Note 8 - Notes Payable (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Related Party Transactions [Table Text Block]

	September 30, 2019		December 31, 2018
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.	$	1,349,413	$	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.		1,322,084		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 Loudermilk’s, payable in quarterly installments. The first principal payment was made in the current quarter.		8,437,500		9,000,000
Total notes payable		11,108,997		12,642,065
Less current portion		2,742,760		1,555,663
Notes payable – non-current portion	$	8,366,237	$	11,086,402