Nuvera Communications (NUVR) 10-K 16 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 16, 2020	Jun. 28, 2019
Document Information Line Items
Entity Registrant Name	NUVERA COMMUNICATIONS, INC.
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		5,179,866
Entity Public Float			$ 80,411,706
Amendment Flag	false
Entity Central Index Key	0000071557
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
OPERATING REVENUES:
Operating Revenues	$ 64,941,341	$ 56,354,698
OPERATING EXPENSES:
Cost of Other Nonregulated Services	2,122,894	2,078,876
Depreciation and Amortization	12,120,862	10,343,467
Selling, General, and Administrative	10,924,966	9,857,307
Total Operating Expenses	50,867,403	44,004,184
OPERATING INCOME	14,073,938	12,350,514
OTHER INCOME (EXPENSE):
Interest During Construction	173,591	109,935
CoBank Patronage Dividends	403,786	344,031
Interest Income	174,396	227,278
Interest Expense	(3,404,971)	(2,280,939)
Gain (Loss) on Investments	(104,044)	109,043
Other Investment Income	322,750	342,517
Total Other Income (Expense)	(2,434,492)	(1,148,135)
INCOME BEFORE INCOME TAXES	11,639,446	11,202,379
INCOME TAXES EXPENSE	3,309,467	3,438,460
NET INCOME	$ 8,329,979	$ 7,763,919
NET INCOME PER SHARE
Basic (in Dollars per share)	$ 1.61	$ 1.50
Diluted (in Dollars per share)	1.60	1.50
DIVIDENDS PER SHARE (in Dollars per share)	$ 0.5100	$ 0.4600
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in Shares)	5,184,663	5,170,895
Diluted (in Shares)	5,193,449	5,174,184
Service [Member]
OPERATING REVENUES:
Operating Revenues	$ 7,215,848	$ 6,232,079
Network Access [Member]
OPERATING REVENUES:
Operating Revenues	7,566,579	7,135,617
Video [Member]
OPERATING REVENUES:
Operating Revenues	12,081,824	10,689,150
OPERATING EXPENSES:
Cost	10,808,867	9,588,696
Data [Member]
OPERATING REVENUES:
Operating Revenues	21,739,244	16,423,552
OPERATING EXPENSES:
Cost	2,881,231	2,383,618
A-CAM/FUSF [Member]
OPERATING REVENUES:
Operating Revenues	12,162,631	11,685,585
Other Non Regulated [Member]
OPERATING REVENUES:
Operating Revenues	4,175,215	4,188,715
Plant Operations [Member]
OPERATING EXPENSES:
Cost	$ 12,008,583	$ 9,752,220

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
NET INCOME	$ 8,329,979	$ 7,763,919
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized Gains (Losses) on Interest Rate Swaps	146,832	(435,428)
Income Tax Benefit (Expense) Related to Unrealized (Gains) Losses on Interest Rate Swaps	(41,906)	124,272
OTHER COMPREHENSIVE INCOME (LOSS)	104,926	(311,156)
COMPREHENSIVE INCOME	$ 8,434,905	$ 7,452,763

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash	$ 2,993,000	$ 1,584,769
Receivables, Net of Allowance for Doubtful Accounts of $120,000 and $113,000	2,356,742	3,977,322
Income Taxes Receivable		305,751
Materials, Supplies and Inventories	2,827,159	2,581,389
Prepaid Expenses and Other Current Assets	826,873	770,589
Total Current Assets	9,003,774	9,219,820
INVESTMENTS & OTHER ASSETS:
Goodwill	49,903,029	49,903,029
Intangibles	24,085,250	27,409,020
Other Investments	9,453,578	9,170,093
Right of Use Asset	1,558,164
Other Assets	182,581	21,481
Total Investments and Other Assets	85,182,602	86,503,623
PROPERTY, PLANT & EQUIPMENT:
Communications Plant	163,630,396	153,138,295
Other Property & Equipment	23,301,293	21,705,180
Video Plant	10,732,919	10,541,648
Total Property, Plant and Equipment	197,664,608	185,385,123
Less Accumulated Depreciation	129,605,576	120,877,227
Net Property, Plant & Equipment	68,059,032	64,507,896
TOTAL ASSETS	162,245,408	160,231,339
CURRENT LIABILITIES:
Current Portion of Long-Term Debt	4,511,844	4,511,844
Accounts Payable	1,807,334	3,060,987
Accrued Income Taxes	729,600
Other Accrued Taxes	232,862	229,128
Deferred Compensation	311,047	55,201
Accrued Compensation	2,511,798	2,315,976
Other Accrued Liabilities	1,046,034	767,615
Total Current Liabilities	11,150,519	10,940,751
LONG-TERM DEBT, Less Current Portion	51,072,286	57,084,130
NONCURRENT LIABILITIES:
Loan Guarantees	319,346	254,383
Deferred Income Taxes	16,470,055	16,140,789
Other Accrued Liabilities	1,454,777	234,587
Financial Derivative Instruments	260,418	407,250
Deferred Compensation	759,952	573,971
Total Noncurrent Liabilities	19,264,548	17,610,980
COMMITMENTS AND CONTINGENCIES:
STOCKHOLDERS' EQUITY:
Preferred Stock - $1.66 Par Value, 10,000,000 Shares Authorized, No Shares Issued and Outstanding
Common Stock - $1.66 Par Value, 90,000,000 Shares Authorized, 5,189,218 and 5,175,258 Shares Issued and Outstanding	8,648,697	8,625,430
Accumulated Other Comprehensive Income (Loss)	(186,095)	(291,021)
Unearned Compensation	189,255	79,784
Retained Earnings	72,106,198	66,181,285
Total Stockholders' Equity	80,758,055	74,595,478
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 162,245,408	$ 160,231,339

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Allowance for Doubtful Accounts (in Dollars)	$ 120,000	$ 113,000
Preferred stock par value (in Dollars per share)	$ 1.66	$ 1.66
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value (in Dollars per share)	$ 1.66	$ 1.66
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	5,189,218	5,175,258
Common stock, shares outstanding	5,189,218	5,175,258

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 8,329,979	$ 7,763,919
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation and Amortization	12,219,418	10,419,053
Unrealized Gains on Investments	104,044	(109,043)
Undistributed Earnings of Other Equity Investment	(379,456)	(291,202)
Noncash Patronage Refund	(100,946)	(76,485)
Stock Issued in Lieu of Cash Payment	311,617	259,527
Distributions from Equity Investments	200,000	200,000
Stock-based Compensation	190,853	66,164
Changes in Assets and Liabilities:
Receivables	1,625,368	(1,328,984)
Income Taxes Receivable	305,751	(305,751)
Materials, Supplies, and Inventories	(245,770)	(76,453)
Prepaid Expenses	(72,936)	127,701
Other Assets	(165,888)	14,000
Accounts Payable	(946,158)	549,516
Accrued Income Taxes	729,600	(676,508)
Other Accrued Taxes	3,734	44,445
Other Accrued Liabilities	136,267	629,182
Deferred Income Tax	287,360	128,018
Deferred Compensation	441,827	(60,269)
Net Cash Provided by Operating Activities	22,974,664	17,276,830
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property, Plant, and Equipment, Net	(13,046,645)	(6,960,876)
Grants Received for Construction of Plant	390,922	323,319
Purchase of Intangible		(310,106)
Purchase of Scott Rice Telephone Co., Net of Cash Acquired		(42,136,493)
Other, Net	(42,164)	(253,000)
Net Cash Used in Investing Activities	(12,697,887)	(49,337,156)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal Payments of Long-Term Debt	(6,110,400)	(29,880,200)
Issuance of Long-Term Debt		64,550,000
Loan Origination Fees		(487,698)
Repurchase of Common Stock	(114,126)
Dividends Paid	(2,644,020)	(2,379,099)
Net Cash Provided By (Used in) Financing Activities	(8,868,546)	31,803,003
NET INCREASE (DECREASE) IN CASH	1,408,231	(257,323)
CASH at Beginning of Period	1,584,769	1,842,092
CASH at End of Period	2,993,000	1,584,769
Supplemental cash flow information:
Cash paid for interest	3,354,128	1,980,577
Net cash paid for income taxes	$ 1,986,753	$ 4,292,639

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS` EQUITY - USD ($)	Common Stock [Member]	AOCI Attributable to Parent [Member]	Unearned Compensation [Member]	Retained Earnings [Member]	Total
BALANCE at Dec. 31, 2017	$ 8,600,108	$ 20,135	$ 13,620	$ 59,814,870	$ 68,448,733
BALANCE (in Shares) at Dec. 31, 2017	5,160,065
Directors Stock Plan	$ 18,307			181,602	199,909
Directors Stock Plan (in Shares)	10,984
Employee Stock Plan	$ 7,015			63,696	70,711
Employee Stock Plan (in Shares)	4,209
Restricted Stock Grant			66,164		66,164
Cumulative Effect of Accounting Changes				736,297	736,297
Net Income				7,763,919	7,763,919
Dividends				(2,379,099)	(2,379,099)
Unrealized Gain (Loss) on Interest Rate Swap		(311,156)			(311,156)
BALANCE at Dec. 31, 2018	$ 8,625,430	(291,021)	79,784	66,181,285	74,595,478
BALANCE (in Shares) at Dec. 31, 2018	5,175,258
Directors Stock Plan	$ 15,935			164,003	179,938
Directors Stock Plan (in Shares)	9,561
Employee Stock Plan	$ 9,985			105,042	115,027
Employee Stock Plan (in Shares)	5,991
Restricted Stock Grant			190,853		190,853
Issuance of Stock Upon Vesting of RSU's	$ 7,332		(81,382)	74,050
Issuance of Stock Upon Vesting of RSU's (in Shares)	4,399
Repurchases of Common Stock	$ (9,985)			(104,141)	(114,126)
Repurchases of Common Stock (in Shares)	(5,991)
Net Income				8,329,979	8,329,979
Dividends				(2,644,020)	(2,644,020)
Unrealized Gain (Loss) on Interest Rate Swap		104,926			104,926
BALANCE at Dec. 31, 2019	$ 8,648,697	$ (186,095)	$ 189,255	$ 72,106,198	$ 80,758,055
BALANCE (in Shares) at Dec. 31, 2019	5,189,218

