Note 7 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft			Total
For the quarter ended June 30 , 20 16
Net sales	$	6,064,995		$	12,493,943	$	963,967		$	19,522,905
Gross profit		4,790,539			7,364,772		740,479			12,895,790
Income from operations		1,548,303			1,166,009		124,579			2,838,891
Interest (expense)		(42,027	)		-		-			(42,027	)
Other income (expense), net		8,986			-		14,448			23,434
Income before income taxes		1,515,262			1,166,009		139,027			2,820,298
Depreciation and amortization		222,090			152,217		43,258			417,565
Fixed asset additions		213,692			28,543		48,840			291,075
Total assets	$	45,695,555		$	16,124,992	$	4,797,768		$	66,618,315
For the quarter ended June 30 , 20 15
Net sales	$	6,394,278		$	12,532,411	$	846,839		$	19,773,528
Gross profit		4,726,907			7,548,859		538,615			12,814,381
Income from operations		968,552			1,336,669		28,621			2,333,842
Interest (expense)		(34,762	)		-		-			(34,762	)
Other income (expense), net		25,769			-		(15,892	)		9,877
Income before income taxes		959,559			1,336,669		12,729			2,308,957
Depreciation and amortization		274,536			137,735		13,249			425,520
Fixed asset additions		164,540			226,777		19,470			410,787
Total assets	$	38,507,395		$	20,875,591	$	4,186,980		$	63,569,966
For the six months ended June 30, 201 6
Net sales	$	12,561,902		$	25,736,527	$	1,896,703		$	40,195,132
Gross profit		9,179,168			15,060,951		1,308,417			25,548,536
Operating earnings		2,674,562			2,380,959		146,160			5,201,681
Interest (expense)		(65,456	)		-		-			(65,456	)
Other income (expense), net		14,733			-		8,662			23,395
Income before income taxes		2,623,839			2,380,959		154,822			5,159,620
Depreciation and amortization		484,625			303,910		43,258			831,793
Fixed asset additions		584,991			260,108		52,908			898,007
Total assets	$	45,695,555		$	16,124,992	$	4,797,768		$	66,618,315
For the six months ended June 30, 201 5
Net sales	$	13,119,582		$	25,641,824	$	1,800,886		$	40,562,292
Gross profit		8,896,542			15,394,625		1,106,142			25,397,309
Operating earnings		1,920,407			2,740,121		62,195			4,722,723
Interest expense		(78,925	)		-		-			(78,925	)
Other income (expense), net		37,162			-		(7,412	)		29,750
Income before income taxes		1,878,644			2,740,121		54,783			4,673,548
Depreciation and amortization		514,254			270,597		24,605			809,456
Fixed asset additions		584,446			484,315		19,470			1,088,231
Total assets	$	38,507,395		$	20,875,591	$	4,186,980		$	63,569,966

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Three months ended June 30,	20 16		20 15
United States	$	16,610,634	$	16,836,732
Canada		1,746,547		1,852,181
All other countries		1,165,724		1,084,615
	$	19,522,905	$	19,773,528

Six months ended June 30,	2016		20 15
United States	$	34,338,263	$	34,585,363
Canada		3,488,303		3,738,766
All other countries		2,368,566		2,238,163
	$	40,195,132	$	40,562,292