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Note 12 - Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2016
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Wholesale Leathercraft |  |  | Retail Leathercraft |  |  | International Leathercraft |  |  | Total |
For the year ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 25,371,580 |  |  | $ | 53,670,340 |  |  | $ | 3,882,072 |  |  | $ | 82,923,992 |
Gross Profit |  |  | 18,097,205 |  |  |  | 31,217,798 |  |  |  | 2,398,239 |  |  |  | 51,713,242 |
Operating earnings |  |  | 5,254,227 |  |  |  | 4,970,546 |  |  |  | 75,958 |  |  |  | 10,300,731 |
Interest expense |  |  | 155,189 |  |  |  | - |  |  |  | - |  |  |  | 155,189 |
Other expense, net |  |  | (35,290 | ) |  |  | - |  |  |  | (21,997 | ) |  |  | (57,287 | )
Income before income taxes |  |  | 5,134,328 |  |  |  | 4,970,546 |  |  |  | 97,955 |  |  |  | 10,202,829 |
Depreciation and amortization |  |  | 969,202 |  |  |  | 662,332 |  |  |  | 87,620 |  |  |  | 1,719,154 |
Fixed asset additions |  |  | 869,250 |  |  |  | 740,578 |  |  |  | 87,875 |  |  |  | 1,697,704 |
Total assets |  | $ | 50,067,046 |  |  | $ | 16,435,386 |  |  | $ | 4,150,288 |  |  | $ | 70,652,720 |
For the year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 26,754,165 |  |  | $ | 53,714,432 |  |  | $ | 3,692,603 |  |  | $ | 84,161,200 |
Gross Profit |  |  | 18,579,494 |  |  |  | 31,258,961 |  |  |  | 2,232,605 |  |  |  | 52,071,060 |
Operating earnings |  |  | 4,663,590 |  |  |  | 5,689,814 |  |  |  | 121,296 |  |  |  | 10,474,700 |
Interest expense |  |  | 330,004 |  |  |  | - |  |  |  | - |  |  |  | 330,004 |
Other expense, net |  |  | (63,230 | ) |  |  | - |  |  |  | (11,127 | ) |  |  | (74,357 | )
Income before income taxes |  |  | 4,396,816 |  |  |  | 5,689,814 |  |  |  | 132,423 |  |  |  | 10,219,053 |
Depreciation and amortization |  |  | 950,174 |  |  |  | 559,418 |  |  |  | 57,580 |  |  |  | 1,567,172 |
Fixed asset additions |  |  | 945,998 |  |  |  | 932,231 |  |  |  | 285,811 |  |  |  | 2,164,040 |
Total assets |  | $ | 42,141,174 |  |  | $ | 17,753,324 |  |  | $ | 4,716,578 |  |  | $ | 64,611,076 |
For the year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 27,285,884 |  |  | $ | 51,805,944 |  |  | $ | 4,339,084 |  |  | $ | 83,430,912 |
Gross Profit |  |  | 18,393,969 |  |  |  | 30,880,718 |  |  |  | 2,850,070 |  |  |  | 52,124,757 |
Operating earnings |  |  | 5,300,413 |  |  |  | 6,077,345 |  |  |  | 580,271 |  |  |  | 11,958,029 |
Interest expense |  |  | 225,584 |  |  |  | - |  |  |  | - |  |  |  | 225,584 |
Other expense, net |  |  | (61,984 | ) |  |  | - |  |  |  | (13,181 | ) |  |  | (75,165 | )
Income before income taxes |  |  | 5,136,813 |  |  |  | 6,077,345 |  |  |  | 593,452 |  |  |  | 11,807,610 |
Depreciation and amortization |  |  | 911,327 |  |  |  | 460,534 |  |  |  | 64,763 |  |  |  | 1,436,624 |
Fixed asset additions |  |  | 909,260 |  |  |  | 1,243,123 |  |  |  | 51,807 |  |  |  | 2,204,190 |
Total assets |  | $ | 43,000,030 |  |  | $ | 16,608,386 |  |  | $ | 3,265,458 |  |  | $ | 62,873,874 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
|  | 201 6 |  |  | 201 5 |  |  | 20 14 |
United States |  | $ | 70,886,401 |  |  | $ | 72,061,009 |  |  | $ | 69,791,099 |
Canada |  |  | 7,199,155 |  |  |  | 7,543,468 |  |  |  | 8,342,896 |
All other countries |  |  | 4,838,436 |  |  |  | 4,556,723 |  |  |  | 5,296,917 |
|  | $ | 82,923,992 |  |  | $ | 84,161,200 |  |  | $ | 83,430,912 |

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