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

3 Months Ended

Mar. 31, 2013

Schedule of Inventory, Current [Table Text Block]

		As of
		March 31, 2013				December 31, 2012
Inventory on hand:
Finished goods held for sale		$	23,226,414			$	24,039,846
Raw materials and work in process			678,696				495,182
Inventory in transit			1,453,882				1,327,756
		$	25,358,992			$	25,862,784

Schedule of Goodwill [Table Text Block]

		Leather Factory				Tandy Leather				Total
Balance, December 31, 2011		$	603,603			$	383,406			$	987,009
Acquisitions and adjustments			-				-				-
Foreign exchange gain/loss			2,936				-				2,936
Impairments			-				-				-
Balance, March 31, 2012		$	606,539			$	383,406			$	989,945

		Leather Factory				Tandy Leather				Total
Balance, December 31, 2012		$	607,319			$	383,406			$	990,725
Acquisitions and adjustments			-				-				-
Foreign exchange gain/loss			(3,186	)			-				(3,186	)
Impairments			-				-				-
Balance, March 31, 2013		$	604,133			$	383,406			$	987,539

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

		As of March 31, 2013												As of December 31, 2012
		Gross				Accumulated Amortization				Net				Gross				Accumulated Amortization				Net
Trademarks, Copyrights		$	544,369			$	464,613			$	79,756			$	544,369			$	456,836			$	87,533
Non-Compete Agreements			182,487				125,237				57,250				183,216				125,216				58,000
		$	726,856			$	589,850			$	137,006			$	727,585			$	582,052			$	145,533

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

		Wholesale Leathercraft				Retail Leathercraft				Total
2013		$	768			$	33,337			$	34,105
2014			455				33,337				33,792
2015			-				28,635				28,635
2016			-				2,000				2,000
2017			-				-				-

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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-Name Statement of Financial Accounting Standard (FAS)

-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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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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