BUSINESS DESCRIPTION AND SUMMAR

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Business Description and Accounting Policies [Text Block]	NOTE 1 – BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Nuvera is a diversified communications company headquartered in New Ulm, Minnesota with more than 114 years of experience in the local telephone exchange and communications business. Our principal line of business is the operation of six local telephone companies and the operation of two CLEC telephone companies. Our businesses consist of connecting customers to our state-of-the-art, fiber-rich communications network, providing managed services, switched service and dedicated private lines, connecting customers to long distance service providers and providing many other services associated with our company. Our businesses also provide IPTV, CATV, Internet access services, including high-speed broadband access, and long distance service. We also install and maintain communications systems to the areas in and around our service territories in southern Minnesota and northern Iowa. Basis of Presentation and Principles of Consolidation Our accounting policies conform with GAAP and rules and regulations of the SEC and, where applicable, conform to the accounting principles as prescribed by federal and state telephone utility regulatory authorities. We presently give accounting recognition to the actions of regulators where appropriate in preparing general purpose financial statements for most public utilities. In general, the type of regulation covered by this statement permits rates (prices) for some services to be set at levels intended to recover the estimated costs of providing regulated services or products, including the cost of capital (interest costs and a provision for earnings on stockholders’ investments). Our consolidated financial statements report the financial condition and results of operations for Nuvera and its subsidiaries in one business segment: the Communications Segment. Inter-company transactions have been eliminated from the consolidated financial statements. Classification of Costs and Expenses Cost of services includes all costs related to delivery of communication services and products. These operating costs include all costs of performing services and providing related products including engineering, network monitoring and transportation costs. Selling, general and administrative expenses include direct and indirect selling expenses, customer service, billing and collections, advertising and all other general and administrative costs associated with the operations of the business. Use of Estimates The preparation of our consolidated financial statements in conformity with GAAP requires our management to make estimates and judgements that affect the reported amounts of assets, liabilities, revenue and expenses, and the related disclosure of contingent assets and liabilities. The estimates and judgements used in the accompanying consolidated financial statements are based on our management’s evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results may differ from those estimates and assumptions. Revenue Recognition See Note 2 – “Revenue Recognition” for a discussion of our revenue recognition policies. Receivables As of December 31, 2019 and 2018, our consolidated receivables totaled $2,356,742 and $3,977,322, net of the allowance for doubtful accounts. We believe our receivables as of December 31, 2019 and 2018 are recorded at their fair value. As there may be exposure or risk with receivables, we routinely monitor our receivables and adjust the allowance for doubtful accounts when events occur that may potentially affect the collection of our receivables. Allowance for Doubtful Accounts We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. In making the determination of the appropriate allowance for doubtful accounts, we consider specific accounts, historical write-offs, changes in customer relationships, credit worthiness and concentrations of credit risk. Specific accounts receivable are written off once a determination is made that the account is uncollectible. Additional allowances may be required if the financial condition of our customers were to deteriorate, resulting in an impairment of their ability to make payments. The activity in our allowance for doubtful accounts includes the following: Year Ended December 31 2019 2018 Balance at beginning of year $ 113,000 $ 83,000 Additions charged to costs and expenses 255,491 202,420 Accounts written off, net of recoveries (248,491) (172,420) Balance at end of year $ 120,000 $ 113,000 Inventories Inventory includes parts, materials and supplies stored in our warehouses to support basic levels of service and maintenance as well as scheduled capital projects and equipment awaiting configuration for customers. Inventory also includes (i) parts and equipment shipped directly from vendors to customer locations while in transit and (ii) parts and equipment returned from customers that are being returned to vendors for credit. Our inventory value as of December 31, 2019 and 2018 was $2,827,159 and $2,581,389. We value inventory using the lower of cost or net realizable value. Similar to our allowance for doubtful accounts, we make estimates related to the valuation of inventory. As of December 31, 2019 and 2018, we had no inventory reserve. We adjust our inventory carrying value for estimated obsolescence or unmarketable inventory to the net realizable value based upon assumptions about future demand and market conditions. As market and other conditions change, we may establish additional inventory reserves at a time when the facts that give rise to a lower value are warranted. We use the first-in, first-out method of inventory costing for our non-retail inventory. We use the average cost method of inventory costing for our retail inventory. Fair Value Measurements We have adopted the rules prescribed under GAAP for our financial assets and liabilities. GAAP includes a fair value hierarchy that is intended to increase consistency and comparability in fair value measurements and related disclosures. The fair value hierarchy is based on inputs to valuation techniques used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources, while unobservable inputs reflect a reporting entity’s pricing based upon its own market assumptions. The fair value hierarchy consists of the following three levels: Level 1: Inputs are quoted prices in active markets for identical assets or liabilities. Level 2: Inputs are quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market–corroborated inputs that are derived principally from or corroborated by observable market data. Level 3: Inputs are derived from valuation techniques where one or more significant inputs or value drivers are unobservable. We have used financial derivative instruments to manage our overall cash flow exposure to fluctuations in interest rates. We accounted for derivative instruments in accordance with GAAP that requires derivative instruments to be recorded on the balance sheet at fair value. Changes in fair value of derivative instruments must be recognized in earnings unless specific hedge accounting criteria are met, in which case, the gains and losses are included in other comprehensive income rather than in earnings. We have entered into IRSAs with our lender CoBank to manage our cash flow exposure to fluctuations in interest rates. These instruments are designated as a cash flow hedges and are effective at mitigating the risk of fluctuations on interest rates in the market place. Any gains or losses related to changes in the fair value of these derivatives are accounted for as a component of accumulated other comprehensive income (loss) for as long as the hedges remain effective. The fair value of our IRSAs is discussed in Note 8 – “Interest Rate Swaps.” The fair value of our swap agreements were determined based on Level 2 inputs. Property, Plant and Equipment We record impairment losses on long-lived assets used in operations when events and circumstances indicate the assets might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. In assessing the recoverability of long-lived assets, we compare the carrying value to the undiscounted future cash flows the assets are expected to generate. If the total of the undiscounted future cash flows is less than the carrying amount of the assets, we would write down those assets based on the excess of the carrying amount over the fair value of the assets. Fair value is generally determined by calculating the discounted future cash flows expected from those assets. Changes in these estimates could have a material adverse effect on the assessment of long-lived assets, thereby requiring a write-down of the assets. Write-downs of long-lived assets are recorded as impairment charges and are a component of operating expenses. We have reviewed our long-lived assets and concluded that no impairment charge on our long-lived assets is necessary. We use the group life method (mass asset accounting) to depreciate the assets of our telephone companies. Telephone plant acquired in a given year is grouped into similar categories and depreciated over the remaining estimated useful life of the group. When an asset is retired, both the asset and the accumulated depreciation associated with that asset are removed from the books. Due to rapid changes in technology, selecting the estimated economic life of communications plant and equipment requires a significant amount of judgment. We periodically review data on expected utilization of new equipment, asset retirement activity and net salvage values to determine adjustments to our depreciation rates. We have not made any significant changes to the lives of these assets in the two year period ended December 31, 2019. Goodwill and Intangible Assets We amortize our definite-lived intangible assets over their estimated useful lives. Customer relationships are amortized over fourteen to fifteen years, regulatory rights are amortized over fifteen years and trade names are amortized over three to five years. Intangible assets with finite lives are amortized over their respective estimated useful lives. In accordance with GAAP, goodwill and intangible assets with indefinite useful lives are not amortized, but tested for impairment at least annually. See Note 6 – “Goodwill and Intangibles” for a more detailed discussion of the intangible assets and goodwill. Our goodwill balance was $49,903,029 as of December 31, 2019 and 2018. In the fourth quarter of 2019 and 2018 we completed our annual impairment tests for existing acquired goodwill. This testing resulted in no impairment charges to goodwill at December 31, 2019 and 2018. Investments and Other Assets We are a co-investor with other communication companies in several partnerships and limited liability companies. These joint ventures make it possible to offer services to customers, including digital video services and fiber-optic transport services that we would have difficulty offering on our own. These joint ventures also make it possible to invest in new technologies with a lower level of financial risk. We use the equity method of accounting for these investments that reflects original cost and recognition of our share of the net income or losses from the respective operations. See Note 17 – “Segment Information” for a listing of our investments. Investments in other companies that are not intended for resale and are not accounted for on the equity method of accounting are valued at fair value where there are readily determinable fair values. Investments in other companies that are not intended for resale and are not accounted for on the equity method of accounting are valued at cost where there are no readily determinable fair values. See Note 13 – “Other Investments” for additional information regarding our investments. Other Financial Instruments Other Investments – We conducted an evaluation of our investments in all of our investees in connection with the preparation of our audited financial statements at December 31, 2019. We believe the carrying value of our investments is not impaired. Debt – We estimate the fair value of our long-term debt based on the discounted future cash flows we expect to pay using current rates of borrowing for similar types of debt. Fair value of the debt approximates carrying value. Other Financial Instruments – Our financial instruments also include cash equivalents, trade accounts receivable and accounts payable where the current carrying amounts approximate fair market value. Advertising Expense Advertising is expensed as incurred. Advertising expense charged to operations was $364,932 and $312,674 in 2019 and 2018. Interest During Construction We include an average cost of debt for the construction of plant in our communications plant accounts. Income Taxes We account for income taxes in accordance with GAAP, which requires an asset and liability approach to financial accounting and reporting for income taxes. Accordingly, deferred tax assets and liabilities arise from the difference between the tax basis of an asset or liability and its reported amount in the financial statements and operating and tax credit carryforwards. Deferred tax assets and liabilities are determined using enacted tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. We recognize interest and penalties related to income tax matters as income tax expense. Income tax expense or benefit is the tax payable or refundable, respectively, for the period plus or minus the change in deferred tax assets and liabilities during the period. GAAP requires us to recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. See Note 9 – “Income Taxes” for additional information regarding income taxes. Collection of Taxes from Customers Sales, excise and other taxes are imposed on most of our sales to nonexempt customers. We collect these taxes from our customers and remit the entire amounts to governmental authorities. Our accounting policies dictate that we exclude these taxes collected and remitted from our revenues and expenses. Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash investments and receivables. We deposit our cash investments in high credit quality financial institutions accounts which, at times, may exceed federally insured limits. We have not experienced any losses in these accounts and do not believe we are exposed to any significant credit risk. Concentrations of credit risk with respect to trade receivables are limited due to our large number of customers. Earnings and Dividends Per Share Basic and diluted net income per share are calculated as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Basic Diluted Basic Diluted Net Income $ 8,329,979 $ 8,329,979 $ 7,763,919 $ 7,763,919 Weighted-average common 5,184,663 5,193,449 5,170,895 5,174,184 Net income per share $ 1.61 $ 1.60 $ 1.50 $ 1.50 The weighted-average shares outstanding, basic and diluted, are calculated as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Basic Diluted Basic Diluted Weighted-average common 5,184,663 5,184,663 5,170,895 5,170,895 Potentially Dilutive RSU's - 8,786 - 3,289 Weighted-average common 5,184,663 5,193,449 5,170,895 5,174,184 Dividends per share have been declared quarterly by the Nuvera BOD. Recent Accounting Developments In August, 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2017-12 (ASU 2017-12), “Targeted Improvements to Accounting for Hedging Activities.” ASU 2017-12 amends current guidance on accounting for hedges mainly to align more closely an entity’s risk management activities and financial reporting relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. In addition, amendments in ASU 2017-12 simplify the application of hedge accounting by allowing effectiveness assessments to be performed on a qualitative basis after hedge inception. The new guidance is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. The Company adopted ASU 2017-12 as of January 1, 2019 and is applying the guidance to our hedging activities. The new guidance did not have a material effect on our overall operations. In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and other (Topic 350).” ASU 2017-04 simplifies the accounting for goodwill impairment and removes Step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value limited to the total amount of goodwill allocated to that reporting unit. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. The same one-step impairment test will be applied to goodwill at all reporting units, even those with zero or negative carrying amounts. The amendments in this update should be applied on a prospective basis. ASU 2017-04 is effective for the Company beginning January 1, 2021. Early adoption is permitted. Management is evaluating the impact the adoption of ASU 2017-04 will have on the Company’s financial statements (if any). In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires entities to use a new forward-looking, expected loss model to estimate credit losses. It also requires additional disclosures relating to the credit quality of trade and other receivables, including information relating to management’s estimate of credit allowances. The Company is required to adopt ASU 2016-13 for fiscal periods beginning after December 15, 2022, including interim periods within that fiscal year. Early adoption as of December 15, 2018 was permitted. Management is evaluating the impact the adoption of ASU 2016-13 will have on the Company’s financial statements (if any). We have reviewed all other significant newly issued accounting pronouncements and determined they are either not applicable to our business or that no material effect is expected on our financial position and results of operations.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	NOTE 2 – REVENUE RECOGNITION In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606) (Accounting Standards Codification (ASC) 606),” which is a comprehensive revenue recognition standard that supersedes nearly all existing revenue recognition guidance under GAAP. ASU 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers, which steps are to (1) identify the contract(s) with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when each performance obligation is satisfied. We adopted ASU 2014-09 as of January 1, 2018 using the modified retrospective method for open contracts. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606. The Company did not have any material cumulative-effect adjustments that would have affected its January 1, 2018 assets, liabilities or retained earnings. The adoption of this new standard by the Company resulted in additional disclosures around the nature and timing of the Company’s performance obligations, deferred revenue contract liabilities, deferred contract cost assets, as well as significant judgements and practical expedients used by the Company in applying the new five-step revenue model. Our revenue contracts with customers may include a promise or promises to deliver services such as broadband, video or voice services. Promised services are considered distinct as the customer can benefit from the services either on their own or together with other resources that are readily available to the customer and the Company’s promise to transfer service to the customer is separately identifiable from other promises in the contract. The Company accounts for services as separate performance obligations. Each service is considered a single performance obligation as it is providing a series of distinct services that are substantially the same and have the same pattern of transfer. The transaction price is determined at contract inception and reflects the amount of consideration to which we expect to be entitled in exchange for transferring service to the customer. This amount is generally equal to the market price of the services promised in the contract and may include promotional or bundling discounts. The majority of our prices are based on tariffed rates filed with regulatory bodies or standard company price lists. The transaction price excludes amounts collected on behalf of third parties such as sales taxes and regulatory fees. Conversely, nonrefundable up-front fees, such as service activation and set-up fees, which are immaterial to our overall revenues, are included in the transaction price. In determining the transaction price, we consider our enforceable rights and obligations within the contract. We do not consider the possibility of a contract being cancelled, renewed or modified, which is consistent with ASC 606-10-32-4. The transaction price is allocated to each performance obligation based on the standalone selling price of the service, net of the related discount, as applicable. Revenue is recognized when performance obligations are satisfied by transferring service to the customer as described below. Significant Judgments The Company often provides multiple services to a customer. Provision of CPE and additional service tiers may have a significant level of integration and interdependency with the subscription voice, video, Internet, or connectivity services. Judgement is required to determine whether provision of CPE, installation services, and additional service tiers are considered distinct and accounted for separately, or not distinct and accounted for together with the subscription services. Allocation of the transaction price to the distinct performance obligations in bundled service subscriptions requires judgement. The transaction price for a bundle of services is frequently less than the sum of standalone selling prices of each individual service. Bundled discounts are allocated proportionally to the selling price of each individual service within the bundle. Standalone selling prices for the Company’s services are directly observable. Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the years ended December 31, 2019 and 2018: Twelve Months Ended December 31, 2019 2018 Voice services¹ $ 8,107,290 $ 7,159,240 Network access¹ 7,761,786 7,343,083 Video ¹ 12,070,242 10,672,632 Data ¹ 19,859,051 14,786,458 Directory² 827,978 757,233 Other contracted revenue³ 2,355,790 2,148,694 Other 4 979,076 985,683 Revenue from customers 51,961,213 43,853,023 Subsidy and other revenue outside scope of ASC 606 5 12,980,128 12,501,675 Total revenue $ 64,941,341 $ 56,354,698 ¹ Month-to-Month contracts billed and consumed in the same month. ² Directory revenue is contracted annually, however, this revenue is recognized ³ This includes long-term contracts where the revenue is recognized monthly over 4 This includes CPE and other equipment sales. 