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Note 1 - Basis of Presentation and Certain Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Inventory, Current [Table Text Block]

		As of
		June 30, 2012				December 31, 2011
Inventory on hand:
Finished goods held for sale		$	26,001,763			$	17,742,298
Raw materials and work in process			1,377,627				479,686
Inventory in transit			2,370,421				1,718,267
		$	29,749,811			$	19,940,251

Schedule of Goodwill [Table Text Block]

		Leather Factory				Tandy Leather				Total
Balance, December 31, 2010		$	606,962			$	383,406			$	990,368
Acquisitions and adjustments			-				-				-
Foreign exchange gain/loss			4,301				-				4,301
Impairments			-				-				-
Balance, June 30, 2011		$	611,263			$	383,406			$	994,669

		Leather Factory				Tandy Leather				Total
Balance, December 31, 2011		$	603,603			$	383,406			$	987,009
Acquisitions and adjustments			-				-				-
Foreign exchange gain/loss			625				-				625
Impairments			-				-				-
Balance, June 30, 2012		$	604,228			$	383,406			$	987,634

Schedule of Finite-Lived Intangible Assets [Table Text Block]

		As of June 30, 2012												As of December 31, 2011
		Gross				Accumulated Amortization				Net				Gross				Accumulated Amortization				Net
Trademarks, Copyrights		$	544,369			$	441,288			$	103,081			$	544,369			$	425,418			$	118,951
Non-Compete Agreements			182,509				120,550				61,959				182,365				114,024				68,341
		$	726,878			$	561,838			$	165,040			$	726,734			$	539,442			$	187,292

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

		Wholesale Leathercraft				Retail Leathercraft				Total
2012		$	1,477			$	37,634			$	39,111
2013			-				33,337				33,337
2014			-				33,337				33,337
2015			-				28,636				28,636
2016			-				2,000				2,000

X

- Definition

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (a)

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

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-Number 142

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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