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Industry Segments (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Information | All values are for continuing operations only.
| 2017 |  | 2016 |  | 2015
Net sales |  |  |  |  |
Metals Segment | $ | 152,957,195 |  |  | $ | 90,214,537 |  |  | $ | 114,908,258 |
Specialty Chemicals Segment | 48,190,487 |  |  | 48,351,245 |  |  | 60,552,180 |
| $ | 201,147,682 |  |  | $ | 138,565,782 |  |  | $ | 175,460,438 |
Operating income (loss) |  |  |  |  |  |  |  |
Metals Segment | $ | 5,424,624 |  |  | $ | (4,820,374 | ) |  | $ | 2,821,879 |
Goodwill impairment | — |  |  | — |  |  | (17,158,249 | )
Business interruption proceeds | — |  |  | — |  |  | 1,246,024 |
Gain (loss) on sale-leaseback | 239,604 |  |  | (2,166,136 | ) |  | — |
Total Metals Segment | 5,664,228 |  |  | (6,986,510 | ) |  | (13,090,346 | )
Specialty Chemicals Segment | 4,295,576 |  |  | 4,887,143 |  |  | 5,664,843 |
Gain (loss) on sale-leaseback | 94,669 |  |  | (205,642 | ) |  | — |
Total Specialty Chemicals Segment | 4,390,245 |  |  | 4,681,501 |  |  | 5,664,843 |
| 10,054,473 |  |  | (2,305,009 | ) |  | (7,425,503 | )
Unallocated straight line lease cost | 397,071 |  |  | 101,633 |  |  | — |
Unallocated corporate expenses | 6,116,768 |  |  | 5,733,529 |  |  | 5,105,935 |
Acquisition related costs | 794,983 |  |  | 106,227 |  |  | 499,761 |
Operating income (loss) | 2,745,651 |  |  | (8,246,398 | ) |  | (13,031,199 | )
Interest expense | 985,366 |  |  | 932,572 |  |  | 1,352,806 |
Change in fair value of interest rate swap | (96,696 | ) |  | 12,997 |  |  | 41,580 |
Earn-out adjustments | 688,523 |  |  | — |  |  | (4,897,448 | )
Casualty insurance gain | — |  |  | — |  |  | (923,470 | )
Other income, net | (310,043 | ) |  | — |  |  | (134,389 | )
Income (loss) before income taxes | $ | 1,478,501 |  |  | $ | (9,191,967 | ) |  | $ | (8,470,278 | )
Identifiable assets |  |  |  |  |  |  |  |
Metals Segment | $ | 130,456,857 |  |  | $ | 109,689,477 |  |  |
Specialty Chemicals Segment | 25,394,078 |  |  | 22,907,672 |  |  |
Corporate | 4,023,215 |  |  | 6,040,914 |  |  |
| $ | 159,874,150 |  |  | $ | 138,638,063 |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |
Metals Segment | $ | 6,280,681 |  |  | $ | 5,132,506 |  |  | $ | 5,172,251 |
Specialty Chemicals Segment | 1,302,579 |  |  | 1,449,437 |  |  | 1,376,167 |
Corporate | 154,552 |  |  | 113,047 |  |  | 85,973 |
| $ | 7,737,812 |  |  | $ | 6,694,990 |  |  | $ | 6,634,391 |
Capital expenditures |  |  |  |  |  |  |  |
Metals Segment | $ | 3,405,552 |  |  | $ | 2,198,535 |  |  | $ | 7,398,517 |
Specialty Chemicals Segment | 1,649,967 |  |  | 475,703 |  |  | 3,439,260 |
Corporate | 223,089 |  |  | 370,173 |  |  | 67,453 |
| $ | 5,278,608 |  |  | $ | 3,044,411 |  |  | $ | 10,905,230 |
Sales by product group |  |  |  |  |
Specialty chemicals | $ | 48,190,487 |  |  | $ | 48,351,245 |  |  | $ | 60,552,180 |
Stainless steel pipe | 100,523,823 |  |  | 56,065,642 |  |  | 77,849,443 |
Seamless carbon steel pipe and tube | 25,103,641 |  |  | 14,913,133 |  |  | 18,013,326 |
Liquid storage tanks and separation equipment | 27,599,731 |  |  | 19,235,762 |  |  | 19,045,489 |
| $ | 201,417,682 |  |  | $ | 138,565,782 |  |  | $ | 175,460,438 |
Geographic sales |  |  |  |  |  |  |  |
United States | $ | 196,172,279 |  |  | $ | 132,313,157 |  |  | $ | 167,185,319 |
Elsewhere | 4,975,403 |  |  | 6,252,625 |  |  | 8,275,119 |
| $ | 201,147,682 |  |  | $ | 138,565,782 |  |  | $ | 175,460,438 |

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