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Industry Segments (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of Segment Information | All values are for continuing operations only.
| 2018 |  | 2017 |  | 2016
Net sales |  |  |  |  |
Metals Segment | $ | 222,242,145 |  |  | $ | 152,957,195 |  |  | $ | 90,214,537 |
Specialty Chemicals Segment | 58,599,274 |  |  | 48,190,487 |  |  | 48,351,245 |
| $ | 280,841,419 |  |  | $ | 201,147,682 |  |  | $ | 138,565,782 |
Operating income (loss) |  |  |  |  |  |  |  |
Metals Segment | $ | 27,543,907 |  |  | $ | 5,424,624 |  |  | $ | (4,820,374 | )
Gain (loss) on sale-leaseback | 239,604 |  |  | 239,604 |  |  | (2,166,136 | )
Total Metals Segment | 27,783,511 |  |  | 5,664,228 |  |  | (6,986,510 | )
Specialty Chemicals Segment | 3,879,405 |  |  | 4,295,576 |  |  | 4,887,143 |
Gain (loss) on sale-leaseback | 94,669 |  |  | 94,669 |  |  | (205,642 | )
Total Specialty Chemicals Segment | 3,974,074 |  |  | 4,390,245 |  |  | 4,681,501 |
| 31,757,585 |  |  | 10,054,473 |  |  | (2,305,009 | )
Unallocated corporate expenses | 7,877,847 |  |  | 6,513,839 |  |  | 5,835,162 |
Earn-out adjustments | 1,430,682 |  |  | 688,523 |  |  | — |
Acquisition related costs | 1,211,797 |  |  | 794,983 |  |  | 106,227 |
Operating income (loss) | 21,237,259 |  |  | 2,057,128 |  |  | (8,246,398 | )
Interest expense | 2,210,506 |  |  | 985,366 |  |  | 932,572 |
Change in fair value of interest rate swap | (19,484 | ) |  | (96,696 | ) |  | 12,997 |
Other income, net | 2,572,598 |  |  | (310,043 | ) |  | — |
Income (loss) before income taxes | $ | 16,473,639 |  |  | $ | 1,478,501 |  |  | $ | (9,191,967 | )
Identifiable assets |  |  |  |  |  |  |  |
Metals Segment | $ | 192,195,733 |  |  | $ | 130,456,857 |  |  |
Specialty Chemicals Segment | 28,174,675 |  |  | 25,394,078 |  |  |
Corporate | 8,028,438 |  |  | 4,023,215 |  |  |
| $ | 228,398,846 |  |  | $ | 159,874,150 |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |
Metals Segment | $ | 7,197,814 |  |  | $ | 6,280,681 |  |  | $ | 5,132,506 |
Specialty Chemicals Segment | 1,427,629 |  |  | 1,302,579 |  |  | 1,449,437 |
Corporate | 149,734 |  |  | 154,552 |  |  | 113,047 |
| $ | 8,775,177 |  |  | $ | 7,737,812 |  |  | $ | 6,694,990 |
Capital expenditures |  |  |  |  |  |  |  |
Metals Segment | $ | 5,969,216 |  |  | $ | 3,405,552 |  |  | $ | 2,198,535 |
Specialty Chemicals Segment | 1,297,762 |  |  | 1,649,967 |  |  | 475,703 |
Corporate | 87,759 |  |  | 223,089 |  |  | 370,173 |
| $ | 7,354,737 |  |  | $ | 5,278,608 |  |  | $ | 3,044,411 |
Sales by product group |  |  |  |  |
Specialty chemicals | $ | 58,599,274 |  |  | $ | 48,190,487 |  |  | $ | 48,351,245 |
Stainless steel pipe | 146,237,630 |  |  | 100,253,823 |  |  | 56,065,642 |
Seamless carbon steel pipe and tube | 32,473,950 |  |  | 25,103,641 |  |  | 14,913,133 |
Liquid storage tanks and separation equipment | 31,653,832 |  |  | 27,599,731 |  |  | 19,235,762 |
Galvanized pipe and tube | 11,876,733 |  |  | — |  |  | — |
| $ | 280,841,419 |  |  | $ | 201,147,682 |  |  | $ | 138,565,782 |
Geographic sales |  |  |  |  |  |  |  |
United States | $ | 273,244,175 |  |  | $ | 196,172,279 |  |  | $ | 132,313,157 |
Elsewhere | 7,597,244 |  |  | 4,975,403 |  |  | 6,252,625 |
| $ | 280,841,419 |  |  | $ | 201,147,682 |  |  | $ | 138,565,782 |

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