5 This includes governmental subsidies and lease revenue outside the scope of ASC 606. For the year ended December 31, 2019, approximately 78.50% of our total revenue was from month-to-month and other contracted revenue from customers. Approximately 20.00% of our total revenue was from revenue sources outside of the scope of ASC 606. The remaining 1.50% of total revenue was from other sources including CPE and equipment sales and installation. For the year ended December 31, 2018, approximately 76.07% of our total revenue was from month-to-month and other contracted revenue from customers. Approximately 22.18% of our total revenue was from revenue sources outside of the scope of ASC 606. The remaining 1.75% of total revenue was from other sources including CPE and equipment sales and installation. A significant portion of our revenue is derived from customers who may generally cancel their subscriptions at any time without penalty. As such, the amount of revenue related to unsatisfied performance obligations is not necessarily indicative of the future revenue to be recognized from our existing customer base. Revenue from customers with a contractually specified term and non-cancelable service period will be recognized over the term of such contracts, which is generally 3 to 10 years for these types of contracts. Nature of Services Revenues are earned from our customers primarily through the connection to our networks, digital and commercial TV programming, Internet services (high-speed broadband), and hosted and managed services. Revenues for these services are billed based on set rates for monthly service or based on the amount of time the customer is utilizing our facilities. The revenue for these services is recognized over time as the service is rendered. Voice Services – We receive recurring revenue for basic local services that enable end-user customers to make and receive telephone calls within a defined local calling area for a flat monthly fee. In addition to subscribing to basic local telephone services, our customers may choose from multiple voice service plans with a variety of custom calling features such as call waiting, call forwarding, caller identification and voicemail. Our VoIP digital phone service is also available as an alternative to the traditional telephone line. Customers may generally cancel their subscriptions at any time without penalty. Each subscription service provided is accounted for as a distinct performance obligation and revenue is recognized over a one month service period as the subscription services are delivered. Other optional services purchased by the customer are generally accounted for as a distinct performance obligation when purchased and revenue is recognized when the service is provided. Network Access – We provide access services to other communication carriers for the use of our facilities to terminate or originate long distance calls on our network. Additionally, we bill monthly SLCs to substantially all of our customers for access to the public switched network. These monthly SLCs are regulated and approved by the FCC. In addition, network access revenue is derived from several federally administered pooling arrangements designed to provide support and distribute funding to us. Revenues earned from other communication carriers accessing our network are based on the utilization of our network by these carriers as measured by minutes of use on the network or special access to the network by the individual carriers on monthly basis. Revenues are billed at tariffed access rates for both interstate and intrastate calls and are recognized into revenue monthly based on the period the access was provided. The NECA pools and redistributes the SLCs to various communication providers through the CAF. These revenues are earned and recognized into revenue on a monthly basis. Any adjustments to these amounts received by NECA are adjusted for in revenue upon receipt of the adjustment. Video – We provide a variety of enhanced video services on a monthly recurring basis to our customers. We also receive monthly recurring revenue from our subscribers for providing commercial TV programming in competition with local CATV, satellite dish TV and off-air TV service providers. We serve twenty-two communities with our IPTV services and five communities with our CATV services. Customers may generally cancel their subscriptions at any time without penalty. Each subscription service provided is accounted for as a distinct performance obligation and revenue is recognized over a one month service period as the subscription services are delivered. Other optional services purchased by the customer are generally accounted for as a distinct performance obligation when purchased and revenue is recognized when the service is provided. Data – We provide high speed Internet access to business and residential customers depending on the nature of the network facilities that are available, the level of service selected and the location. Our revenue is earned based on the offering of various flat rate packages based on the level of service, data speeds and features. We also provide e-mail and managed services, such as web hosting and design, on-line file back up and on-line file storage. Data customers may generally cancel their subscriptions at any time without penalty. Each subscription service provided is accounted for as a distinct performance obligation and revenue is recognized over a one month service period as the subscription services are delivered. Other optional services purchased by the customer are generally accounted for as a distinct performance obligation when purchased and revenue is recognized when the service is provided. Directory – Our directory publishing revenue in our telephone directories recurs monthly and is recognized into revenue on a monthly basis. Other Contracted Revenue - Managed services and certain other data customers include fiber-delivered communications and managed information technology solutions to mainly business customers, as well as high-capacity last-mile data connectivity services to wireless and wireline carriers. Services are primarily offered on a subscription basis with a contractually specified and non-cancelable service period. The non-cancelable contract terms for these customers generally range from 3 to 10 years. Each subscription service provided is accounted for as a distinct performance obligation and revenue is recognized ratably over the contract period as the subscription services are delivered. These services are billed as monthly recurring charges to customers. Other – We also generate revenue from the sales, service and installation of CPE and other services. Sales and service of CPE are billed and recognized into revenue once the sale or service is complete or delivered. These sales and services are generally short-term in nature and are completed within one month. Other revenues are immaterial to our total revenues. Subsidy and Other Revenue outside the Scope of ASC 606 – We receive subsidies from governmental entities to operate and expand our networks. In addition, we have revenue from leasing arrangements. Both of these revenue streams are outside of the scope of ASC 606. Interstate access rates are established by a nationwide pooling of companies known as NECA. The FCC established NECA in 1983 to develop and administer interstate access service rates, terms and conditions. Revenues are pooled and redistributed on the basis of a company's actual or average costs. There has been a change in the composition of interstate access charges in recent years, shifting more of the charges to the end user and reducing the amount of access charges paid by the IXC’s. We believe this trend will continue. Intrastate access rates are filed with state regulatory commissions in Minnesota and Iowa. From January 1, 2017 through July 31, 2018 we did not receive funding from the FUSF based on the pooling and redistribution of revenues based on a company's actual or average costs as described above, but instead, elected to receive funding based on the A-CAM as described below. With the acquisition of Scott-Rice on July 31, 2018, see Note 4 – “Acquisitions and Dispositions,” Nuvera now receives FUSF support for Scott-Rice. The remainder of the Company receives funding from A-CAM as mentioned below. Scott-Rice’s settlements from the pools are based on nationwide average schedules. A-Cam/FUSF – Prior to 2017, we received FUSF funding from the FCC. FUSF funding was established to overcome geographical differences in costs of providing voice service and to enable all citizens to communicate over networks regardless of geographical location and/or personal income. In our Form 10-Q for the quarter ended September 30, 2016, Nuvera disclosed that we had elected the A-CAM for our Minnesota and Iowa operations, replacing our former legacy support. Nuvera will receive A-CAM support for a period of ten years in exchange for meeting defined broadband build-out requirements. On May 7, 2018, the FCC issued Public Notice DA 18-465, which contained revised offers of A-CAM support and associated revised service deployment obligations. See above for a discussion regarding A-CAM and FUSF. With the acquisition of Scott-Rice on July 31, 2018, see Note 4 – “Acquisitions and Dispositions,” Nuvera now receives FUSF support for Scott-Rice. The remainder of the Company receives funding from A-CAM. Scott-Rice’s settlements from the NECA pools are based on nationwide average schedules. A-CAM The FUSF was established as part of the TA96 and provides subsidies to communications providers as means of increasing the availability and affordability of advanced communications services. In 2011, significant reform was introduced, including the creation of the CAF, to help modernize the FUSF and promote support of these communications services in the nation’s high-cost areas. In 2016, the FCC announced additional reform to further transition the CAF from supporting the provision of voice services to the provision of broadband services. On March 30, 2016, the FCC issued the 2016 Order that adopts the following changes to the FUSF for rate-of-return carriers: · Establishes a voluntary cost model; · Creates specific broadband deployment obligations; · Provides a mechanism for support of broadband-only deployment; · Gradually reduces the authorized rate-of-return from 11.25 percent to 9.75 percent; · Eliminates support in those local areas served by unsubsidized competitors; · Establishes “glide-path” transition periods for all the new changes; and · Maintains the $2 billion budget established by the 2011 Transformation Order. While the 2011 FUSF Transformation Order established CAF Phase I and CAF Phase II as high-cost support mechanisms for the price-cap carriers (i.e., the larger, national LECs such as Verizon and AT&T), it was not as specific about how subsidies would change for the rate-of-return carriers (i.e., the smaller LECs, including all rural LECs). In contrast, the 2016 Order focused on the rate-of-return carriers, announced specific changes to existing funding mechanisms as well as a new funding mechanism, and provided rural communications providers with greater certainty about future support. One of the major changes introduced by the 2016 Order was the creation of the A-CAM, a new CAF support mechanism for rate-of-return carriers. Utilization of the A-CAM was voluntary; and rate-of-return carriers may have instead chose to continue relying on the legacy support mechanism known as ICLS, but then modified and renamed CAF-BLS. Each carrier needed to decide which support mechanism to elect, and then choose one or the other, per state. In our Form 10-Q for the quarter ended September 30, 2016, Nuvera disclosed that we had elected the A-CAM for our Minnesota and Iowa operations, replacing our former ICLS. Nuvera was eligible to receive A-CAM support for a period of ten years in exchange for meeting defined broadband build-out requirements. At the time of Nuvera’s election, the FCC had not yet determined the final award numbers. Consistent with the stated disclosure in our Form 10-Q, Nuvera notified the FCC that we would continue to elect the A-CAM program. Under the report that accompanied the FCC December 20, 2016 Public Notice, Nuvera would annually receive (i) $391,896 for our Iowa operations and (ii) $6,118,567 for our Minnesota operations. The Company used the annual $6.5 million that we receive through the A-CAM program to meet our defined broadband build-out obligations, which the Company is currently completing. These A-CAM payments replaced the Company’s former ICLS payments. On May 7, 2018, the FCC issued Public Notice DA 18-465, which contained revised offers of A-CAM support and associated revised service deployment obligations. On May 23, 2018, the Company’s BOD authorized and directed the Company to accept the FCC’s revised offer of A-CAM support and the revised associated service deployment obligations. Under the revised FCC offer Notice, the Company was entitled to annually receive (i) $489,870 for its Iowa operations, which was a $97,974 increase per year and (ii) $7,648,208 for its Minnesota operations, which was a $1,529,641 increase per year. The Company used the additional support that it received through the A-CAM program to continue to meet its defined broadband build-out obligations, which the Company is currently completing. A letter of acceptance to elect the revised A-CAM support was filed by the Company with the FCC on May 24, 2018. The FCC accepted the Company’s letter on May 30, 2018. On August 31, 2018 the Company received approximately $3.12 million for the revised A-CAM support. This represented an 18-month true-up for support back to the original election date, and an increased monthly payment representing the new revised A-CAM support offer. On February 25, 2019, the FCC issued Public Notice DA 19-115, which contained revised offers of A-CAM support and associated revised service deployment obligations. On February 27, 2019, the Company’s BOD authorized and directed the Company to accept the FCC’s revised offer of A-CAM support and the revised associated service deployment obligations. Under the revised FCC offer Notice, the Company will be entitled to annually receive (i) $596,084 for its Iowa operations, which was a $106,214 increase per year and (ii) $8,354,481 for its Minnesota operations, which was a $706,273 increase per year. The Company will receive the revised A-CAM offer over the next 10 years starting in 2019. The Company will use the additional support that it receives through the A-CAM program to continue to meet its defined broadband build-out obligations, which the Company is currently completing. A letter of acceptance to elect the revised A-CAM support was filed by the Company with the FCC on March 8, 2019. The FCC accepted the Company’s letter on March 11, 2019. In the second quarter of 2019, the Company received a true-up payment for support back to January 1, 2019 and an increased monthly payment representing the new revised A-CAM support offer. The following table provides information about our receivables, contracts assets and contract liabilities from revenue contracts with our customers: Year Ended December 31, 2019 2018 Accounts receivable, net $ 1,618,555 $ 3,311,629 Contract assets 176,299 - Contract liabilities 609,989 523,296 Contract Assets Contract assets include costs that are incremental to the acquisition of a contract. Incremental costs are those that result directly from obtaining a contract or costs that would not have been incurred if the contract had not been obtained, which primarily relates to sales commissions. In 2019, we expanded our commission plans and began deferring and amortizing these costs over the expected customer life as the contract obligations are satisfied. We determined that the expected customer life is the expected period of benefit as the commission on the renewal contact is not commensurate with the commission on the initial contract. During the years ended December 31, 2019 and 2018, the Company recognized expense of $24,095 and $0, respectively, related to deferred contract acquisition costs. Short-term contract assets are included in current assets under prepaid expenses and other current assets. Long-term contract assets are included in investments and other assets under other assets. Contract Liabilities Contract liabilities include deferred revenues related to advanced payments for services and nonrefundable, upfront service activation and set-up fees, which under the new standard are generally deferred. In addition, contract liabilities include customer deposits that are not recognized into revenue, but are instead returned to the customer after a holding period. Short-term contract liabilities include deferred revenues for advanced payments for managed services and other long-term contracts. This includes the current portion of the deferred revenues that will be recognized monthly within one year. Short-term contract liabilities are included in current liabilities under other accrued liabilities. Long-term contract liabilities include deferred revenues for advanced payments for managed services and other long-term contracts. This includes the portion longer than one year and the corresponding deferred revenues are recognized into revenue on a monthly basis based of the term of the contract. Long-term contract liabilities are included in noncurrent liabilities under other accrued liabilities. We recognized approximately $264 thousand of contract liabilities in 2019 and $79 thousand in 2018. Receivables A receivable is recognized in the period the Company provides goods and services when the Company’s right to consideration is unconditional. Payment terms on invoiced amounts are generally 30-60 days. Performance Obligations ASC 606, Revenue from Contracts with Customers, requires that the Company disclose the aggregate amount of the transaction price that is allocated to remaining performance obligations that are unsatisfied as of December 31, 2019. The guidance provides certain practical expedients that limit this requirement. The service revenue contracts of the Company meet the following practical expedients provided by ASC 606: 1. The performance obligation is part of a contract that has an original expected duration of one year or less. 2. Revenue is recognized from the satisfaction of the performance obligations in the amount billable to the customer in accordance with ASC 606-10-55.18. The Company has elected these practical expedients. Performance obligations related to our service revenue contracts are generally satisfied over time. For services transferred over time, revenue is recognized based on amounts invoiced to the customer as the Company has concluded that the invoice amount directly corresponds with the value of services provided to the customer. Management considers this a faithful depiction of the transfer of control as services are substantially the same and have the same pattern of transfer over the life of the contract. As such, revenue related to unsatisfied performance obligations that will be billed in future periods has not been disclosed.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block [Abstract]
Lessee, Operating Leases [Text Block]	NOTE 3 – LEASES In February 2016, the FASB issued ASU 2016-02, “Leases,” which, together with its related clarifying ASUs, provided revised guidance for lease accounting and related disclosure requirements and established a right-to-use (ROU) model that requires lessees to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. This guidance was effective for us on January 1, 2019. We adopted the standard using the modified retrospective method which applied to leases that exist or were entered into on or after January 1, 2019. The Company elected to utilize the package of practical expedients that allows to 1) not reassess whether any expired or existing contracts are or contain leases, 2) retain the existing classification of lease contracts as of the date of adoption and 3) not reassess initial direct costs for any existing leases. The ASU also requires disclosures to allow financial statement users to better understand the amount, timing and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. On January 1, 2019, upon adoption of ASU 2016-02, the Company recorded an Operating Lease ROU of $599,308, a short-term operating lease liability of $100,844 and a long-term operating lease liability of $498,464. The Company used an estimated incremental borrowing rate of 6%, which approximates our fixed CoBank borrowing rate to determine the inception present value at January 1, 2019. The terms of our leases range from two to seventeen years. The following table includes the ROU and operating lease liabilities as of December 31, 2019. Right of Use Asset Balance Balance Operating Lease right-of-use assets $ 1,558,164 $ 599,308 Operating Lease Liability Balance Balance Short-Term Operating Lease Liability $ 415,949 $ 100,844 Long-Term Operating Lease Liability 1,146,132 498,464 Total $ 1,562,081 $ 599,308 Maturity analysis under these lease agreements are as follows: Maturity Analysis Balance 2020 $ 500,572 2021 290,162 2022 276,299 2023 276,299 2024 164,648 Thereafter 410,595 Total 1,918,575 Less Imputed interest (356,494) Present Value of Operating Leases $ 1,562,081 We amortize our leases over the shorter of the term of the lease or the useful life of the asset. Lease expense for the year ended December 31, 2019 was $428,680.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]	NOTE 4 – ACQUISITIONS AND DISPOSITIONS Scott-Rice Acquisition On July 31, 2018, the Company announced that it had completed its acquisition of Scott-Rice from Allstream Business U.S., LLC, an affiliate of Zayo for approximately $42 million in cash. Scott-Rice provides phone, video and internet services with more than 18,000 connections, serving the communities of Prior Lake, Savage and Elko New Market, Minnesota. The combined Nuvera/Scott-Rice Company had approximately 66,000 connections. Nuvera financed the acquisition with its principal lender, CoBank. Further information regarding the CoBank loan terms and amounts can be found on the Company’s 8-K filed with the SEC on August 3, 2018. The allocation of the acquisition value of Scott-Rice, as determined by an independent valuation firm, is shown below: Current assets $ 810,927 Property, plant and equipment 23,800,000 Customer relationship intangible 13,600,000 Excess costs over net assets acquired (Goodwill) 10,097,680 Current liabilities (370,898) Deferred income taxes (5,532,014) Deferred liabilities (264,814) Purchase price allocation 42,140,881 Less cash acquired (4,388) Total Consideration for Acquisition $ 42,136,493 The acquisition was accounted for using the acquisition method of accounting in accordance with current standards. As a result, the fair value of the consideration paid, which consists of approximately $42 million in cash, has been allocated to the fair value of the assets and liabilities received. The allocation of the purchase price to Scott-Rice’s assets and liabilities was based on estimates of fair values. Criteria have been established in ASC 805, “Business Combinations” for determining whether intangible assets should be recognized separately from goodwill. Based upon our fair value allocation, the excess of the purchase price and acquisition costs over the fair value of the net identifiable tangible assets acquired was $23,697,680, which is not deductible for income tax purposes. The Company recorded an intangible asset related to the acquired company’s customer relationships of $13,600,000. The estimated useful life of the customer relationship intangible is fifteen years. Pro Forma Financial Information On July 31, 2018, Nuvera completed the acquisition of Scott-Rice. The following pro forma results presented are for the years ended December 31, 2019 and 2018 as if the acquisition had been completed on January 1, 2018. The Company has provided this pro forma condensed Statement of Income to facilitate analysis of the Statement of Income. The pro forma statements do not reflect any effect of operating efficiencies, cost savings and other benefits anticipated by the Company’s management as a result of the acquisition. Year Ended December 31, 2019 2018 Revenue $ 64,941,341 $ 65,351,118 Net Income $ 8,329,979 $ 8,761,920 Basic Net Income Per Share $ 1.61 $ 1.69 Diluted Net Income Per Share $ 1.60 $ 1.69

