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Note 15 - Acquisitions (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Business Acquisition, Pro Forma Information [Table Text Block]
  

Year ended

  

Year ended

 
  

December 31, 2023

  

December 31, 2022

 
  

Sales

  

Net Income

  

Sales

  

Net Income

 

Acquired Companies:

                

Reverso Pumps (acquired January 10, 2022)

 $6,527,485  $1,141,472  $5,467,426  $876,558 

Separ America (acquired January 10, 2022)

  2,339,485   744,663   1,746,551   353,239 

Knitting Machinery (acquired May 1, 2022)

  633,573   33,579   1,022,603   82,830 

Subtotal Acquired Companies

 $9,500,543  $1,919,714   8,236,580   1,312,627 
                 

All Other Companies

  134,385,391   11,375,079   119,518,347   5,248,776 

Total

 $143,885,934  $13,294,793  $127,754,927  $6,561,403 
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

  517,270 

Fixed Assets

  90,603 

Intangible Assets

  150,000 

Goodwill

  645,372 

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 Assets: Customer List & Trademarks

  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