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Note 9 - Notes Payable (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
  

December 31,

2021

  

December 31,

2020

 
         

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.

 $-  $1,108,829 
         

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.

  -   941,867 
         

In connection with the Komtek Forge acquisition, the Company refinanced the outstanding First Francis promissory notes, accrued interest payable through the refinance date and the assumed First Francis promissory note into one note on January 15, 2021 for a $3,779,784 loan due to First Francis Company, payable in quarterly installments beginning April 15, 2021.

  3,284,762   - 
         

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. This loan was forgiven in 2021.

  -   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. This loan was forgiven in 2021.

  -   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.

  3,937,500   6,187,500 
         

Total notes payable

  7,222,262   9,692,033 
         

Less current portion

  2,946,885   2,782,479 
         

Notes payable – non-current portion

 $4,275,377  $6,909,554 
Schedule of Maturities of Long-term Debt [Table Text Block]
  

Term Loan

 
     

2022

  1,444,444 

Total principal payments

 $1,444,444 
Notes Payable [Member]  
Notes Tables  
Schedule of Maturities of Long-term Debt [Table Text Block]
  

Related Party

Notes

  

Seller Note

  

Total Principal

Payments

 
             

2022

  696,885   2,250,000   2,946,885 

2023

  741,472   1,687,500   2,428,972 

2024

  788,911   -   788,911 

2025

  839,387   -   839,387 

2026

  218,107   -   218,107 

Total principal payments

 $3,284,762  $3,937,500  $7,222,262