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of December 31, 2019 and 2018, include the following: 2019 2018 Communications Plant: Land $ 712,503 $ 712,503 Buildings 10,612,823 10,579,247 Other Support Assets 17,418,983 15,890,991 Central Office and Circuit Equipment 55,273,657 53,652,481 Cable and Wire Facilities 74,402,816 69,700,385 Other Plant and Equipment 404,883 404,883 Plant Under Construction 4,804,731 2,197,805 163,630,396 153,138,295 Other Property 23,301,293 21,705,180 Video Plant 10,732,919 10,541,648 Total Property, Plant and Equipment $ 197,664,608 $ 185,385,123 Depreciation is computed using the straight-line method based on the estimated service or remaining useful lives of the various classes of depreciable assets. Depreciation expense was $8,797,091 and $7,585,225 in 2019 and 2018. The composite depreciation rates on communications plant and equipment for the two years ended December 31, 2019 and 2018 were 4.6% and 4.2%. Other property and video plant is depreciated over estimated useful lives of three to twenty-five years.

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 6 - GOODWILL AND INTANGIBLES We account for goodwill and other intangible assets under GAAP. Under GAAP, goodwill and intangible assets with indefinite useful lives are not amortized, but are instead tested for impairment (i) on at least an annual basis and (ii) when changes in circumstances indicate that the fair value of goodwill may be below its carrying value. Our goodwill totaled $49,903,029 at December 31, 2019 and 2018. As required by GAAP, we do not amortize goodwill and other intangible assets with indefinite lives, but test for impairment on an annual basis or earlier if an event occurs or circumstances change that would reduce the fair value of a reporting unit below its carrying amount. These circumstances include, but are not limited to (i) a significant adverse change in the business climate, (ii) unanticipated competition or (iii) an adverse action or assessment by a regulator. Determining impairment involves estimating the fair value of a reporting unit using a combination of (i) the income or DCF approach and (ii) the market approach that utilizes comparable companies’ data. If the carrying amount of a reporting unit exceeds its fair value, the amount of the impairment loss must be measured. The impairment loss is calculated by comparing the implied fair value of the reporting unit’s goodwill to its carrying amount. In calculating the implied fair value of the reporting unit’s goodwill, the fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit. The excess of the fair value of a reporting unit over the amount assigned to its other assets and liabilities is the implied value of goodwill. We recognize impairment loss when the carrying amount of goodwill exceeds its implied fair value. In 2019 and 2018, we engaged an independent valuation firm to aid in the completion of our annual impairment testing for existing goodwill. For 2019 and 2018, the testing results indicated no impairment charge to goodwill as the determined fair value was sufficient to pass the first step of the impairment test. Our intangible assets subject to amortization consist of acquired customer relationships, regulatory rights and trade names. We amortize intangible assets with finite lives over their respective estimated useful lives. Identifiable intangible assets that are subject to amortization are evaluated for impairment. In addition, we periodically reassess the carrying value, useful lives and classifications of our identifiable intangible assets. The components of our identified intangible assets are as follows: December 31, 2019 December 31, 2018 Gross Carrying Amount Gross Carrying Amount Useful Lives Accumulated Amortization Accumulated Amortization Definite-Lived Intangible Assets Customers Relationships 14-15 yrs $ 42,878,445 $ 22,815,928 $ 42,878,445 $ 19,820,843 Regulatory Rights 15 yrs 4,000,000 3,199,971 4,000,000 2,933,307 Trade Name 3-5 yrs 880,106 657,402 880,106 595,381 Indefinitely-Lived Intangible Assets Video Franchise 3,000,000 - 3,000,000 - Total $ 50,758,551 $ 26,673,301 $ 50,758,551 $ 23,349,531 Net Identified Intangible Assets $ 24,085,250 $ 27,409,020 Amortization expense related to the definite-lived assets was $3,323,771 for 2019 and $2,758,242 for 2018. Amortization expense for the next five years is estimated to be: 2020 $ 3,323,771 2021 $ 3,323,726 2022 $ 1,952,376 2023 $ 1,660,295 2024 $ 1,623,654

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	NOTE 7 - LONG-TERM DEBT On July 31, 2018, we entered into an Amended and Restated MLA with CoBank. This MLA refinanced the existing credit facility between CoBank and Nuvera and its subsidiaries. Nuvera and its respective subsidiaries also have entered into security agreements under which substantially all the assets of Nuvera and its respective subsidiaries have been pledged to CoBank as collateral. In addition, Nuvera and its respective subsidiaries have guaranteed all the obligations under the credit facility. These mortgage notes are required to be paid in quarterly installments covering principal and interest, beginning in the year of issue and maturing on July 31, 2025. Secured Credit Facility: MLA RX0583 ● RX0583(A)-T4 - $64,550,000 term note with interest payable quarterly. Final maturity date of this note is July 31, 2025. Twenty-eight quarterly principal payments of $1,152,600 are due commencing September 30, 2018 through June 30, 2025. A final balloon payment of $32,277,200 is due at maturity of this note on July 31, 2025. ● RX0583(A)-T5 - $10,000,000 revolving note with interest payable quarterly. Final maturity date of this note is July 31, 2025. We currently have drawn $0 on this revolving note as of December 31, 2019. RX0583(A)-T4 and RX0583(A)-T5 initially bear interest at a “LIBOR Margin” rate equal to 3.25 percent over the applicable LIBOR rate. The LIBOR Margin decreases as our “Leverage Ratio” decreases. We generally use variable-rate debt to finance our operations, capital expenditures and acquisitions. These variable-rate debt obligations expose us to variability in interest payments due to changes in interest rates. The terms of our credit facility with CoBank require that we enter into interest rate agreements designed to protect us against fluctuations in interest rates, in an aggregate principal amount and for a duration determined under the credit facility. As described in Note 8 – “Interest Rate Swaps,” on August 1, 2018 we entered into an IRSA with CoBank covering 25 percent of our existing debt balance or $16,137,500 of our aggregate indebtedness to CoBank at August 1, 2018. As of December 31, 2019, our IRSA covered $14,408,600, with a weighted average rate of 6.02%. As described in Note 8 – “Interest Rate Swaps,” on August 29, 2019 we entered into a second IRSA with CoBank covering an additional $42,000,000 of our aggregate indebtedness to CoBank at August 29, 2019. As of December 31, 2019, our IRSA covered $40,384,734, with a weighted average rate of 4.25%. Our remaining debt of $11.3 million ($10.0 million available under the revolving credit facilities and $1.3 million currently outstanding) remains subject to variable interest rates at an effective weighted average interest rate of 4.79%, as of December 31, 2019. Our loan agreements include restrictions on our ability to pay cash dividends to our stockholders. However, we are allowed to pay dividends (a) (i) in an amount up to $2,700,000 in any year if our “Total Leverage Ratio,” that is, the ratio of our “Indebtedness” to “EBITDA” – as defined in the loan documents is greater than 2.00 to 1.00, and (ii) in any amount if our Total Leverage Ratio is less than 2.00 to 1.00, and (b) in either case, if we are not in default or potential default under the loan agreements. Our current Total Leverage Ratio at December 31, 2019 is 2.18. Our credit facility requires us to comply with specified financial ratios and tests. These financial ratios include total leverage ratio, debt service coverage ratio, equity to total assets ratio and annual maximum aggregate capital expenditures. At December 31, 2019, we were in compliance with all the stipulated financial ratios in the loan agreements. There are security and loan agreements underlying our current CoBank credit facility that contain restrictions on our distributions to stockholders and investment in, or loans, to others. Also, our credit facility contains restrictions that, among other things, limits or restricts our ability to enter into guarantees and contingent liabilities, incur additional debt, issue stock, transact asset sales, transfers or dispositions, and engage in mergers and acquisitions, without CoBank approval. Long-term debt is as follows: 2019 2018 Secured seven-year reducing credit facility to CoBank, ACB, in $ 56,134,400 $ 62,244,800 Secured seven-year revolving credit facility of up to $10,000,000 to - - Less: Unamortized Loan Fees (550,270) (648,826) 55,584,130 61,595,974 Less: Amount due within one year (4,610,400) (4,610,400) Less: Current Portion of Unamortized Loan Fees (98,556) (98,556) Total Long Term Debt $ 51,072,286 $ 57,084,130 Required principal payments for the next five years are as follows: 2020 $ 4,610,400 2021 $ 4,610,400 2022 $ 4,610,400 2023 $ 4,610,400 2024 $ 4,610,400

INTEREST RATE SWAPS

INTEREST RATE SWAPS	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Financial Instruments Disclosure [Text Block]	NOTE 8 – INTEREST RATE SWAPS We assess interest rate cash flow risk by continually identifying and monitoring changes in interest rate exposures that may adversely affect expected future cash flows and by evaluating hedging opportunities. We generally use variable-rate debt to finance our operations, capital expenditures and acquisitions. These variable-rate debt obligations expose us to variability in interest payments due to changes in interest rates. The terms of our credit facility with CoBank required that we enter into interest rate agreements designed to protect us against fluctuations in interest rates, in an aggregate principal amount and for a duration determined under the credit facility. To meet this objective, on August 1, 2018 we entered into an IRSA with CoBank covering 25 percent of our existing outstanding debt balance or $16,137,500 of our aggregate indebtedness to CoBank at August 1, 2018. This swap effectively locked in the interest rate on 25 percent of our variable-rate debt through July 2025. Under this IRSA, we have changed the variable-rate cash flow exposure on the debt obligations to fixed cash flows. Under the terms of the IRSA, we pay a fixed contractual interest rate and (i) make an additional payment if the LIBOR variable rate payment is below a contractual rate or (ii) receive a payment if the LIBOR variable rate payment is above the contractual rate. On August 29, 2019 we entered into a second IRSA with CoBank covering an additional $42,000,000 of our aggregate indebtedness to CoBank at August 29, 2019. The swap effectively locked in a significant portion of our variable-rate debt through July 2025. Under this IRSA, we have changed the variable rate cash flow exposure on the debt obligations to fixed cash flows. Under the terms of the IRSA, we pay a fixed contractual interest rate and (i) make an additional payment if the LIBOR variable rate payment is below a contractual rate or (ii) receive a payment if the LIBOR variable rate payment is above the contractual rate. Each month, we make interest payments to CoBank under its loan agreements based on the current applicable LIBOR Rate plus the contractual LIBOR margin then in effect with respect to the loan, without reflecting our IRSAs. At the end of each calendar month, CoBank adjusts our aggregate interest payments based on the difference, if any, between the amounts paid by us during the month and the current effective interest rate. Net interest payments are reported in our consolidated income statement as interest expense. As of December 31, 2019 we had the following IRSA in effect. Loan # Maturity Date Notional Amount Effective Interest Rate (1) RX0583-T4 07/31/2025 $14,408,600 6.02% (LIBOR Rate of 3.02% plus 3.00% LIBOR Margin) RX0583-T4 07/31/2025 $40,384,734 4.25% (LIBOR Rate of 1.25% plus 3.00% LIBOR Margin) (1) As described in Note 7 – “Long-Term Debt,” the notes above initially bears interest at a LIBOR rate determined by the maturity of the note, plus a “LIBOR Margin” rate equal to a maximum of 3.25% according to the individual secured credit facility. The LIBOR Margin decreases as the borrower’s “Leverage Ratio” decreases. The “Current Effective Interest Rate” in the table reflects the rate we pay giving effect to the swaps. Our IRSAs under our credit facilities both qualify as a cash flow hedges for accounting purposes under GAAP. We reflect the effect of these hedging transactions in the financial statements. The unrealized gain/loss is reported in other comprehensive income. If we terminate our IRSAs, the cumulative change in fair value at the date of termination would be reclassified from accumulated other comprehensive income, which is classified in stockholders’ equity, into earnings on the consolidated statements of income. The fair value of the Company’s IRSAs were determined based on valuations received from CoBank and were based on the present value of expected future cash flows using discount rates appropriate with the terms of the IRSAs. The fair value indicates an estimated amount we would be required to pay if the contracts were canceled or transferred to other parties. At December 31, 2019, the fair value liability of these swaps were $260,418, which has been recorded net of deferred tax benefit of $74,323, resulting in the $186,095 in accumulated other comprehensive loss. At December 31, 2018, the fair value liability of these swaps were $407,250, which has been recorded net of deferred tax benefit of $116,230, resulting in the $291,021 in accumulated other comprehensive loss.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 9 - INCOME TAXES Income taxes recorded in our consolidated statements of income consists of the following: 2019 2018 Taxes currently payable Federal $ 1,899,170 $ 1,938,686 State 1,122,935 1,371,757 Deferred Income Taxes 287,362 128,017 Total Income Tax Expense $ 3,309,467 $ 3,438,460 We account for income taxes in accordance with GAAP, which requires an asset and liability approach to financial accounting and reporting for income taxes. As required by GAAP, we recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. As of December 31, 2019 we had no unrecognized tax benefits. We are primarily subject to United States, Minnesota, Iowa, Nebraska, North Dakota and Wisconsin income taxes. Tax years subsequent to 2015 remain open to examination by federal and state tax authorities. Our policy is to recognize interest and penalties related to income tax matters as income tax expense. As of December 31, 2019 and 2018 we had no interest or penalties accrued that related to income tax matters. The differences between the statutory federal tax rate and the effective tax rate were as follows: 2019 2018 Statutory Tax Rate 21.00 % 21.00 % Effect of: State Income Taxes Net of Federal Tax Benefit 8.43 9.10 Permanent Differences and Other, Net (1.00) 0.60 Effective tax rate 28.43 % 30.70 % Deferred income taxes and unrecognized tax benefits reflected in our consolidated balance sheets are summarized as follows: 2019 2018 Deferred Tax Assets Accrued Expenses $ (549,280) $ (523,602) Deferred Compensation (305,739) (179,622) Other (174,568) (228,979) State NOL (249,531) (380,409) Leases (445,889) - Total Deferred Tax Assets (1,725,007) (1,312,612) Deferred Tax Liabilities Fixed Assets 10,766,047 9,598,235 Intangible Assets 5,974,142 6,898,752 Investments 959,779 956,414 Contract Assets 50,324 - Leases 444,770 - Total Deferred Tax Liabilities: 18,195,062 17,453,401 Total Net Deferred Taxes $ 16,470,055 $ 16,140,789

RETIREMENT PLAN

RETIREMENT PLAN	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 10 - RETIREMENT PLAN We have a 401(k) employee savings plan in effect for employees who meet age and service requirements. Our contributions to our 401(k) employee savings plan were $692,655 and $539,584 in 2019 and 2018.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 11 – COMMITMENTS AND CONTINGENCIES We are involved in certain contractual disputes in the ordinary course of business. We do not believe the ultimate resolution of any of these existing matters will have a material adverse effect on our financial position, results of operations or cash flows. We did not experience any changes to material contractual obligations in the year ended December 31, 2019. Our capital budget for 2020 is approximately $13.8 million and will be financed through internally generated funds.

