Note 8 - Notes Payable (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Related Party Transactions [Table Text Block]

	March 3 1 , 201 9		December 31, 201 8
In connection with the Federal Hose acquisition, the Company entered into a promissory note on July 1, 2016 for a $2,000,000 loan due to First Francis Company, payable in quarterly installments. The remaining balance of the note shall be payable in full on July 1, 2022.	$	1,440,544	$	1,485,061
In connection with the Federal Hose acquisition, the Company entered into a promissory note on July 1, 2016 for a $2,768,662 loan due to First Francis Company, payable in quarterly installments. The remaining balance of the note shall be payable in full on July 1, 2022.		2,096,346		2,157,004
In connection with the CAD acquisition, the Company entered into a promissory note on July 1, 2018 for a $9,000,000 loan due to the Loudermilks, payable in quarterly installments. No principal payments will be made until September 2019.		9,000,000		9,000,000
Total notes payable – related party		12,536,890		12,642,065
Less current portion		2,124,892		1,555,663
Notes payable – related party non-current portion	$	10,411,998	$	11,086,402