Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

BASIC	2013		2012		2011
Net income	$	7,265,717	$	5,596,070	$	4,752,601
Weighted average common shares outstanding		10,176,492		10,157,395		10,156,442
Earnings per share – basic	$	0.71	$	0.55	$	0.47
DILUTED
Net income	$	7,265,717	$	5,596,070	$	4,752,601
Weighted average common shares outstanding		10,176,492		10,157,395		10,156,442
Effect of assumed exercise of stock options and warrants		39,946		17,951		25,656
Weighted average common shares outstanding, assuming dilution		10,216,438		10,175,346		10,182,098
Earnings per share - diluted	$	0.71	$	0.55	$	0.47
Outstanding options and warrants excluded as anti-dilutive		-		-		25,000

Schedule of Goodwill [Table Text Block]

	Leather Factory			Tandy Leather		Total
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
Acquisitions and adjustments		-			-		-
Foreign exchange gain/loss		(8,740	)		-		(8,740	)
Impairments		-			-		-
Balance, December 31, 2013	$	598,579		$	383,406	$	981,985

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

	As of December 31, 2013
	Gross		Accumulated Amortization		Net
Trademarks, Copyrights	$	544,369	$	487,891	$	56,478
Non-Compete Agreements		181,216		134,466		46,750
	$	725,585	$	622,357	$	103,228

	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

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

	Leather Factory		Tandy Leather		Total
2014	$	505	$	45,004	$	45,509
2015		-		40,302		40,302
2016		-		5,667		5,667
2017		-		1000		1,000
2018		-		750		750

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
Outstanding, January 1, 2013	$	4.53		121,600
Granted		6.87		12,000
Cancelled		-		-
Exercised		4.23		(49,000	)
Outstanding, December 31, 2013	$	5.04		84,600			7.22	$	104,656
Exercisable, December 31, 2013	$	5.04		84,600			7.22	$	104,656

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

	2013		2012		2011
Weighted average grant-date fair value of stock options granted	$	0.97	$	0.83	$	1.19
Total fair value of stock options vested	$	11,686	$	10,000	$	14,257
Total intrinsic value of stock options exercised	$	113,790	$	9,572	N/A

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

	2013			2012			2011
Volatility	19.1		%		21.4	%		33.8	%
Expected option life		3			3			3
Interest rate (risk free)		0.80	%		0.875	%		1.5	%
Dividends		None			None			None