NONCASH INVESTING ACTIVITIES

NONCASH INVESTING ACTIVITIES	12 Months Ended
	Dec. 31, 2019
Noncash Investing [Abstract]
Noncash Investing [Text Block]	NOTE 12 - NONCASH INVESTING ACTIVITIES Noncash investing activities included $225,548 and $533,043 during the years ended December 31, 2019 and 2018. These activities related to plant and equipment additions placed in service and are recorded in our accounts payable at year-end.

OTHER INVESTMENTS

OTHER INVESTMENTS	12 Months Ended
	Dec. 31, 2019
Other Investments [Abstract]
OtherInvestmentsTextBlock	NOTE 13 – OTHER INVESTMENTS We are a co-investor with other communication companies in several partnerships and limited liability companies. These joint ventures make it possible to offer services to customers, including digital video services and fiber-optic transport services that we would have difficulty offering on our own. These joint ventures also make it possible to invest in new technologies with a lower level of financial risk. We recognize income and losses from these investments on the equity method of accounting. For a listing of our investments, see Note 17 – “Segment Information.” The FASB requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. As of December 31, 2019, we recorded a loss on one of our investments of $104,044.

GUARANTEES

GUARANTEES	12 Months Ended
	Dec. 31, 2019
Guarantees [Abstract]
Guarantees [Text Block]	NOTE 14 - GUARANTEES Nuvera has guaranteed a portion of a ten-year loan owed by FiberComm, LC set to mature on April 30, 2026. As of December 31, 2019, we have recorded a liability of $319,346 in connection with the guarantee on this loan. This guarantee may be exercised if FiberComm, LC does not make its required payments on this note.

DEFERRED COMPENSATION

DEFERRED COMPENSATION	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Compensation and Employee Benefit Plans [Text Block]	NOTE 15 – DEFERRED COMPENSATION As of December 31, 2019 and 2018, we have recorded other deferred compensation relating to executive compensation payable to certain former executives of the Company and certain former executives of past acquisitions.

RESTRICTED STOCK UNITS

RESTRICTED STOCK UNITS	12 Months Ended
	Dec. 31, 2019
Restricted Stock Unit [Abstract]
Restricted Stock Unit [Text Block]	NOTE 16 – RESTRICTED STOCK UNITS On February 24, 2017, our BOD adopted the 2017 Omnibus Stock Plan (2017 Plan) effective May 25, 2017. The shareholders of the Company approved the 2017 Plan at the May 25, 2017 Annual Meeting of Shareholders. The purpose of the 2017 Plan was to enable Nuvera and its subsidiaries to attract and retain talented and experienced people, closely link employee compensation with performance realized by shareholders, and reward long-term results with long-term compensation. The 2017 Plan enables the Company to grant stock incentive awards to current and new employees, including officers, and to Board members and service providers. The 2017 Plan permits stock incentive awards in the form of options (incentive and non-qualified), stock appreciation rights, restricted stock, RSUs, performance stock, performance units, and other awards in stock or cash. The 2017 Plan permits the issuance of up to 625,000 shares of our Common Stock in any of the above stock awards. As of March 16, 2020, 583,244 shares remain available to be issued under the 2017 Plan. Starting in 2017 and each subsequent year following 2017, our BOD and Compensation Committee granted awards to the Company’s executive officers under the 2017 Plan. We recognize share-based compensation expense for these RSUs over the vesting period of the RSUs which is determined by our BOD. Forfeitures of RSU’s are accounted for as they occur. Each executive officer received or will receive time-based RSUs and performance-based RSUs. The time-based RSUs are computed as a percentage of the executive officer’s base salary based on the closing price of Company common stock on a date set by the BOD, and will vest over a three-year period based on the executive officer being employed by the Company on the vesting date. The performance-based RSUs are also computed as a percentage of the executive officer’s base salary based on the closing price of Company common stock on a date set by the BOD, and will vest over a three-year period based on the Company attaining an average Return on Invested Capital (ROIC) over that three-year period. The ROIC target is set by the BOD. Executive officers may earn more or less performance-based RSU’s based on if the actual ROIC over the time period is more or less than target. Upon vesting of either time-based or performance-based RSUs, the executive officers will be able to receive Common Stock in the Company in exchange for the RSUs. RSUs currently issued and outstanding are as follows: Targeted Performance-Based RSU's Closing Stock Price Time-Based RSU's Vesting Date Balance at December 31, 2016 - - Issued 6,077 - $ 13.00 12/31/2019 Excercised - - Forfeited - - Balance at December 31, 2017 6,077 - Issued 4,044 5,750 $ 17.00 12/31/2020 Excercised - - Forfeited (1,404) (750) Balance at December 31, 2018 8,717 5,000 Issued 3,172 4,781 $ 19.26 12/31/2021 Issued 1,913 - $ 20.00 12/31/2022 Excercised (4,399) - $ 18.50 12/10/2019 Forfeited (1,024) - Balance at December 31, 2019 8,379 9,781

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 17 – SEGMENT INFORMATION We operate in the Communications Segment and have no other significant business segments. The Communications Segment consists of voice, data and video communication services delivered to the customer over our local communications network. No single customer accounted for a material portion of our consolidated revenues in any of the last two years. The Communications Segment operates the following ILECs and CLECs and has investment ownership interests as follows: Communications Segment ● ILECs: ▪ Nuvera Communications, Inc., the parent company; ▪ Hutchinson Telephone Company, a wholly-owned subsidiary of Nuvera; ▪ Peoples Telephone Company, a wholly-owned subsidiary of Nuvera; ▪ Scott-Rice Telephone Co., a wholly-owned subsidiary of Nuvera; ▪ Sleepy Eye Telephone Company, a wholly-owned subsidiary of Nuvera; ▪ Western Telephone Company, a wholly-owned subsidiary of Nuvera; ● CLECs: ▪ Nuvera, located in Redwood Falls, Minnesota; and ▪ Hutchinson Telecommunications, Inc., a wholly-owned subsidiary of HTC, located in Litchfield and Glencoe, Minnesota; ● Our investments and interests in the following entities include some management responsibilities: ▪ ▪ ▪ ▪

BROADBAND GRANTS

BROADBAND GRANTS	12 Months Ended
	Dec. 31, 2019
Broadband Grants [Abstract]
Broadband Grants [Text Block]	NOTE 18 – BROADBAND GRANTS In January 2017, the Company was awarded a broadband grant from the Minnesota Department of Employment Development (DEED). The grant provided up to 45% of the total cost of building fiber connections to homes and businesses for improved high-speed internet in unserved or underserved communities and businesses in the Company’s service area. The Company was eligible to receive $850,486 of the $1,889,968 total project costs. The Company provided the remaining 55% matching funds. As of December 31, 2019, the Company has received $765,465. These projects were completed below the awarded project costs and final documentation was provided to the DEED office in October 2018. In November 2017, the Company was awarded a broadband grant from the DEED. The grant provided up to 42.6% of the total cost of building fiber connections to homes and businesses for improved high-speed internet in unserved or underserved communities and businesses in the Company’s service area. The Company was eligible to receive $736,598 of the $1,727,998 total project costs. The Company provided the remaining 57.4% matching funds. Construction and expenditures for these projects began in 2018. We have not yet received any funds for these projects as of December 31, 2019.

