Note 15 - Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Business Acquisition, Pro Forma Information [Table Text Block]

	Year ended					Year ended
	December 31, 2022					December 31, 2021
	Sales		Net Income			Sales		Net Income
Acquired Companies:
Komtek (acquired January 15, 2021)	$	9,103,652		571,640		$	6,622,601	$	38,434
Global-Tek (acquired March 1, 2021)		6,537,499		(217,140	)		9,249,412		1,582,758
EH (acquired July 1, 2021)		1,500,573		121,546			516,319		48,021
Reverso Pumps (acquired January 10, 2022)		5,467,426		876,558			-		-
Separ America (acquired January 10, 2022)		1,746,551		353,239			-		-
Knitting Machinery (acquired May 1, 2022)		1,022,603		82,830			-		-
Subtotal Acquired Companies		25,378,304		1,788,673			16,388,332		1,669,213
All Other Companies		102,376,623		4,772,730			87,773,895		3,984,085
Total	$	127,754,927	$	6,561,403		$	104,162,227	$	5,653,298

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 Asset: Trademark and Customer List		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	$	3,951,392
Seller Transaction Costs		230,359
Total Consideration	$	4,181,751
Accounts Receivable		466,887
Inventory		1,308,822
Fixed Assets		64,710
Prepaid and Other Assets		64,080
Intangible Asset: Customer List and Trademark		1,300,000
Goodwill		1,572,913
Total Assets Acquired	$	4,777,412
Accounts Payable	$	542,359
Accrued Expense		53,302
Total Liabilities Assumed	$	595,661
Total Fair Value	$	4,181,751
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