimates of collectability of tenant lease payments, assumptions used within impairment analyses, estimated useful lives of depreciable assets and amortizable costs, estimates of inputs utilized in determining incentive compensation expense and financial instruments such as warrants, and estimates and assumptions related to right-of-use assets and operating lease liabilities. Actual results could differ materially from those estimates. | | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Risks and Uncertainties [Policy Text Block] | Risks and Uncertainties The Company’s operations have been limited to-date. For most of its history, the Company was engaged in securing access to land through ground leases, and developing and constructing aviation hangars. The major risks faced by the Company is its future ability to obtain additional tenants for the facilities that it constructs, and to contract with such tenants for rental income in an amount that is sufficient to meet the Company’s financial obligations, including increasing construction costs. In March 2020, 2019 19” 19 2020, 19 2020, 2021 2022 19 19 not 19 | | |
Liquidity and Capital Resources [Policy Text Block] | Liquidity and Capital Resources As a result of ongoing construction projects and business development activities, including the development of aircraft hangars and the leasing of available hangar space, the Company has incurred recurring losses and negative cash flows from operating activities since its inception. The Company expects to continue to invest in such activities and generate operating losses in the near future. The Company obtained long-term financing through bond and equity offerings to fund its construction, lease, and operational commitments, and believes its liquidity is sufficient to allow continued operations for more than one | | |
Consolidation, Policy [Policy Text Block] | Basis of Consolidation SHG is deemed to have a controlling interest of Sky through its appointment as the Managing Member of Sky, in which SHG has control over the affairs and decision-making of Sky. The interests in Sky not no | | |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Restricted Cash The Company’s cash is held at a major commercial bank, which cash balance may not Pursuant to the Company’s bond offering described in Note 8, March 31, 2022 December 31, 2021. | | Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three |
Investment, Policy [Policy Text Block] | Restricted Investments Held-to-Maturity Pursuant to provisions within the Master Indenture of the Series 2021 8, The Company has the ability and intent to hold these restricted investments until maturity, and as a result, the Company would not March 31, 2022, one one five | | |
Cost of Construction [Policy Text Block] | Cost of Construction Cost of construction on the consolidated balance sheets is carried at cost. The cost of acquiring an asset includes the costs necessary to bring a capital project to the condition necessary for its intended use. Costs are capitalized once the construction of a specific capital project is probable. Construction labor and other direct costs of construction are capitalized. Professional fees for engineering, procurement, consulting, and other soft costs that are directly identifiable with the project and are considered an incremental direct cost are capitalized. The Company allocates a portion of its internal salaries to both capitalized cost of construction and to general and administrative expense based on the percentage of time certain employees worked in the related areas. Interest, net of the amortization of debt issuance costs and premiums, and net of interest income earned on bond proceeds, is also capitalized until the capital project is completed. | | |
Constructed Assets, Net [Policy Text Block] | Constructed assets, net Constructed assets on the consolidated balance sheets consists principally of developed airplane hangar buildings, and are carried at cost less accumulated depreciation. Once a capital project is complete, the Company begins to depreciate the constructed asset on a straight-line basis over the lesser of the life of the asset or the remaining term of the related ground lease, including expected renewal terms. Constructed assets, net, as of March 31, 2022 December 31, 2021 | | |
Property, Plant and Equipment, Policy [Policy Text Block] | Other long-lived assets Long-lived assets on the consolidated balance sheets consists principally of equipment and software. Long-lived assets are carried at cost less accumulated depreciation. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over 5 years, the estimated useful life of the assets. | | |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of long-lived assets The Company’s assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not may March 31, 2022, not | | |
