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Note 7 - Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Wholesale Leathercraft				Retail Leathercraft				Int’l Leathercraft				Total
For the quarter ended March 31, 2013
Net sales		$	6,729,734			$	11,559,861			$	948,232			$	19,237,827
Gross profit			4,165,155				7,161,228				604,446				11,930,829
Income from operations			1,012,965				1,514,839				93,056				2,620,860
Interest expense			56,094				-				-				56,094
Other, net			(14,493	)			(10	)			(12,236	)			(26,739	)
Income before income taxes			971,364				1,514,849				105,292				2,591,505

Depreciation and amortization			191,533				57,429				14,140				263,102
Fixed asset additions			738,736				242,149				1,668				982,553
Total assets		$	36,244,560			$	10,474,588			$	2,959,476			$	49,678,624

For the quarter ended March 31, 2012
Net sales		$	7,152,417			$	10,282,814			$	741,847			$	18,177,078
Gross profit			4,529,683				6,372,144				463,806				11,365,633
Income from operations			1,232,852				1,358,725				(37,402	)			2,554,175
Interest expense			58,392				-				-				58,392
Other, net			(16,048	)			(13	)			(3,753	)			(19,814	)
Income before income taxes			1,190,508				1,358,738				(33,649	)			2,515,597

Depreciation and amortization			203,690				43,451				12,395				259,536
Fixed asset additions			31,626				54,754				53,461				139,841
Total assets		$	34,422,385			$	8,509,506			$	2,543,725			$	45,475,616

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

		2013				2012
United States		$	16,196,394			$	15,527,455
Canada			1,919,723				1,719,840
All other countries			1,121,710				929,783
		$	19,237,827			$	18,177,078

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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