TRANSACTIONS WITH EQUITY METHOD

TRANSACTIONS WITH EQUITY METHOD INVESTMENTS	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Note 19 – Transactions with equity method investments We receive and provide services to various partnerships and limited liability companies where we are an investor. Services received include digital video, special access and communications circuits. Services provided include BOD meeting attendance, labor, Internet help desk services and management services. Cost of services we receive from affiliated parties may not be the same as the costs of such services had they been obtained from different parties. Total revenues from transactions with affiliates were $1,028,636 and $1,090,464 for 2019 and 2018. Total expenses from transactions with affiliates were $512,953 and $520,044 for 2019 and 2018.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 20 -- SUBSEQUENT EVENTS Nuvera’s BOD has declared a regular quarterly dividend on our common stock of $.13 per share, payable on March 16, 2020 to stockholders of record at the close of business on March 5, 2020. In February of 2020, Nuvera amended its MLA with CoBank to update and expand its interest rate structure. See Exhibit 10.24 to the Consolidated Financial Statements of this Annual Report on Form 10-K for more information regarding this amendment. In January 2020, the Company was awarded a broadband grant from the DEED. The grant will provide up to 36.5% of the total cost of building fiber connections to homes and businesses for improved high-speed internet in unserved or underserved communities and businesses in the Company’s service area. The Company is eligible to receive $730,000 of the approximately $2,000,000 total project costs. The Company will provide the remaining 63.5% matching funds. Construction and expenditures for these projects will begin in the spring of 2020. We have not yet received any funds for these projects as of the date of the filing of this Form 10-K. We have evaluated and disclosed subsequent events through the filing date of this Annual Report on Form 10-K.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Description Of Business [Policy Text Block]	Description of Business Nuvera is a diversified communications company headquartered in New Ulm, Minnesota with more than 114 years of experience in the local telephone exchange and communications business. Our principal line of business is the operation of six local telephone companies and the operation of two CLEC telephone companies. Our businesses consist of connecting customers to our state-of-the-art, fiber-rich communications network, providing managed services, switched service and dedicated private lines, connecting customers to long distance service providers and providing many other services associated with our company. Our businesses also provide IPTV, CATV, Internet access services, including high-speed broadband access, and long distance service. We also install and maintain communications systems to the areas in and around our service territories in southern Minnesota and northern Iowa.
Basis Of Presentation And Principles Of Consolidation [Policy Text Block]	Basis of Presentation and Principles of Consolidation Our accounting policies conform with GAAP and rules and regulations of the SEC and, where applicable, conform to the accounting principles as prescribed by federal and state telephone utility regulatory authorities. We presently give accounting recognition to the actions of regulators where appropriate in preparing general purpose financial statements for most public utilities. In general, the type of regulation covered by this statement permits rates (prices) for some services to be set at levels intended to recover the estimated costs of providing regulated services or products, including the cost of capital (interest costs and a provision for earnings on stockholders’ investments). Our consolidated financial statements report the financial condition and results of operations for Nuvera and its subsidiaries in one business segment: the Communications Segment. Inter-company transactions have been eliminated from the consolidated financial statements.
Classification Of Costs And Expenses [Policy Text Block]	Classification of Costs and Expenses Cost of services includes all costs related to delivery of communication services and products. These operating costs include all costs of performing services and providing related products including engineering, network monitoring and transportation costs. Selling, general and administrative expenses include direct and indirect selling expenses, customer service, billing and collections, advertising and all other general and administrative costs associated with the operations of the business.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of our consolidated financial statements in conformity with GAAP requires our management to make estimates and judgements that affect the reported amounts of assets, liabilities, revenue and expenses, and the related disclosure of contingent assets and liabilities. The estimates and judgements used in the accompanying consolidated financial statements are based on our management’s evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results may differ from those estimates and assumptions.
Revenue [Policy Text Block]	Revenue Recognition See Note 2 – “Revenue Recognition” for a discussion of our revenue recognition policies.
Receivable [Policy Text Block]	Receivables As of December 31, 2019 and 2018, our consolidated receivables totaled $2,356,742 and $3,977,322, net of the allowance for doubtful accounts. We believe our receivables as of December 31, 2019 and 2018 are recorded at their fair value. As there may be exposure or risk with receivables, we routinely monitor our receivables and adjust the allowance for doubtful accounts when events occur that may potentially affect the collection of our receivables.
Allowance For Doubtful Accounts [Policy Text Block]	Allowance for Doubtful Accounts We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. In making the determination of the appropriate allowance for doubtful accounts, we consider specific accounts, historical write-offs, changes in customer relationships, credit worthiness and concentrations of credit risk. Specific accounts receivable are written off once a determination is made that the account is uncollectible. Additional allowances may be required if the financial condition of our customers were to deteriorate, resulting in an impairment of their ability to make payments. The activity in our allowance for doubtful accounts includes the following: Year Ended December 31 2019 2018 Balance at beginning of year $ 113,000 $ 83,000 Additions charged to costs and expenses 255,491 202,420 Accounts written off, net of recoveries (248,491) (172,420) Balance at end of year $ 120,000 $ 113,000
Inventory, Policy [Policy Text Block]	Inventories Inventory includes parts, materials and supplies stored in our warehouses to support basic levels of service and maintenance as well as scheduled capital projects and equipment awaiting configuration for customers. Inventory also includes (i) parts and equipment shipped directly from vendors to customer locations while in transit and (ii) parts and equipment returned from customers that are being returned to vendors for credit. Our inventory value as of December 31, 2019 and 2018 was $2,827,159 and $2,581,389. We value inventory using the lower of cost or net realizable value. Similar to our allowance for doubtful accounts, we make estimates related to the valuation of inventory. As of December 31, 2019 and 2018, we had no inventory reserve. We adjust our inventory carrying value for estimated obsolescence or unmarketable inventory to the net realizable value based upon assumptions about future demand and market conditions. As market and other conditions change, we may establish additional inventory reserves at a time when the facts that give rise to a lower value are warranted. We use the first-in, first-out method of inventory costing for our non-retail inventory. We use the average cost method of inventory costing for our retail inventory.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements We have adopted the rules prescribed under GAAP for our financial assets and liabilities. GAAP includes a fair value hierarchy that is intended to increase consistency and comparability in fair value measurements and related disclosures. The fair value hierarchy is based on inputs to valuation techniques used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources, while unobservable inputs reflect a reporting entity’s pricing based upon its own market assumptions. The fair value hierarchy consists of the following three levels: Level 1: Inputs are quoted prices in active markets for identical assets or liabilities. Level 2: Inputs are quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market–corroborated inputs that are derived principally from or corroborated by observable market data. Level 3: Inputs are derived from valuation techniques where one or more significant inputs or value drivers are unobservable. We have used financial derivative instruments to manage our overall cash flow exposure to fluctuations in interest rates. We accounted for derivative instruments in accordance with GAAP that requires derivative instruments to be recorded on the balance sheet at fair value. Changes in fair value of derivative instruments must be recognized in earnings unless specific hedge accounting criteria are met, in which case, the gains and losses are included in other comprehensive income rather than in earnings. We have entered into IRSAs with our lender CoBank to manage our cash flow exposure to fluctuations in interest rates. These instruments are designated as a cash flow hedges and are effective at mitigating the risk of fluctuations on interest rates in the market place. Any gains or losses related to changes in the fair value of these derivatives are accounted for as a component of accumulated other comprehensive income (loss) for as long as the hedges remain effective. The fair value of our IRSAs is discussed in Note 8 – “Interest Rate Swaps.” The fair value of our swap agreements were determined based on Level 2 inputs.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment We record impairment losses on long-lived assets used in operations when events and circumstances indicate the assets might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. In assessing the recoverability of long-lived assets, we compare the carrying value to the undiscounted future cash flows the assets are expected to generate. If the total of the undiscounted future cash flows is less than the carrying amount of the assets, we would write down those assets based on the excess of the carrying amount over the fair value of the assets. Fair value is generally determined by calculating the discounted future cash flows expected from those assets. Changes in these estimates could have a material adverse effect on the assessment of long-lived assets, thereby requiring a write-down of the assets. Write-downs of long-lived assets are recorded as impairment charges and are a component of operating expenses. We have reviewed our long-lived assets and concluded that no impairment charge on our long-lived assets is necessary. We use the group life method (mass asset accounting) to depreciate the assets of our telephone companies. Telephone plant acquired in a given year is grouped into similar categories and depreciated over the remaining estimated useful life of the group. When an asset is retired, both the asset and the accumulated depreciation associated with that asset are removed from the books. Due to rapid changes in technology, selecting the estimated economic life of communications plant and equipment requires a significant amount of judgment. We periodically review data on expected utilization of new equipment, asset retirement activity and net salvage values to determine adjustments to our depreciation rates. We have not made any significant changes to the lives of these assets in the two year period ended December 31, 2019.
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Intangible Assets We amortize our definite-lived intangible assets over their estimated useful lives. Customer relationships are amortized over fourteen to fifteen years, regulatory rights are amortized over fifteen years and trade names are amortized over three to five years. Intangible assets with finite lives are amortized over their respective estimated useful lives. In accordance with GAAP, goodwill and intangible assets with indefinite useful lives are not amortized, but tested for impairment at least annually. See Note 6 – “Goodwill and Intangibles” for a more detailed discussion of the intangible assets and goodwill. Our goodwill balance was $49,903,029 as of December 31, 2019 and 2018. In the fourth quarter of 2019 and 2018 we completed our annual impairment tests for existing acquired goodwill. This testing resulted in no impairment charges to goodwill at December 31, 2019 and 2018.
Investments And Other Assets [Policy Text Block]	Investments and Other Assets We are a co-investor with other communication companies in several partnerships and limited liability companies. These joint ventures make it possible to offer services to customers, including digital video services and fiber-optic transport services that we would have difficulty offering on our own. These joint ventures also make it possible to invest in new technologies with a lower level of financial risk. We use the equity method of accounting for these investments that reflects original cost and recognition of our share of the net income or losses from the respective operations. See Note 17 – “Segment Information” for a listing of our investments. Investments in other companies that are not intended for resale and are not accounted for on the equity method of accounting are valued at fair value where there are readily determinable fair values. Investments in other companies that are not intended for resale and are not accounted for on the equity method of accounting are valued at cost where there are no readily determinable fair values. See Note 13 – “Other Investments” for additional information regarding our investments.
Other Financial Instruments [Policy Text Block]	Other Financial Instruments Other Investments – We conducted an evaluation of our investments in all of our investees in connection with the preparation of our audited financial statements at December 31, 2019. We believe the carrying value of our investments is not impaired. Debt – We estimate the fair value of our long-term debt based on the discounted future cash flows we expect to pay using current rates of borrowing for similar types of debt. Fair value of the debt approximates carrying value. Other Financial Instruments – Our financial instruments also include cash equivalents, trade accounts receivable and accounts payable where the current carrying amounts approximate fair market value.
Advertising Cost [Policy Text Block]	Advertising Expense Advertising is expensed as incurred. Advertising expense charged to operations was $364,932 and $312,674 in 2019 and 2018.
Interest During Construction [Policy Text Block]	Interest During Construction We include an average cost of debt for the construction of plant in our communications plant accounts.
Income Tax, Policy [Policy Text Block]	Income Taxes We account for income taxes in accordance with GAAP, which requires an asset and liability approach to financial accounting and reporting for income taxes. Accordingly, deferred tax assets and liabilities arise from the difference between the tax basis of an asset or liability and its reported amount in the financial statements and operating and tax credit carryforwards. Deferred tax assets and liabilities are determined using enacted tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. We recognize interest and penalties related to income tax matters as income tax expense. Income tax expense or benefit is the tax payable or refundable, respectively, for the period plus or minus the change in deferred tax assets and liabilities during the period. GAAP requires us to recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. See Note 9 – “Income Taxes” for additional information regarding income taxes.
Collection Of Taxes From Customers [Policy Text Block]	Collection of Taxes from Customers Sales, excise and other taxes are imposed on most of our sales to nonexempt customers. We collect these taxes from our customers and remit the entire amounts to governmental authorities. Our accounting policies dictate that we exclude these taxes collected and remitted from our revenues and expenses.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash investments and receivables. We deposit our cash investments in high credit quality financial institutions accounts which, at times, may exceed federally insured limits. We have not experienced any losses in these accounts and do not believe we are exposed to any significant credit risk. Concentrations of credit risk with respect to trade receivables are limited due to our large number of customers.
Earnings And Dividends Per Share [Policy Text Block]	Earnings and Dividends Per Share Basic and diluted net income per share are calculated as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Basic Diluted Basic Diluted Net Income $ 8,329,979 $ 8,329,979 $ 7,763,919 $ 7,763,919 Weighted-average common 5,184,663 5,193,449 5,170,895 5,174,184 Net income per share $ 1.61 $ 1.60 $ 1.50 $ 1.50 The weighted-average shares outstanding, basic and diluted, are calculated as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Basic Diluted Basic Diluted Weighted-average common 5,184,663 5,184,663 5,170,895 5,170,895 Potentially Dilutive RSU's - 8,786 - 3,289 Weighted-average common 5,184,663 5,193,449 5,170,895 5,174,184 Dividends per share have been declared quarterly by the Nuvera BOD.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Developments In August, 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2017-12 (ASU 2017-12), “Targeted Improvements to Accounting for Hedging Activities.” ASU 2017-12 amends current guidance on accounting for hedges mainly to align more closely an entity’s risk management activities and financial reporting relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. In addition, amendments in ASU 2017-12 simplify the application of hedge accounting by allowing effectiveness assessments to be performed on a qualitative basis after hedge inception. The new guidance is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. The Company adopted ASU 2017-12 as of January 1, 2019 and is applying the guidance to our hedging activities. The new guidance did not have a material effect on our overall operations. In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and other (Topic 350).” ASU 2017-04 simplifies the accounting for goodwill impairment and removes Step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value limited to the total amount of goodwill allocated to that reporting unit. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. The same one-step impairment test will be applied to goodwill at all reporting units, even those with zero or negative carrying amounts. The amendments in this update should be applied on a prospective basis. ASU 2017-04 is effective for the Company beginning January 1, 2021. Early adoption is permitted. Management is evaluating the impact the adoption of ASU 2017-04 will have on the Company’s financial statements (if any). In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires entities to use a new forward-looking, expected loss model to estimate credit losses. It also requires additional disclosures relating to the credit quality of trade and other receivables, including information relating to management’s estimate of credit allowances. The Company is required to adopt ASU 2016-13 for fiscal periods beginning after December 15, 2022, including interim periods within that fiscal year. Early adoption as of December 15, 2018 was permitted. Management is evaluating the impact the adoption of ASU 2016-13 will have on the Company’s financial statements (if any). We have reviewed all other significant newly issued accounting pronouncements and determined they are either not applicable to our business or that no material effect is expected on our financial position and results of operations.

BUSINESS DESCRIPTION AND SUMM_2

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	Year Ended December 31 2019 2018 Balance at beginning of year $ 113,000 $ 83,000 Additions charged to costs and expenses 255,491 202,420 Accounts written off, net of recoveries (248,491) (172,420) Balance at end of year $ 120,000 $ 113,000
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended December 31, 2019 Year Ended December 31, 2018 Basic Diluted Basic Diluted Net Income $ 8,329,979 $ 8,329,979 $ 7,763,919 $ 7,763,919 Weighted-average common 5,184,663 5,193,449 5,170,895 5,174,184 Net income per share $ 1.61 $ 1.60 $ 1.50 $ 1.50
Schedule of Weighted Average Number of Shares [Table Text Block]	Year Ended December 31, 2019 Year Ended December 31, 2018 Basic Diluted Basic Diluted Weighted-average common 5,184,663 5,184,663 5,170,895 5,170,895 Potentially Dilutive RSU's - 8,786 - 3,289 Weighted-average common 5,184,663 5,193,449 5,170,895 5,174,184

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	Twelve Months Ended December 31, 2019 2018 Voice services¹ $ 8,107,290 $ 7,159,240 Network access¹ 7,761,786 7,343,083 Video ¹ 12,070,242 10,672,632 Data ¹ 19,859,051 14,786,458 Directory² 827,978 757,233 Other contracted revenue³ 2,355,790 2,148,694 Other 4 979,076 985,683 Revenue from customers 51,961,213 43,853,023 Subsidy and other revenue outside scope of ASC 606 5 12,980,128 12,501,675 Total revenue $ 64,941,341 $ 56,354,698 ¹ Month-to-Month contracts billed and consumed in the same month. ² Directory revenue is contracted annually, however, this revenue is recognized ³ This includes long-term contracts where the revenue is recognized monthly over 4 This includes CPE and other equipment sales. 5 This includes governmental subsidies and lease revenue outside the scope of ASC 606.
Contract with Customer, Asset and Liability [Table Text Block]	Year Ended December 31, 2019 2018 Accounts receivable, net $ 1,618,555 $ 3,311,629 Contract assets 176,299 - Contract liabilities 609,989 523,296

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block [Abstract]
ROU And Operating Lease Liabilities [Table Text Block]	Right of Use Asset Balance Balance Operating Lease right-of-use assets $ 1,558,164 $ 599,308 Operating Lease Liability Balance Balance Short-Term Operating Lease Liability $ 415,949 $ 100,844 Long-Term Operating Lease Liability 1,146,132 498,464 Total $ 1,562,081 $ 599,308
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturity Analysis Balance 2020 $ 500,572 2021 290,162 2022 276,299 2023 276,299 2024 164,648 Thereafter 410,595 Total 1,918,575 Less Imputed interest (356,494) Present Value of Operating Leases $ 1,562,081

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Current assets $ 810,927 Property, plant and equipment 23,800,000 Customer relationship intangible 13,600,000 Excess costs over net assets acquired (Goodwill) 10,097,680 Current liabilities (370,898) Deferred income taxes (5,532,014) Deferred liabilities (264,814) Purchase price allocation 42,140,881 Less cash acquired (4,388) Total Consideration for Acquisition $ 42,136,493
Business Acquisition, Pro Forma Information [Table Text Block]	Year Ended December 31, 2019 2018 Revenue $ 64,941,341 $ 65,351,118 Net Income $ 8,329,979 $ 8,761,920 Basic Net Income Per Share $ 1.61 $ 1.69 Diluted Net Income Per Share $ 1.60 $ 1.69

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	2019 2018 Communications Plant: Land $ 712,503 $ 712,503 Buildings 10,612,823 10,579,247 Other Support Assets 17,418,983 15,890,991 Central Office and Circuit Equipment 55,273,657 53,652,481 Cable and Wire Facilities 74,402,816 69,700,385 Other Plant and Equipment 404,883 404,883 Plant Under Construction 4,804,731 2,197,805 163,630,396 153,138,295 Other Property 23,301,293 21,705,180 Video Plant 10,732,919 10,541,648 Total Property, Plant and Equipment $ 197,664,608 $ 185,385,123

GOODWILL AND INTANGIBLES (Table

GOODWILL AND INTANGIBLES (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	December 31, 2019 December 31, 2018 Gross Carrying Amount Gross Carrying Amount Useful Lives Accumulated Amortization Accumulated Amortization Definite-Lived Intangible Assets Customers Relationships 14-15 yrs $ 42,878,445 $ 22,815,928 $ 42,878,445 $ 19,820,843 Regulatory Rights 15 yrs 4,000,000 3,199,971 4,000,000 2,933,307 Trade Name 3-5 yrs 880,106 657,402 880,106 595,381 Indefinitely-Lived Intangible Assets Video Franchise 3,000,000 - 3,000,000 - Total $ 50,758,551 $ 26,673,301 $ 50,758,551 $ 23,349,531 Net Identified Intangible Assets $ 24,085,250 $ 27,409,020
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2020 $ 3,323,771 2021 $ 3,323,726 2022 $ 1,952,376 2023 $ 1,660,295 2024 $ 1,623,654

