Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

BASIC	2016		2015		2014
Net income	$	6,402,259	$	6,402,405	$	7,706,921
Weighted average common shares outstanding		9,301,867		10,077,506		10,203,063
Earnings per share – basic	$	0.69	$	0.64	$	0.76
DILUTED
Net income	$	6,402,259	$	6,402,405	$	7,706,921
Weighted average common shares outstanding		9,301,867		10,077,506		10,203,063
Effect of restricted stock awards and assumed exercise of stock options		19,691		25,254		38,058
Weighted average common shares outstanding, assuming dilution		9,321,558		10,102,760		10,241,121
Earnings per share - diluted	$	0.69	$	0.63	$	0.75
Outstanding options and restricted stock awards excluded as anti-dilutive		31,477		60,433		-

Schedule of Goodwill [Table Text Block]

	Leather Factory			Tandy Leather		Total
Balance, January 1, 2015	$	588,380		$	383,406	$	971,786
Foreign exchange gain/loss		(18,430	)		-		(18,430	)
Balance, December 31, 2015	$	569,950		$	383,406	$	953,356
Foreign exchange gain/loss		2,845			-		2,845
Balance, December 31, 2016	$	572,795		$	383,406	$	956,201

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

	As of December 31, 20 16
	Gross		Accumulated Amortization		Net
Trademarks, Copyrights	$	554,369	$	545,279	$	9,090
Non-Compete Agreements		175,316		163,566		11,750
	$	729,685	$	708,845	$	20,840

	As of December 31, 2015
	Gross		Accumulated Amortization		Net
Trademarks, Copyrights	$	554,369	$	544,504	$	9,865
Non-Compete Agreements		174,665		157,248		17,417
	$	729,034	$	701,752	$	27,282

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

	Leather Factory		Tandy Leather		Total
2017		90		1,667		1,757
2018		-		1,417		1,417
2019		-		666		666
2020		-		666		666
2021		-		666		666
Thereafter		-		5,668		5,668