Note 12 - Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Business Acquisition, Pro Forma Information [Table Text Block]

	Nine Months ended					Nine Months ended
	September 30, 2022					September 30, 2021
	Sales		Net Income			Sales		Net Income
Acquired Companies:
Komtek (acquired January 15, 2021)	$	6,592,926		351,173		$	5,052,649	$	202,903
Global-Tek (acquired March 1, 2021)		4,883,279		(540,931	)		7,209,950		1,388,401
EH (acquired July 1, 2021)		1,088,372		97,375			268,102		19,549
Reverso Pumps (acquired January 10, 2022)		3,930,057		663,070			-		-
Separ America (acquired January 10, 2022)		1,440,788		247,346			-		-
Knitting Machinery (acquired May 1, 2022)		818,108		73,195			-		-
Subtotal Acquired Companies	$	18,753,530		891,228			12,530,701		1,610,853
All Other Companies		76,340,866		2,600,456			64,311,044		3,977,746
Total	$	95,094,396	$	3,491,684		$	76,841,745	$	5,588,599

Knitting Machinery Company of America LLC [Member]

Notes Tables

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

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:	$	30,479

Reverso Pumps, Inc. [Member]

Notes Tables

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

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

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		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

Acquisition of Global Tek Manufacturing LLC [Member]

Notes Tables

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

Cash Consideration Transferred	$	4,926,035
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

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