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Note 9 - Notes Payable (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]
  

March 31,

2023

  

December 31,

2022

 

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.

 $2,406,797  $2,587,877 

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.

  -   562,500 

Total notes payable

  2,406,797   3,150,377 

Less current portion

  753,057   1,303,972 

Notes payable – non-current portion

 $1,653,740  $1,846,405