Note 16 - Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Business Acquisition, Pro Forma Information [Table Text Block]

	Twelve Months Ended December 31, 2021
	Acquired Entities		All Other Entites		Consolidated Pro Forma
Sales	$	41,776,303	$	65,156,011	$	106,932,314
Net Income	$	3,567,944	$	2,358,752	$	5,926,696

	Twelve Months Ended December 31, 2020
	Acquired Entities		All Other Entities		Consolidated Pro Forma
Sales	$	32,893,573	$	68,675,624	$	101,569,197
Net Income	$	1,927,056	$	4,739,740	$	6,666,796

Acquisition of Emergency Hydraulics LLC [Member]

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Assumption of Indebtedness	$	287,359
Accounts Receivable	$	79,843
Inventory		67,254
Intangible Assets: Customer List		413,589
Total Assets Acquired	$	560,686
Accounts Payable	$	273,327
Total Liabilities Assumed	$	273,327
Total Fair Value	$	287,359
Acquisition transaction costs incurred were:	$	36,204

Acquisition of Global Tek Manufacturing LLC [Member]

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash Consideration Transferred	$	4,913,530
Seller Transaction Costs and Repayment of Indebtedness		1,490,222
Total Consideration	$	6,403,752
Accounts Receivable	$	1,058,459
Inventory		173,202
Fixed Assets		3,233,073
Prepaid and Other Assets		1,036
Intangible Asset: Trademark		1,162,000
Intangibles Asset: Customer List		1,041,000
Goodwill		2,066,461
Total Assets Acquired	$	8,735,231
Accounts Payable	$	473,119
Accrued Payroll and Other Expense		214,879
Deferred Tax Liability		143,481
Contingent Liability		1,500,000
Total Liabilities Assumed	$	2,331,479
Total Fair Value	$	6,403,752
Acquisition transaction costs incurred were:	$	190,007

Komtek Forge Acquisition [Member]

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash Consideration Transferred	$	840,551
Assumed Debt		1,753,757
Fair Value of Stock Consideration		1,059,000
Total Consideration	$	3,653,308
Cash	$	75,701
Accounts Receivable		1,502,713
Inventory		1,595,859
Fixed Assets		434,197
Prepaid and Other Assets		280,258
Goodwill		832,306
Total Assets Acquired	$	4,721,034
Accounts Payable	$	843,817
Accrued Expense		223,909
Total Liabilities Assumed	$	1,067,726
Total Fair Value	$	3,653,308
Acquisition transaction costs incurred were:	$	147,400

Assets Acquisition of MPI Products, Inc. [Member]

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash Consideration Transferred	$	9,400,000
Accounts Receivable	$	771,088
Inventory		2,918,255
Fixed Assets		29,581
Prepaid and Other Assets		53,397
Intangible Asset: Trademark		1,590,000
Intangibles Asset: Customer List		2,730,000
Goodwill		1,714,108
Total Assets Acquired	$	9,806,429
Accrued Expense		406,429
Total Liabilities Assumed	$	406,429
Total Fair Value	$	9,400,000
Acquisition transaction costs incurred were:	$	110,548