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Note 2 - Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2014
Note 2 - Significant Accounting Policies (Tables) [Line Items] |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
BASIC |  | 2014 |  |  | 2013 |  |  | 2012 |
Net income |  | $ | 7,706,921 |  |  | $ | 7,265,717 |  |  | $ | 5,596,070 |
Weighted average common shares outstanding |  |  | 10,203,063 |  |  |  | 10,176,492 |  |  |  | 10,157,395 |
Earnings per share – basic |  | $ | 0.76 |  |  | $ | 0.71 |  |  | $ | 0.55 |
DILUTED |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,706,921 |  |  | $ | 7,265,717 |  |  | $ | 5,596,070 |
Weighted average common shares outstanding |  |  | 10,203,063 |  |  |  | 10,176,492 |  |  |  | 10,157,395 |
Effect of restricted stock awards and assumed exercise of stock options |  |  | 38,058 |  |  |  | 39,946 |  |  |  | 17,951 |
Weighted average common shares outstanding, assuming dilution |  |  | 10,241,121 |  |  |  | 10,216,438 |  |  |  | 10,175,346 |
Earnings per share - diluted |  | $ | 0.75 |  |  | $ | 0.71 |  |  | $ | 0.55 |
Outstanding options and restricted stock awards excluded as anti-dilutive |  |  | - |  |  |  | - |  |  |  | - |
Schedule of Goodwill [Table Text Block] |
|  | Leather Factory |  |  | Tandy Leather |  |  | Total |
Balance, December 31, 2012 |  | $ | 607,319 |  |  | $ | 383,406 |  |  | $ | 990,725 |
Acquisitions and adjustments |  |  | - |  |  |  | - |  |  |  | - |
Foreign exchange gain/loss |  |  | (8,740 | ) |  |  | - |  |  |  | (8,740 | )
Impairments |  |  | - |  |  |  | - |  |  |  | - |
Balance, December 31, 2013 |  | $ | 598,579 |  |  | $ | 383,406 |  |  | $ | 981,985 |
Acquisitions and adjustments |  |  | - |  |  |  | - |  |  |  | - |
Foreign exchange gain/loss |  |  | (10,199 | ) |  |  | - |  |  |  | (10,199 | )
Impairments |  |  | - |  |  |  | - |  |  |  | - |
Balance, December 31, 2014 |  | $ | 588,380 |  |  | $ | 383,406 |  |  | $ | 971,786 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] |
|  | As of December 31, 20 14 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |
Trademarks, Copyrights |  | $ | 544,369 |  |  | $ | 518,426 |  |  | $ | 25,943 |
Non-Compete Agreements |  |  | 178,882 |  |  |  | 146,799 |  |  |  | 32,083 |
|  | $ | 723,251 |  |  | $ | 665,225 |  |  | $ | 58,026 |
|  | As of December 31, 20 13 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |
Trademarks, Copyrights |  | $ | 544,369 |  |  | $ | 487,891 |  |  | $ | 56,478 |
Non-Compete Agreements |  |  | 181,216 |  |  |  | 134,466 |  |  |  | 46,750 |
|  | $ | 725,585 |  |  | $ | 622,357 |  |  | $ | 103,228 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
|  | Leather Factory |  |  | Tandy Leather |  |  | Total |
2015 |  | $ | 108 |  |  | $ | 40,302 |  |  | $ | 40,410 |
2016 |  |  | 108 |  |  |  | 5,667 |  |  |  | 5,775 |
2017 |  |  | 90 |  |  |  | 1,000 |  |  |  | 1,090 |
2018 |  |  | - |  |  |  | 750 |  |  |  | 750 |
2019 |  |  | - |  |  |  | - |  |  |  | - |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
|  | Weighted Average Exercise Price |  |  | # of shares |  |  | Weighted Average Remaining Contractual Term (in years) |  |  | Aggregate Intrinsic Value |
Outstanding, January 1, 2012 |  | $ | 4.40 |  |  |  | 115,600 |  |  |  |  |  |  |  |  |
Granted |  |  | 5.27 |  |  |  | 12,000 |  |  |  |  |  |  |  |  |
Cancelled |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | 3.50 |  |  |  | (6,000 | ) |  |  |  |  |  |  |  |
Outstanding, December 31, 2012 |  | $ | 4.53 |  |  |  | 121,600 |  |  |  | 4.83 |  |  | $ | 206,760 |