Lessee, Leases [Policy Text Block] | Leases The Company accounts for leases under Accounting Standards Codification (“ASC”) Topic 842, 842 12 12 The Company also has tenant leases and accounts for those leases in accordance with the lessor guidance under ASC Topic 842. The Company has lease agreements with lease and non-lease components; the Company has elected the accounting policy to not The Company has not | | |
Derivatives, Policy [Policy Text Block] | Warrants liability The Company accounts for the warrants assumed in the Yellowstone Transaction (see Note 9 815, 815” not | | Warrants Liability We account for the warrants in accordance with the guidance contained in Accounting Standards Codification 815 815” not |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value of Financial Instruments ASC Topic 820, 820 three 1 2 not 3 no 1 3 2 3 may may 13. | | Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 820, |
Deferred Charges, Policy [Policy Text Block] | Equity issuance costs The Company accounts for equity issuance costs as an asset within prepaid expenses and other assets on the consolidated balance sheets until the related equity financing is obtained, and then reclassifies such costs as a reduction in equity. As of December 31, 2021, March 31, 2022, | | |
Revenue [Policy Text Block] | Revenue recognition The Company leases the hangar facilities that it constructs to third may no 842, 7 March 31, 2022, December 31, 2021, The Company evaluates the collectability of tenant receivables for payments required under the lease agreements. If the Company determines that collectability is not 842 no three March 31, 2022 2021. For the three March 31, 2022 2021, December 2023 November 2025, | | |
Operating Expenses [Policy Text Block] | Operating Expenses For the three March 31, 2022, three March 31, 2021, three March 31, 2022 March 31, 2021, | | |
Advertising Cost [Policy Text Block] | Advertising Costs The Company expenses the cost of advertising and marketing as incurred. Advertising and marketing costs charged to general and administrative expenses totaled $102 and $37 for the three March 31, 2022 2021, | | |
Income Tax, Policy [Policy Text Block] | Income Taxes SHG is classified as a corporation for Federal income tax purposes and is subject to U.S. Federal and state income taxes. SHG includes in income, for U.S. Federal income tax purposes, its allocable portion of income from the “pass-through” entities in which it holds an interest, including Sky. The “pass-through” entities, are not not The Company follows the asset and liability method of accounting for income taxes. This method gives consideration to the future tax consequences associated with the differences between the financial accounting and tax basis of the assets and liabilities as well as the ultimate realization of any deferred tax asset resulting from such differences, as well as from net operating losses and other tax-basis carryforwards. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not not The Company recorded income tax expense of $0 and the effective tax rate was 0.0% for the three March 31, 2022. three March 31, 2022 not not Amounts payable under the Tax Receivable Agreement, as defined in Note 3, | | Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, For those liabilities or benefits to be recognized, a tax position must be more-likely-than- not December 31, 2021, not not not The Company may may The Company is incorporated in the State of Delaware and is required to pay franchise taxes to the State of Delaware on an annual basis. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements In March 2020, 2020 04, 848, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2020 04 January 2021, 2021 01 2020 04 March 12, 2020 may December 31, 2022 2021 01 January 7, 2021 may December 31, 2022. 2020 04 2021 01 | | Recently issued accounting pronouncements not Management does not not |
Earnings Per Share, Policy [Policy Text Block] | | | Net Loss Per Common Share Net (loss) income per share of common stock is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the period. We apply the two As of December 31, 2021 December 31, 2020, December 31, 2021, not Reconciliation of Net Earnings (Loss) per common share Basic and diluted loss per common share is calculated as follows: For the Year Ended For the Period from Class A Class B Class A Class B Basic and diluted net income (loss) per share Numerator: Allocation of net income (loss) $ 2,357,536 $ 589,383 $ (1,868,311 ) $ (1,156,493 ) Denominator: Weighted-average shares outstanding 13,598,898 3,399,724 6,975,341 4,317,769 Basic and diluted net income (loss) per share $ 0.17 $ 0.17 $ (0.27 ) $ (0.27 ) |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | | | Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may $250,000. December 31, 2021, not not |
Temporary Equity [Policy Text Block] | | Redeemable Shares of Class A Common Stock All of the 13,598,898 shares of Class A common stock sold as parts of the Units in the Public Offering contain a redemption feature. In accordance with the Accounting Standards Codification 480 10 S99 3A 480” not 480. | |