ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents	$ 4,203,846	$ 4,215,617	$ 1,865,887
Trade receivables – net	52,735,602	49,069,668	42,329,436
Other receivables	357,133	325,888	461,297
Inventories	78,308,659	78,171,670	68,258,101
Income tax receivable	759,938	242,228	1,077,092
Deferred income taxes	1,104,050	1,104,050	1,252,030
Prepaid expenses	2,708,168	2,529,407	2,903,410
Total current assets	140,177,396	135,658,528	118,147,253
FIXED ASSETS – net	27,971,316	26,205,080	24,465,470
IDENTIFIED INTANGIBLES	36,773,351	36,807,099	30,490,800
OTHER ASSETS	322,863	354,051	328,242
TOTAL ASSETS	205,244,926	199,024,758	173,431,765
CURRENT LIABILITIES:
Accounts payable	19,583,618	11,486,473	11,426,322
Salaries and wages	899,044	659,002	771,501
Taxes - other	563,816	901,116	633,200
Accrued freight	1,055,875	1,143,848	699,073
Commissions	522,301	698,435	325,061
Accrued duty	1,680,971	1,444,369
Other	1,110,371	1,083,196	1,222,878
Total current liabilities	25,415,996	17,416,439	15,078,035
LONG TERM DEBT	36,590,000	38,388,198	20,252,298
DEFERRED INCOME TAXES	11,750,718	11,750,718	11,148,333
DEFERRED LIABILITIES	255,906	255,906	255,906
TOTAL LIABILITIES	74,012,620	67,811,261	46,734,572
Common stock, no par value;
25,000,000 shares authorized; issued and outstanding March 31, 2014 - 7,539,808; December 31, 2013 - 7,536,448 and March 31, 2013 - 7,516,448	70,202,570	70,153,570	69,862,770
Retained earnings	61,029,736	61,059,927	56,834,423
Total shareholders' equity	131,232,306	131,213,497	126,697,193
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 205,244,926	$ 199,024,758	$ 173,431,765