Exercisable, December 31, 2012 |  | $ | 4.53 |  |  |  | 121,600 |  |  |  | 4.83 |  |  | $ | 206,760 |
Outstanding, January 1, 2013 |  | $ | 4.53 |  |  |  | 121,600 |  |  |  |  |  |  |  |  |
Granted |  |  | 6.87 |  |  |  | 12,000 |  |  |  |  |  |  |  |  |
Cancelled |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | 4.23 |  |  |  | (49,000 | ) |  |  |  |  |  |  |  |
Outstanding, December 31, 2013 |  | $ | 5.04 |  |  |  | 84,600 |  |  |  | 7.22 |  |  | $ | 104,656 |
Exercisable, December 31, 2013 |  | $ | 5.04 |  |  |  | 84,600 |  |  |  | 7.22 |  |  | $ | 104,656 |
Outstanding, January 1, 2014 |  | $ | 5.04 |  |  |  | 84,600 |  |  |  |  |  |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Cancelled |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | 4.32 |  |  |  | (12,200 | ) |  |  |  |  |  |  |  |
Outstanding, December 31, 2014 |  | $ | 5.16 |  |  |  | 72,400 |  |  |  | 6.17 |  |  | $ | 89,840 |
Exercisable, December 31, 2014 |  | $ | 5.16 |  |  |  | 72,400 |  |  |  | 6.17 |  |  | $ | 89,840 |
Schedule of Share-based Compensation, Activity [Table Text Block] |
|  | 20 14 |  |  | 20 13 |  |  | 20 12 |
|  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  |  |  |  |  | Average |  |  |  |  |  |  | Average |  |  |  |  |  |  | Average |
|  | Option |  |  | Exercise |  |  | Option |  |  | Exercise |  |  | Option |  |  | Exercise |
|  | Shares |  |  | Price |  |  | Shares |  |  | Price |  |  | Shares |  |  | Price |
Outstanding at January 1 |  |  | 84,600 |  |  | $ | 5.04 |  |  |  | 121,600 |  |  | $ | 4.53 |  |  |  | 115,600 |  |  | $ | 4.40 |
Granted |  |  | - |  |  |  | - |  |  |  | 12,000 |  |  |  | 6.87 |  |  |  | 12,000 |  |  |  | 5.27 |
Forfeited or expired |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exchanged |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | (12,200 | ) |  |  | 4.32 |  |  |  | (49,000 | ) |  |  | 4.23 |  |  |  | (6,000 | ) |  |  | 3.50 |
Outstanding at December 31 |  |  | 72,400 |  |  | $ | 5.16 |  |  |  | 84,600 |  |  | $ | 5.04 |  |  |  | 121,600 |  |  | $ | 4.53 |
Exercisable at end of year |  |  | 72,400 |  |  | $ | 5.16 |  |  |  | 84,600 |  |  | $ | 5.04 |  |  |  | 121,600 |  |  | $ | 4.53 |
Weighted-average fair value of options granted during year |  |  | n/a |  |  |  |  |  |  | $ | 0.97 |  |  |  |  |  |  | $ | 0.83 |  |  |  |  |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
| 20 14 |  | 2013 |  |  | 2012 |
Volatility | n/a |  |  | 19.1 | % |  |  | 21.4 | %
Expected option life | n/a |  |  | 3 |  |  |  | 3 |
Interest rate (risk free) | n/a |  |  | 0.80 | % |  |  | 0.875 | %
Dividends | n/a |  |  | None |  |  |  | None |
Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block] |
|  | Shares |  |  | Grant Fair Value |
Balance, January 1, 2014 |  |  | - |  |  |  | - |
Granted |  |  | 34,601 |  |  | $ | 8.96 |
Forfeited |  |  | - |  |  |  | - |
Vested |  |  | - |  |  |  | - |
Balance, December 31, 2014 |  |  | 34,601 |  |  | $ | 8.96 |
Employee Stock Option [Member] |
Note 2 - Significant Accounting Policies (Tables) [Line Items] |
Schedule of Share-based Compensation, Activity [Table Text Block] |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Weighted average grant-date fair value of stock options granted |  |  | n/a |  |  | $ | 0.97 |  |  | $ | 0.83 |
Total fair value of stock options vested |  |  | n/a |  |  | $ | 11,686 |  |  | $ | 10,000 |
Total intrinsic value of stock options exercised |  | $ | 14,816 |  |  | $ | 113,790 |  |  | $ | 9,572 |

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