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Note 9 - Notes Payable (Tables)
9 Months Ended
Sep. 30, 2020
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
   
September
30,
2020
   
December 31,
2019
 
                 
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 beginning October 31, 2016
  $
1,158,449
    $
1,302,776
 
                 
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 beginning October 31, 2016.
   
1,020,287
     
1,248,380
 
                 
In connection with the CARES Act, Federal Hose entered into a promissory note on June 4, 2020 for a $253,071 loan due to First Federal Savings and Loan Association of Lakewood, with monthly principal and interest installments to begin January 4, 2021. Any unforgiven portion of the note is payable on or before June 4, 2022.
   
253,071
     
-
 
                 
In connection with the CARES Act, CAD entered into a promissory note on June 4, 2020 for a $1,200,766 loan due to First Federal Savings and Loan Association of Lakewood, with monthly principal and interest installment to begin January 4, 2021. Any unforgiven portion of the note is payable on or before June 4, 2022.
   
1,200,766
     
-
 
                 
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 beginning September 30, 2018.
   
7,312,500
     
7,875,000
 
                 
Total notes payable
   
11,073,053
     
10,426,156
 
                 
Less current portion
   
3,336,787
     
2,749,459
 
                 
Notes payable – non-current portion
  $
7,608,286
    $
7,676,697