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Note 7 - Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Wholesale Leathercraft |  |  | Retail Leathercraft |  |  | Int’l Leathercraft |  |  | Total |
For the quarter ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 6,728,586 |  |  | $ | 11,242,080 |  |  | $ | 1,002,347 |  |  | $ | 18,973,013 |
Gross profit |  |  | 4,648,116 |  |  |  | 6,670,357 |  |  |  | 601,648 |  |  |  | 11,920,121 |
Operating earnings |  |  | 883,533 |  |  |  | 1,377,105 |  |  |  | 85,426 |  |  |  | 2,346,064 |
Interest (expense) |  |  | (51,544 | ) |  |  | - |  |  |  | - |  |  |  | (51,544 | )
Other income (expense), net |  |  | 60,212 |  |  |  | 16 |  |  |  | 38,056 |  |  |  | 98,284 |
Income before income taxes |  |  | 892,201 |  |  |  | 1,377,121 |  |  |  | 123,482 |  |  |  | 2,392,804 |
Depreciation and amortization |  |  | 221,625 |  |  |  | 64,193 |  |  |  | 13,790 |  |  |  | 299,608 |
Fixed asset additions |  |  | 830,162 |  |  |  | 149,985 |  |  |  | - |  |  |  | 980,147 |
Total assets |  | $ | 39,552,986 |  |  | $ | 10,815,721 |  |  | $ | 2,787,275 |  |  | $ | 53,155,982 |
For the quarter ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 6,282,990 |  |  | $ | 9,863,139 |  |  | $ | 758,125 |  |  | $ | 16,904,254 |
Gross profit |  |  | 4,273,989 |  |  |  | 6,145,188 |  |  |  | 521,024 |  |  |  | 10,940,201 |
Operating earnings |  |  | 1,103,311 |  |  |  | 1,309,503 |  |  |  | 51,958 |  |  |  | 2,464,772 |
Interest (expense) |  |  | (58,235 | ) |  |  | - |  |  |  | - |  |  |  | (58,235 | )
Other income (expense), net |  |  | 12,299 |  |  |  | - |  |  |  | 30,458 |  |  |  | 42,757 |
Income before income taxes |  |  | 1,057,375 |  |  |  | 1,309,503 |  |  |  | 82,416 |  |  |  | 2,449,294 |
Depreciation and amortization |  |  | 203,927 |  |  |  | 46,465 |  |  |  | 14,125 |  |  |  | 264,517 |
Fixed asset additions |  |  | 102,598 |  |  |  | 141,537 |  |  |  | 19,635 |  |  |  | 263,770 |
Total assets |  | $ | 36,240,356 |  |  | $ | 9,358,545 |  |  | $ | 2,811,382 |  |  | $ | 48,410,283 |
|  | Wholesale Leathercraft |  |  | Retail Leathercraft |  |  | Int’l Leathercraft |  |  | Total |
For the six months ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 13,458,320 |  |  | $ | 22,801,941 |  |  | $ | 1,950,579 |  |  | $ | 38,210,840 |
Gross profit |  |  | 8,813,271 |  |  |  | 13,831,585 |  |  |  | 1,206,094 |  |  |  | 23,850,950 |
Operating earnings |  |  | 1,896,498 |  |  |  | 2,891,944 |  |  |  | 178,482 |  |  |  | 4,966,924 |
Interest (expense) |  |  | (107,638 | ) |  |  | - |  |  |  | - |  |  |  | (107,638 | )
Other income (expense), net |  |  | 74,705 |  |  |  | 26 |  |  |  | 50,292 |  |  |  | 125,023 |
Income before income taxes |  |  | 1,863,565 |  |  |  | 2,891,970 |  |  |  | 228,774 |  |  |  | 4,984,309 |
Depreciation and amortization |  |  | 413,158 |  |  |  | 121,622 |  |  |  | 27,930 |  |  |  | 562,710 |
Fixed asset additions |  |  | 1,568,898 |  |  |  | 392,134 |  |  |  | 1,668 |  |  |  | 1,962,700 |
Total assets |  | $ | 39,552,986 |  |  | $ | 10,815,721 |  |  | $ | 2,787,275 |  |  | $ | 53,155,982 |
For the six months ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 13,435,407 |  |  | $ | 20,145,953 |  |  | $ | 1,499,972 |  |  | $ | 35,081,332 |
Gross profit |  |  | 8,803,672 |  |  |  | 12,517,333 |  |  |  | 984,829 |  |  |  | 22,305,834 |
Operating earnings |  |  | 2,336,163 |  |  |  | 2,668,228 |  |  |  | 14,556 |  |  |  | 5,018,947 |
Interest expense |  |  | (116,627 | ) |  |  | - |  |  |  | - |  |  |  | (116,627 | )
Other income (expense), net |  |  | 28,347 |  |  |  | 13 |  |  |  | 34,211 |  |  |  | 62,571 |
Income before income taxes |  |  | 2,247,883 |  |  |  | 2,668,241 |  |  |  | 48,767 |  |  |  | 4,964,891 |
Depreciation and amortization |  |  | 407,617 |  |  |  | 89,916 |  |  |  | 26,520 |  |  |  | 524,053 |
Fixed asset additions |  |  | 134,224 |  |  |  | 196,291 |  |  |  | 73,096 |  |  |  | 403,611 |
Total assets |  | $ | 36,240,356 |  |  | $ | 9,358,545 |  |  | $ | 2,811,382 |  |  | $ | 48,410,283 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
Three months ended June 30, |  | 2013 |  |  | 2012 |
United States |  | $ | 15,741,570 |  |  | $ | 14,112,191 |
Canada |  |  | 1,918,986 |  |  |  | 1,732,982 |
All other countries |  |  | 1,312,457 |  |  |  | 1,059,081 |
|  | $ | 18,973,013 |  |  | $ | 16,904,254 |
Six months ended June 30, |  | 2013 |  |  | 2012 |
United States |  | $ | 31,937,964 |  |  | $ | 29,639,646 |
Canada |  |  | 3,838,709 |  |  |  | 3,452,822 |
All other countries |  |  | 2,434,167 |  |  |  | 1,988,864 |
|  | $ | 38,210,840 |  |  | $ | 35,081,332 |

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