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Note 9 - Notes Payable (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]
  

June 30,

2022

  

December 31,

2021

 

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.

 $2,941,721  $3,284,762 

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 seller, payable in quarterly installments beginning September 30, 2018.

  2,250,000   3,937,500 

Total notes payable

  5,191,721   7,222,262 

Less current portion

  2,968,833   2,946,885 

Notes payable – non-current portion

 $2,222,888  $4,275,377