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt is as follows: 2019 2018 Secured seven-year reducing credit facility to CoBank, ACB, in $ 56,134,400 $ 62,244,800 Secured seven-year revolving credit facility of up to $10,000,000 to - - Less: Unamortized Loan Fees (550,270) (648,826) 55,584,130 61,595,974 Less: Amount due within one year (4,610,400) (4,610,400) Less: Current Portion of Unamortized Loan Fees (98,556) (98,556) Total Long Term Debt $ 51,072,286 $ 57,084,130
Schedule of Maturities of Long-term Debt [Table Text Block]	2020 $ 4,610,400 2021 $ 4,610,400 2022 $ 4,610,400 2023 $ 4,610,400 2024 $ 4,610,400

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2019 2018 Taxes currently payable Federal $ 1,899,170 $ 1,938,686 State 1,122,935 1,371,757 Deferred Income Taxes 287,362 128,017 Total Income Tax Expense $ 3,309,467 $ 3,438,460
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2019 2018 Statutory Tax Rate 21.00 % 21.00 % Effect of: State Income Taxes Net of Federal Tax Benefit 8.43 9.10 Permanent Differences and Other, Net (1.00) 0.60 Effective tax rate 28.43 % 30.70 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2019 2018 Deferred Tax Assets Accrued Expenses $ (549,280) $ (523,602) Deferred Compensation (305,739) (179,622) Other (174,568) (228,979) State NOL (249,531) (380,409) Leases (445,889) - Total Deferred Tax Assets (1,725,007) (1,312,612) Deferred Tax Liabilities Fixed Assets 10,766,047 9,598,235 Intangible Assets 5,974,142 6,898,752 Investments 959,779 956,414 Contract Assets 50,324 - Leases 444,770 - Total Deferred Tax Liabilities: 18,195,062 17,453,401 Total Net Deferred Taxes $ 16,470,055 $ 16,140,789

RESTRICTED STOCK UNITS (Tables)

RESTRICTED STOCK UNITS (Tables)	12 Months Ended
	Dec. 31, 2019
Restricted Stock Unit [Abstract]
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Targeted Performance-Based RSU's Closing Stock Price Time-Based RSU's Vesting Date Balance at December 31, 2016 - - Issued 6,077 - $ 13.00 12/31/2019 Excercised - - Forfeited - - Balance at December 31, 2017 6,077 - Issued 4,044 5,750 $ 17.00 12/31/2020 Excercised - - Forfeited (1,404) (750) Balance at December 31, 2018 8,717 5,000 Issued 3,172 4,781 $ 19.26 12/31/2021 Issued 1,913 - $ 20.00 12/31/2022 Excercised (4,399) - $ 18.50 12/10/2019 Forfeited (1,024) - Balance at December 31, 2019 8,379 9,781

BUSINESS DESCRIPTION AND SUMM_3

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jul. 31, 2018USD ($)
BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of Reportable Segments	1
Accounts Receivable, after Allowance for Credit Loss, Current	$ 2,356,742	$ 3,977,322
Inventory, Net	2,827,159	2,581,389
Goodwill	49,903,029	49,903,029	$ 10,097,680
Advertising Expense	$ 364,932	$ 312,674
Regulatory Rights [Member]
BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Minimum [Member] | Customer Relationships [Member]
BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	14 years
Minimum [Member] | Trade Names [Member]
BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member] | Customer Relationships [Member]
BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Maximum [Member] | Trade Names [Member]
BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years

BUSINESS DESCRIPTION AND SUMM_4

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Allowance for doubtful accounts - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Allowance for doubtful accounts [Abstract]
Balance at beginning of year	$ 113,000	$ 83,000
Additions charged to costs and expenses	255,491	202,420
Accounts written off, net of recoveries	(248,491)	(172,420)
Balance at end of year	$ 120,000	$ 113,000

BUSINESS DESCRIPTION AND SUMM_5

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Basic and diluted net income per share - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Basic and diluted net income per share [Abstract]
Net Income, Basic	$ 8,329,979	$ 7,763,919
Net Income, Diluted	$ 8,329,979	$ 7,763,919
Weighted-average common shares outstanding, Basic	5,184,663	5,170,895
Weighted-average common shares outstanding, Diluted	5,193,449	5,174,184
Net income per share, Basic	$ 1.61	$ 1.50
Net income per share, Diluted	$ 1.60	$ 1.50

BUSINESS DESCRIPTION AND SUMM_6

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - The weighted-average shares outstanding, basic and diluted - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
The weighted-average shares outstanding, basic and diluted [Abstract]
Weighted-average common shares outstanding, Basic	5,184,663	5,170,895
Potentially Dilutive RSU's	8,786	3,289
Weighted-average common shares outstanding, Diluted	5,193,449	5,174,184

REVENUE RECOGNITION (Details) -

REVENUE RECOGNITION (Details) - Disaggregation of Revenue	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Minimum [Member]
REVENUE RECOGNITION (Details) - Disaggregation of Revenue [Line Items]
ContractTerm	3 years
Maximum [Member]
REVENUE RECOGNITION (Details) - Disaggregation of Revenue [Line Items]
ContractTerm	10 years
Month To Month And Other Contracted Revenue [Member] | Revenue from Contract with Customer Benchmark [Member]
REVENUE RECOGNITION (Details) - Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	78.50%	76.07%
Outside Of The Scope Of ASC 606 [Member] | Revenue from Contract with Customer Benchmark [Member]
REVENUE RECOGNITION (Details) - Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	20.00%	22.18%
CPE And Equipment Sales And Installation [Member] | Revenue from Contract with Customer Benchmark [Member]
REVENUE RECOGNITION (Details) - Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	1.50%	1.75%

REVENUE RECOGNITION (Details)_2

REVENUE RECOGNITION (Details) - Nature of Services	12 Months Ended
	Dec. 31, 2019
Voice Services [Member]
REVENUE RECOGNITION (Details) - Nature of Services [Line Items]
Revenue Recognition Period	1 month
Video [Member]
REVENUE RECOGNITION (Details) - Nature of Services [Line Items]
Revenue Recognition Period	1 month
Data [Member]
REVENUE RECOGNITION (Details) - Nature of Services [Line Items]
Revenue Recognition Period	1 month
Other Contracted Revenue [Member] | Minimum [Member]
REVENUE RECOGNITION (Details) - Nature of Services [Line Items]
Revenue Recognition Period	3 years
Other Contracted Revenue [Member] | Maximum [Member]
REVENUE RECOGNITION (Details) - Nature of Services [Line Items]
Revenue Recognition Period	10 years
Product and Service, Other [Member]
REVENUE RECOGNITION (Details) - Nature of Services [Line Items]
Revenue Recognition Period	1 month

REVENUE RECOGNITION (Details)_3

REVENUE RECOGNITION (Details) - A-CAM - USD ($)	Feb. 02, 2019	Aug. 31, 2018	May 23, 2018	Dec. 31, 2019	Dec. 31, 2018	Feb. 27, 2019
A-CAM [Member]
REVENUE RECOGNITION (Details) - A-CAM [Line Items]
Contract Receivable Period	10 years			10 years
Proceeds From Contracts		$ 3,120,000			$ 6,500,000
Lowa Operations [Member]
REVENUE RECOGNITION (Details) - A-CAM [Line Items]
Contract Receivable			$ 489,870	$ 391,896		$ 596,084
Increase (Decrease) in Receivables	$ 106,214		97,974
Minnesota Operations [Member]
REVENUE RECOGNITION (Details) - A-CAM [Line Items]
Contract Receivable	8,354,481		7,648,208	$ 6,118,567
Increase (Decrease) in Receivables	$ 706,273		$ 1,529,641

REVENUE RECOGNITION (Details)_4

REVENUE RECOGNITION (Details) - Contract Assets - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Professional and Contract Services Expense	$ 24,095	$ 0

REVENUE RECOGNITION (Details)_5

REVENUE RECOGNITION (Details) - Contract Liabilities - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Noncurrent	$ 264	$ 79

REVENUE RECOGNITION (Details)_6

REVENUE RECOGNITION (Details) - Receivables	12 Months Ended
	Dec. 31, 2019
Minimum [Member]
REVENUE RECOGNITION (Details) - Receivables [Line Items]
Payment Term	30 days
Maximum [Member]
REVENUE RECOGNITION (Details) - Receivables [Line Items]
Payment Term	60 days

REVENUE RECOGNITION (Details)_7

REVENUE RECOGNITION (Details) - Revenue from contracts with customers - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue From Customers	$ 51,961,213	$ 43,853,023
Subsidy and other revenue outside scope of ASC 6065	12,980,128	12,501,675
Total revenue	64,941,341	56,354,698
Voice Services [Member]
Disaggregation of Revenue [Line Items]
Revenue From Customers	8,107,290	7,159,240
Network Access [Member]
Disaggregation of Revenue [Line Items]
Revenue From Customers	7,761,786	7,343,083
Total revenue	7,566,579	7,135,617
Video [Member]
Disaggregation of Revenue [Line Items]
Revenue From Customers	12,070,242	10,672,632
Total revenue	12,081,824	10,689,150
Data [Member]
Disaggregation of Revenue [Line Items]
Revenue From Customers	19,859,051	14,786,458
Total revenue	21,739,244	16,423,552
Directory [Member]
Disaggregation of Revenue [Line Items]
Revenue From Customers	827,978	757,233
Other Contracted Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue From Customers	2,355,790	2,148,694
Product and Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenue From Customers	$ 979,076	$ 985,683

REVENUE RECOGNITION (Details)_8

REVENUE RECOGNITION (Details) - Receivables, contracts assets and contract liabilities from revenue contracts with customers - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Receivables, contracts assets and contract liabilities from revenue contracts with customers [Abstract]
Accounts receivable, net	$ 1,618,555	$ 3,311,629
Contract assets	176,299
Contract liabilities	$ 609,989	$ 523,296

LEASES (Details)

LEASES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
LEASES (Details) [Line Items]
Operating Lease, Right-of-Use Asset	$ 1,558,164	$ 599,308
Operating Lease, Liability, Current	415,949	100,844
Operating Lease, Liability, Noncurrent	1,146,132	$ 498,464
Lessee, Operating Lease, Discount Rate		6.00%
Operating Lease, Expense	$ 428,680
Minimum [Member]
LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract		2 years
Maximum [Member]
LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract		17 years

LEASES (Details) - ROU and oper

LEASES (Details) - ROU and operating lease liabilities - USD ($)	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
ROU and operating lease liabilities [Abstract]
Operating Lease right-of-use assets	$ 1,558,164	$ 599,308
Short-Term Operating Lease Liability	415,949	100,844
Long-Term Operating Lease Liability	1,146,132	498,464
Total	$ 1,562,081	$ 599,308

LEASES (Details) - Maturity ana

LEASES (Details) - Maturity analysis under these lease agreements - USD ($)	Dec. 31, 2019	Jan. 01, 2019
Maturity analysis under these lease agreements [Abstract]
2020	$ 500,572
2021	290,162
2022	276,299
2023	276,299
2024	164,648
Thereafter	410,595
Total	1,918,575
Less Imputed interest	(356,494)
Present Value of Operating Leases	$ 1,562,081	$ 599,308

ACQUISITIONS AND DISPOSITIONS_2

ACQUISITIONS AND DISPOSITIONS (Details) - USD ($)	Jul. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Disclosure Text Block Supplement [Abstract]
Payments to Acquire Businesses, Gross	$ 42,000,000		$ 42,136,493
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Including Goodwill	23,697,680
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 13,600,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years

ACQUISITIONS AND DISPOSITIONS_3

ACQUISITIONS AND DISPOSITIONS (Details) - Allocation of the acquisition value of Scott-Rice - USD ($)	Jul. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Allocation of the acquisition value of Scott-Rice [Abstract]
Current assets	$ 810,927
Property, plant and equipment	23,800,000
Customer relationship intangible	13,600,000
Excess costs over net assets acquired (Goodwill)	10,097,680	$ 49,903,029	$ 49,903,029
Current liabilities	(370,898)
Deferred income taxes	(5,532,014)
Deferred liabilities	(264,814)
Purchase price allocation	42,140,881
Less cash acquired	(4,388)
Total Consideration for Acquisition	$ 42,136,493

ACQUISITIONS AND DISPOSITIONS_4

ACQUISITIONS AND DISPOSITIONS (Details) - Pro forma statements - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Pro forma statements [Abstract]
Revenue	$ 64,941,341	$ 65,351,118
Net Income	$ 8,329,979	$ 8,761,920
Basic Net Income Per Share	$ 1.61	$ 1.69
Diluted Net Income Per Share	$ 1.60	$ 1.69

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
PROPERTY, PLANT AND EQUIPMENT (Details) [Line Items]
Depreciation	$ 8,797,091	$ 7,585,225
Public Utilities, Property, Plant and Equipment, Disclosure of Composite Depreciation Rate for Plants in Service	4.60%	4.20%
Minimum [Member] | Other Property And Video [Member]
PROPERTY, PLANT AND EQUIPMENT (Details) [Line Items]
Property, Plant and Equipment, Useful Life		3 years
Maximum [Member] | Other Property And Video [Member]
PROPERTY, PLANT AND EQUIPMENT (Details) [Line Items]
Property, Plant and Equipment, Useful Life		25 years

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT (Details) - Property, plant and equipment - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Communications Plant:
Communications Plant	$ 163,630,396	$ 153,138,295
Other Property	23,301,293	21,705,180
Video Plant	10,732,919	10,541,648
Total Property, Plant and Equipment	197,664,608	185,385,123
Land [Member]
Communications Plant:
Communications Plant	712,503	712,503
Building [Member]
Communications Plant:
Communications Plant	10,612,823	10,579,247
Other Support Assets [Member]
Communications Plant:
Communications Plant	17,418,983	15,890,991
Central Office And Circuit Equipment [Member]
Communications Plant:
Communications Plant	55,273,657	53,652,481
Cable And Wire Facilities [Member]
Communications Plant:
Communications Plant	74,402,816	69,700,385
Other Plant and Equipment [Member]
Communications Plant:
Communications Plant	404,883	404,883
Plant Under Construction [Member]
Communications Plant:
Communications Plant	$ 4,804,731	$ 2,197,805

GOODWILL AND INTANGIBLES (Detai

GOODWILL AND INTANGIBLES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jul. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 49,903,029	$ 49,903,029	$ 10,097,680
Amortization of Intangible Assets	$ 3,323,771	$ 2,758,242

