Note 12 - Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Business Acquisition, Pro Forma Information [Table Text Block]

	Six Months ended					Six Months ended
	June 30, 2022					June 30, 2021
	Sales		Net Income			Sales		Net Income
Acquired Companies:
Komtek (acquired January 15, 2021)	$	4,148,696		200,675		$	3,634,832	$	273,371
Global-Tek (acquired March 1, 2021)		3,154,086		(488,575	)		4,310,258		705,122
EH (acquired July 1, 2021)		656,068		69,543			-		-
Reverso Pumps (acquired January 10, 2022)		2,548,563		351,769			-		-
Separ America (acquired January 10, 2022)		869,739		234,595			-		-
Knitting Machinery (acquired May 1, 2022)		579,388		61,415			-		-
Subtotal Acquired Companies	$	11,956,540		429,422			7,945,090		978,493
All Other Companies		50,948,233		1,807,717			42,498,799		3,412,229
Total	$	62,904,773	$	2,237,139		$	50,443,889	$	4,390,722

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

Cash Consideration Transferred	$	4,926,035
Seller Transaction Costs and Repayment of Indebtedness		1,398,394
Total Consideration	$	6,324,429
Accounts Receivable	$	1,058,460
Inventory		173,202
Fixed Assets		3,233,073
Prepaid and Other Assets		189,214
Intangibles Asset: Trademark		1,162,000
Intangible Asset: Customer List		1,041,000
Goodwill		1,896,607
Total Assets Acquired	$	8,753,556
Accounts Payable	$	473,119
Accrued Payroll and Other Expense		456,008
Contingent Liability		1,500,000
Total Liabilities Assumed	$	2,429,127
Total Fair Value	$	6,324,429
Acquisition transaction costs incurred were:	$	190,007

Assumption of Indebtedness	$	287,359
Accounts Receivable		79,843
Inventory		67,254
Intangible Assets: Customer List		478,649
Total Assets Acquired	$	625,746
Accounts Payable	$	338,387
Total Liabilities Assumed	$	338,387
Total Fair Value	$	287,359
Acquisition transaction costs incurred were:	$	36,204

Cash Consideration Transferred	$	3,973,375
Seller Transaction Costs		230,359
Total Consideration	$	4,203,734
Accounts Receivable		471,879
Inventory		1,349,115
Fixed Assets		255,000
Prepaid and Other Assets		47,632
Intangible Asset: Customer List & Trademark		1,300,000
Goodwill		1,378,191
Total Assets Acquired	$	4,801,817
Accounts Payable	$	542,359
Accrued Expense		55,724
Total Liabilities Assumed	$	598,083
Total Fair Value	$	4,203,734
Acquisition transaction costs incurred were:	$	124,825

Cash Consideration Transferred	$	250,000
Fair Value of Stock Consideration		1,000,012
Total Consideration	$	1,250,012
Cash	$	100,000
Accounts Receivable		155,932
Inventory		664,861
Fixed Assets		164,123
Intangible Assets		150,000
Goodwill		424,261
Total Assets Acquired	$	1,659,177
Accounts Payable	$	33,694
Deferred Revenue		375,471
Total Liabilities Assumed	$	409,165
Total Fair Value		1,250,012
Acquisition transaction costs incurred were:	$	8,951