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Note 7 - Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2014
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 September 30, 201 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 6,294,745 |  |  | $ | 12,068,832 |  |  | $ | 1,053,657 |  |  | $ | 19,417,234 |
Gross profit |  |  | 4,283,949 |  |  |  | 7,167,486 |  |  |  | 723,274 |  |  |  | 12,174,709 |
Operating earnings |  |  | 1,000,329 |  |  |  | 1,270,884 |  |  |  | 185,714 |  |  |  | 2,456,927 |
Interest expense |  |  | (63,684 | ) |  |  | - |  |  |  | - |  |  |  | (63,684 | )
Other income (expense), net |  |  | 19,556 |  |  |  | - |  |  |  | 17,969 |  |  |  | 37,525 |
Income before income taxes |  |  | 956,201 |  |  |  | 1,270,884 |  |  |  | 203,683 |  |  |  | 2,430,768 |
Depreciation and amortization |  |  | 241,264 |  |  |  | 114,516 |  |  |  | 17,058 |  |  |  | 372,838 |
Fixed asset additions |  |  | 489,660 |  |  |  | 279,829 |  |  |  | 893 |  |  |  | 770,382 |
Total assets |  | $ | 44,943,519 |  |  | $ | 16,439,542 |  |  | $ | 2,578,444 |  |  | $ | 63,961,505 |
For the quarter ended September 30, 20 13 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 6,476,676 |  |  | $ | 11,128,646 |  |  | $ | 919,282 |  |  | $ | 18,524,604 |
Gross profit |  |  | 4,358,097 |  |  |  | 6,752,739 |  |  |  | 590,107 |  |  |  | 11,700,943 |
Operating earnings |  |  | 956,721 |  |  |  | 1,351,062 |  |  |  | 97,570 |  |  |  | 2,405,353 |
Interest expense |  |  | (51,021 | ) |  |  | - |  |  |  | - |  |  |  | (51,021 | )
Other income (expense), net |  |  | 33,372 |  |  |  | - |  |  |  | (19,595 | ) |  |  | 13,777 |
Income before income taxes |  |  | 939,072 |  |  |  | 1,351,062 |  |  |  | 77,975 |  |  |  | 2,368,109 |
Depreciation and amortization |  |  | 241,864 |  |  |  | 71,496 |  |  |  | 13,325 |  |  |  | 326,685 |
Fixed asset additions |  |  | 290,087 |  |  |  | 162,697 |  |  |  | - |  |  |  | 452,784 |
Total assets |  | $ | 40,445,814 |  |  | $ | 11,150,004 |  |  | $ | 2,589,503 |  |  | $ | 54,185,321 |
|  | Wholesale Leathercraft |  |  | Retail Leathercraft |  |  | Int’l Leathercraft |  |  | Total |
For the nine months ended September 30, 201 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 19,576,180 |  |  | $ | 36,226,810 |  |  | $ | 3,156,317 |  |  | $ | 58,959,307 |
Gross profit |  |  | 13,588,209 |  |  |  | 21,973,975 |  |  |  | 2,107,854 |  |  |  | 37,670,038 |
Operating earnings |  |  | 3,479,908 |  |  |  | 4,171,500 |  |  |  | 428,459 |  |  |  | 8,079,867 |
Interest expense |  |  | (154,367 | ) |  |  | - |  |  |  | - |  |  |  | (154,367 | )
Other income (expense), net |  |  | 44,730 |  |  |  | - |  |  |  | (527 | ) |  |  | 44,203 |
Income before income taxes |  |  | 3,370,271 |  |  |  | 4,171,500 |  |  |  | 427,932 |  |  |  | 7,969,703 |
Depreciation and amortization |  |  | 705,902 |  |  |  | 332,276 |  |  |  | 50,580 |  |  |  | 1,088,758 |
Fixed asset additions |  |  | 886,718 |  |  |  | 781,795 |  |  |  | 50,951 |  |  |  | 1,719,464 |
Total assets |  | $ | 44,943,519 |  |  | $ | 16,439,542 |  |  | $ | 2,578,444 |  |  | $ | 63,961,505 |
For the nine months ended September 30, 201 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 19,934,996 |  |  | $ | 33,930,587 |  |  | $ | 2,869,861 |  |  | $ | 56,735,444 |
Gross profit |  |  | 13,171,368 |  |  |  | 20,584,324 |  |  |  | 1,796,201 |  |  |  | 35,551,893 |
Operating earnings |  |  | 2,853,219 |  |  |  | 4,243,006 |  |  |  | 276,052 |  |  |  | 7,372,277 |
Interest expense |  |  | (158,659 | ) |  |  | - |  |  |  | - |  |  |  | (158,659 | )
Other income (expense), net |  |  | 108,077 |  |  |  | 26 |  |  |  | 30,697 |  |  |  | 138,800 |
Income before income taxes |  |  | 2,802,637 |  |  |  | 4,243,032 |  |  |  | 306,749 |  |  |  | 7,352,418 |
Depreciation and amortization |  |  | 655,022 |  |  |  | 193,118 |  |  |  | 41,255 |  |  |  | 889,395 |
Fixed asset additions |  |  | 1,858,985 |  |  |  | 554,831 |  |  |  | 1,668 |  |  |  | 2,415,484 |
Total assets |  | $ | 40,445,814 |  |  | $ | 11,150,004 |  |  | $ | 2,589,503 |  |  | $ | 54,185,321 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
Three months ended September 30, |  | 20 14 |  |  | 20 13 |
United States |  | $ | 16,219,193 |  |  | $ | 15,466,317 |
Canada |  |  | 1,908,966 |  |  |  | 1,889,696 |
All other countries |  |  | 1,289,075 |  |  |  | 1,168,591 |
|  | $ | 19,417,234 |  |  | $ | 18,524,604 |
Nine months ended September 30, |  | 20 14 |  |  | 20 13 |
United States |  | $ | 49,298,035 |  |  | $ | 47,404,281 |
Canada |  |  | 5,835,776 |  |  |  | 5,728,405 |
All other countries |  |  | 3,825,496 |  |  |  | 3,602,758 |
|  | $ | 58,959,307 |  |  | $ | 56,735,444 |

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