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Note 2 - Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2016
Notes Tables |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
BASIC |  | 2016 |  |  | 2015 |  |  | 2014 |
Net income |  | $ | 6,402,259 |  |  | $ | 6,402,405 |  |  | $ | 7,706,921 |
Weighted average common shares outstanding |  |  | 9,301,867 |  |  |  | 10,077,506 |  |  |  | 10,203,063 |
Earnings per share – basic |  | $ | 0.69 |  |  | $ | 0.64 |  |  | $ | 0.76 |
DILUTED |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 6,402,259 |  |  | $ | 6,402,405 |  |  | $ | 7,706,921 |
Weighted average common shares outstanding |  |  | 9,301,867 |  |  |  | 10,077,506 |  |  |  | 10,203,063 |
Effect of restricted stock awards and assumed exercise of stock options |  |  | 19,691 |  |  |  | 25,254 |  |  |  | 38,058 |
Weighted average common shares outstanding, assuming dilution |  |  | 9,321,558 |  |  |  | 10,102,760 |  |  |  | 10,241,121 |
Earnings per share - diluted |  | $ | 0.69 |  |  | $ | 0.63 |  |  | $ | 0.75 |
Outstanding options and restricted stock awards excluded as anti-dilutive |  |  | 31,477 |  |  |  | 60,433 |  |  |  | - |
Schedule of Goodwill [Table Text Block] |
|  | Leather Factory |  |  | Tandy Leather |  |  | Total |
Balance, January 1, 2015 |  | $ | 588,380 |  |  | $ | 383,406 |  |  | $ | 971,786 |
Foreign exchange gain/loss |  |  | (18,430 | ) |  |  | - |  |  |  | (18,430 | )
Balance, December 31, 2015 |  | $ | 569,950 |  |  | $ | 383,406 |  |  | $ | 953,356 |
Foreign exchange gain/loss |  |  | 2,845 |  |  |  | - |  |  |  | 2,845 |
Balance, December 31, 2016 |  | $ | 572,795 |  |  | $ | 383,406 |  |  | $ | 956,201 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] |
|  | As of December 31, 20 16 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |
Trademarks, Copyrights |  | $ | 554,369 |  |  | $ | 545,279 |  |  | $ | 9,090 |
Non-Compete Agreements |  |  | 175,316 |  |  |  | 163,566 |  |  |  | 11,750 |
|  | $ | 729,685 |  |  | $ | 708,845 |  |  | $ | 20,840 |
|  | As of December 31, 2015 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |
Trademarks, Copyrights |  | $ | 554,369 |  |  | $ | 544,504 |  |  | $ | 9,865 |
Non-Compete Agreements |  |  | 174,665 |  |  |  | 157,248 |  |  |  | 17,417 |
|  | $ | 729,034 |  |  | $ | 701,752 |  |  | $ | 27,282 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
|  | Leather Factory |  |  | Tandy Leather |  |  | Total |
2017 |  |  | 90 |  |  |  | 1,667 |  |  |  | 1,757 |
2018 |  |  | - |  |  |  | 1,417 |  |  |  | 1,417 |
2019 |  |  | - |  |  |  | 666 |  |  |  | 666 |
2020 |  |  | - |  |  |  | 666 |  |  |  | 666 |
2021 |  |  | - |  |  |  | 666 |  |  |  | 666 |
Thereafter |  |  | - |  |  |  | 5,668 |  |  |  | 5,668 |

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