Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

BASIC	2012		2011		2010
Net income	$	5,596,070	$	4,752,601	$	4,160,257
Weighted average common shares outstanding		10,157,395		10,156,442		10,208,944
Earnings per share – basic	$	0.55	$	0.47	$	0.41
DILUTED
Net income	$	5,596,070	$	4,752,601	$	4,160,257
Weighted average common shares outstanding		10,157,395		10,156,442		10,208,944
Effect of assumed exercise of stock options and warrants		17,951		25,656		42,919
Weighted average common shares outstanding, assuming dilution		10,175,346		10,182,098		10,251,863
Earnings per share - diluted	$	0.55	$	0.47	$	0.41
Outstanding options and warrants excluded as anti-dilutive		-		25,000		13,000

Schedule of Goodwill [Table Text Block]

	Leather Factory			Tandy Leather		Total
Balance, December 31, 2010	$	606,962		$	383,406	$	990,368
Acquisitions and adjustments		-			-		-
Foreign exchange gain/loss		(3,359	)		-		(3,359	)
Impairments		-			-		-
Balance, December 31, 2011	$	603,603		$	383,406	$	987,009
Acquisitions and adjustments		-			-		-
Foreign exchange gain/loss		3,716			-		3,716
Impairments		-			-		-
Balance, December 31, 2012	$	607,319		$	383,406	$	990,725

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	As of December 31, 2012
	Gross		Accumulated Amortization		Net
Trademarks, Copyrights	$	544,369	$	456,836	$	87,533
Non-Compete Agreements		183,216		125,216		58,000
	$	727,585	$	582,052	$	145,533

	As of December 31, 2011
	Gross		Accumulated Amortization		Net
Trademarks, Copyrights	$	544,369	$	425,418	$	118,951
Non-Compete Agreements		182,365		114,024		68,341
	$	726,734	$	539,442	$	187,292

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

	Leather  Factory		Tandy Leather		Total
2013	$	768	$	33,337	$	34,105
2014		455		33,337		33,792
2015		-		28,635		28,635
2016		-		2,000		2,000
2017		-		-		-

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Weighted Average Exercise Price		# of shares		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding, January 1, 2011	$	4.35		103,600
Granted		4.80		12,000
Cancelled		-		-
Exercised		-		-
Outstanding, December 31, 2011	$	4.40		115,600		5.15	$	206,332
Exercisable, December 31, 2011	$	4.40		115,600		5.15	$	206,332

Outstanding, January 1, 2012	$	4.40	115,600
Granted		5.27	12,000
Cancelled		-	-
Exercised		3.50	(6,000	)
Outstanding, December 31, 2012	$	4.53	121,600		4.83	$	206,760
Exercisable, December 31, 2012	$	4.53	121,600		4.83	$	206,760

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	2012		2011		2010
Weighted average grant-date fair value of stock options granted	$	0.83	$	1.19	$	1.42
Total fair value of stock options vested	$	10,000	$	14,257	$	18,388
Total intrinsic value of stock options exercised	$	9,572		N/A	$	114,603