GOODWILL AND INTANGIBLES (Det_2

GOODWILL AND INTANGIBLES (Details) - Components of identified intangible assets - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Definite-Lived Intangible Assets
Gross Carrying Amount	$ 50,758,551	$ 50,758,551
Accumulated Amortization	26,673,301	23,349,531
Net Identified Intangible Assets	24,085,250	27,409,020
Customer Relationships [Member]
Definite-Lived Intangible Assets
Gross Carrying Amount	42,878,445	42,878,445
Accumulated Amortization	$ 22,815,928	19,820,843
Regulatory Rights [Member]
Definite-Lived Intangible Assets
Useful Lives	15 years
Gross Carrying Amount	$ 4,000,000	4,000,000
Accumulated Amortization	3,199,971	2,933,307
Trade Names [Member]
Definite-Lived Intangible Assets
Gross Carrying Amount	880,106	880,106
Accumulated Amortization	$ 657,402	595,381
Minimum [Member] | Customer Relationships [Member]
Definite-Lived Intangible Assets
Useful Lives	14 years
Minimum [Member] | Trade Names [Member]
Definite-Lived Intangible Assets
Useful Lives	3 years
Maximum [Member] | Customer Relationships [Member]
Definite-Lived Intangible Assets
Useful Lives	15 years
Maximum [Member] | Trade Names [Member]
Definite-Lived Intangible Assets
Useful Lives	5 years
Franchise Rights [Member]
Definite-Lived Intangible Assets
Gross Carrying Amount	$ 3,000,000	3,000,000
Accumulated Amortization

GOODWILL AND INTANGIBLES (Det_3

GOODWILL AND INTANGIBLES (Details) - Summary of Future Amortization Expense	Dec. 31, 2019USD ($)
Summary of Future Amortization Expense [Abstract]
2020	$ 3,323,771
2021	3,323,726
2022	1,952,376
2023	1,660,295
2024	$ 1,623,654

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Aug. 29, 2019	Aug. 01, 2018	Jan. 01, 2018
Interest Rate Swap [Member] | First IRSA With Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Derivative, Notional Amount			$ 16,137,500
Interest Rate Swap [Member] | Second IRSA Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Derivative, Notional Amount		$ 42,000,000
Interest Rate Swap Loan RX0583 T4 [Member] | First IRSA With Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Derivative, Notional Amount	$ 14,408,600
Interest Rate Swap Loan RX0583 T4 [Member] | Second IRSA Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Derivative, Notional Amount	40,384,734
Secured Debt [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Face Amount	11,300,000
Long-term Line of Credit	$ 1,300,000
Debt Instrument, Interest Rate, Effective Percentage	4.79%
Debt Instrument, Covenant Description	Our loan agreements include restrictions on our ability to pay cash dividends to our stockholders. However, we are allowed to pay dividends (a) (i) in an amount up to $2,700,000 in any year if our “Total Leverage Ratio,” that is, the ratio of our “Indebtedness” to “EBITDA” – as defined in the loan documents is greater than 2.00 to 1.00, and (ii) in any amount if our Total Leverage Ratio is less than 2.00 to 1.00, and (b) in either case, if we are not in default or potential default under the loan agreements
Debt Instrument Threshold Amount Dividends	$ 2,700,000
Ratio of Indebtedness to Net Capital	2.18
Debt Instrument, Covenant Compliance	Our credit facility requires us to comply with specified financial ratios and tests. These financial ratios include total leverage ratio, debt service coverage ratio, equity to total assets ratio and annual maximum aggregate capital expenditures
Secured Debt [Member] | RX0583(A)-T4 [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Periodic Payment, Principal	$ 1,152,600
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 32,277,200
Debt Instrument, Maturity Date	Jul. 31, 2025
Secured Debt [Member] | RX0583(A) -T5 [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Maturity Date	Jul. 31, 2025
Line of Credit Facility, Maximum Borrowing Capacity	$ 10,000,000
Long-term Line of Credit	$ 0
Secured Debt [Member] | Interest Rate Swap [Member] | Second IRSA Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt, Weighted Average Interest Rate	4.25%
Secured Debt [Member] | Revolving Credit Facility [Member]
LONG-TERM DEBT (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 10,000,000
RX0583(A)-T4 [Member] | Secured Debt [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Face Amount	$ 64,550,000
Interest Rate Swap [Member] | First IRSA With Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Derivative, Notional Amount				$ 16,137,500
Interest Rate Swap [Member] | Second IRSA Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Derivative, Notional Amount		$ 42,000,000
Interest Rate Swap [Member] | Secured Debt [Member] | First IRSA With Co Bank [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt, Weighted Average Interest Rate	6.02%
London Interbank Offered Rate (LIBOR) [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.25%

LONG-TERM DEBT (Details) - Long

LONG-TERM DEBT (Details) - Long-term debt - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Less: Unamortized Loan Fees	$ (550,270)	$ (648,826)
Total Long Term Debt	55,584,130	61,595,974
Less: Amount due within one year	(4,610,400)	(4,610,400)
Less: Current Portion of Unamortized Loan Fees	(98,556)	(98,556)
Total Long Term Debt	51,072,286	57,084,130
Seven Year Quarterly Installments 1152600 Through July 31 2025 [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Long Term Debt	56,134,400	62,244,800
Seven Year Revolving Credit Facility Of Up To 10000000 Through July 31 2025 [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Long Term Debt

LONG-TERM DEBT (Details) - Lo_2

LONG-TERM DEBT (Details) - Long-term debt (Parentheticals) - Secured Debt [Member] - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Seven Year Quarterly Installments 1152600 Through July 31 2025 [Member]
Debt Instrument [Line Items]
Quarterly Installments	$ 1,152,600	$ 1,152,600
Maturity period	7 years	7 years
Seven Year Revolving Credit Facility Of Up To 10000000 Through July 31 2025 [Member]
Debt Instrument [Line Items]
Maturity period	7 years	7 years
Revolving Credit Facility	$ 10,000,000	$ 10,000,000

LONG-TERM DEBT (Details) - Requ

LONG-TERM DEBT (Details) - Required principal payments	Dec. 31, 2019USD ($)
Required principal payments [Abstract]
2020	$ 4,610,400
2021	4,610,400
2022	4,610,400
2023	4,610,400
2024	$ 4,610,400

INTEREST RATE SWAPS (Details)

INTEREST RATE SWAPS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Aug. 29, 2019	Jan. 01, 2018
INTEREST RATE SWAPS (Details) [Line Items]
Derivative Liability, Noncurrent	$ 260,418	$ 407,250
Deferred Income Tax Expense (Benefit)	287,362	128,017
Accumulated Other Comprehensive Income (Loss), Net of Tax	(186,095)	(291,021)
Interest Rate Swap [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative Liability, Noncurrent	260,418	407,250
Deferred Income Tax Expense (Benefit)	74,323	116,230
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 186,095	$ 291,021
Interest Rate Swap [Member] | First IRSA With Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Notional Amount				$ 16,137,500
Derivative, Variable Interest Rate				25.00%
Interest Rate Swap [Member] | Second IRSA Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Notional Amount			$ 42,000,000
Interest Rate Swap [Member] | Secured Credit Facility [Member] | First IRSA With Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Debt, Weighted Average Interest Rate	6.02%
Interest Rate Swap [Member] | Secured Credit Facility [Member] | Second IRSA Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Debt, Weighted Average Interest Rate	4.25%
Interest Rate Swap Loan RX0583 T4 [Member] | First IRSA With Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Notional Amount	$ 14,408,600
Derivative Instrument Maturity Date	Jul. 31, 2025
Derivative Instrument Interest Rate Effective Percentage Description	6.02% (LIBOR Rate of 3.02% plus 3.00% LIBOR Margin)
Interest Rate Swap Loan RX0583 T4 [Member] | Second IRSA Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Notional Amount	$ 40,384,734
Derivative Instrument Maturity Date	Jul. 31, 2025
Derivative Instrument Interest Rate Effective Percentage Description	4.25% (LIBOR Rate of 1.25% plus 3.00% LIBOR Margin)
Base Rate [Member] | First IRSA With Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Variable Interest Rate	3.02%
Base Rate [Member] | Second IRSA Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Variable Interest Rate	1.25%
London Interbank Offered Rate (LIBOR) [Member] | First IRSA With Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Variable Interest Rate	3.00%
London Interbank Offered Rate (LIBOR) [Member] | Second IRSA Co Bank [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Variable Interest Rate	3.00%
London Interbank Offered Rate (LIBOR) [Member] | Secured Credit Facility [Member] | Maximum [Member]
INTEREST RATE SWAPS (Details) [Line Items]
Derivative, Variable Interest Rate	3.25%

INCOME TAXES (Details)

INCOME TAXES (Details)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Examination Tax Positions Recognition Likelihood Threshold Percentage	50.00%

INCOME TAXES (Details) - Income

INCOME TAXES (Details) - Income taxes recorded - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Taxes currently payable
Federal	$ 1,899,170	$ 1,938,686
State	1,122,935	1,371,757
Deferred Income Taxes	287,362	128,017
Total Income Tax Expense	$ 3,309,467	$ 3,438,460

INCOME TAXES (Details) - The di

INCOME TAXES (Details) - The differences between the statutory federal tax rate and the effective tax rate	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
The differences between the statutory federal tax rate and the effective tax rate [Abstract]
Statutory Tax Rate	21.00%	21.00%
Effect of:
State Income Taxes Net of Federal Tax Benefit	8.43%	9.10%
Permanent Differences and Other, Net	(1.00%)	0.60%
Effective tax rate	28.43%	30.70%

INCOME TAXES (Details) - Deferr

INCOME TAXES (Details) - Deferred income taxes and unrecognized tax benefits - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred income taxes and unrecognized tax benefits [Abstract]
Accrued Expenses	$ (549,280)	$ (523,602)
Deferred Compensation	(305,739)	(179,622)
Other	(174,568)	(228,979)
State NOL	(249,531)	(380,409)
Leases	(445,889)
Total Deferred Tax Assets	(1,725,007)	(1,312,612)
Fixed Assets	10,766,047	9,598,235
Intangible Assets	5,974,142	6,898,752
Investments	959,779	956,414
Contract Assets	50,324
Leases	444,770
Total Deferred Tax Liabilities:	18,195,062	17,453,401
Total Net Deferred Taxes	$ 16,470,055	$ 16,140,789

RETIREMENT PLAN (Details)

RETIREMENT PLAN (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 692,655	$ 539,584

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Dec. 31, 2020USD ($)
Forecast [Member]
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Capital Budget	$ 13.8

NONCASH INVESTING ACTIVITIES (D

NONCASH INVESTING ACTIVITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Noncash Investing [Abstract]
Noncash or Part Noncash Acquisition, Fixed Assets Acquired	$ 225,548	$ 533,043

OTHER INVESTMENTS (Details)

OTHER INVESTMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Other Investments [Abstract]
Gain (Loss) on Investments	$ (104,044)	$ 109,043

GUARANTEES (Details)

GUARANTEES (Details)	Dec. 31, 2019USD ($)
Guarantees [Abstract]
Guaranty Liabilities	$ 319,346

RESTRICTED STOCK UNITS (Details

RESTRICTED STOCK UNITS (Details) - 2017 Plan [Member] - Restricted Stock Units (RSUs) [Member] - shares	Mar. 16, 2020	Dec. 31, 2019
RESTRICTED STOCK UNITS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		625,000
Subsequent Event [Member]
RESTRICTED STOCK UNITS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	583,244

RESTRICTED STOCK UNITS (Detai_2

RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Issued (in Dollars per share)		$ 17	$ 13
Issued		Dec. 31, 2020	Dec. 31, 2019
Excercised (in Dollars per share)	$ 18.50
Excercised	Dec. 10, 2019
Time Based RS Us [Member]
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Balance	8,717	6,077
Issued		4,044	6,077
Excercised	(4,399)
Forfeited	(1,024)	(1,404)
Balance	8,379	8,717	6,077
Targeted Performance Based RS Us [Member]
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Balance	5,000
Issued		5,750
Forfeited		(750)
Balance	9,781	5,000
Share-based Payment Arrangement, Tranche One [Member]
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Issued (in Dollars per share)	$ 19.26
Issued	Dec. 31, 2021
Share-based Payment Arrangement, Tranche One [Member] | Time Based RS Us [Member]
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Issued	3,172
Share-based Payment Arrangement, Tranche One [Member] | Targeted Performance Based RS Us [Member]
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Issued	4,781
Share-based Payment Arrangement, Tranche Two [Member]
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Issued (in Dollars per share)	$ 20
Issued	Dec. 31, 2022
Share-based Payment Arrangement, Tranche Two [Member] | Time Based RS Us [Member]
RESTRICTED STOCK UNITS (Details) - RSUs currently issued and outstandin [Line Items]
Issued	1,913

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)	Dec. 31, 2019
Fiber Comm LC [Member]
SEGMENT INFORMATION (Details) [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Broadband Visions LLC [Member]
SEGMENT INFORMATION (Details) [Line Items]
Equity Method Investment, Ownership Percentage	24.30%
Independent Emergency Services LLC [Member]
SEGMENT INFORMATION (Details) [Line Items]
Equity Method Investment, Ownership Percentage	14.29%
SM Broadband LLC [Member]
SEGMENT INFORMATION (Details) [Line Items]
Equity Method Investment, Ownership Percentage	10.00%

BROADBAND GRANTS (Details)

BROADBAND GRANTS (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
January 2017 Grant [Member]
BROADBAND GRANTS (Details) [Line Items]
Grants Percentage	45.00%
Grants Receivable	$ 850,486
Project Cost	$ 1,889,968
Matching Fund Percentage Provided By Grantee	55.00%
Proceeds from Grantors	$ 765,465
November 2017 Grant [Member]
BROADBAND GRANTS (Details) [Line Items]
Grants Percentage	42.60%
Grants Receivable	$ 736,598
Project Cost	$ 1,727,998
Matching Fund Percentage Provided By Grantee	57.40%

TRANSACTIONS WITH EQUITY METH_2

TRANSACTIONS WITH EQUITY METHOD INVESTMENTS (Details) - Affiliated Entity [Member] - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
TRANSACTIONS WITH EQUITY METHOD INVESTMENTS (Details) [Line Items]
Revenue from Related Parties	$ 1,028,636	$ 1,090,464
Related Party Costs	$ 512,953	$ 520,044

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2020	Dec. 31, 2019
SUBSEQUENT EVENTS (Details) [Line Items]
Dividends Payable, Date to be Paid		Mar. 16, 2020
Dividends Payable, Date of Record		Mar. 5, 2020
Subsequent Event [Member] | January 2020 Grant [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Grants Percentage	36.50%
Grants Receivable	$ 730,000
Project Cost	$ 2,000,000
Matching Fund Percentage Provided By Grantee	63.50%