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Note 12 - Acquisitions (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Business Acquisition, Pro Forma Information [Table Text Block]
  

Three Months ended

  

Three Months ended

 
  

March 31, 2023

  

March 31, 2022

 
  

Sales

  

Net Income

  

Sales

  

Net Income

 

Acquired Companies:

                

Reverso Pumps (acquired January 10, 2022)

  1,731,100   328,746   658,389   125,926 

Separ America (acquired January 10, 2022)

  991,704   292,191   234,672   3,281 

Knitting Machinery (acquired May 1, 2022)

  73,157   7,681   -   - 

Subtotal Acquired Companies

 $2,795,961   628,618   893,061   129,207 
                 

All Other Companies

  36,688,395   2,762,855   30,109,685   936,668 

Total

 $39,484,356  $3,391,473  $31,002,746  $1,065,875 
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

 $3,951,392 

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 & 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